Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (48% of sales as of the end of fiscal 2025), chocolate (33%), gum/candy (10%), beverage (3%), and cheese and grocery (6%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury. The firm derives around one-third of its revenue from developing markets, around 40% from Europe, and more than one-fourth from North America.

Mondelez International Inc., headquartered in the Chicago suburb of Deerfield, Illinois, is one of two successor companies from the 2012 break-up of Kraft Foods. The company name was created by employees and is hybrid of the Latin word for world (mundus) and a modification of 'delicious.' Mondelez sells products in over 150 countries and has operations in more than 80 countries and production facilities in 46 countries. The company holds many well-known brands including Oreo cookies, Chips Ahoy, Ritz crackers, belVita biscuits, Cadbury Dairy Milk, Clif, and Toblerone. The company has approximately 91,000 employees. The shares are a component of the S&P 500.

The big earnings news this week comes from Nvidia and Walmart, and follows worries at the end of last week about renewed inflation and rising yields. Last week, the Dow Jones Industrial Average fell 0.2%, while the S&P 500 rose 0.1%, and the Nasdaq gained 0.1%. Year to date, all three indices remain in positive territory, with the DJIA up 3%, the S&P 500 up 8%, and the Nasdaq up 13%. On the earnings calendar, highlights include Home Depot, Toll Brothers, and CAVA Group on Tuesday; Nvidia, TJX, Lowe's, and Target on Wednesday; Walmart, Deere, Ralph Lauren on Thursday; and Williams-Sonoma on Friday. Some 91% of S&P 500 companies have reported so far, and overall earnings are up 28% from last quarter. Information Technology, up 53%, and Communication Services, up 51%, are leading the pack. At the bottom are Healthcare, down 3%, and Energy, down 1%, according to LSEG I/B/E/S. The economic calendar is light this week. The minutes of the Fed's last rate meeting in May will be released on Wednesday; data on Housing Starts and Building Permits on Thursday; and an update on Consumer Sentiment on Friday. Turning to economic data and forecasts, gas prices are rose another five cents last week and are now at an average of $4.50 per gallon for regular gas. The Atlanta Fed GDPNow forecasts 4.0% GDP growth for 2Q, which compares to the 2% actual reading for 1Q. The Cleveland Fed Inflation Nowcast forecast for CPI in May is 4.2%, compared to the 3.8% print for April and 3.3% in March. Mortgage rates remained essentially flat last week, down one basis point, with the average 30-year fixed-rate mortgage now at 6.36%, according to FreddieMac. The next Federal Open Market Committee (FOMC) meeting is on June 17. Odds are at 1% for a rate cut. Kevin Warsh now officially holds the top job at the Federal Reserve, while outgoing Chairman Jerome Powell will remain on the as a governor. Taking a deeper dive into performance so far in 2026, a leading industrialized global stock market index, the ETF EFA, is up 6% year to date. The leading emerging market ETF (EEM) is up 19% year to date. U.S. growth stocks are up 4% year to date when looking at ETF IWF, while value stocks (IWD) are up 10%. Crude oil prices continue to be volatile. On Friday, oil was at $101 per barrel and up 75% for the year so far. In other asset classes for the year t -date, AGG bonds are down 2%, gold is up 4%, and Bitcoin is down 10%. The U.S. dollar is up 1%, tracking DXY. The VIX volatility index was about 18 on Friday, below its historical average of 20.

Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (48% of sales as of the end of fiscal 2025), chocolate (33%), gum/candy (10%), beverage (3%), and cheese and grocery (6%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury. The firm derives around one-third of its revenue from developing markets, around 40% from Europe, and more than one-fourth from North America.