What changed for the market while you were sleeping? Top 10 things to know

Exactly two years ago, Prime Minister Narendra Modi announced demonetisation of high denomination bank notes. The announcement, whose primary purpose was to curtail the shadow economy, received a mixed response, garnering support from several bankers and international commentators alike but also getting criticised as poorly planned and unfair. While you could be on either side of the fence on this one, data reveals that several stocks have done quite well since demonetisation. Here are the top ten stocks that have rallied since November 8, 2016:

Exactly two years ago, Prime Minister Narendra Modi announced demonetisation of high denomination bank notes. The announcement, whose primary purpose was to curtail the shadow economy, received a mixed response, garnering support from several bankers and international commentators alike but also getting criticised as poorly planned and unfair. While you could be on either side of the fence on this one, data reveals that several stocks have done quite well since demonetisation. Here are the top ten stocks that have rallied since November 8, 2016:

Benchmark indices closed the last session of the truncated week ended November 22 on a negative note. Indices declined for three consecutive days until Thursday ahead of the expiry of November futures and options contracts.

The Nifty 50 lost around 250 points from its recent swing high of 10,774 to move near 10,500. The index shed 73.20 points to close at 10,526.80 and the 30-share BSE Sensex ended below 35,000, down 218.78 points at 34,981.02 despite a sharp appreciation in the rupee and the fall in crude oil prices.

The rupee gained 219 paise against the US dollar in last seven consecutive sessions while crude oil prices plunged 27 percent since October 3, 2018, to trade around $63 a barrel.

All sectoral indices closed in the red on Thursday with Nifty Bank falling a percent and metal declining 1.77 percent. The broader indices also traded in line with frontliners with the Nifty Midcap index falling 0.91 percent.

[“source=forbes]

Coca-Cola CEO on coffee strategy: We’re not going head to head with Starbucks

Coca-Cola's coffee, cannabis strategy

Coca-Cola’s coffee, cannabis strategy¬†¬† 9:51 PM ET Fri, 16 Nov 2018 | 00:58

Coca-Cola’s $5.1 billion acquisition of U.K. coffee chain Costa was less of an effort to take on giants like Starbucks than a move to create a new type of coffee experience, Coca-Cola President and CEO James Quincey tells CNBC.

To Quincey, who joined Jim Cramer for an exclusive interview Friday, the coffee industry has split into three overarching parts: the “ready-to-drink piece,” the “at-home” segment and immediate consumption at coffee shops.

“The biggest piece is in immediate consumption channels. And, actually, while coffee shops exist, the biggest piece is the rest,” Quincey said on “Mad Money.” “Helping other customers have a store in a store and executing coffee within other people’s outlets is a big opportunity for them, and I think there’s a lot of white space to do a lot better around the world.”

Coca-Cola, a $213 billion beverage maker, was criticized by some for paying too much for Costa, a former Whitbread subsidiary with nearly 4,000 international locations, most of them in the United Kingdom.

But the U.K.-born Quincey, who pegged coffee’s total addressable market at roughly $500 billion, sees a yet-unlocked opportunity to deliver quality coffee quickly at existing locations like gas stations and convenience stores.

“Our idea is not to go head to head” with companies like Starbucks and Nestle, which made a $7 billion licensing deal with Starbucks in May, the CEO said.

“Whether you want to call it food service or partnering with customers to get stores on, the express is like the top-end vending machine for coffee that gets a barista experience, whether it’s in a petrol station, a convenience store, at work,” Quincey said. “We have store in stores in cinemas. So there’s a massive opportunity to partner with customers to sell more coffee, really high-quality barista coffee, in someone else’s store.”

But where coffee provides opportunities, cannabis seems laden with obstacles, Quincey said, addressing Coca-Cola’s likelihood to break into the rapidly expanding marijuana market.

While some alcohol brands are already exploring ways to create drinks infused with THC, the psychoactive ingredient in cannabis, Coca-Cola would only consider incorporating CBD, the plant’s non-active, medically inclined component, in its products, the CEO said.

“The way I think about ingredients is the following: Is it legal? Is it safe? And is it consumable?” Quincey said. “Is it legal? It’s not legal in the U.S. It’s not even legal for beverages in Canada yet. Is it safe? Science is out. We believe our consumers want to trust us that our beverages are indisputably safe, and therefore, we want to see consensus science behind any ingredient, whichever one it is.”

“We want to sell drinks that people can drink each day. So it’s not like you have something once,” the CEO continued. “You have one a day. And if you can’t cross [off] those three things of legal, safe and consumable, it’s not an ingredient that’s going to work for us.”

Coca-Cola’s stock hit a new 52-week high in Friday’s trading session, ultimately closing up 0.86 percent at $50.17 a share. The company third-quarter earnings report in late October impressed Wall Street, with 30-percent profit growth and a double-digit sales jump in the company’s Coke Zero Sugar brand.

[“source=cnbc”]