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Tag: Food Products

  • Tyson recalls 93,000 pounds of beef contaminated with a ‘mirror-like material’

    Tyson recalls 93,000 pounds of beef contaminated with a ‘mirror-like material’

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    Tyson Fresh Meats, a division of Tyson Foods Inc.
    TSN,
    +0.20%
    ,
    is recalling 93,697 pounds of ground beef over a possible contamination with a “mirror-like material.”

    According to the U.S. Department of Agriculture’s Food Safety and Inspection Service, the ground beef items were packaged on Nov. 2, and the issue was discovered after several customers found this mirror-like material in their meat after purchasing it from a grocery store.

    The products part of the Tyson recall are as follows:

    • 10-pound chubs containing “Hill Country fare ground beef 73% lean/27% fat with best before or freeze by: Nov. 25, 2022.”

    • 5-pound chubs containing “Hill Country fare ground beef 73% lean/27% fat with best before or freeze by: Nov. 25, 2022.”

    • 5-pound chubs containing “H-E-B ground chuck ground beef 80% lean/20% fat.”

    The USDA advises individuals who purchased these items to throw them away or return them to the place of purchase immediately. The impacted products were sold in retail grocery stores in Texas.

    The specific labels for the ground beef that Tyson is recalling can be found here.

    See: Flying with Thanksgiving food? TSA dishes up rules for traveling with foodstuffs this holiday season

    It’s been a tough time for meat lovers: Last week, the CDC warned that many people should “not eat meat or cheese from any deli counter” unless it was “steaming hot” due to a listeria outbreak.

    But there could be some more meat alternatives on the horizon.

    The Tyson recall news came as the Food and Drug Administration (FDA) announced on Thursday that meat grown in a laboratory setting is safe for human consumption.

    “Advancements in cell culture technology are enabling food developers to use animal cells obtained from livestock, poultry, and seafood in the production of food, with these products expected to be ready for the U.S. market in the near future.,” the FDA said. To be clear, such products are not yet on the U.S. market, but they have now received this preliminary vote of regulatory confidence.

    And earlier this week, the CFO of Tyson Foods apologized to investors during a company earnings call over his arrest early on the morning of Nov. 6 after being found sleeping in a house that wasn’t his. 

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  • Gallagher, watermelon-smashing comedian, dead at 76 | CNN

    Gallagher, watermelon-smashing comedian, dead at 76 | CNN

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    CNN
     — 

    Comedian Gallagher, best known for his watermelon-smashing comedy routine and many popular specials in the 1980s, died Friday morning, according his manager Craig Marquardo. He was 76.

    According to a statement provided to CNN by Marquardo, the comedian died “after a short health battle” and “passed away surrounded by his family in Palm Springs, California.”

    Gallagher, born Leo Gallagher, became a household name in the early ’80s with a comedy special titled “An Uncensored Evening,” the first comedy stand up special ever to air on cable television, according to an obituary shared by Marquardo.

    Gallagher’s most famous bit involved a hand-made sledgehammer he called the “Sledge-O-Matic,” which he would use to smash food on stage, spraying the audience.

    “That was something else he liked to claim credit for, which was physically engaging the audience in that manner,” the obituary said.

    Gallagher, a Fort Bragg, North Carolina native, earned a chemical engineering degree from the University of South Florida before moving to Los Angeles and developing his comedy act at legendary venue The Comedy Store, located on the Sunset Strip, according to his biography on the website for Selak Entertainment, a booking agency.

    People began to take notice in 1975 when he performed his brand of prop comedy on Johnny Carson’s famed “The Tonight Show.”

    TV was good to him and in 1978, he made an appearance on “The Mike Douglas Show” and the next year appeared on “The Merv Griffin Show.”

    But it was his Showtime 1980s comedy specials that firmly cemented him in pop culture, and he would go on to do more than a dozen for the network over 27 years.

    He was also an early staple of MTV and Comedy Central.

    “While his counterparts went on to do sitcoms, host talk shows and star in movies, Gallagher stayed on the road touring America for decades,” the obituary said. “He was pretty sure he held a record for the most stand up dates, by attrition alone.”

    Gallagher toured steadily until the Covid-19 pandemic hit and used the break to spend time with his son, Barnaby, and daughter Aimee, the latter of whom had appeared with him on his specials when she was a child.

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  • Founder of beloved Malaysian noodle snack Mamee dies at 92 | CNN Business

    Founder of beloved Malaysian noodle snack Mamee dies at 92 | CNN Business

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    Hong Kong
    CNN Business
     — 

    The founder of Mamee Monster, the iconic Southeast Asian noodle snack brand, has died, the company confirmed Tuesday.

    Mamee-Double Decker Group, a Malaysian food manufacturer, told CNN Business that Pang Chin Hin died on Saturday at the age of 92. Local media had given his age as 96, reflecting a traditional Chinese way of calculating age.

    “Without [him] many of our childhoods would be very different,” Group CEO Pierre Pang Hee Ta, Pang’s grandson, told CNN Business in a statement. “He is truly a legend, we have our utmost respect for him, and we are grateful for what he has done and will now continue his legacy.”

    Pang leaves behind a beloved brand that has become a pantry staple for consumers across the region. Mamee is best known for its colorful packets of crunchy, dry instant noodles, which are typically sold with savory powdered flavoring. Some have likened the image of a furry blue cartoon character on its packaging to Sesame Street’s Cookie Monster.

    Pang, a former used car dealer, founded the company in 1971, when he and a business partner set up an instant noodle factory in the Malaysian coastal state of Malacca.

    The company started off making traditional instant noodles, with packs of vermicelli sold under a brand called Lucky.

    About three years later, Pang’s son noticed laborers who worked as rubber tappers “eating uncooked instant noodles straight from the pack,” according to a company biography posted on its website. The family then decided to branch out into a new category: selling noodles as dried snacks.

    The Mamee line now has various powdered flavors, ranging from barbecue to chicken to black pepper. The company says the name of the snacks, which are popular with children, is a play on the word “Mummy.” The group sells its products in 86 countries.

    Today, the company’s product range has expanded to include a variety of snacks and beverages, including Double Decker crackers, Mister Potato chips and Boom+ vitamin drinks.

    In an interview this year, Pang’s grandson said that while Mamee was its most recognizable brand, Mister Potato crisps were its biggest moneymaker.

    Pierre Pang told Malaysian publication The Edge in March that the launch of those potato chips was “the single most important decision in our history, as the brand contributes more than 70% of our revenue and is exported to 18 markets.”

    He added that his father and grandfather, the now late Pang, were receptive to new ideas and supportive of his vision to grow the company in new directions.

    “I’m so fortunate that they are so open,” he said. “We are the product of two great, forward-thinking generations.”

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  • 20 dividend stocks that may be safest if the Federal Reserve causes a recession

    20 dividend stocks that may be safest if the Federal Reserve causes a recession

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    Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions.

    But it’s too early to get excited, because the Federal Reserve hasn’t given any sign yet that it is about to stop raising interest rates at the fastest pace in decades.

    Below is a list of dividend stocks that have had low price volatility over the past 12 months, culled from three large exchange traded funds that screen for high yields and quality in different ways.

    In a year when the S&P 500
    SPX,
    -0.40%

    is down 18%, the three ETFs have widely outperformed, with the best of the group falling only 1%.

    Read: GDP looked great for the U.S. economy, but it really wasn’t

    That said, last week was a very good one for U.S. stocks, with the S&P 500 returning 4% and the Dow Jones Industrial Average
    DJIA,
    -0.32%

    having its best October ever.

    This week, investors’ eyes turn back to the Federal Reserve. Following a two-day policy meeting, the Federal Open Market Committee is expected to make its fourth consecutive increase of 0.75% to the federal funds rate on Wednesday.

    The inverted yield curve, with yields on two-year U.S. Treasury notes
    TMUBMUSD02Y,
    4.540%

    exceeding yields on 10-year notes
    TMUBMUSD10Y,
    4.064%
    ,
    indicates investors in the bond market expect a recession. Meanwhile, this has been a difficult earnings season for many companies and analysts have reacted by lowering their earnings estimates.

    The weighted rolling consensus 12-month earning estimate for the S&P 500, based on estimates of analysts polled by FactSet, has declined 2% over the past month to $230.60. In a healthy economy, investors expect this number to rise every quarter, at least slightly.

    Low-volatility stocks are working in 2022

    Take a look at this chart, showing year-to-date total returns for the three ETFs against the S&P 500 through October:


    FactSet

    The three dividend-stock ETFs take different approaches:

    • The $40.6 billion Schwab U.S. Dividend Equity ETF
      SCHD,
      +0.15%

      tracks the Dow Jones U.S. Dividend 100 Indexed quarterly. This approach incorporates 10-year screens for cash flow, debt, return on equity and dividend growth for quality and safety. It excludes real estate investment trusts (REITs). The ETF’s 30-day SEC yield was 3.79% as of Sept. 30.

    • The iShares Select Dividend ETF
      DVY,
      +0.45%

      has $21.7 billion in assets. It tracks the Dow Jones U.S. Select Dividend Index, which is weighted by dividend yield and “skews toward smaller firms paying consistent dividends,” according to FactSet. It holds about 100 stocks, includes REITs and looks back five years for dividend growth and payout ratios. The ETF’s 30-day yield was 4.07% as of Sept. 30.

    • The SPDR Portfolio S&P 500 High Dividend ETF
      SPYD,
      +0.60%

      has $7.8 billion in assets and holds 80 stocks, taking an equal-weighted approach to investing in the top-yielding stocks among the S&P 500. It’s 30-day yield was 4.07% as of Sept. 30.

    All three ETFs have fared well this year relative to the S&P 500. The funds’ beta — a measure of price volatility against that of the S&P 500 (in this case) — have ranged this year from 0.75 to 0.76, according to FactSet. A beta of 1 would indicate volatility matching that of the index, while a beta above 1 would indicate higher volatility.

    Now look at this five-year total return chart showing the three ETFs against the S&P 500 over the past five years:


    FactSet

    The Schwab U.S. Dividend Equity ETF ranks highest for five-year total return with dividends reinvested — it is the only one of the three to beat the index for this period.

    Screening for the least volatile dividend stocks

    Together, the three ETFs hold 194 stocks. Here are the 20 with the lowest 12-month beta. The list is sorted by beta, ascending, and dividend yields range from 2.45% to 8.13%:

    Company

    Ticker

    12-month beta

    Dividend yield

    2022 total return

    Newmont Corp.

    NEM,
    -0.78%
    0.17

    5.20%

    -30%

    Verizon Communications Inc.

    VZ,
    -0.07%
    0.22

    6.98%

    -24%

    General Mills Inc.

    GIS,
    -1.47%
    0.27

    2.65%

    25%

    Kellogg Co.

    K,
    -0.93%
    0.27

    3.07%

    22%

    Merck & Co. Inc.

    MRK,
    -1.73%
    0.29

    2.73%

    35%

    Kraft Heinz Co.

    KHC,
    -0.56%
    0.35

    4.16%

    11%

    City Holding Co.

    CHCO,
    -1.45%
    0.38

    2.58%

    27%

    CVB Financial Corp.

    CVBF,
    -1.24%
    0.38

    2.79%

    37%

    First Horizon Corp.

    FHN,
    -0.18%
    0.39

    2.45%

    53%

    Avista Corp.

    AVA,
    -7.82%
    0.41

    4.29%

    0%

    NorthWestern Corp.

    NWE,
    -0.21%
    0.42

    4.77%

    -4%

    Altria Group Inc

    MO,
    -0.18%
    0.43

    8.13%

    4%

    Northwest Bancshares Inc.

    NWBI,
    +0.10%
    0.45

    5.31%

    11%

    AT&T Inc.

    T,
    +0.63%
    0.47

    6.09%

    5%

    Flowers Foods Inc.

    FLO,
    -0.44%
    0.48

    3.07%

    7%

    Mercury General Corp.

    MCY,
    +0.07%
    0.48

    4.38%

    -43%

    Conagra Brands Inc.

    CAG,
    -0.82%
    0.48

    3.60%

    10%

    Amgen Inc.

    AMGN,
    +0.41%
    0.49

    2.87%

    23%

    Safety Insurance Group Inc.

    SAFT,
    -1.70%
    0.49

    4.14%

    5%

    Tyson Foods Inc. Class A

    TSN,
    -0.40%
    0.50

    2.69%

    -20%

    Source: FactSet

    Any list of stocks will have its dogs, but 16 of these 20 have outperformed the S&P 500 so far in 2022, and 14 have had positive total returns.

    You can click on the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information available free on the MarketWatch quote page.

    Don’t miss: Municipal bond yields are attractive now — here’s how to figure out if they are right for you

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  • Halloween spending expected to increase by $500 million — as candy prices soar at the highest rate on record

    Halloween spending expected to increase by $500 million — as candy prices soar at the highest rate on record

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    It’s going to be a big year for Halloween, despite millions of Americans feeling under financial pressure due to inflation.

    Total spending is expected to hit $10.6 billion, an increase of 5% or $500 million on last year, the National Retail Federation estimates. That’s up $2 billion or 20% on the $8.8 billion Halloween expenditure in 2019 before the COVID-19 pandemic. 

    Spending on costumes expect to reach $3.6 billion this year, the NRF survey finds, the highest since 2017. Adult costume spending could reach $1.7 billion this year, $200 million more than last year.

    More than half (57%) of Americans said that inflation did impact their Halloween spending, according to a separate LendingTree Halloween spending survey. In fact, nearly a quarter of this group said they were buying less candy.

    Inflation was 8.2% in September compared to last year, according to Bureau of Labor Statistics data. It was among the highest level in the past four decades.

    Candy and chewing gum rose 13.1% year-on-year in September, the highest increase on record, the BLS said. To put that in context: Candy and chewing gum increased 13% from December 1997 to December 2006.

    Candy and chewing gum rose 13.1% year-on-year in September, the highest increase on record.

    For those who haven’t started, the competition was already on. In July, Home Depot
    HD,
    +2.13%

    announced that its popular 12-foot skeleton was sold out, three months before the celebration. 

    A Home Depot spokesperson confirmed the initial sellout of the skeleton in summer, and said the company has been releasing more of these items periodically since then.

    Supply-chain disruptions could also complicate the competition. During Hershey’s
    HSY,
    +0.57%

    second-quarter earnings call in July, Chief Executive Officer Michele Buck said the candy manufacturer had to prioritize the everyday candy packaging over the Halloween ones. She said that decision was “critical to enable us to increase advertising and merchandising levels.”

    In an email to MarketWatch, however, a Hershey’s spokesperson said this decision was not a sign of shortage, adding that the brand had produced more candies for the season than they had in previous years, as Halloween demand remains high. 

    “Like every season over the past few years, sell-through at retail remains high with people purchasing candy, décor and other seasonal items earlier and more often. As a result, seasonally packaged candy may be more limited on the shelf as we get to the final week of the season. Fortunately, the same great brands in snack sizes are available to help fill trick-or-treat bags and buckets,” she said.  

    On average, Americans plan to spend between $100 and $169 on Halloween candy, décor, cards and costumes.

    On average, Americans plan to spend $100 on average for Halloween candy, décor, cards and costumes, the National Retail Federation said. LendingTree estimates that households will spend $169 this year, with six-figure salary earners and parents with young children planning to spend the most — $340 and $309 respectively.

    More than a third of the consumers surveyed admit they plan to spend more than they can afford this year. Generation Z — those aged 18 to 24 — and parents with younger children are the most likely to admit to overspending.

    “With the worst of the pandemic further in the rearview mirror, people are excited to get back to spending on the things they love most —, particularly the things they maybe couldn’t fully enjoy over the last few years,” LendingTree chief credit analyst Matt Schulz said.

    The most common reason for overspending: 44% of respondents said they spent more than they had expected, while 34% said they were making their children happy.

    The NRF concluded that 40% of people are shopping at discount stores this Halloween, 36% at specialty Halloween costume stores, and 31% online. Another 11% said they will shop at thrift stores and resale shops.

    “Social media is playing an increasingly important role in consumer behavior, and Halloween is no different,” Phil Rist, executive vice-president of strategy at Prosper Insights & Analytics, said. “Younger consumers, particularly those under the age of 25, will look to platforms like Instagram and TikTok for costume inspiration this year.”

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  • Texas Pete maker sued for crafting its hot sauce in — gasp — North Carolina

    Texas Pete maker sued for crafting its hot sauce in — gasp — North Carolina

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    Some Texas Pete customers are hot under the collar about where this sauce is actually cooked up. 

    A California man has filed a class action suit against the hot sauce maker, claiming it “capitalizes on consumers’ desire to partake in the culture and authentic cuisine of one of the most prideful states in America” with a name and label that plays up Texas — yet, the product is actually whipped up in Winston-Salem, N.C.

    Hey, at least it wasn’t made in New York City!

    The complaint filed by the Clarkson Law Firm on behalf of customer Philip White says that the dissatisfied customer bought a bottle of Texas Pete for about $3 at a Ralph’s Supermarket in September 2021, because he believed it was made in Texas. The suit claims that White would have passed over the bottle of Texas Pete if he knew it really came from North Carolina.

    But with a name like Texas Pete, as well as a label featuring “distinct Texan imagery” like the “lone star” from the Texas flag and a cowboy, the suit says that consumers like White looking for an authentic Texas hot sauce are being misled. 

    “Because there is nothing ’Texas’ about Texas Pete, [the company’s] deceptive marketing and labeling scheme violates well-established federal and state consumer protection laws aimed at preventing this exact type of fraudulent scheme,” the suit states. 

    Garner Foods told MarketWatch in a statement over email that, “We are aware of the current lawsuit that has been filed against our company regarding the Texas Pete brand name.  We are currently investigating these assertions with our legal counsel to find the clearest and most effective way to respond.”

    It should be noted that both the Texas Pete and T.W. Garner Food Co. websites point out that the hot sauce is made in North Carolina. What’s more, the back label on the hot sauce bottle also reveals that it is made in the Tar Heel State. 

    But the suit argues that “consumers do not view the back label of the products when purchasing everyday food items such as hot sauce.” The plaintiffs are asking for unspecified damages, as well as for Texas Pete to change its label and advertising practices. 

    This brings to mind an Illinois woman’s $5 million suit against Kellogg last year, claiming the company is misleading consumers by selling “Frosted Strawberry Pop-Tarts” that barely contain any strawberries. 

    Or when Starbucks faced backlash several years ago as more consumers started realizing their beloved pumpkin spice lattes didn’t actually contain any pumpkin. The coffee chain has since tweaked the recipe to squeeze in autumn’s signature gourd.

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  • U.S. stocks finish choppy session with losses, snap 2-day winning streak as investors assess positive economic data

    U.S. stocks finish choppy session with losses, snap 2-day winning streak as investors assess positive economic data

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    U.S. stock indexes ended modestly lower on Wednesday, despite briefly turning positive in the final hour of trading, while data showed steady growth in private-sector jobs and in the service sector, indicating more scope for the Federal Reserve to continue to raise interest rates.

    How stocks traded?
    • The Dow Jones Industrial Average
      DJIA,
      +0.03%

      lost 42.45 points, or 0.1%, to finish at 30,273.87

    • The S&P 500
      SPX,
      +0.21%

      was off 7.65 points, or 0.2%, ending at 3,783.28

    • The Nasdaq Composite
      COMP,
      +18.82%

      shed 27.77 points, or 0.2%, to end at 11,148.64

    On Tuesday, the Dow jumped 825 points, or 2.8%, while the S&P 500 increased 3.1% and the Nasdaq Composite rallied 3.3%.

    What drove markets?

    Wall Street stocks finished in the red after three main indexes bounced back from earlier losses in the final hour of trade, following a strong September private employment report in the morning.

    Data released Wednesday showed that private-sector payrolls rose by 208,000 in September, indicating steady growth and supporting the view that the Fed has enough scope to keep raising interest rates. Economists surveyed by The Wall Street Journal had expected a rise of 200,000.

    The report came two days before the closely watched nonfarm payrolls data issued by the Bureau of Labor Statistics. Investors are eying on it for important guidance on the Fed’s policy stance in the November meeting.

    Friday’s employment report is expected to show the economy added 275,000 jobs in September, compared with 315,000 new positions added in August, according to a survey polled by Dow Jones.

    See: Hiring and job creation seen falling to a 1 1/2-year low in U.S. September jobs report

    “That certainly could move the needle,” said Kristina Hooper, chief global market strategist at Invesco. “Again, it doesn’t mean that it actually is going to change the market, but it could be the catalyst for short term rally if we get a disappointing jobs report.”

    “But keep in mind, that’s just the anticipation of a Fed pivot based on data. But that does not ensure a Fed pivot. And so it could be one of those short-term rallies like the one we saw earlier this week,” Hooper said.

    In other data Wednesday, an ISM barometer of U.S. business conditions in the service sector dipped to 56.7% in September but still showed steady growth and rising employment in a sign the economy is still expanding.

    The U.S. trade deficit in August fell to $67.4 billion, the lowest level since mid 2021, paving the way for a resumption of growth in gross domestic product in the third quarter.

    See: Why investors shouldn’t expect a break from the stock-market whiplash, says this strategist

    The S&P 500 had just enjoyed its largest two day percentage gain since April 2020 on Monday and Tuesday, and the best start to a quarter since 1938, according to Dow Jones Market data.

    The bounce followed three quarters of declines, the worst such run since 2008, during which time the S&P 500 fell 24.8% to a near two-year trough as investors worried that the Federal Reserve’s interest rate hikes to crush inflation would harm the economy.

    Brian Mulberry, client portfolio manager at Zacks Investment Management, believes the volatility in the stocks will continue because markets are getting a very “consistent message” from the Fed.

    “Given what has happened over the last five trading sessions alone, we would be basically telling our clients to tighten your seatbelt a little bit because it’s definitely going to continue to be a bumpy ride,” Mulberry told MarketWatch in a phone interview on Wednesday. “If we get a ‘Goldilocks’ (jobs) report, that would mean decent economic activity is going on. That’s good for earnings overall in the market, but it’s not growing to a point where interest rates would have to be ratcheted up another 125 basis points by the end of the year.”

    See: The stock market is surging as the U.S. dollar retreats. It’s all about bonds.

    One major reason behind the rise early this week was the view that the Fed would pivot away from its aggressive monetary tightening.

    Johanna Chua, chief Asia economist at Citi, said that though U.S economic growth remained in better shape than other countries and Fed officials continued to sound hawkish, the market risked being wrongfooted by any signs that interest rates could soon peak.

    “Even as the overall fundamental setup has not changed… trimming of bearish risk/bearish rates/bullish USD positions has driven a sharp reversal,” Chua said.

    Mary Daly, president of the Federal Reserve Bank of San Francisco said Wednesday that the Federal Reserve needs to keep raising its benchmark interest rate in order to cool inflation that hit a 40-year high earlier this year and has shown little signs of cooling. Atlanta Fed President Raphael Bostic will speak at 4 p.m. Eastern.

    Meanwhile, the OPEC+ group said Wednesday that it will reduce its collective crude production levels by 2 million barrels a day starting next month, the biggest cut since the start of the pandemic. Oil futures headed higher with West Texas Intermediate crude for November delivery
    CL00,

     
    CLX22,

    rose $1.24, or 1.4%, to settle at $87.76 a barrel on the New York Mercantile Exchange.

    The S&P 500’s energy sector
    SP500.10,
    -0.07%

    rose 2.1% following the news, up 12.6% over the last three trading days. According to Dow Jones Market Data, it was the best three-day percentage gain since November 2020 when it gained 16.1%. Shares of Schlumberger 
    SLB,
    +0.77%

    gained 6.3% at the close, while Exxon Mobil
    XOM,
    +1.32%

    shares advanced 4%.

    Companies in focus
    • Shares of Helen of Troy Ltd. 
      HELE,
      -2.75%

      finished 3.4% higher Wednesday, after the consumer products company, with brands including OXO, Hydro Flask and Braun, reported fiscal second-quarter earnings that beat expectations but cut its full-year outlook, as rising inflation has prompted consumers to change their spending patterns.

    • Shares of Monopar Therapeutics Inc.
      MNPR,
      +6.36%

       gained 1.8% after the company said it completed enrollment in a Phase 2b clinical trial evaluating its experimental therapy aimed at preventing severe oral mucositis in patients undergoing chemoradiotherapy for oropharyngeal cancer.

    • Shares of Eiger BioPharmaceuticals Inc.
      EIGR,
      +0.85%

       tumbled 5% after the company said it will not pursue emergency authorization of its experimental treatment for mild and moderate COVID-19 infections.

    • Shares of Lamb Weston Holdings Inc.
      LW,
      +2.45%

       ended 4.2% higher Wednesday, after the potato supplier reported fiscal first-quarter profit that beat expectations, higher prices helped offset a volume decline.

    —Jamie Chisholm contributed reporting

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  • 21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023

    21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023

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    When the stock market has jumped two days in a row, as it has now, it is easy to become complacent.

    But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds. Stock investors aren’t out of the woods yet. That can make dividend stocks attractive if the yields are high and the companies produce more cash flow than they need to cover the payouts.

    Below is a list of 21 stocks drawn from the S&P Composite 1500 Index
    SP1500,
    +3.12%

    that appear to fit the bill. The S&P Composite 1500 is made up of the S&P 500
    SPX,
    +3.06%
    ,
    the S&P 400 Mid Cap Index
    MID,
    +3.18%

    and the S&P Small Cap 600 Index
    SML,
    +3.80%
    .

    The purpose of the list is to provide a starting point for further research. These stocks may be appropriate for you if you are looking for income, but you should do your own assessment to form your own opinion about a company’s ability to remain competitive over the next decade.

    Cash flow is key

    One way to measure a company’s ability to pay dividends is to look at its free cash flow yield. Free cash flow is remaining cash flow after planned capital expenditures. This money can be used to pay for dividends, buy back shares (which can raise earnings and cash flow per share), or fund acquisitions, organic expansion or for other corporate purposes.

    If we divide a company’s estimated annual free cash flow per share by its current share price, we have its estimated free cash flow yield. If we compare the free cash flow yield to the current dividend yield, we may see “headroom” for cash to be deployed in ways that can benefit shareholders.

    For this screen, we began with the S&P Composite 1500, then narrowed the list as follows:

    • Dividend yield of at least 5.00%.

    • Consensus free cash flow estimate available for calendar 2023, among at least five analysts polled by FactSet. We used calendar-year estimates, even though fiscal years for many companies don’t match the calendar.

    • Estimated 2023 free cash flow yield of at least double the current dividend yield.

    For real-estate investment trusts, dividend-paying ability is measured by funds from operations (FFO), a non-GAAP figure that adds depreciation and amortization back to earnings. Adjusted funds from operations (AFFO) takes this a step further, subtracting cash expected to be used to maintain properties. So for the two REITs on the list, the FCF yield column makes use of AFFO.

    For many companies in the financial sector, especially banks and insurers, free cash flow figures aren’t available, so the screen made use of earnings-per-share estimates. These are generally considered to run close to actual cash flow for these heavily regulated industries.

    Here are the 21 companies that passed the screen, with dividend yields of at least 5% and estimated 2023 FCF yields at least twice the current payout. They are sorted by dividend yield:

    Company

    Ticker

    Type

    Dividend yield

    Estimated 2023 FCF yield

    Estimated “headroom”

    Uniti Group Inc.

    UNIT,
    +7.36%
    Real-Estate Investment Trusts

    8.33%

    25.25%

    16.92%

    Hanesbrands Inc.

    HBI,
    +5.56%
    Apparel/ Footwear

    8.33%

    17.29%

    8.96%

    Kohl’s Corp.

    KSS,
    +5.80%
    Department Stores

    7.68%

    16.72%

    9.04%

    Rent-A-Center Inc.

    RCII,
    +10.40%
    Finance/ Rental/ Leasing

    7.52%

    17.26%

    9.73%

    Macerich Co.

    MAC,
    +8.18%
    Real-Estate Investment Trusts

    7.43%

    18.04%

    10.60%

    Devon Energy Corp.

    DVN,
    +5.72%
    Oil & Gas Production

    7.13%

    14.47%

    7.33%

    AT&T Inc.

    T,
    +1.19%
    Major Telecommunications

    6.98%

    14.82%

    7.84%

    Newell Brands Inc.

    NWL,
    +5.16%
    Industrial Conglomerates

    6.59%

    17.42%

    10.82%

    Dow Inc.

    DOW,
    +2.96%
    Chemicals

    6.18%

    15.63%

    9.45%

    LyondellBasell Industries NV

    LYB,
    +3.64%
    Chemicals

    6.09%

    16.07%

    9.99%

    Scotts Miracle-Gro Co. Class A

    SMG,
    +5.01%
    Chemicals

    6.04%

    12.68%

    6.65%

    Diamondback Energy Inc.

    FANG,
    +5.23%
    Oil & Gas Production

    5.56%

    13.63%

    8.08%

    Best Buy Co. Inc.

    BBY,
    +5.86%
    Electronics/ Appliance Stores

    5.53%

    14.08%

    8.55%

    Viatris Inc.

    VTRS,
    +5.62%
    Pharmaceuticals

    5.50%

    28.95%

    23.45%

    Prudential Financial Inc.

    PRU,
    +5.66%
    Life/ Health Insurance

    5.38%

    13.30%

    7.91%

    Ford Motor Co.

    F,
    +7.76%
    Motor Vehicles

    5.23%

    15.95%

    10.72%

    Invesco Ltd.

    IVZ,
    +6.76%
    Investment Managers

    5.23%

    14.95%

    9.73%

    Franklin Resources Inc.

    BEN,
    +4.37%
    Investment Managers

    5.17%

    13.21%

    8.04%

    Kontoor Brands Inc.

    KTB,
    +0.73%
    Apparel/ Footwear

    5.17%

    14.15%

    8.98%

    Seagate Technology Holdings PLC

    STX,
    +4.09%
    Computer Peripherals

    5.11%

    13.19%

    8.07%

    Foot Locker Inc.

    FL,
    +1.35%
    Apparel/ Footwear Retail

    5.03%

    15.52%

    10.49%

    Source: FactSet

    Any stock screen has its limitations. If you are interested in stocks listed here, it is best to do your own research, and it is easy to get started by clicking the tickers in the table for more information about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

    For the “estimated FCF yields,” consensus free cash flow estimates for calendar 2023 were used for all companies except the following:

    Don’t miss: Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.

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  • How Spam became cool again | CNN Business

    How Spam became cool again | CNN Business

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    New York
    CNN Business
     — 

    Spam is cool.

    The 85-year-old canned block of meat has undergone a cultural reinvention.

    Hormel

    (HRL)
    has sold a record amount of Spam for seven straight years, and 2022 is on pace for another such milestone. The conglomerate behind Skippy and Jennie-O turkey says it can’t make Spam fast enough and is increasing production capacity.

    Spam is a trending ingredient on TikTok and on the menu at fine-dining restaurants in coastal cities. In 2019, a limited-edition Spam pumpkin spice flavor sold out in minutes. (You can still buy it on Ebay, where it goes for up to $100 per can.)

    What is behind this phenomenon? Why does this slab of cooked pork that has long been stigmatized as fake meat, linked to wartime rations and hilariously spoofed on Monty Python now have cachet with foodies?

    Spam’s popularity in Hawaiian, Asian and Pacific Island cuisine has influenced its growth in the United States. As more immigrants came to the United States and fusion dishes and ethnic cuisines entered the cultural mainstream, Spam has reached new, younger foodies, say Hormel, food analysts and researchers.

    Edgy and clever advertising campaigns also have helped Spam attract a broader customer range than the Baby Boomers who grew up eating it, sometimes reluctantly.

    “Spam has undergone a reputation makeover,” said Robert Ku, an associate professor of Asian and Asian American studies at Binghamton University and the author of “Dubious Gastronomy: Eating Asian in the USA.” “A lot of celebrity chefs have been Asian and Asian American, and reintroduced Spam to a new audience.”

    More than 100,000 visitors stream into the Spam museum every year in Austin, Minnesota, with stories to tell about Spam and recipes to share, said Savile Lord, the manager of the museum in the brand’s hometown. Visitors most often ask her and other museum “Spambassadors” how Spam got its name and what the heck is in it.

    Spam first hit shelves in 1937 as a 12-ounce, 25-cent, convenient and long-lasting protein in a tin can during the lean years of the Great Depression. Spam contained nothing but pork shoulder, chopped ham, water, sugar and sodium.

    It was a concoction of George Hormel and his son, Jay, meatpackers in Austin. The Hormels had been working on the “problem of canning a nonperishable pork product for a good many years and at last we solved it,” Jay told The New Yorker in 1945.

    They offered a $100 prize for the best name for the food. It needed to be short for display purposes and to fit on one-column newspaper advertisements. It also had to pronounceable in any language.

    The brother of a corporate executive threw out “Spam,” a combination of “spice” and “ham,” at a party, and Hormel “knew then and there that the name was perfect.”

    From the beginning, Spam was marketed as a time-saver and a food for any meal: Spam and eggs. Spam and pancakes. Spam and beans, spaghetti, macaroni and crackers. Spamwiches.

    A pie made with Spam-brand canned meat, potatoes, scallions, and cream of mushroom soup during the 1950s or 1960s.

    “Never have you imagined a meat could turn into so many interesting uses. Morning, noon or night – cold or hot – Spam hits the spot!” read one early advertisement. Spam was a “miracle meat,” the company told consumers in newspaper spots and radio ads.

    And then came the United States’ entrance into World War II in 1941, the decisive moment in Spam’s growth.

    At many Pacific outposts, which had little refrigeration or local sources of meat, American and Allied troops relied on the canned meat that could be stored away for months and eaten on the go.

    Hormel says more than 100 million pounds of Spam were shipped overseas to help feed the troops during the war. Uncle Sam became known as Uncle Spam, much to the dismay of troops forced to eat it every single day.

    “During World War II, of course, I ate my share of Spam along with millions of other soldiers,” Dwight D. Eisenhower later wrote to Hormel’s president. “I’ll even confess to a few unkind remarks about it – uttered during the strain of battle.”

    For the citizens of conflict-wracked countries in the Pacific struggling with hunger and famine during the war and rebuilding years, however, Spam was a symbol of access to American goods and services. Sometimes, it was the only protein source available. After US troops left, Spam remained, becoming an ingredient in local dishes.

    “Spam became part of Asian culture,” said Ayalla Ruvio, a consumer behavior researcher at Michigan State University who studies identity and consumption habits. “It represented a piece of America. It’s like Coca-Cola or McDonald’s.”

    American troops also introduced Spam in Korea during the Korean War in the early 1950s, and Budae Jjigae (Army Stew) became a popular Korean dish. Spam also remains a common ingredient in dishes almost anywhere US soldiers were stationed, such as Guam, the Philippines and Okinawa, Japan.

    In Hawaii, where the US military has long been a major presence, more Spam is consumed per person than any other state. It’s stacked on a block of rice and wrapped in seaweed to make Spam musubi and sold at fast-food chains like McDonald’s in Hawaii. There’s even an annual Waikiki Spam Jam festival.

    Many US soldiers returning from World War II vowed never to eat Spam again, and the brand became linked to rationing and economic hardship. But Spam has appealed to new consumers in the United States in recent years.

    Spam musubi, a common Japanese lunch dish that was created in Hawaii.

    “When I first started getting into the brand, we started to notice this transition to a stronger multicultural set of consumers,” said Brian Lillis, who has been product’s brand manager for six years. “They brought with them the traditions of utilizing the product in their home country or where maybe their ancestors came from.”

    Hormel has worked with chefs at Korean, Taiwanese and Vietnamese restaurants to get Spam on menus. As more people have been introduced to these dishes, they go home and try to make their own versions, Lillis said.

    Spam highlights its versatility in dishes on social media and TV advertisements. There are ads for Spam and eggs, as well as Spam fried rice, Spam musabi, yakitori, and poke.

    Spam has made a comeback in the United States because Asian and Asian American chefs such as Chris Oh have tried to reinvent it in their own ways, said Ku, the Binghamton University professor. “They brought some of the culinary influences of Asia and the Pacific and upscaled it.”

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  • For Long-Term Investors, It’s Time to Buy Tech Again. Here Are 20 Stocks to Look at First.

    For Long-Term Investors, It’s Time to Buy Tech Again. Here Are 20 Stocks to Look at First.

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    One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech earlier this year was all about valuations. This new phase of the decline is all about softening earnings. When it comes to price-to-earnings ratios, the market is running into a denominator problem.

    The market downturn, the weaker economy, and the reversal of some pandemic-era trends have exposed weaknesses in the business models of companies such as


    Peloton Interactive


    (ticker: PTON),


    Zoom Video Communications


    (ZM),


    Shopify


    (SHOP),


    Affirm Holdings


    (AFRM), and


    Snap


    (SNAP), and investors have adjusted valuations accordingly. But there are still some powerful underlying secular trends that should eventually drive tech stocks higher. Investors with long time horizons and strong stomachs might consider inching into the market. I have a few ideas on where to look.

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  • Best drip coffee maker in 2023 | CNN Underscored

    Best drip coffee maker in 2023 | CNN Underscored

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    There are so many brewing methods to choose from (French press, the currently trendy dalgona whipped, pour-over), but many coffee lovers still rely on the classic, automatic drip for their daily fix. That’s why we tested the best-rated drip coffee makers using a wide range of criteria (outlined below) over the course of several weeks. Bags upon bags of dark roast, light roast and medium roast coffee beans were ground and brewed. We made full carafes, half carafes and single cups. And we tasted the results black, with cow’s milk, almond milk, sweetened condensed milk, cold-brew strength over ice — you name it.

    Many, many pots of coffee later, we settled on four standout drip coffee machines.

    Best drip coffee maker overall

    The Braun KF6050WH BrewSense Drip Coffee Maker produced consistently delicious, hot cups of coffee, brewed efficiently and cleanly, from sleek, relatively compact hardware that is turnkey to operate, and all for a reasonable price.

    Runner-up with a modern bent

    This was, to our eye, the most handsome and minimally designed of the straightforward auto-brewers, delivering a clean, tasty cup. It lost first place only because the touchscreen may not be for every consumer, and brew time is significantly longer than the other machines we tried out.

    Luxury pick for the design-obsessed

    In just near five minutes, the Technivorm Moccamaster 59636 KBG Coffee Brewer turns out a whole pot of pretty perfectly brewed coffee, and the process is as entrancing as a targeted Netflix trailer.

    Best affordable drip coffee maker

    One of the cheapest options we tested, the Mr. Coffee 12-cup brewer is compact, simple to operate and yields a very competitive cup. ​

    CNN Underscored_drip coffee makers_braun body

    We brewed countless pots of coffee with the BrewSense, ranging from light to dark roast, and each one yielded a strong, delicious cup with no sediment, thanks to the gold tone filter, designed to remove the bitterness from coffee as well reduce single-use paper-filter waste. The machine we tested was white — a nice option for those with a more modern kitchen design — but it also comes in black, and it’s compact enough to fit under the cabinets in a smaller space compared to some of the more cumbersome machines we tested.

    The BrewSense is straightforward to operate: It’s designed like a traditional automatic drip machine with manual operating buttons, but with a sleek, modern upgrade. The hardware is a sophisticated combination of brushed metal and plastic, with a glass carafe that feels comfortable in the hand.

    The BrewSense doesn’t have a lot of bells and whistles compared to some of the machines we tested, and that functional ease helped elevate it to the top of our list. You could unbox this machine, flush it through with water once, and be drinking a freshly brewed cup within 15 minutes, all without reading the manual. Brewing is also a nearly silent process, which can be pleasing on early mornings. Some consumers may want a machine loaded with special features, but for those who just want delicious, hot coffee every morning, without spending over a hundred bucks, this is your best bet.

    The BrewSense isn’t perfect: It’s not the fastest we tested — to brew a full pot of 12 cups took upwards of 11 minutes. And we found an annoying error in the instruction manual around how to program the clock (call us rigid, but we insisted on programming the time before using each of the machines!); the directions read to press and hold CLOCK and then SET, but that didn’t work. We had to simply press and hold the CLOCK button and then sort of trial and error our way through the hours and minutes. Meanwhile, the auto-program setup is not as obvious as we’d have liked; though once we got it, it worked like a dream. But otherwise, we found this machine intuitive and easy to operate even without the instruction manual.

    Cleanup could at times be a little messier than some of our other machines. The hot water comes up through the filter basket and spreads the grounds up to the top of the cone, and during one brewing, a tiny bit rose up outside the cone so the top of the brew apparatus needed a little wipedown. Overall, though, for less than $80, this machine delivers the best bang for your buck of anything on the market.

    CNN Underscored_drip coffee makers_cuisinart body

    Coming in just a few points behind the Braun BrewSense was one of the three Cuisinart automatic drip machines we tested: the Touchscreen 14-Cup Programmable.

    We rated all three Cuisinarts highly, but the Touchscreen ranked highest for its combination of progressive design and everyday efficacy. All the Cuisinart products we encountered were well designed, but this one feels special, like when you unbox a brand-new Apple product: Its all-black, shiny surfaces and touchscreen control panel look and feel next-level for an everyday coffee maker (and the price, $235 at Macy’s, more than three times that of the Braun, reflects that).

    But this isn’t just a fancy, aesthetically pleasing machine: It brewed strong, delicious coffee that tasted cleanly filtered but rich. It’s also relatively easy to program and use, given its tech-centric platform. The touchscreen panel features cute little icons signifying one-touch commands to help customize your brew: If you like your coffee bolder, you can select the BOLD feature; if you’re brewing less than half a pot, select the 1 to 4 cups feature for a slower brew with the proper extraction time; adjust the hot plate temperature to low, medium or high; turn the audible brew-cycle-finished tone on or off.

    That tech-centric design is also one of the reasons this didn’t come in at number one, however. As exciting and different as it felt, we did feel that this machine — the only touchscreen model we tested — would feel less intuitive and more laborious than some consumers would want as part of their morning coffee routine. The touchscreen goes dark during the brew process, which yes, is nice-looking, but also feels a bit jarring, like you’re literally in the dark, asking yourself, “What’s going on? Is coffee brewing?” The settings and operating buttons are clear enough when illuminated, but it did take us a few times brewing to get used to how much pressure you need to apply with your fingertip to the touchscreen. We could easily think of people in our own lives who would be flummoxed by this machine if left alone with it and a bag of coffee — and for that, it lost a few points in functionality.

    Also, like its Cuisinart cousins we tested, this one’s a slower brewer. We clocked 11 minutes for eight cups, and if you’re watching your coffee maker brew like, well, a watched pot, it seems like it … takes forever. We understand the appeal of a slower brewing process (pour-over and Chemex fans, we hear you!), but 12 to 14 minutes for a full pot of coffee seems like a long time to wait when you’re thirsty for your morning Joe and you’re not doing it by hand. Finally, not everyone will want to spend more than $200 on a coffee maker. But many may.

    While some consumers might be flummoxed by the technology of this higher-end product, others will embrace it and make it a centerpiece of their kitchen, and rightly so. Form plus function equals morning happiness here.

    CNN Underscored_drip coffee makers_moccamaster body

    We had heard about the Technivorm Moccaster, a machine beloved for its innovative and old-school industrial design, handmade and tested in the Netherlands since 1968, even before we received it for this story. Multiple friends reached out upon hearing that we were testing a Moccamaster, singing the brand’s praises, and one declared it superlative via Instagram DM: “Moccamaster? Test over!” And the Moccamaster arrives with its own best PR too. Its user manual applauds buyers: “Congratulations on your purchase of the World’s Finest Coffee Brewer!” (If you’re spending more than $300 on a coffee maker, perhaps the enthusiasm feels validating.)

    Once we got the apparatus set up — which takes a little focus and time, to be honest — it really did pay off, with possibly the most delicious, hot, fresh cup of coffee we have ever tasted from a home-brewed machine. What’s more, you barely have time to peruse the morning news headlines before the process is done. The Moccamaster brewed 10 cups in less than six minutes, and, on a second trial, six cups in under four minutes. The brew function is almost jarringly fast: Once you turn on the machine, the brewing starts immediately. Then, seeing the water heat in the tank and bubble up through the water transfer tube into the brewer was a throwback to middle-school science experiments in the most pleasing way, like if a lava lamp produced fresh hot coffee after a few mesmerizing undulations.

    We discovered much to love about the Moccamaster, but there also were elements we didn’t adore. Perhaps ironically, they’re about the design. Some love a more hands-on coffee-making process, but some might find that there are just too many moving parts here, literally. We needed to read the directions pretty closely to assemble the parts. Once assembled, and once we digested what was happening brew-process-wise, the machine became fairly easy to operate.

    But each time you use this machine, you have to take the brew basket apart to add a new paper filter (yes, it requires a paper filter, if that makes a difference to you) and coffee grounds, and that basket removal sometimes disrupts the outlet arm and the reservoir lid — not a huge deal, but it could feel like you have to put your coffee maker back together from scratch every morning. Also, the basket lid and outlet arm, through which the hot water travels from the tube to the brew basket, get very hot during the process. It’s fine if you’re aware and cautious, but you wouldn’t want someone to wander up and unknowingly touch the hot part of the brewer.

    And finally, perhaps our most significant beef with this model: When you return the glass carafe to hotplate in between pours, the glass scrapes the warmer in a slightly cringey way.

    The coffee that this striking machine yields, though, may diminish other distractions — we found ourselves moving this maker back to the kitchen counter time and again, because the brew process and its results were superior. If you, like us, are a fan of the Moccamaster, you’re likely to be one for many years to come, which will amortize the steep price tag accordingly.

    CNN Underscored_drip coffee makers_mr coffee body

    We won’t go on and on about the Mr. Coffee 12-Cup, but it brewed a very workable 12 cups, in both taste and temperature, in just nine minutes. The machine came packaged in some pretty intense plastic and cardboard — the unboxing took a full five minutes and a pair of scissors — but once separated from its packaging, this machine’s a breeze to put together. The hardware is very easy to use (and to program to brew at a specific time), even without reading the directions. It’s compact — one of the best small drip coffee makers we tested — and durable, and the lid, brew basket, carafe and removable top half are all dishwasher safe, which wasn’t common among the machines we tested.

    The testing process for these coffee makers was intensive, lasting more than a month. We evaluated each machine based on what would be most important to the user — namely, functionality, durability and design. We tested each machine at least twice (but four to eight times for some) with both dark and light roast freshly ground beans, did a programmed/timed brew when available, and tested the additional functions of the more specialty machines (single-cup, cold brew, tea, milk frothing). We jotted notes about every machine’s unboxing, read every instruction manual, handled and rehandled the hardware, timed the brew of each machine, noted the temperature of the resulting coffee, and tasted and had others taste and weigh in on user experience. We tried to get as acquainted as possible with each of these machines, became fond of a good many of them — and as a result, we drank way too much coffee over the month in question.

    Read on for the categories and their breakdowns.

    Brew function

    • Optimal temperature: We didn’t take the actual temperature of the coffee from each machine, because we don’t think that’s how the average coffee drinker evaluates home brewing — experts recommend that coffee be brewed at between 195 and 205 degrees Fahrenheit, and served immediately, at 180 to 185 degrees — but we scored the perceived temp of each brew against all the others. We tasted each cup immediately after brewing, black, and then with added cold milk, and recorded the results.
    • Taste: The taste of coffee is, obviously, subjective. Two people could spend a lifetime tasting the different coffee varietals and never agree on one. That being said, we tested each machine with both a dark roast and a light roast, keeping the amount of grounds consistent to the machine’s directions. As a result, some machines that recommended using more grounds yielded stronger brews — in those instances, we retested those with less grounds accordingly.
    • Time to brew: For each carafe brewed, we timed the process on an iPhone timer, both for a full carafe and half. For those machines that made single cups, we timed that process as well.
    • Heat retention: We noted whether the machine brewed into a glass or a thermal carafe, and how hot the coffee remained a half hour to an hour after brewing.
    • User-friendliness: We did an initial scan of each machine, evaluating whether a new customer would be able to brew coffee without reading the instruction manual. We then assessed whether the design of each machine is immediately intuitive, and on a more micro level, assessed the settings and buttons on the face of the machine, the markings on the water tank and carafe, how easy the carafe is to fill, and the design of the brew basket.
    • Volume yield: We noted how many ounces each machine can brew.
    • Programmability: We recorded whether you can program the machine to brew at a set time.

    Durability

    • Everyday durability: For this category, we assessed how the machine responded to being handled during setup, filling the water tank, adding the grounds, removing and replacing carafe to serve, cleanup, and how durable the hardware felt.
    • Build quality: We noted what materials the machine is built from, e.g., plastic, metal, brushed metal, glass, and the tangible feel of each machine in a user’s hands.
    • Serviceability: We noted the ease of opening and taking apart the removable parts of each machine, in the case it would need to be serviced.

    Setup and breakdown

    • Ease of assembly: We observed how long it took to unbox the machine, put it together, and do an initial water flush before the product could be used.
    • Size of machine: We assessed how much counter space each machine took up, and how easy it is to move and store.
    • Ease of clean: After each brewing, we took note of how easy it was to clean the brew basket, the carafe, and the surrounding hardware.

    Aesthetic

    • First impression: We observed our first impression of each machine, noting details of design, color, size, feel — whether this machine looked attractive on our counter.
    • Color options: We researched if the machine came in any colors besides black.

    Warranty

    • We checked the number of years of warranty of each machine.

    Ninja Hot and Cold Brewed System

    We tested two Ninja machines, both of which have some very appealing features. The hot and cold brew system brewed an excellent pot of hot coffee in less than five minutes, as well as a very tasty single cup (in multiple sizes), a less easy feat to perfect. It also brews coffee intended to be served directly over ice, an option that lots of consumers will like. We love the cool, minimalist glass carafe, though the lid features a big hole in the middle for pouring, which can lead to some splashing.

    This machine, though prolific in function, lost points because the water tank — plastic with prominent ridges — feels cheap and devolves the user experience a bit (with this machine, thankfully, the plastic tank is in the back, hidden from view, but does need to be handled every time you add water). Another problem with this machine: The water tank doesn’t have marking measurements, only half carafe, and full carafe, and two sizes of single cup. Without ounce or cup markings, how does one know how much water to add versus amount of coffee grounds? The Ninja machines come with a special-sized coffee scoop, different amounts on each end of the scoop, but it was bothersome that the water and the coffee amounts couldn’t be more standardized without relying only on the provided removable accessories (which, for the record, are cute — there’s a removable frothing wand). A lot of performance features with this machine also means a busy control panel that also feels a bit high-maintenance.

    The Ninja Specialty is similar to the hot and cold brewed one, with one major difference: The water tank is adjacent to the brew basket, and visible to the eye. This one also brews a very nice cup of hot fresh coffee, and has nifty added functions, too, like myriad sizes of individual cups, half and full carafes, and an over-ice option. The placement of the water tank front and center here, though, makes this one less appealing than the hot and cold option; the tank, similarly, feels flimsy and cheap, a factor that’s difficult to overlook in user experience. For those who like the Ninja brand products (they make blenders and other items), though, there’s a lot of function for your buck here.

    The most basic of the Cuisinart options we tested, this one brewed a nearly perfect cup at, for this reviewer, a perfectly hot temp (even after adding significant cold milk, we still had a steaming hot cup), thanks to an adjustable carafe temp. This machine is solid and well-designed, with one downside (for us): Brewing time was 14 minutes for eight cups, nearly double the time of some of the other brewers we tested.

    Cuisinart Coffee Center 10-Cup Thermal Coffee Maker and Single Serve Brewer

    Our third Cuisinart brews only 10 cups into a thermal carafe, but has the handy bonus feature of a single-serve brew — with an attachment to use prepackaged coffee pods, or an adorable mini filter to use fresh grounds. (Note: The mini filter is a bit of a chore to clean because it is so small.) Like its Cuisinart siblings above, this machine makes good coffee, but the single-serve brewer does make the whole of the hardware more cumbersome. One annoying design issue: There’s an on/off switch on the side of the machine, whose placement feels not intuitive.

    The De’Longhi TrueBrew is a superautomatic machine, meaning it incorporates a grinder so you can start with whole beans and have it do the rest for you. At the touch of a button, it can produce a single cup or a whole pot of coffee. The TrueBrew is incredibly convenient, but it’s quite expensive, and despite its wide range of options in our testing we got better tasting coffee from dedicated pour-over coffee and espresso setups. Unless you really want the ease of use of a pod machine along with the ability to use fresh whole beans it may not be for you.

    The most affordable automatic drip machine we tested, the Black & Decker 12-cup, is also a solid choice. It brewed eight tasty cups in eight short minutes — overall a good user experience. Hardware-wise, it felt a bit less durable than its closest rival, the Mr. Coffee, but it’s programmable and super easy for near the cost of two lattes with an extra shot.

    The Bonavita Connoisseur has its fans, but we had multiple issues with the machine. This pleasingly retro-looking apparatus brews a nice cup quickly and at a good temperature, but the user experience leaves much to be desired. Simply put, the design feels flawed. The lid of the carafe needs to be removed before brewing, so the coffee just brews directly into a wide-open carafe — this was so counterintuitive to us, even after three or four brew tries, that it diminished the experience of the brew process. The brewer also gets very hot during brewing — so hot that we wondered if it might actually be a safety issue. Lastly, after brewing, we screwed the carafe lid back on and tried to return the carafe to underneath the brewer — sure, maybe we were still sleepy, maybe not enough caffeine yet — but the carafe doesn’t fit under the brewer with the lid on; the entire top of the machine popped off. This affects storage of the machine, too; because the carafe lid and the brew basket don’t both fit into the hardware at the same time, there’s always one piece loose.

    We were giddy upon opening this fancy brewer with much to offer: standard brew, fast, gold (what even is that, I wondered at first glance!), cold brew, single cup (with a sold separately attachment), and a customizable to your preferences setting. The options are exciting, but also overwhelming. The user is prompted to enter the consistency of their water, on a hard to soft scale — do all home coffee drinkers know the texture of their tap water? Also, does the average coffee drinker know what Gold Cup certification is? These feel like niche details for an automatic drip machine.

    Big picture, the Breville brewed a good pot of coffee, quite quickly, but we didn’t find it hot enough. The whole apparatus is beautifully designed, with sleek brushed metal and a lightweight, handsome carafe lovely enough to join a brunch table. But digging in further, we found this machine just to be… well, just a little too much. Too much hardware — it doesn’t fit easily under our cabinets. Too many options — we needed to read up on a bunch of coffee wisdom before we could even set up the machine to our preferences. There are lots of users who would find this machine the sweet spot of function and sophistication, and enjoy exploring all of its specialties, but for those looking for turnkey coffee-making, this is a little extra.

    Read more from CNN Underscored’s hands-on testing:

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