McCormick & Co. manufactures and markets spices, seasonings, mixes, and condiments for the consumer, industrial, and foodservice markets. The company has a market cap of about $16 billion.

The stock market saw some upside follow-through on Wednesday, but finished off its intraday highs. So we don't know whether the action was bullish, neutral, or bearish. Our intermediate-term technical indicators are all over the place -- which is what we would expect after the recent price action -- and we need more evidence to consider whether the worst is behind us or if we may see another leg lower. The S&P 500 (SPX) finished with a respectable 0.7% rise on Wednesday, placing the two-day rate-of-change (ROC) at 3.7%. That's the best reading since May 13, 2025. At its intraday peak, the index was up 1.2%, and ran right up to the falling 21-day exponential moving average (EMA) before running out of gas. It finished right at an initial 38.2% retracement of the decline. The Nasdaq 100 (QQQ) rose 1.2% after being up 1.8% and peaked at the 21-day EMA. Both indices recaptured their 50-week average but remain below their 200-day. The indices remain on intermediate-term (I.T.) sell signals, with the 10-week EMA below the 21-week EMA. Both the SPX and QQQ fell below their lower weekly Bollinger Bands last week, but might reverse that this week, which would be an I.T. buy signal. For confirmation, we'd like to see the indices break back above their middle bands, which sit near 6,790 for the SPX and 606 for the QQQ. The VIX/VXV (30-day volatility vs. 90-day vol) has spiked, reflecting that panic hit the market and, therefore, we might be near/at a bottom. The 21-day CBOE equity-only put/call ratio has been dropping since March 20, a bullish sign after it rose from late January. However, the 20-week EMA remains above the 21-week Average True Range (ATR) and is on a sell signal. Again, the data is all over the place!

In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix will be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal close, the combined business is slated to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales are slated to come from faster-growing emerging markets, with Europe (23%) and North America (36%) accounting for the remainder.

In its 135-plus-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond consumers, McCormick's customer base includes quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. Its reach is extensive, with nearly 40% of sales generated beyond its home turf to 150 countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.