October 18, 2023 | Daily JAM |
There’s a pattern here: If you’re a big enough consumer goods company with the ability to raise prices and not hurt sales, then the just-ended quarter was a pretty good quarter. Today, October 18, Proctor & Gamble reported fiscal first quarter net sales of $21.9 billion, up 6% from the prior year vs.a Wall Street consensus projection of $21.62 billion.
October 14, 2023 | Daily JAM |
Look for a big earnings test for regional banks and a feW clues about consumer goods, airlines, and autos. Last week ended with great earnings reports from Big Banks JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C). Big Bank earnings continue this week with Bank of America (BAC) and Goldman Sachs (GS) reporting on Tuesday. But the important news for the financial sector will come from the dozens of earnings reports from regional banks.
July 11, 2023 | Daily JAM, Morning Briefing |
U.S. consumers are reducing spending on staples such as toothpaste, laundry detergent, and toilet paper. The bad news for investors is that consumer staples stocks, seen as a safe haven as the economy slows and inflation continues above 3%, aren’t a safe as assumed in so many portfolios.
April 27, 2023 | Daily JAM, Videos |
Today’s Quick Pick is Procter & Gamble (NYSE: PG). P&G’s first quarter earnings were good and a bit of a surprise. Reporting at $1.37 for the quarter, they beat Wall Street expectations ($1.32) by five cents and they were up 4 cents year over year. The company also raised guidance for revenue growth to 4% in 2023, higher than the prior 1%. While the report was good, it wasn’t that much better–it was a modest beat. What interests me is the market’s reaction to the report. The stock has been rallying since early March, but when P&G released the report, the stock jumped 3.7%. To me, this shows a hunger in the market for the (supposed) safety of blue chip stocks. As worries of a slowing economy and a possible recession grow, stocks that produce reliable, regular growth become more valuable. As I mentioned in my 10 Picks to prepare for a recession on JubakAM.com, P&G is a good place to be during a mild recession. Different story in a major downturn. Then everything falls.
April 18, 2023 | COST, Daily JAM, GDX, GLD, GOLD, KO, Mid Term, PEP, RWM, Special Reports |
10 Picks for the Coming Recession. This one is especially difficult. Not only do I face the usual crystal-ball problem that comes up whenever you try to pick an investment for the future–what’s the macro and micro world going to look like in 6 months or a year from now–but I’ve got two big Recession-specific challenges. First, is there actually going to be a Recession in 2023? All the signs, in my opinion, point toward a recession in the second and third quarters, but it’s by no means guaranteed that we’ll have the two quarters of negative GDP growth that’s required by the minimal definition of a recession. And what’s the point, you might well ask, of making picks for a coming recession that never arrives? And, second, how bad will this recession be?
April 15, 2023 | Daily JAM, Short Term |
I expect the earnings season story for the coming week to continue to be dominated by banks. But whereas last week, Friday specifically, was all about big banks, this coming week will be dominated by earnings reports from regional and smaller banks. That’s the very kind of banks that are the focus of worry about the collapse of Silicon Valley Bank and Signature Bank. We will, however, get a sprinkle of earnings reports from non-bank names just to add some spice to the week.
February 20, 2023 | ADBE, Daily JAM, Jubak Picks, Long Term, MSFT, NVDA, Special Reports, Top 50 Stocks |
You can understand the gold rush: One AI stock is up 105% (and 78% in the last month) in 2023 as of the February 17 close.
But are shares of that company, the software artificial company C3A (AI), the stock you want to own, or is this stock simply a beneficiary of hot money jumping on anything that sounds like artificial intelligence? As one market observer put it on Seeking Alpha recently, “The ticker is more valuable than the company.” This doesn’t mean that the current revolution in artificial intelligence isn’t real. And here I give you my 7 picks for investing in the latest AI revolution
June 29, 2022 | COST, Daily JAM, Jubak Picks, KO, PEP, Perfect Five-ETFs, WMT, XLP |
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 stocks and the market in general. The Consumer Staples Select Sector SPDR ETF (XLP) gained 0.63% on Wednesday, June 29. By contrast the Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.08%.
January 19, 2022 | Daily JAM |
Procter & Gamble (PG) reported adjusted earnings of $1.66 a share for its fiscal second quarter. Analysts had expected the company to report earnings $1.65 a share. Revenue of $21 billion also came in ahead of Wall Street projections $20.34 billion. Organic sales climbed 6% in the quarter.
October 19, 2021 | Daily JAM, Morning Briefing |
Today, October 19, Procter & Gamble (PG) reported fiscal year first quarter earnings of $1.61 against Wall Street projections of $1.59. (That’s down 1% from the first quarter of the prior fiscal year.) Sales grew to $20.34 billion versus Wall Street expectations of $19.89 billion. Organic revenue growth was 4% against Wall Street expectations for 2.1%. So as the close today of the stock is down 1.18%. And the results today are seen as disappointing. To figure out why, look beyond those top of the report numbers to the squeeze on margins from higher raw materials costs and from rising expenses for shipping.
August 20, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My forty-third YouTube video “QuickPick: Procter & Gamble”-went up today.
July 16, 2021 | Daily JAM, Morning Briefing |
U.S. retail sales surged 18.0% in June from June 2020, the Commerce Department reported today. Demand for goods remained strong but spending is clearly shifting back to services. Stocks fell despite the good news with economic recovery and post-vaccine stocks taking the biggest hit. The Consumer Discretionary Select Sector SPDR ETF (XLY) fell 1.23% on the day. The Consumer Staples Select Sector SPDR ETF (XLP) gained 0.20%.