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    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Monday Mashup - CHART 1

RECENT NOTES

7/30/15 GIS TO BUY WWAV | IN SEARCH FOR TRANSFORMATIONAL GROWTH

7/27/15 HAIN | ORGANIC DECEPTION PART TWO

7/24/15 HAIN | COSMETIC DECEPTION

7/23/15 CPB | Analyst Day Notes

7/21/15 GIS | Green Giant Divestiture is the Worst Kept Secret

RECENT NEWS FLOW

Saturday, August 1

K | Announced the completion of new master contract agreement with BCTGM, the primary workforce for cereal manufacturing (click here for article)

Thursday, July 30

MDLZ | Downgraded to neutral from buy at Goldman Sachs, however target price increased to $46 from $43

CAG | Eliminating BPA from canned packaging (click here for article)

 

Wednesday, July 29

BN-FR / SBUX | Partner up to create a Greek yogurt brand for sale at retail (click here for article)

WFM | Caught a few downgrades as a result of poor performance stemming from the pricing scandal (3Q15 earnings release here)

MDLZ | Investing more than $130mm to modernize North American supply chain (click here for article)

 

Tuesday, July 28

CAG | Rumored to be in talks with TreeHouse and Post regarding private label auction (click here for article)

PG | Appointed David Taylor, a company veteran to President and CEO (click here for article)

LWAY | Probiotics gaining adoption (click here for article)

 

Monday, July 27

UNFI | Downgraded to market perform from outperform at BMO Capital, target cut to $52 from $71

GOOG | Google recently attempted to acquire Impossible Foods, a plant-based cheeseburger company (click here for article)

SECTOR PERFORMANCE

Food and organic stocks that we follow outperformed the XLP last week. The XLP was up 1.3%, the top performer from our list was BDBD posting an increase of 20.5%, although BDBD is still down -43.2% in the last 52 weeks. This sharp increase was due to an activist disclosing his stake in the company.

Monday Mashup - CHART 2

QUANTITATIVE SETUP

From a quantitative perspective, the XLP remains bullish on a TRADE and TREND duration.

Monday Mashup - CHART 3

Food and Organic Companies

Monday Mashup - CHART 4

Monday Mashup - CHART 5