Coca-Cola: Can you say pricing power?
This morning before the stock market open Coca-Cola reported earnings of 69 cents a share for the third quarter. That was up from 65 cents a share in the third quarter of 2021 and was above the 64 cents a share expected by Wall Street analysts. Revenue of $11.1...
I’m selling Chipotle Mexican Grill out of my Jubak Picks Portfolio
In yesterday’s YouTube video ( Beat the coming recession) I explained that a recession works by peeling the sock market onion. With each step down in the economy, more stocks report negative surprises or issue negative guidance. Investors and traders sell those...
Demand destruction? Inflation? Yep–Starbucks and Dunkin’ see traffic decline in June
According to new data from foot traffic analytics platform Placer.ai, coffee visits at big coffee chains like Dunkin’ and Starbucks (SBUX) dropped below traffic for quick service restaurants for the first time all year during June. The drop in June is quite a...
Consumer staples outperform on Wednesday
It’s not surprising given the greater than expected decline in U.S. first quarter GDP reported on Wednesday, which followed on the slump in consumer confidence reported Tuesday, that stocks in the consumer staples sector outperformed both consumer discretionary...
Bad day for consumer stocks; good day for commodity shares
The Conference Board’s latest reading on consumer confidence showed consumer expectations in June fell to their lowest level since 2013. The consumer confidence index for June fell to 98.7 from 103.2 in May, below expectations for a reading of 100. The...
My candidates for gains tomorrow after some of today’s more mindless selling? Coke and Pepsi
Ok, the bad news on profit margins from Target (TGT) was a big deal. No argument. When you’re operating margin falls to 5.37% when Wall Street was projecting 9.5%, it’s a big deal. And after yesterday’s earnings miss from Walmart (WMT), it’s...
Inflation takes a huge bite out of Target income–and the market worries, big time
As of 3:30 p.m. Wednesday May 18 shares of Target (TGT) were down 25% for the day after the company reported a big earnings miss for the first quarter. Let’s be clear. The sales picture at Target was very positive for the quarter. Same store sales were up 3.3%...
Adding PepsiCo to my Dividend Portfolio on payout increase and demonstrated pricing power
Last week PepsiCo (PEP) declared a quarterly dividend of $1.15 a share, up about 7% from $1.075 a share. That brings the dividend yield up to 2.7%, almost exactly Coca-Cola’s (KO) 2.72% yield. On the basis of that yield and the pricing power that the company...
Yes, stocks bounced back today; No, everything is not all right with the markets or the economy
Yesterday the Standard & Poor’s 500 fell 1.14% and market leading stocks such as Applied Materials (AMAT) dropped 0.78%. Big drug stocks made up the only sector in the green as Pfizer (PFE) rose 2.59%,and AbbVie (ABBV) gained 1.23%. The fears yesterday were...
I’m looking for a test of Friday’s rotation into tech stocks
This week I expect a test of the Friday’s rotation into technology stocks and away from anything that depends on economies remaining relatively free of Pandemic restrictions. On Friday, the winners were technology shares–Apple, Amazon, Tesla, Nvidia, for...
Soaring retail sales add to the day’s gains for stocks
Retail sales rose a stunning 9.8% in March from February’s pace, the Commerce Department reported today, April 15. In the earlier month retail sales fell 2.7%. You don’t need a weatherman to know which way the wind blows or a Nobel-prize-winning economists...
Don’t forget the “animal spirits”
I left my keyboard at 11:30 this morning to go for a walk in my neighborhood. The temperature was near 60 degrees in New York City. The sun was out. Restaurants with outdoor space were full. Columbia and Barnard students were out in skirts and even a few tank tops....
Initial claims for unemployment climb this week: economists had forecast a continued drop in new filings
New claims for unemployment at regular state-run programs rose by 135,000 in the week ended August 15 to 1.1 million. Initial claims for unemployment were 970,000 in the prior week. Economists had expected that initial claims would drop to 920,000 this week. Wall...
Back to tech: For a day (at least) rotation is over
Today, August 12, the rotation out of tech winners and into beaten-up consumer and industrial stocks is over. As of the close today. the Standard & Poor’s 500 was up 1.40% but the NASDAQ Composite was ahead 2.13%. The Dow Jones Industrial Average was higher...
Selling Restaurant Brands into today’s “another coronavirus rescue bill” bounce
There was that little detour for the complete and utter meltdown in the oil market, but now I’m resuming my plan to sell into the “re-opening the economy rally.” That rally is in its last stages I believe, with its life extended by another...
Coca-Cola says it starts to feel the coronavirus slowdown in April
Coca-Cola (KO) beat on earnings and revenue in the first quarter. But, the company said today, April 21, monthly volumes have slumped in April by about 25% globally. The most likely cause of the pattern: Consumers stocked up on Coke products as the coronavirus...
PepsiCo beats on earnings as usual
Before the open today, July 9, PepsiCo (PEP) announced second quarter earnings ahead of analyst expectations. But with the stock already up 21.69% for 2019 to date, the market shrugged. PepsiCo shares fell 0.62% at the close. PepsiCo has beaten analyst earnings...
No. 2 Value Pick Constellation Brands up 4.73% today on earnings
On June 26 I added Constellation Brands (STZ), my No. 2 pick in my 5 Best Value Picks Special Report on my JubakAM.com subscription site to my Volatility Portfolio on JubakAM.com and JugglingWithKnives.com. Today, June 28, Constellation Brands closed 4.73% higher on...
Bad retail sales results from Macy’s fail to dent stocks
Big-box retailer Macy’s (M) cuts its guidance for comparable store sales, earnings, and revenue for fiscal 2019 on weaker than expected holiday sales. Kohl’s (KSS) reported a 1.2% increase in holiday comparable store sales. The company said that fiscal...
McDonald’s jumps on earnings beat
McDonald’s reported a solid earnings beat of 12 cents a share ($1.79 vs expectations for $1.67) before the market opened today, April 30. Revenue fell 9.5% year over year to $5.14 billion but that was still ahead of the $4.97 billion Wall Street consensus for...
PepsiCo beats on third quarter earnings and ups guidance
PepsiCo (PEP) announced third quarter earnings of $1.40 a share, well above analyst estimates for earnings of $1.32. (That’s year over year earnings growth of 4%.)Revenue of $16 billion was down 1.9% year over year–although it would have been up 4.2%...Jim’s Daily Email Alerts:
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