The times. (Gainesville, Ga.) 1972-current, November 14, 2018, Image 11

Georgia Historic Newspapers

The times., November 14, 2018, Image 11

About The times. (Gainesville, Ga.) 1972-current | View Entire Issue (Nov. 14, 2018)

Page of 16

Prev Issue Next Issue

Text PDF JP2 (2.7 MB) Clip/Print Image

Page of 16

Prev Issue Next Issue

Return to Top

Newspaper Page Text0D BUSINESS Jeff Gill | Business reporter 770-718-3408 | jgill@gainesvilletimes.com The Times, Gainesville, Georgia Wednesday, November 14, 2018 Petco going natural KIICHIRO SATO I Associated Press A store sign at a Petco store in Chicago. As demand for healthy, natural food is extending from the grocery store to the pet store, Petco announced Tuesday, Nov. 13 that it will stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. Black Friday: Shop it or skip it? BY COURTNEY JESPERSEN Associated Press A solid 70 percent of Americans plan to shop on Black Friday this year, according to a recent NerdWal- let study conducted by The Harris Poll. But the nature of a day centered around shopping can almost inevitably lead to overspending. Here are three ways to tell whether participating in Black Friday is really right — or actually wrong — for you. CONSIDER WHAT YOU’RE BUYING Black Friday, the day after Thanksgiving, is known for long lines, big crowds and low prices. And while the shopping holiday often does deliver unbeatable deals on things like electronics, certain items are cheaper at other times of the year. Clothing is generally a bargain on Black Friday, but some clothing reaches its lowest price off-season, according to Charlie Graham, founder and CEO of Shop It to Me, a sale alert app. “If you’re really penny-pinching, you can find bet ter deals when items go on clearance outside of Black Friday and Cyber Monday,” Graham says of some apparel. Think buying swimsuits at the end of winter or sweat ers in the middle of summer. TIP: Consider the items you want this Black Friday and write them down. Then, check Black Friday ads to see if those products will be on sale. Retailers usually release their ads ahead of time — online, by email or in the mail. If you don’t see what you want at the price you want, think about waiting to buy. Company bans artificial ingredients as natural pet food market grows BY DEE-ANN DURBIN Associated Press Demand for healthy, natural food is extending from humans to their pets. Petco announced Tuesday it will stop selling dog and cat food and treats with artificial colors, flavors and pre servatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. “We are making sure we are always taking the nutritional high ground,” Petco CEO Ron Coughlin told The Associated Press. Petco’s move, the first of its kind among major pet stores, comes at a time when sales of natural pet foods are steadily rising. Natural pet products still account for a small portion of the U.S. mar ket share but growth has more than doubled to 6.5 percent between 2013 and 2017, according to Nielsen, a data company. Nielsen said sales of pet food free of genetically modified ingredi ents jumped 29 percent last year. Sales of pet food without artificial preserva tives and colors grew 4 percent. Americans spent $69.5 billion on their pets last year, up 4 percent from the year before, according to the American Pet Products Association. Pet food has long mimicked human food, says John Owen, a senior food analyst for market researcher Min- tel. In 1959, for example, Gravy Train dog food was introduced so dogs could enjoy gravy too. As human tastes have grown more sophisticated, so have their demands for their pets, Owen said. For dogs, there are bags of organic, vegetarian and grain-free food. Some brands claim to mimic ancestral diets, with kibbles made from venison or wild boar. Cans of cat food feature tila- pia, rabbit and pumpkin. Sensing the growing trend, two big food companies — J.M. Smucker Co. and General Mills — spent billions to acquire the natural pet food brands Nutrish and Blue Buffalo earlier this year. Ashley Murphy, a 33-year-old proj ect manager in Atlanta, has been watching the amount of sugar and pre servatives in her own food. That made her question the ingredients in the food she feeds her dog Maddie, a Jack Rus sell mix. Murphy recently switched to Cani- dae Grain Free Pure Ancestral dry dog food after reading the ingredients on lots of bags. Murphy wanted a food with more meat, fewer fillers like grains and corn, and fewer chemicals. “Minus some of the minerals and some of the fermentation products at the very bottom of the list, I can pro nounce every single ingredient in her new food,” said Murphy, who said she doesn’t mind spending more for the food. Owen says young people like Mur phy are driving the trend in natural pet food. He expects it will keep growing and lead to even more “natural” inno vations, like freeze-dried raw food. Coughlin says the majority of pet food Petco sells now doesn’t contain artificial ingredients. Still, the change isn’t insignificant; Petco sells around $100 million worth of dog and cat food with artificial ingredients each year. Coughlin said food with those ingre dients will start coming off the shelves in January. Some suppliers are refor mulating their food; others simply won’t sell through Petco anymore, he said. Food with artificial ingredients that isn’t sold by May will be donated to animal shelters. Eventually the store plans to expand its ban on artificial ingredients to foods it sells for other animals, he said. Safety group names ‘worst holiday toys’ BY PHILIP MARCEL0 Associated Press BOSTON — A Black Pan ther “slash claw” and a plas tic Power Rangers sword are among the items topping a consumer safety group’s annual list of worst toys for the holiday season. Massachusetts-based World Against Toys Caus ing Harm, or W.A.T.C.H., unveiled its 46th annual list of the 10 “worst toys” Tuesday at Franciscan Chil dren’s Hospital in Boston. Joan Siff, the nonprofit organization’s president, said many of the toys on the list represent choking, eye and other safety hazards that surface year after year, despite the group’s efforts. Siff advised parents to shop “defensively” and not be lulled into a false sense of security because a toy is made by a familiar brand or sold at an established retailer. One child is treated in a U.S. emergency room every three minutes for a toy-related injury, accord ing to the Center for Injury and Research at Nationwide Children’s Hospital. A Cabbage Patch Kids ballerina doll that made this year’s list, for example, is marketed to children ages two and above, but includes a removable tutu and head- band that can be choking hazards, said James Swartz, a trial lawyer who serves as W.A.T.C.H.’s director. A slender mallet that comes with VTech’s cat erpillar-shaped electronic xylophone — a toy made for children as young as 18 months old — is another similar choking threat, he said. Other toys on the list included a Nerf gun that fires soft discs, a “stomp rocket” that launches foam- tipped projectiles up to 200 feet in the air and a plastic “cutting fruit” set. The cutting set, which includes a toy knife made out of rigid plastic, is made for children who are older than 2. CONSIDER WHY YOU’RE BUYING Of those who plan to shop in stores this Black Friday, 42 percent said they plan to do so because they enjoy the in-store hype (e.g., doorbuster deals, camping out side of stores the night before), according to the Nerd- Wallet study. Enjoying this annual tradition is one thing, but going shopping “just because” isn’t always a good idea. Even if you’ve set a budget before putting on your comfiest sneakers and standing in the cold, you may be susceptible to making additional purchases once you’re among the merchandise. On Black Friday, retailers compete for a share of your wallet, says Jeff Inman, a marketing professor at the University of Pittsburgh and editor-in-chief of the Journal of Consumer Research. Traditionally, retailers draw in Black Friday shop pers with a few great deals — called “loss leaders” — and hope they’ll buy additional items as well. Imagine going for a TV and leaving with clothing and Christmas decorations, too. While Inman says he hasn’t always seen shoppers with huge baskets on Black Friday, he does point to toys as one category where shoppers may spring for some thing even if they didn’t see it in a Black Friday ad. For example, while in the store, you may come across a toy and decide to buy it for your niece for Christmas. This isn’t necessarily an impulse purchase; you already planned to buy a gift for your niece. But since you didn’t know the exact item you wanted to buy, he calls selecting this toy an “impulse allocation” of your holiday shopping budget. This isn’t a problem if you can afford it, but be con scious of this possibility when you step foot in the store. TIP: Think about why you want to shop on Black Fri day, and whether you’re financially prepared. If you’re not sure you can resist the temptation to overshoot your budget, consider skipping. CONSIDER WHEN YOU’RE BUYING Finally, plan your timing. With deals launching ear lier each year, some Black Friday sales really happen the whole week of Thanksgiving, according to Graham from Shop It to Me. “To compete with each other, the retailers have been pushing their sales earlier and earlier during that week,” Graham says. Because of this, sometimes shoppers can get Black Friday-level prices before Black Friday. TIP: Although this might not be true for every prod uct category, monitor sales in the days leading up to Black Friday for an early shot at a good deal. TO STAY OR TO GO? Once you decide the what, why and when of your Black Friday shopping, you’ll be able to decide whether you should join the crowds or stay on the couch. Stock Exchange Highlights ■ NYSE 12,328.30 -15.21 A Nasdaq ■ 7,200.88 +.01 Gainers ($2 or more) Gainers ($2 or more) Name Last Chg %Chg Name Last Chg %Chg BeazerHm 10.87 Superiorlnd 8.70 CypressEn 6.40 VitaminSh 8.61 Adient n 24.47 AdvAuto 184.72 Autohome 70.56 ChinaSoAir 32.34 SeacrMar 18.00 VinceHIg rs 14.65 +2.55 +1.61 +.81 +1.00 +2.61 +17.66 +6.10 +2.75 +1.43 +1.10 +30.6 +22.7 +14.5 +13.1 +11.9 +10.6 +9.5 +9.3 +8.6 +8.1 Losers (S2 or more) Name Last Chg %Chg Hc2 Hldgs 3.65 Maiden pfC 10.95 UBS 3xLCr 17.24 MaidnH pfD 10.61 CgpVelLCrd18.19 PSCrden 27.27 DaqoNEn 21.43 BP Pm 25.23 GSCI37 21.35 PrUCrude rs20.31 -1.39 -27.6 -2.84 -20.6 -4.25 -19.8 -2.58 -19.6 -4.28 -19.0 -6.41 -19.0 -3.57 -14.3 -3.78 -13.0 -3.16 -12.9 -2.95 -12.7 Most Active ($1 on more) Name Vol (00) Last Chg GenElec 2057378 BkofAm 573517 EnCanag 462073 SwstnEngy 430472 ChesEng 421610 Petrobras 419914 EQTCorp 352910 FordM 330817 SupEnrgy 323726 WellsFargo281004 8.61 +.62 27.76 +.01 8.10 -.31 5.82 +.03 3.56 +.10 13.90 -.82 18.56 -.30 9.54 +.05 7.44 +.12 52.74 +.39 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,350 1,473 66 2,889 23 151 4,031,248,087 PyxisTnkr 2.97 CocrystP n 2.70 Jason Inds 2.41 AileronT n 2.20 RubiusTh n 17.58 Ziopharm 2.70 Reshape rs 2.07 UnityBcp 24.40 UnumTh n 7.82 BorqsTch 3.01 +1.04 +53.9 +.65 +31.7 +.45 +23.0 +.38 +20.9 +2.85 +19.3 +.38 +16.4 +.28 +15.6 +3.18 +15.0 +1.02 +15.0 +.36 +13.6 Losers ($2 or more) Name Last Chg %Chg EverQuo n 6.73 PHI nv 4.76 CTI Inds 3.02 Amarin 15.38 MadrigP rs146.23 Nil Hldg n 6.22 PHI vtg ApollEnd rs Onconvars 4.18 Youngevt n 6.80 5.26 3.20 -5.18 -1.61 -.97 -4.44 -40.28 -1.64 -1.33 -.75 -.93 -1.51 -43.5 -25.3 -24.3 -22.4 -21.6 -20.9 -20.2 -19.0 -18.2 -18.2 Most Active ($1 or more) Name Vol (00) Last Chg AMD Apple Inc SiriusXM Microsoft Amarin Intel Cisco MicronT Qualcom eBay s 758522 467251 380760 353606 352224 292840 261797 254886 208807 177419 19.61 +.58 192.23 -1.94 6.15 +.03 106.94 +.07 15.38 -4.44 47.39 +.74 45.12 -.50 37.85 +.41 54.16 -.33 28.10 -.86 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,437 1,463 159 3,059 19 159 2,230,002,033 Stocks of Local Interest Name Ex YTD Div Yld PE Last Chg %Chg AFLAC S 1.04 2.3 14 44.37 -.07 0.0 HomeDp 4.12 2.3 23 179.00 -.43 -5.6 AT&T Inc 2.00 6.6 6 30.33 -.45 -22.0 Intel 1.20 2.5 18 47.39 +.74 +2.7 AbbottLab 1.12 1.6 29 69.49 -1.07 +21.8 IBM 6.28 5.2 9 120.84 -.06 -21.2 AMD 19.61 +.58 +90.8 JohnJn 3.60 2.5 20 144.68 -.94 +3.5 Altria 3.20 5.3 19 60.00 -1.20 -16.0 Lowes 1.92 2.0 20 95.59 -.06 +2.9 Apple Inc 2.92 1.5 22 192.23 -1.94 +13.6 MagneG rs .43 +.07 -91.0 ATMOS 1.94 2.0 18 96.40 -.27 +12.2 MarathnO .20 1.2 16.47 -.79 -2.7 AutoZone 17 813.48+20.88 +14.4 McDnlds 4.64 2.5 28 184.01 -.36 +6.9 AveryD 2.26 2.5 26 91.94 +.49 -20.0 Merck 2.20 2.9 28 74.61 -.08 +32.6 BB&T Cp 1.62 3.2 15 51.07 +.53 +2.7 MicronT 3 37.85 +.41 -8.0 BP PLC 2.38 6.0 12 39.81 -1.06 -5.3 Microsoft 1.84 1.7 44 106.94 +.07 +25.0 BkofAm .60 2.2 13 27.76 +.01 -6.0 NorflkSo 3.20 1.9 25 166.82 -.19 +15.1 BarnesNob .60 8.7 6.91 +.08 +3.1 OfficeDpt .10 3.1 9 3.25 +.04 -8.2 Boeing 6.84 2.0 33 349.51 -7.52 +18.5 Penney 21 1.28 -59.5 BrMySq 1.60 3.0 52 52.59 -.26 -14.2 PepsiCo 3.71 3.2 34 117.14 +.17 -2.3 CSX .88 1.3 10 70.28 +.64 +27.8 Pfizer 1.36 3.1 17 43.52 -.59 +20.2 CampSp 1.40 3.6 14 39.25 +.08 -18.4 PhilipMor 4.56 5.3 21 86.40 -1.56 -18.2 Caterpillar 3.44 2.7 12 125.96 +.96 -20.1 Primerica 1.00 .9 14 116.93 +1.65 +15.1 ChesEng 6 3.56 +.10 -10.1 ProctGam 2.87 3.1 23 93.47 +.77 +1.7 Chevron 4.48 3.9 24 115.35 -2.04 -7.9 Qualcom 2.48 4.6 54.16 -.33 -15.4 Cisco 1.32 2.9 23 45.12 -.50 +17.8 RegionsFn .56 3.3 14 16.88 -.05 -2.3 Citigroup 1.80 2.8 11 64.78 +.57 -12.9 SiriusXM .05 .8 34 6.15 +.03 +14.7 CocaCola 1.56 3.1 94 49.86 -.01 +8.7 SouthnCo 2.40 5.1 22 47.27 +.38 -1.7 ConAgra .85 2.4 17 35.19 -.06 -6.6 SwstnEngy 7 5.82 +.03 +4.3 Cummins 4.56 3.2 40 144.50 +.14 -18.2 Sprint 4 6.21 +.12 +5.4 DenburyR 2.60 -.22 +17.6 SunTrst 2.00 3.1 11 63.52 +.57 -1.7 Disney 1.68 1.4 16 116.85 +.15 +8.7 SupEnrgy .32 4.3 7.44 +.12 -22.7 DowDuPnt 1.52 2.6 18 57.47 -.23 -19.3 SynovusFn 1.00 2.7 13 37.70 +.15 -21.4 EQT Corp .12 .6 18.56 -.30 -40.1 3M Co 5.44 2.7 27 198.37 +1.33 -15.7 EnCana g .06 .7 14 8.10 -.31 -39.2 Torchmark .64 .7 7 86.80 +.92 -4.3 Equifax 1.56 1.6 17 100.38 -14.9 Transocn 9.43 -.32 -11.7 ExxonMbl 3.28 4.2 14 78.00 -1.83 -6.7 Tyson 1.20 2.1 11 58.17 -3.44 -28.2 EyegatePh .42 +.11 -60.7 UtdCmBks .64 2.5 15 26.11 +.37 -7.2 FordM .60 6.3 5 9.54 +.05 -23.6 UPS B 3.64 3.3 18 109.40 +1.68 -8.2 GenElec .48 5.6 8.61 +.62 -50.7 VerizonCm 2.41 4.1 7 58.66 -.06 +10.8 GenuPrt 2.88 2.8 22 101.41 +1.12 +6.7 Vodafone 1.82 9.1 20.08 +1.49 -37.1 HP Inc .56 2.3 9 23.95 -.04 +14.0 WalMart 2.08 2.0 24 102.94 -.93 +4.2 Hallibrtn .72 2.2 32.27 -1.89 -34.0 Weathflntl .97 -.05 -76.8 Haverty .72 3.4 22 21.16 -.17 -6.6 WeisMk 1.24 2.6 11 47.30 -.29 +14.3 HeliosM rs .02 100.0 WellsFargo 1.72 3.3 13 52.74 +.39 -13.1 Hershey 2.89 2.6 24 109.14 +.47 -3.8 YumBrnds 1.44 1.6 32 89.03 -.42 +9.1 Name Ex YTD Div Yld PE Last Chg %Chg Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj = In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial. Stock Market Indexes Dow Jones industrials Close: 25,286.49 Change:-100.69 (-0.4%) 27,200 26,400 25,600 24,800 26,280 25,640 25,000' 10 DAYS M J J A S O N 52-Week Net YTD 12-mo High Low Name Last Chg %Chg %Chg %Chg 26,951.81 23,242.75 Dow Industrials 25,286.49 -100.69 -.40 +2.29 +8.02 11,623.58 9,420.16 Dow Transportation 10,433.45 +66.94 +.65 -1.69 +9.95 778.80 647.81 Dow Utilities 735.25 +2.21 +.30 +1.64 -5.06 13,637.02 11,820.33 NYSE Composite 12,328.30 -15.21 -.12 -3.75 +.39 8,133.30 6,630.67 Nasdaq Composite 7,200.88 +.01 +4.31 +6.87 1,309.73 1,118.69 S&P 100 1,209.15 -2.44 -.20 +2.20 +6.37 2,940.91 2,532.69 S&P 500 2,722.18 -4.04 -.15 +1.82 +5.56 2,053.00 1,769.25 S&P MidCap 1,852.45 +.20 +.01 -2.53 +1.40 30,560.54 26,293.62 Wilshire 5000 28,061.18 -42.95 -.15 +.96 +5.02 1,742.09 1,436.43 Russell 2000 1,514.80 -3.99 -.26 -1.35 +2.96 Mutual Funds Name Total Assets Obj ($Mlns) NAV Total Return/Rank 4-wk 12-mo 5-year Pet Load Min Init Invt Vanguard 500ldxAdmrl LB 247,729 251.89 -1.5 +7.3/B +11.1/A NL 10,000 Vanguard TtlSMIdxAdmrl LB 199,057 67.76 -1.6 +6.9/B +10.6/A NL 10,000 Vanguard TtlSMIdxinv LB 127,316 67.74 -1.5 +6.8/B +10.5/B NL 3,000 Vanguard TtlnSIdxinv FB 126,316 15.95 -2.1 -8.0/C +2.3/B NL 0 Vanguard TtlSMIdxIns LB 119,661 67.78 -1.5 +6.9/B +10.6/A NL 5 000,000 Vanguard Insldxlns LB 116,372 248.51 -1.5 +7.3/B +11.1/A NL 5 000,000 Vanguard InsidxInsPlus LB 101,648 248.53 -1.5 +7.3/B +11.1/A NL100,000,000 Vanguard TtlnSIdxinsPlus FB 94,240 106.70 -2.2 -7.9/C +2.4/B NL100,000,000 Fidelity Contrafund LG 91,385 12.59 -4.4 +6.4/D +11.8/B NL 0 Vanguard TtBMIdxAdmrl Cl 85,528 10.26 0.0 -1.8/C +1.9/C NL 10,000 Fidelity 500ldxlnsPrm LB 84,712 95.32 -1.5 +7.4/B +11.1/A NL 0 Vanguard WlngtnAdmrl MA 84,654 71.47 0.0 +3.7/A +7.6/A NL 50,000 Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth, LV -Large Value, MA -Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvested. Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum $ needed to invest in fund. Source: Morningstar.