Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's brand portfolio includes Oreo, Ritz, LU, CLIF Bar, and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka, and Toblerone chocolate. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, distribution centers, third party distributors, and other facilities, as well as through independent sales offices and agents. The company also sells products directly to businesses and consumers through e-retail platforms, retailer digital platforms, as well as through its direct-to-consumer websites and social media platforms. Mondelez International, Inc. was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. The company was incorporated in 2000 and is headquartered in Chicago, Illinois.

Mondelez International, Inc.

Bristol Myers Squibb today announced that its Board of Directors has declared a quarterly dividend of sixty-three cents per share on the $0.10 par value common stock of the company. The dividend is payable on February 2, 2026, to stockholders of record at the close of business on January 2, 2026. This quarterly dividend represents a 1.6% increase over last year's quarterly rate of sixty-two cents per share. At this quarterly dividend rate, subject to the normal quarterly review by the Board of Directors, the annual dividend rate for the fiscal year 2026 is $2.52 per share. This marks the 17th consecutive year that the company has increased its dividend and the 94th consecutive year that the company has paid a dividend.
Stryker announced that its Board of Directors has declared a quarterly dividend of $0.88 per share payable January 30, 2026, to shareholders of record at the close of business on December 31, 2025, representing an increase of 4.8% versus the prior year and previous quarter.
The Board of Directors of Mondelez International today declared a regular quarterly dividend of $0.50 per share of Class A common stock. This dividend is payable on January 14, 2026, to shareholders of record as of the close of business on December 31, 2025.
The Board of Directors of Colgate-Palmolive today declared a quarterly cash dividend of $0.52 per common share, payable on February 13, 2026, to shareholders of record on January 21, 2026. The Company has paid uninterrupted dividends on its common stock since 1895.
Altria Group today announced that our Board of Directors declared a regular quarterly dividend of $1.06 per share, payable on January 9, 2026 to shareholders of record as of December 26, 2025. The ex-dividend date is December 26, 2025.
VIDEO: Daily Dividend Report: BMY,SYK,MDLZ,CL,MO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: BMY,SYK,MDLZ,CL,MO

Investors in Mondelez International Inc (Symbol: MDLZ) saw new options begin trading today, for the February 2026 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 71 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MDLZ options chain for the new February 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $52.50 strike price has a current bid of 5 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $52.50, but will also collect the premium, putting the cost basis of the shares at $52.45 (before broker commissions). To an investor already interested in purchasing shares of MDLZ, that could represent an attractive alternative to paying $54.11/share today.
Because the $52.50 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.10% return on the cash commitment, or 0.49% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Mondelez International Inc, and highlighting in green where the $52.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $57.50 strike price has a current bid of 10 cents. If an investor was to purchase shares of MDLZ stock at the current price level of $54.11/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $57.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.45% if the stock gets called away at the February 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if MDLZ shares really soar, which is why looking at the trailing twelve month trading history for Mondelez International Inc, as well as studying the business fundamentals becomes important. Below is a chart showing MDLZ's trailing twelve month trading history, with the $57.50 strike highlighted in red:
Considering the fact that the $57.50 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 0.18% boost of extra return to the investor, or 0.95% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 27%, while the implied volatility in the call contract example is 32%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $54.11) to be 22%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
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ST Options Chain
NZF YTD Return
Funds Holding UTME
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

February 2026 Options Now Available For Mondelez International (MDLZ)

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the State Street Consumer Staples Select Sector SPDR ETF (Symbol: XLP) where we have detected an approximate $218.4 million dollar outflow -- that's a 1.5% decrease week over week (from 192,821,809 to 190,021,809). Among the largest underlying components of XLP, in trading today Philip Morris International Inc (Symbol: PM) is down about 0.9%, Colgate-Palmolive Co. (Symbol: CL) is up about 0.5%, and Mondelez International Inc (Symbol: MDLZ) is lower by about 1.2%. For a complete list of holdings, visit the XLP Holdings page » The chart below shows the one year price performance of XLP, versus its 200 day moving average:
Looking at the chart above, XLP's low point in its 52 week range is $75.16 per share, with $84.35 as the 52 week high point — that compares with a last trade of $78.19. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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LYEL Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

XLP, PM, CL, MDLZ: Large Outflows Detected at ETF

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Mondelez International Inc (Symbol: MDLZ) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Mondelez International Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of MDLZ entered into oversold territory, changing hands as low as $67.75 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Mondelez International Inc, the RSI reading has hit 29.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, MDLZ's recent annualized dividend of 1.88/share (currently paid in quarterly installments) works out to an annual yield of 2.74% based upon the recent $68.51 share price.
A bullish investor could look at MDLZ's 29.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on MDLZ is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
NIC Next Dividend Date
Funds Holding TECX
CUE Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mondelez International Enters Oversold Territory

Mondelez International, Inc. MDLZ turned in a solid third quarter of 2025, delivering better-than-expected revenues and earnings. However, the company struck a more cautious tone for the near term. Management explained that the pullback in guidance is not about weakening fundamentals but about a few very specific headwinds that surfaced during the quarter.
MDLZ now expects 2025 organic net revenue growth of 4% or higher compared with the earlier-mentioned 5%. Adjusted EPS is now anticipated to fall 15% on a constant-currency basis, steeper than the previously estimated decline of 10%.
The company faced issues from U.S. retailers who reduced inventories more sharply than anticipated. This created a temporary drag on shipments and made near-term comparisons choppier than usual. Management clarified that this is mainly a timing issue, not a sign that consumers are pulling back. Europe presented another challenge, as unusually hot weather and higher-than-expected price sensitivity weighed on chocolate volumes.
Tariff uncertainty also contributed to the more conservative guidance. Management noted that tariff actions have added costs and dampened consumer sentiment in certain markets, creating additional caution as the company plans the rest of the year.
Nevertheless, Mondelez is leaning into targeted pricing actions, stronger activation with retail partners, and a more focused push into value and club channels. The company also emphasized that it remains well covered on cocoa, offering some flexibility as commodity markets evolve.
Overall, the third quarter showed strong execution, but the trimmed guidance reflects near-term pressures from destocking, soft European demand and tariff noise. Management’s cautious stance for 2025 is a realistic response to current conditions rather than a shift in the company’s longer-term direction.
MDLZ’s Zacks Rank & Share Price Performance
Shares of this Zacks Rank #4 (Sell) company have tumbled 6.6% over the past three months compared with the industry’s decline of 7.5%. Mondelez trailed the broader Consumer Staples sector’s drop of 4.3% and the S&P 500’s increase of 6.3% in the same time frame.
Image Source: Zacks Investment Research
MDLZ’s Valuation Picture
Mondelez currently trades at a forward 12-month P/E ratio of 18.18, which is above the industry average of 14.72. Given the near-term pressures, this elevated multiple appears difficult to justify in the near term. A Value Score of D underscores the concerns.
Image Source: Zacks Investment Research
Top-Ranked Food Stocks
United Natural Foods, Inc. UNFI distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. At present, United Natural sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for United Natural’s current fiscal-year sales and earnings implies growth of 2.5% and 167.6%, respectively, from the year-ago figures. UNFI delivered a trailing four-quarter earnings surprise of 416.2%, on average.
Lamb Weston Holdings, Inc. LW engages in the production, distribution and marketing of frozen potato products in the United States, Canada, Mexico and internationally. It sports a Zacks Rank #1 at present. Lamb Weston delivered a trailing four-quarter earnings surprise of 16%, on average.
The Zacks Consensus Estimate for Lamb Weston's current fiscal-year sales indicates growth of 1.3% from the prior-year levels.
The Chefs' Warehouse, Inc. CHEF distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. It currently carries a Zacks Rank of 2 (Buy). CHEF delivered a trailing four-quarter earnings surprise of 14.7%, on average.
The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year sales and earnings indicates growth of 8.1% and 29.3%, respectively, from the prior-year levels.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mondelez Delivers a Solid Q3: Does the Guidance Cut Signal Trouble?

The S&P 500 Index ($SPX) (SPY) on Monday closed up by +1.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +2.62%. December E-mini S&P futures (ESZ25) rose +1.56%, and December E-mini Nasdaq futures (NQZ25) rose +2.64%.
US stock indexes rallied sharply on Monday due to strength in technology stocks and rising expectations for a December Fed interest rate cut. Semiconductor and AI-infrastructure stocks extended last Friday’s rebound after the sectors retreated on concerns over lofty valuations and whether heavy investment in artificial intelligence will boost profitability. Also, the strength of the Magnificent Seven technology stocks on Monday was another supportive factor for the overall market.
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T-note yields moved lower on Monday, providing support to stocks, after Fed Governor Christopher Waller said he's advocating for a December rate cut by the Fed due to concerns about the labor market, and then taking a meeting-by-meeting approach starting in January. The 10-year T-note yield fell -3 bp to 4.03% as Mr. Waller’s comments, along with last Friday’s dovish comments from New York Fed President John Williams, increased the chance of a Fed rate cut at next month’s FOMC meeting to 80% from 30% last Thursday.
The Bureau of Labor Statistics (BLS) canceled its October consumer price report last Friday and said the November report will be released on December 18. Last Wednesday, the BLS said it would not publish an October employment report and noted that it would incorporate those payroll figures into the November report, scheduled for publication on December 16.
The markets will look to this week’s economic news for direction. On Tuesday, Sep retail sales are expected to climb +0.4% m/m and +0.3% m/m ex-autos. Also, Sep PPI is expected to remain unchanged from Aug at +2.6% y/y, and Sep core PPI is expected to ease to +2.7% y/y from +2.8% y/y in Aug. In addition, The Conference Board’s Nov consumer confidence index is expected to fall by 1.2 points to 93.4. Finally, on Tuesday, Oct pending home sales are expected to climb +0.1% m/m. Wednesday brings weekly initial unemployment claims (expected +6,000 to 226,000), Sep capital goods new orders nondefense ex-aircraft and parts (expected +0.3% m/m), the Nov MNI Chicago PMI (expected +0.2 to 44.0), and the Fed Beige Book.
The markets are discounting an 80% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 466 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets settled higher on Monday. The Euro Stoxx 50 closed up +0.25%. China’s Shanghai Composite recovered from a 6-week low and closed up +0.05%. Japan’s Nikkei Stock 225 did not trade as Japanese markets closed for the Labor Thanksgiving Day holiday.
Interest Rates
December 10-year T-notes (ZNZ5) on Monday closed up by +4 ticks. The 10-year T-note yield fell -2.9 bp to 4.034%. T-notes settled higher on Monday, and the 10-year T-note yield fell to a 3.5-week low of 3.031%. Dovish comments from Fed Governor Christopher Waller on Monday lifted T-note prices when he said he's advocating for a December rate cut by the Fed due to concerns about the labor market, which boosted the chances of a Fed rate cut at the December 9-10 FOMC meeting to 80% from 30% last Thursday. Also, falling inflation expectations are bullish for T-notes after the 10-year breakeven inflation rate fell to a 6.75-month low of 2.231% on Monday. T-notes raced to their highs Monday afternoon on strong demand for the Treasury’s $69 billion auction of 2-year T-notes that had a bid-to-cover ratio of 2.68, above the 10-auction average of 2.60.
Monday's strength in stocks curbed safe-haven demand for government debt and limited gains in T-notes. Also, supply pressures are negative for T-notes as the Treasury will auction $211 billion in T-notes and floating-rate notes this week.
European government bond yields moved lower on Monday. The 10-year German bund yield fell 1.1 bp to 2.692%. The 10-year UK gilt yield fell -0.8 bp to 4.537%.
The German Nov IFO business climate unexpectedly fell -0.4 to 88.1, weaker than expectations of an increase to 88.5.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Chip makers and AI-infrastructure stocks rallied sharply on Monday, providing support to the broader market. Broadcom (AVGO) closed up more than +11% to lead gainers in the S&P 500 and Nasdaq 100. Also, Western Digital (WDC) and Micron Technology (MU) closed up more than +8%, and Marvel Technology (MRVL) closed up more than +7%. In addition, Lam Research (LRCX) and Advanced Micro Devices (AMD) closed up more than +6%, and KLA Corp (KLAC) closed up more than +4%. Finally, Intel (INTC) and Applied Materials (AMAT) closed up more than +3%, and ASML Holding NV (ASML) and ARM Holdings Plc (ARM) closed up more than +2%.
The Magnificent Seven Technology stocks rallied on Monday, a supportive factor for the overall market. Tesla (TSLA) and Alphabet (GOOGL) closed up more than +6%. Also, Meta Platforms (META) closed up more than +3%, and Amazon.com (AMZN) and Nvidia (NVDA) closed up more than +2%. In addition, Apple (AAPL) closed up more than +1% and Microsoft (MSFT) closed up +0.40%.
Healthcare insurers and providers are moved higher on Monday after Politico reported the Trump administration is preparing a two-year health insurance premium tax credit extension. Oscar Health (OSCR) closed up more than +23% and Centene (CNC) closed up more than +5%. Also, Molina Healthcare (MOH) and Elevance Health (ELV) closed up more than +2%.
Cruise line operators retreated on Monday, led by a -6% decline in Carnival (CCL) after management struck a cautious tone about near-term demand, citing US macroeconomic uncertainty and elevated Caribbean capacity growth. Also, Royal Caribbean Cruises Ltd (RCL) closed down more than -3% and Norwegian Cruise Line Holdings (NCLH) closed down more than -2%.
Defensive food producers were under pressure on Monday amid a broader market rally. Campbell’s Company (CPB) closed down more than -3% and General Mills (GIS) closed down more than -2%. Also, J M Smucker (SJM), Mondelez International (MDLZ), and McCormick & Co (MKC) closed down more than -1%.
Inspire Medical Systems (INSP) closed up more than +30% after Nephron Research LLC upgraded the stock to buy from hold with a price target of $145.
Lumentum (LITE) closed up more than +17% after Needham & Co. raised its price target on the stock to $290 from $235.
Carvana (CVNA) closed up more than +6% after Wedbush Securities upgraded the stock to outperform from neutral with a price target of $400.
Bristol-Myers Squibb (BMY) closed up more than +3% after peer developer, Bayer AG, said an experimental stroke-prevention drug showed positive results in a late-stage study.
Merck & Co. (MRK) closed up more than +2% to lead gainers in the Dow Jones Industrials after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $125.
Copart (CPRT) closed down more than -4% to lead losers in the Nasdaq 100 after JPMorgan Chase cut its price target on the stock to $45 from $50.
Frontline Plc (FRO) closed down more than -3% after Clarksons Securities downgraded the stock to neutral from buy.
Performance Food Group (PFGC) closed down more than -2% after US Foods said it is no longer pursuing a merger with the company.
Earnings Reports(11/25/2025)
Analog Devices Inc (ADI), Autodesk Inc (ADSK), Best Buy Co Inc (BBY), Burlington Stores Inc (BURL), Dell Technologies Inc (DELL), Dick's Sporting Goods Inc (DKS), HP Inc (HPQ), J M Smucker Co/The (SJM), NetApp Inc (NTAP), Nutanix Inc (NTNX), Workday Inc (WDAY), Zscaler Inc (ZS).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Finish Sharply Higher as Tech Stocks Soar

The S&P 500 Index ($SPX) (SPY) today is up by +1.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +2.01%. December E-mini S&P futures (ESZ25) are up +1.28%, and December E-mini Nasdaq futures (NQZ25) are up +2.05%.
US stock indexes are moving sharply higher today on strength in technology stocks and rising expectations for a December Fed interest rate cut. Semiconductor and AI-infrastructure stocks are adding to last Friday’s rebound after the sectors retreated on concerns over lofty valuations and whether heavy investment in artificial intelligence will boost profitability. Also, the strength of the Magnificent Seven technology stocks is another supportive factor for the overall market.
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T-note yields are moving lower today, providing support to stocks, after Fed Governor Christopher Waller said he's advocating for a December rate cut by the Fed due to concerns about the labor market, and then taking a meeting-by-meeting approach starting in January. The 10-year T-note yield is down -1 bp to 4.05%.
The Bureau of Labor Statistics (BLS) canceled its October consumer price report last Friday and said the November report will be released on December 18. Last Wednesday, the BLS said it would not publish an October employment report and noted that it would incorporate those payroll figures into the November report, scheduled for publication on December 16.
The markets will look to this week’s economic news for direction. On Tuesday, Sep retail sales are expected to climb +0.4% m/m and +0.3% m/m ex-autos. Also, Sep PPI is expected to remain unchanged from Aug at +2.6% y/y, and Sep core PPI is expected to ease to +2.7% y/y from +2.8% y/y in Aug. In addition, The Conference Board’s Nov consumer confidence index is expected to fall by 1.2 points to 93.4. Finally, on Tuesday, Oct pending home sales are expected to climb +0.1% m/m. Wednesday brings weekly initial unemployment claims (expected +6,000 to 226,000), Sep capital goods new orders nondefense ex-aircraft and parts (expected +0.3% m/m), the Nov MNI Chicago PMI (expected +0.2 to 44.0), and the Fed Beige Book.
The markets are discounting a 72% chance of another -25 bp rate cut at the next FOMC meeting on December 9-10.
Q3 corporate earnings season is drawing to a close as 466 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are higher today. The Euro Stoxx 50 is up +0.65%. China’s Shanghai Composite recovered from a 6-week low and closed up +0.05%. Japan’s Nikkei Stock 225 did not trade as Japanese markets closed for the Labor Thanksgiving Day holiday.
Interest Rates
December 10-year T-notes (ZNZ5) today are up by +2 ticks. The 10-year T-note yield is down -2.1 bp to 4.042%. T-notes are slightly higher today after Fed Governor Christopher Waller said he's advocating for a December rate cut by the Fed due to concerns about the labor market, which boosted the chances of a Fed rate cut at the December 9-10 FOMC meeting to 72% from 30% last Thursday. Today's strength in stocks has curbed safe-haven demand for T-notes. Supply pressures are also limiting gains in T-notes as the Treasury will auction $211 billion in T-notes and floating-rate notes this week, beginning with today’s $69 billion auction of 2-year T-notes.
European government bond yields are moving lower today. The 10-year German bund yield is down -0.2 bp to 2.701%. The 10-year UK gilt yield is down -0.5 bp to 4.541%.
The German Nov IFO business climate unexpectedly fell -0.4 to 88.1, weaker than expectations of an increase to 88.5.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Chip makers and AI-infrastructure stocks are moving higher today, providing support to the broader market. Broadcom (AVGO) is up more than +8% to lead gainers in the Nasdaq 100, and Western Digital (WDC) is up more than +8%. Also, Micron Technology (MU) is up more than +6%, and Lam Research (LRCX) is up more than +5%. In addition, Advanced Micro Devices (AMD) and Marvel Technology (MRVL) are up more than +4%, and KLA Corp (KLAC) and Intel (INTC) are up more than +3%. Finally, Applied Materials (AMAT), ASML Holding NV (ASML), and ARM Holdings Plc (ARM) are up more than +2%.
The Magnificent Seven Technology stocks are climbing today, a supportive factor for the overall market. Tesla (TSLA) is up more than +6% and Alphabet (GOOGL) is up more than +4%. Also, Meta Platforms (META) is up more than +3%, Amazon.com (AMZN) is up more than +2%, and Apple (AAPL) and Nvidia (NVDA) are up more than +1%. In addition, Microsoft (MSFT) is up +0.53%.
Healthcare insurers and providers are moving higher today after Politico reported the Trump administration is preparing a two-year health insurance premium tax credit extension. Oscar Health (OSCR) is up more than+21% and Centene (CNC) is up more than +7%. Also, Molina Healthcare (MOH) is up more than +3% and Elevance Health (ELV) is up more than +2%.
Defensive food producers are under pressure today amid a rally in the broader market. Campbell’s Company (CPB) and General Mills (GIS) are down more than -2%. Also, J M Smucker (SJM), Mondelez International (MDLZ), and McCormick & Co (MKC) are down more than -1%.
Inspire Medical Systems (INSP) is up more than +28% after Nephron Research LLC upgraded the stock to buy from hold with a price target of $145.
Lumentum (LITE) is up more than +11% after Needham & Co. raised its price target on the stock to $290 from $235.
Carvana (CVNA) is up more than +7% after Wedbush Securities upgraded the stock to outperform from neutral with a price target of $400.
Bristol-Myers Squibb (BMY) is up more than +4% after peer developer, Bayer AG, said an experimental stroke-prevention drug showed positive results in a late-stage study.
Merck & Co. (MRK) is up more than +3% to lead gainers in the Dow Jones Industrials after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $125.
Biogen (BIIB) is up more than +3% after rival Novo Nordisk said the pill version of its Ozempic failed to slow the progression of Alzheimer’s disease in two late-stage studies.
Frontline Plc (FRO) is down more than -5% after Clarksons Securities downgraded the stock to neutral from buy.
PureCycle Technologies (PCT) is down more than -5% after TD Cowen downgraded the stock to hold from buy.
Performance Food Group (PFGC) is down more than -2% after US Foods said it is no longer pursuing a merger with the company.
Earnings Reports(11/24/2025)
Agilent Technologies Inc (A), Amentum Holdings Inc (AMTM), Keysight Technologies Inc (KEYS), Woodward Inc (WWD), Zoom Communications Inc (ZM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Climb as Technology Shares Rebound

Fintel reports that on November 21, 2025, Piper Sandler maintained coverage of Mondelez International (NasdaqGS:MDLZ) with a Neutral recommendation.
Analyst Price Forecast Suggests 25.76% Upside
As of November 16, 2025, the average one-year price target for Mondelez International is $70.11/share. The forecasts range from a low of $62.12 to a high of $88.20. The average price target represents an increase of 25.76% from its latest reported closing price of $55.75 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mondelez International is 34,263MM, a decrease of 8.98%. The projected annual non-GAAP EPS is 3.54.
What is the Fund Sentiment?
There are 2,955 funds or institutions reporting positions in Mondelez International. This is an decrease of 77 owner(s) or 2.54% in the last quarter. Average portfolio weight of all funds dedicated to MDLZ is 0.29%, an increase of 6.46%. Total shares owned by institutions decreased in the last three months by 0.67% to 1,321,233K shares. The put/call ratio of MDLZ is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 78,561K shares representing 6.09% ownership of the company. In its prior filing, the firm reported owning 71,602K shares , representing an increase of 8.86%. The firm decreased its portfolio allocation in MDLZ by 4.74% over the last quarter.
Jpmorgan Chase holds 69,588K shares representing 5.39% ownership of the company. In its prior filing, the firm reported owning 59,450K shares , representing an increase of 14.57%. The firm decreased its portfolio allocation in MDLZ by 89.51% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 41,616K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 40,869K shares , representing an increase of 1.80%. The firm decreased its portfolio allocation in MDLZ by 9.70% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 36,756K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 35,940K shares , representing an increase of 2.22%. The firm decreased its portfolio allocation in MDLZ by 9.69% over the last quarter.
Price T Rowe Associates holds 33,373K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 29,780K shares , representing an increase of 10.77%. The firm decreased its portfolio allocation in MDLZ by 50.39% over the last quarter.
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Piper Sandler Maintains Mondelez International (MDLZ) Neutral Recommendation

In this podcast, Motley Fool contributors Tyler Crowe, Lou Whiteman, and Rachel Warren discuss:
Kimberly-Clark's deal to acquire Kenvue.
Portfolio shake-ups in consumer brands.
Jerome Powell's comments on AI bubbles.
What AI businesses are thriving versus spinning their wheels.
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A full transcript is below.
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This podcast was recorded on Nov.05, 2025.
Tyler Crowe: Big brands are making moves, but are they the right ones? This is Motley Fool Money. Welcome to Motley Fool Money. I'm Tyler Crowe, and today I'm joined by longtime Fool contributors Lou Whiteman and Rachel Warren. Now, it's November 5th, but I think it's Groundhog Day for me because I think today's show is going to sound a lot like the last time that I spoke with both of you on this Wednesday show. We're going to talk about whether M&A activity in consumer goods is a sign of strength or desperation. But first, we're going to get into the bubble talk again because that's what seems to be on everybody's mind. Last week, at a Federal Reserve policy meeting, Chairman Jerome Powell was asked about the frothiness of the AI market and trying to give him a chance to talk about the comparisons to the dot-com bubble. He said this, and I'm going to quote it specifically. He says, "This is different in the sense that these companies, the companies that are so highly valued, actually have earnings and stuff like that". Now, I'm not going to get into Powell's future as a CNBC talking head after that quote, but it does sort of echo a lot of statements we've heard from prominent tech folks, Jeff Bezos and Sam Altman, have more or less said, Yeah, but it's worth it. We've seen some abrupt market reactions during earnings this past week, like Meta's 17% slide since earnings after mentioning ambitious capital plans. I'm going to pose the question to both of you and Lou. I'm going to ask you to go first. Has your opinion on AI market frothiness basically since the last time we did this show?
Lou Whiteman: I mean, with all respect to the chairman, they do have earnings and stuff, and we love stuff, so it's good they have stuff. Yes, I do think that makes this different than 1999, when a lot of the companies they didn't have stuff. They had swag that they gave out, but not earnings and stuff. But at the end of the day, all of these earnings, all of this cash is being reinvested into AI, so at least it's something to watch. It's great to have earnings, but if you're blowing it all on something that doesn't work out, you still end up in a pretty tough place. The question is, are they blowing it on something that doesn't work out? I don't think anyone knows. AI is a real thing. I think that there is value there, but is there value that can generate, I don't know, a trillion dollars worth of revenue or whatever they're putting into the investment? Is there the value that can eventually recoup all of this investment? I don't think any of us really know how this all plays out for them in terms of how this investment will impact their bottom line. Yes, it's different this time, but that doesn't mean that things can't go wrong.
Rachel Warren: This was interesting. Powell very explicitly pushed back on the direct comparison to the dot-com bubble, and he also really emphasized that AI investments are, as he put it, fueling a genuine engine of US growth. This concept of hundreds of billions of dollars, eventually trillions, being poured into data centers, semiconductors, there's real economic activity there. I think that's fair. I think there's some other points to underscore, as well. A lot of the frothiness that we are seeing in the markets it is being led by very profitable, established companies. Think the NVIDIAs, Microsoft, Alphabet. They are generating substantial AI-related revenue. if you go back to the dot-com bubble days, many companies were pre-profit. They had no revenue. They were valued based on these eyeball metrics or website traffic rather than cash flow. That's very different than a lot of the companies we're talking about today that are driving these movements in the market. I do think it's very, very different than the landscape that companies were operating in two plus decades ago. One thing as an example, AI infrastructure, GPUs, data centers are being deployed and utilized immediately, intensively, because there's genuine immediate demand there. This isn't the days of overinvestment in infrastructure, think back to the dot-com bubble, fiber optic cables that went unused for years. It's just a completely different paradigm. I will say valuations are high. I do think there is a speculative element to what we're seeing. But I think the speculation is more about the magnitude and speed of the anticipated returns on these investments, not so much whether or not the business models exist themselves. I think there's a lot of really intriguing businesses at play in the AI space right now.
Tyler Crowe: When you were saying they don't have stuff like the 1990s, all I can think of is like an old Simpsons episode where basically certificates of stock were being used as toilet paper in an episode, and that's all I can seem to think of when I think of the nineties dot-com boom. Not to put blue on fold that with stuff, though. It was stuff. It just wasn't what they were hoping. Lou, I'm sorry. I'm going to put you on full blast here because you might have a little bit more experience of investing around that time than perhaps Rachel and I did. Comparing to that time, what do you say to this being a bubble?
Lou Whiteman: A couple of things to think of, for one, no matter how you want to write the history of the late '90s, the bottom line was that not all companies were created equal and that some did fine and some didn't the real lesson is whether we're in a bubble, whether or not it can all be justified is that there is almost no way that this works out storybook ending for everyone involved. There's almost no way that everyone just loses their shirt. I do think it's time to differentiate between companies. You mentioned Meta was down big this week, and I think Meta is a special case right now. I don't want to be Chicken Little and say, they're in trouble. But for Meta, the argument for all these guys have been they're funding all of this out of free cash flow. That's no longer a talking point for Meta. They are taking on billions of debt. they have moved past the Hey, they earn a lot of money. They spend a lot of money. It's something that they can handle. Debt is fine if used correctly, but it is just changing the calculus. The other thing that makes them special is that I don't know. We talked about this will all be wise or not wise based on their ability to monetize. I see how Microsoft monetizes this. I see how Alphabet monetizes it. I see how Amazon even monetizes it. Meta talks about how making their ads more efficient and things like that. That's not worth $1 trillion. I think their path to monetization is harder. I think the fact that they seem to be stretching themselves the thinnest, perhaps with some of this off-balance sheet work, and they are the one that it's hardest for me to see how they monetize. The combination there, I get why the market is being a little harder on them than they are for some of the others.
Tyler Crowe: I'll give the last question to Rachel here after this, we'll move on. Again, thinking of the idea of separating the hype ideas that we saw during the last dot-com bubble and the ones that frankly are starting to pop up now. Everyone today is mentioning something about driven by AI or utilizing AI. It's almost criminal these days to not have artificial intelligence in some SEC disclosure for a company. You could be hauling trash, and you have to use AI. But thinking about it in that way, how do you separate, like what is just SEC disclosure fluff and real fundamental drivers for businesses with AI?
Rachel Warren: You think about these real companies are already generating or have a clear line to generating solid revenue streams tied directly to their AI solutions. It's not just speculation. I think that's where we've talked about this on the show before, in this day and age, and I anticipate this will change, particularly over the next 5-10 years. But if you're investing in the public markets, a lot of the really compelling investment opportunities for AI are in these big tech companies. That's really the funnel as a retail investor to gain a slice of the action, if you will, of what's happening in AI. That will change. I think we'll see some of these newer entrants to the market that become publicly traded as the markets relax a bit. That will also then provide an opportunity to see, OK, are there businesses here that really warrant an investment, as a long-term buy-and-hold investor? Or is there hype there? But looking again, for those traditional financial metrics whether it's cash flow, consistent earnings, or a manageable debt level that's really key. One final thing I'll note is genuine AI innovators, they often build a moat, if you will, by gathering very proprietary, high-quality data that constantly improves their systems. Of course, you think of names like Alphabet and Amazon here. You can also think of healthcare companies, that are wading into the AI revolution, like Eli Lilly and Johnson & Johnson they're leveraging these vast amounts of proprietary data and training models to accelerate drug discovery and improve clinical trials and other key endpoints there. There's a lot of exciting things happening. I think the investability of it is really just in the very early stages at this point.
Tyler Crowe: Well, speaking of companies that probably could use a little AI juice to help them out, we're going to talk about consumer brands coming up after the break. Now, I don't think consumer staples investors will be bouncing their grand kids on their laps, talking about the past few years. The three-year performance for the consumer Staples SPDR ETF has underperformed the S&P 500, 15%-82%. Nobody's talking about that. It's not a great number. Now, I bring this up because there's been a lot of corporate deals picking up in the consumer staples space. Earlier this week, we saw Kimberly Clark acquire Kenvue for $40 billion and change. Kraft Heinz is splitting itself in two. PepsiCo has opened up the checkbook quite a bit lately with several smaller acquisitions, but the total adds up over time. Unilever is IPOing its ice cream business. Private equity is circling Nestle. Mondelez has tried to acquire Hershey. The stories go on. Now, I say this because the list is expensive, and the question I have, and I'll start with you, Rachel, is whether this under performance in corporate and these corporate shakeups that we're seeing in the consumer space, is it just the market cycles that we see in every day or these desperate moves from an industry that's facing a lot of challenges?
Rachel Warren: I think the industry is facing a lot of challenges, and I think it's also very much a trend of consolidation that we've seen for a while now. There's a couple key points here. There was a study that came out from Boston Consulting Group that found that global M&A activity increased by about 10% in the first nine months of 2025 compared to the same period last year. Now, in the second quarter of this year, according to a separate KPMG report, the consumer sub sector saw roughly 175-year-over-year increase in deal value. Bear in mind, we are very much not even close to a time where M&A activity is heating up like it was in the 2021 era. We are seeing more activity in certain sectors, the consumer space being one of them. I think some of these deals could be taken on their own merits. You know, Kimberly Clark, for example, that pending acquisition of Kenvue, that's going to create a combined entity that they think is going to bring in about 32 billion in annual revenue. Kimberly Clark, they've lagged behind rivals like Procter & Gamble. They're hoping this will help them become a leading consumer company, particularly in the higher-margin consumer healthcare space. Bear in mind, Johnson & Johnson spun off its consumer business into Kenvue just a few years ago, and this was one of the oldest and slowest-growing segments. I think that's a perfect example of a company that really makes sense as part of a larger consumer goods or multinational conglomerate, rather than as a stand-alone. But there's a lot of consolidation happening in the space right now. You think back to Mars, they're nearly $40 billion acquisition of Kellogg, which was the snacking spinoff from Kellogg. Ferraro's $3.1 billion acquisition of WK Kellogg. A lot of this is consolidation. A couple more examples. Foot Locker, they got acquired by DICK'S Sporting Goods. Sketchers was acquired by 3G Capital. I think we're going to continue to see these movements in the space. I don't think this is a one-off, and I would expect that a lot of consolidation could still lie ahead.
Tyler Crowe: There's a lot going on and a lot of activity. Like you said, this is really navigating a lot of different angles. After the break, we're going to put the real rubber to the road on a lot of these deals and figure out which ones are actually going to work. We covered a lot of different deals in the previous segment, Lou, and I really want to get to your thoughts on this on how it all comes together and whether some of these deals are going to work. Like you said, some of these assets are being hot potatoed from company to company, and M&A isn't always the best way to grow. Looking across that spectrum that we just talked about, what do you see working out of any of this?
Lou Whiteman: It's funny. I love that you started with Kraft Heinz, because Kraft Heinz is what I keep thinking of when I see this Kenvue deal. Kraft Heinz, I think we can say it now, almost universally agreed as a failed merger attempt. That's why they're breaking up. It just hasn't worked out. Again, I look at the Kimberly Clark deal, and I worry about the outcome. Here is sort of, for me, the big overall theory of what's going on. The middle in retail has just been totally hollowed out. Consumers are still willing to pay for red hot brands, celebrity endorsements, something with Bieber on it, whatever it is. We love to pay up for that. We will still pay a premium for some things, on holding shoes, too. There are some things that we will pay just through the roof for. But we also really like the commodity, just the store brands. that middle ground. That middle ground, which makes up a lot of Kraft Heinz's portfolio, and a lot of Kimberly Clark's portfolio, and a lot of Kenvue's portfolio, that is what is suffered. Look, do we really care about Kleenex and Band-Aid anymore? That doesn't resonate to consumers when the Kroger brand or the Walmart brand is a few dollars cheaper? Glass half full here, the only answer is scale. The only way to do this is to do it just with great efficiency. Kimberly Clark, buying Kenvue, all of these deals, consolidate, grab scale. It gives yourself a chance. But if you look at the Kimberly Clark deal, it's glass-half-empty, they're just adding a whole new portfolio of question marks to an already pretty big existing portfolio of question marks. I'm not sure how a whole bunch of question marks really turns into a winning investment, unfortunately.
Tyler Crowe: I'm going to put this both to you at the end here, and you can be very quick about it. But of the M&A activity or the deals that we've been talking about in this space, and a lot of the ones that Rachel covered earlier, which of those ones do you think is actually going to work?
Rachel Warren: I tend to think Kimberly Clark's acquisition of Kenvue makes sense. I understand why Johnson & Johnson spun that one off. It was dragging on their business. They really wanted to focus on the pharmaceutical side. I think it makes a lot more sense as part of a bigger organization like Kimberly Clark. Certainly one to watch, though. But I think it makes sense as part of the overall organization.
Lou Whiteman: One she mentioned that I think is different from all of these, I do like DICK'S deal for Foot Locker. I think that makes sense for different reasons from what we're talking about. That's the one I would pick.
Tyler Crowe: As the host, I get to punt and not give an answer. I don't know if I'm terribly excited for any of them. With that, that's going to be the end of our show. Tune in tomorrow, where I'll be hosting along with Matt Frankel and John Quass, we'll be going over software earnings, stocks on radar, and a bunch of other stuff. As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against. Don't buy or sell stocks based solely on what you hear. All personal finance content follows Motley Fool editorial standards and is not approved by advertisers. Advertisements are sponsored content and provided for informational purposes only. To see our full advertising disclosure, please check out our shows. For Lou Whiteman and Rachel Warren, our production leader, Dan Boyd and the entire Motley Fool team. I'm Tyler Crowe. Thanks for listening, and we'll chat again soon. Thanks.
Lou Whiteman has positions in Walmart. Rachel Warren has positions in Alphabet, Amazon, and Johnson & Johnson. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Kenvue, Meta Platforms, Microsoft, Nvidia, and Walmart. The Motley Fool recommends Johnson & Johnson, Kraft Heinz, and Nestlé and recommends the following options: long January 2026 $13 calls on Kenvue, long January 2026 $395 calls on Microsoft, and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Consumer Brands Shake Things Up...With Mergers

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Mondelez International Inc (Symbol: MDLZ) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Mondelez International Inc an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of MDLZ entered into oversold territory, changing hands as low as $56.54 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Mondelez International Inc, the RSI reading has hit 29.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 44.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, MDLZ's recent annualized dividend of 2/share (currently paid in quarterly installments) works out to an annual yield of 3.48% based upon the recent $57.46 share price.
A bullish investor could look at MDLZ's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on MDLZ is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
FNGR YTD Return
NFE market cap history
RS shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.