SHOULD YOU HOLD TUPPERWARE BRANDS CORP (TUP) STOCK WEDNESDAY MORNING?
Wednesday, September 20, 2023 07:01 AM | InvestorsObserver Analysts
Tupperware Brands Corp (TUP) is down -2.15%% today.
TUP stock closed at $1.86 and is down -$0.04 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as most investors only trade between standard trading hours.
TUP has a roughly average overall score of 50 meaning the stock holds a better value than 50% of stocks at its current price. InvestorsObserver's overall ranking system is a comprehensive evaluation and considers both technical and fundamental factors when evaluating a stock.
The overall score is a great starting point for investors that are beginning to evaluate a stock. TUP gets a average Short-Term Technical score of 60 from InvestorsObserver's proprietary ranking system. This means that the stock's trading pattern over the last month have been neutral.
Tupperware Brands Corp currently has the 82th highest Short-Term Technical score in the Packaging & Containers industry. The Short-Term Technical score evaluates a stock's trading pattern over the past month and is most useful to short-term stock and option traders.
Tupperware Brands Corp's Overall and Short-Term Technical score paint a mixed picture for TUP's recent trading patterns and forecasted price. Click Here To Get The Full Report on Tupperware Brands Corp (TUP)
TUPPERWARE: MALAYSIA TOP FIVE IN NET SALES, CRUCIAL TO COMPANY'S GROWTH
AUGUST 26, 2023
Tupperware Brands Corporation president and chief executive officer Miguel Fernandez during an interview in Kuala Lumpur August 26, 2023. — Bernama pic
KUALA LUMPUR, Aug 26 — Malaysia, a significant market for the Tupperware business, is essential to the company’s growth and ability to compete globally in the household products market, said Tupperware Brands Corporation president and chief executive officer Miguel Fernandez.
In an exclusive interview with Bernama, Fernandez said Malaysia is the fifth largest market for the brand based on net sales, after Brazil, Mexico, the United States (US) and China.
According to him, Tupperware provides a unique business opportunity for over 35,000 families in Malaysia who make their monthly living selling the iconic brand’s innovative products.
“Malaysia is one of our top five countries, (and) we count on the top five to support growth. So Malaysia is obviously a key market for us,” said Fernandez during Tupperware’s 2023 “World Tour,” a month-long effort in which Fernandez and Tupperware’s chief commercial officer Hector Lezama visited the company’s largest markets.
“We plan to keep producing and launching more interesting products to attract more users. With everything that we have launched and the great news that we have restructured our debt, I believe we are going to be a top brand for the next 75 years,” he told Bernama while in Kuala Lumpur.
Tupperware made worldwide news earlier this year due to a cash shortage. However, the maker of plastic containers and other kitchen products recently announced a successful debt restructuring as part of ongoing turnaround efforts.
The debt restructuring exercise is expected to provide the company with the increased financial flexibility to continue turnaround efforts and to reduce/reallocate cash interest and fees of approximately US$150 million, as well as extend the maturity of certain debt facilities, a press release said earlier this month.
“That news is behind us,” said Fernandez, when asked about the brand’s previous financial challenges. “We were able to restructure our debt and are continuing to do our business, including this World Tour. We are visiting the most important countries, where we are coming up with a lot of great news for our sales force. We are re-energising our sales force around the world,” he said.
On manufacturing plants, Fernandez said Tupperware outsources its production to a third-party facility in Malaysia. It provides the moulds and guidance on the best materials to use to ensure excellent functioning and quality as per its established standards.
“We produce an array of product categories. So, the trick in our industry is the highly specialised moulds. If more moulds are in the same factory, this will not help (with production). It is better to put a lot of moulds in many countries, so these countries can produce at around the same time to satisfy consumer demand.
He said some products are made in Malaysia while others are imported because of the mould factor. There are times when there is only one machine to produce a specific product to satisfy worldwide demand, he said.
Tupperware has manufacturing plants in Belgium, Brazil, South Korea, Mexico, China, India, Portugal, South Africa and the US. It produces geographically to meet local market needs.
It also launches limited-edition products to mark seasonal milestones and important holidays to meet consumer demand in different countries.
On its strategy to expand its customer base, Fernandez said the group continually invests in digital tools to appeal to the new generation. It also has two distinct strategies — product innovation and technology — to attract younger generation customers.
Instead of the traditional person-to-person method, Fernandez said the younger generation interacts using the cell phone. This has prompted the company to build tools to enable them to recruit, retail, and advertise the products via digital tools.
Technology is the best way to attract and retain people, Fernandez said.
On new products, Fernandez said the company has produced and marketed a portable blender which has proven to be very popular among the younger generation.
The portable blender is being sold in other countries and it has received a lot of positive feedback thus far. The blender was launched in Malaysia recently, he said. — Bernama
So is twinkies
For bears, the risk-to-reward ratio for the $TUP is lopsided, with a $2.5 loss for bulls and a probable rally at the end of the year. Bears may lose ten times more if the market soars, but it makes more sense to be bull than bear owing to ego difficulties. Unlike in the past, the stock market's recovery now necessitates a focus on the future. The dread of BK has flipped, making bear on this position impossible.
We are going to have to wait until closer to earnings to get any push. Updates needed.
What things do you see Tupperware accomplishing, that will make the brand extremely attractive to the public at large?
4/12/23-Tupperware Could Go Out Of Business, HERE'S WHY
Bought today 2.68, but with tight stop
What catalyst are you expecting?
The TUP chart is in a downtrend, with a bullish divergence on the macD. The chart is mostly bearish, with 20 under the 200 on all indices except the 3 and 4 hour charts. A possible bounce at 2.14 or 1.84 is possible. The 4 hour 200 sma is down with decent support, with 1.36 and 0.9813 being the next ones. The Nasdaq and spy are experiencing a sell-the-rips mode, similar to the recent buy-dip. Tuppy is likely due for a mean bounce on Monday, but it is crucial that 20 crosses over the 200 sma trending up with strength on the 1-5 minute charts. After that, the goal is to hope for a higher low.
The bottom is in. It won't be that hard to test previous highs. Next week, it will have some good catalysts coming in. True bulls also survive the rough times; the last cats took their loss at 2.08 today. New shorts can already go to a restless weekend.
got back out, but watching.
Hope you are in there. I got out but wanted to get back in if it broke $2. Wait too long. Nice recovery
Sad to say but stick a fork in this one; it's done.
A trading group or two may manipulate for a few...
Absence of that, don't see much upside
As previously mentioned, if debt restructuring is involved, accounting and tax rules will come into play. What you should be on the lookout for is guidance moving forward.
Additionally, some key positions at TUP will be on the hot seat as part of the restructuring. Often, these types of changes are required not by the company but as a condition of the restructuring package.
Cheaper versions at the Dollar Store are being preferred in this economy.
Raise the interest rate and everything becomes affected, in one way, shape, or form.
They're actually attempting to slow the economy and possibly more of the same, in the foreseeable future.
That's why the minimum due on many credit cards has risen.
Tomorrow is a big day. Bears ran the entire market today and also noticed the $3 put volume soared after lunch. Tomorrow is a big day; this is why you scale in to go down. They lost money the last two quarters of last year primarily due to inflation. The economy is still buying. Thus the -.03 eps prediction. Means flat numbers pretty much. A beat and this soars, and they canned the lady responsible for not being on top of earnings. You either believe or you don't. This race will go into September at a minimum.
dont know but…
i bailed before the dump, but am watching for re entry.
I believe you'd first need to look at the cause for the sudden rise in share price to begin with.
Was it based upon positive product news, or was there an orchestration of sorts, by a trading group or two, that led to the share price escalation?
TUP.....Covered 3.18 and 4.45 short @ 2.89