With the rise of thematic investing, the number of investment options keeps growing. John Gagliardi, Regional Brokerage Consultant at Fidelity, joins us to explain how investors can sift through stocks and find the investments they're interested in.
Gagliardi broke down the most popular themes sweeping Wall Street. He is seeing a lot of interest in the FinTech, pharma, and natural foods categories. Gagliardi demonstrates how investors can use Fidelity's tools to identify companies with exposure to artificial intelligence.
Gagliardi also shows us Fidelity's new tool for identifying investment themes. For investors who are not comfortable investing in single stocks, Gagliardi uncovered ETFs that can give diverse exposure to popular themes.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
