Albertsons Companies(ACI)

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Jim Cramer names stocks that could rally, or fall, during another Trump presidency
CNBC· 2024-07-15 23:20
Group 1 - Stocks that may benefit from a potential Trump presidency include major investment banks such as JPMorgan, Goldman Sachs, Morgan Stanley, and Bank of America, which experienced gains on Monday [2] - The Trump administration is expected to be more favorable towards mergers and acquisitions, potentially allowing deals like Kroger's acquisition of Albertsons and Tapestry's purchase of Capri, which were previously blocked by the Biden administration [2] - Companies focused on environmental sustainability, such as Enphase, SolarEdge, Sunrun, and Sunnova, may face challenges if government subsidies are removed, as these stocks were down by Monday's close [2] Group 2 - The sentiment in the market suggests that many investors are betting on stocks that could perform well under a Republican administration, particularly following recent political events [1] - The political landscape can significantly influence stock performance, with certain stocks being labeled as "Trump stocks" based on the current political climate [3]
Is the Options Market Predicting a Spike in Albertsons Companies (ACI) Stock?
ZACKS· 2024-07-10 13:31
Investors in Albertsons Companies, Inc. (ACI) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $15 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It coul ...
ACI Worldwide and RS2 Launch Acquiring and Issuing Solution in Brazil
PYMNTS.com· 2024-06-25 17:33
Real-time payments firm ACI Worldwide launched a collaboration with Brazil-based payments processor RS2.The partnership is designed to offer a one-stop solution for acquirers and issuers in Brazil, supporting financial institutions, integrated software vendors, payment facilitators, independent sales organizations and payment processors, according to a Tuesday (June 25) press release.“The combined new cloud-enabled technology platform enables merchants, banks and payment service providers to launch new prod ...
3 Stocks at 52-Week Lows Poised for a Powerful Rebound: June Edition
Investor Place· 2024-06-13 18:00
As much as the market has had impressive gains, the tide hasn’t lifted all boats. Some stocks are languishing near lows due to their short-term challenges. However, there are some rough diamonds that just need a little polishing for their value to shine through. Indeed, these stocks at 52-week lows for rebound present an attractive risk-reward setup going forward.Although these stocks’ short-term fundamentals have been murky, their long-term outlook remains excellent. Their earnings growth prospects might b ...
Albertsons: Grocery Chains Shouldn't Trade At These Multiples
Seeking Alpha· 2024-06-08 03:32
Colleen Michaels/iStock Editorial via Getty Images Albertsons Companies, Inc. (NYSE:ACI) operates grocery stores and drug stores in the United States with brands such as Albertsons, Safeway, Vons, Pavilions, and multiple others. Since an IPO in 2020, Albertsons’ stock has returned around 75%. The company’s story has seen changes in the past years due to an acquisition offer by Kroger (KR). The acquisition offer has since gone under FTC scrutiny and is expected to likely fail when comparing the stock pri ...
Albertsons Media Collective Partners with Rokt to Extend Its Retail Media Ecosystem, Adds Non-Endemic Ads Across Its Portfolio of Brands
Prnewswire· 2024-06-07 14:30
Core Insights - Rokt has partnered with Albertsons Media Collective to enhance customer engagement through non-endemic advertising, allowing brands not sold by Albertsons to reach its ecommerce customers [1][2][3] - The partnership aims to drive customer loyalty and improve the shopping experience by delivering relevant offers during the transaction moment, which is when customers are most likely to respond [2][3] - Albertsons will utilize Rokt's technology to expand its advertising capabilities across its own channels and Rokt's network of premium ecommerce merchants [3][4] Company Overview - Rokt is a leading ecommerce technology company that leverages machine learning and AI to enhance transaction relevance, processing over 5 billion transactions annually across various industries [4][5] - Albertsons Media Collective is a retail media network that connects with consumers in over 2,200 locations across 34 states, focusing on innovative marketing solutions and first-party data to drive retail sales [6]
Kimco Realty® Announces First Quarter 2024 Results
Newsfilter· 2024-05-02 11:05
Core Insights - Kimco Realty reported a net loss of $18.9 million, or $0.03 per diluted share, for Q1 2024, compared to a net income of $283.5 million, or $0.46 per diluted share, in Q1 2023, primarily due to a one-time special dividend received in the previous year [1][4][21] Financial Performance - Funds From Operations (FFO) for Q1 2024 was $261.8 million, or $0.39 per diluted share, including $25.2 million in merger-related charges [5][24] - Same Property Net Operating Income (NOI) grew by 3.9% year-over-year, driven by a 2.8% increase in minimum rent [2][7] - The company achieved a pro-rata portfolio occupancy of 96.0%, with anchor and small shop occupancy rates at 97.8% and 91.5%, respectively [2][7] Acquisition and Disposition Activities - Kimco completed the $2.3 billion acquisition of RPT Realty on January 2, 2024, and disposed of ten former RPT properties for $248 million, achieving its 2024 disposition target [2][3][8] - The acquisition of RPT resulted in a $60.6 million increase in consolidated revenues from rental properties [4] Capital Market Activities - The company repaid unsecured notes totaling $646.9 million during Q1 2024 and has no remaining unsecured debt [9] - Kimco sold 14.2 million shares of ACI common stock, generating $299.1 million in net proceeds [9] Dividend Declarations - The board declared a quarterly cash dividend of $0.24 per share, payable on June 20, 2024 [10] 2024 Full Year Outlook - The company updated its guidance for 2024, projecting net income of $0.40 to $0.44 per diluted share and FFO of $1.56 to $1.60 per diluted share [11][12]
7 Stocks to Buy if Inflation Continues to Reign in 2024
InvestorPlace· 2024-04-27 10:38
Before considering which stocks to buy if inflation continues, it’s good to remember the relationship between inflation and interest rates. The latest reading on CPI and PPI shows that the declining inflation rate may be ramping back up. The takeaway is that the Fed is less likely to lower interest rates, which puts pressure on equities. But while some stocks will struggle, others are built to shine during rising inflation. These are the companies that deliver the products and services that consumers need ...
Stock Market Sell-Off: 3 Bargain Stocks Worth Buying Now
The Motley Fool· 2024-04-27 07:07
We've seen a very volatile stock market in recent weeks. That's created an opportunity to buy these three winners at bargain prices.While it's bounced back a little in recent trading days, the stock market is still off all-time highs. Moreover, some great stocks that sold off have remained down. This is despite their high-quality businesses that should generate profits that reward investors for many years to come.Instead of lamenting their lack of bouncing back, investors shouldn't miss out on the chance to ...
Albertsons (ACI) Q4 Earnings In Line, Sales Miss Estimates
Zacks Investment Research· 2024-04-23 21:16
Albertsons Companies, Inc. (ACI) reported mixed fourth-quarter fiscal 2023 results, wherein earnings were in line with the Zacks Consensus Estimate, while sales missed the same. Additionally, on a year-over-year basis, the company’s top line increased marginally but the bottom line declined.ACI’s focus on operational excellence, digital expansion, pharmacy operations and customer relationships represent a comprehensive strategy for growth and competitiveness. However, results were partly hurt by the challen ...