U.S. egg prices are lower just in time for Easter.
Egg Slide
Earnings 04/17/2019
From Yesterday Aftermarket IBM came in at adjusted earnings of $2.25 a share and revenue of $18.18 billion, estimates were $2.23 per share, revenue $18.53 billion. Full year adjusted earnings outlook was reiterated to "at least $13.90" a share. BLK reported $6.61 per share and revenue of $3.35 billion. Estimates were $6.02 per share, revenue … Continue reading Earnings 04/17/2019
Momentum
Days like Monday may be just what the S&P 500 needs to sustain a comeback from fourth-quarter losses
Earnings Update
Johnson & Johnson reported $3.75 billion or $1.39 per share, Analysts expected $1.67 per share. JNJ made $2.10 an adjusted share, beating estimates. JNJ raised its full-year financial target, sales strength in its pharma division, weakness in other segments. Full year earnings expected to be between $8.53 to 8.63 vs $8.50-8.65. Expects operational sales to … Continue reading Earnings Update
Financials Earnings
Goldman Sachs () reported better-than-expected EPS but missed revenue estimates due to weakness in its Investing and Lending segments. Charles Schwab () reported better-than-expected Q1 EPS and revenue results. Citigroup () reported a quarterly profit of $4.71 billion, $1.87/share, Analysts expected $1.80/share. Revenue fell short of estimates, $18.567 billion vs $18.634 billion estimate. Trading revenue … Continue reading Financials Earnings
Waste Management is Buying Advanced Disposal Services
In a 4.9 billion dollar deal, Waste Management() announced its agreement to acquire Advanced Disposal Services(). WM will pay $33.15 a share, over a 20% premium from ADSW's closing price on Friday. The merger would combine the #1 and #4 waste management companies.
Amazon 3rd-Party Sellers
Amazon.com Inc. () is increasingly becoming an online marketplace, rather than a retailer. The proportion of sales made by other companies through Amazon has increased every year since 2007 and surpassed 50 percent for the first time in 2015, according to data cited Thursday by Chief Executive Officer Jeff Bezos in an annual letter to … Continue reading Amazon 3rd-Party Sellers
Disney+ announcement
At a cost of $6.99/month or $69.00/year Disney () announced it's online streaming content at it's investor conference yesterday. Expected to launch in November, Disney expects all of the Pixar library, all of the Star Wars movies/shows, a lot of the Marvel universe, including exclusive streaming of Captain Marvel and much more. They've added a … Continue reading Disney+ announcement
Tech and Developed Markets Europe Asia Far East
Stocks have risen more in the U.S. than in other developed markets primarily because of a performance gap between two industry groups. Technology accounted for 21.4 percent of the S&P 500’s value as of Tuesday and just 6.3 percent of EAFE’s, according to data compiled by Bloomberg. Finance was weighted at 12.8 percent and 18.9 … Continue reading Tech and Developed Markets Europe Asia Far East
Higher Gas Prices, but Inflation Still Low
The Bureau of Labor Statistics released their consumer price index summary this morning.. The consumer price index increased by 0.4% in March after a 0.2% rise in February. It matched forecasts so no surprises there. The all items index increased 1.9% over the past 12 months ending March, up slightly from the 1.5% rise for … Continue reading Higher Gas Prices, but Inflation Still Low