53.96 -0.01 (-0.02%)
Pre-Market: 8:29AM EDT
|Bid||52.61 x 1200|
|Ask||0.00 x 800|
|Day's Range||53.74 - 54.58|
|52 Week Range||36.42 - 56.40|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||18.61|
|Earnings Date||Sep 18, 2019|
|Forward Dividend & Yield||1.96 (3.62%)|
|1y Target Est||53.73|
Investors will turn their attention to Washington this week, as the Federal Open Market Committee gears up for its two-day meeting and representatives from big tech companies head to Capitol Hill to testify.
General Mills' (GIS) Pet segment is likely to contribute to the top line in Q1. However, the North America Retail segment may remain pressurized.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.Earnings season has ended, and once again, stocks have rallied. One might think that a lighter earnings calendar would be troublesome for stocks, given that news for U.S. corporations remains mostly positive. It hasn't played out that way.Indeed, stocks began to gain in early June once earnings reports had slowed to a trickle. The S&P 500 then turned south in late July -- at the peak of earnings season. Last week, with reports for major companies pretty much complete, U.S. equities again bounced: as of this writing, the S&P 500 is back above 3,000.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt has been an odd trend, but one that suggests the rally in stocks has at least a month to go. Interestingly, the earnings calendar does give investors a chance to check that thesis next week.There actually are several key companies reporting next week that will give data on key areas of the economy and the market. Darden Restaurants (NYSE:DRI) can give a read on the confidence of the consumers who are supporting the economy. Results from office furniture manufacturers Herman Miller (NASDAQ:MLHR) and Steelcase (NYSE:SCS) should show confidence on the business side. Reaction to the second-quarter report from Chewy (NYSE:CHWY) will highlight investor attitudes toward, and patience with, newer IPO stocks, some of which have struggled. * 10 Recession-Resistant Services Stocks to Buy But three earnings reports next week look even more helpful in trying to judge investor sentiment at the moment. A classic tech growth stock will get another challenge. An economic bellwhether delivers an always-important release. And a consumer leader will update on the progress of its turnaround in an industry that has seen some trouble. For investors trying to figure out if history will repeat itself, these are the three earnings reports to watch now. FedEx (FDX)Source: Mike Mozart via FlickrEarnings Report Date: Tuesday, September 17, after market closeEarnings from FedEx (NYSE:FDX) historically have been seen as a proxy for corporate sentiment. After all, FedEx revenue was pretty much directly linked to U.S. business spending. Strong results from FedEx usually meant confident executives and a positive macroeconomic outlook.FedEx doesn't quite have the status it used to, but its report still matters. FedEx management actually has been bearish in recent quarters, owing in large part to trade war issues. With the domestic economy still strong, management might have different news to deliver this time around. And a bullish stance from FedEx could be enough of a catalyst to give U.S. equities a further boost.Meanwhile, the quarter is a key one for FDX stock itself. FDX shares have been stuck in a range since December. They're down over one-third from early 2018 highs. Investors are worried about pending competition from Amazon (NASDAQ:AMZN) and a potential cyclical turn. For a rally into earnings to hold, FedEx needs to put up a strong quarter and inspire some confidence from investors in itself. Adobe (ADBE)Source: r.classen / Shutterstock.com Earnings Report Date: Tuesday, September 17, after market closeAdobe (NASDAQ:ADBE) seemed to get the benefit of the doubt after its fiscal second-quarter report in June. The combination of soft guidance and a high valuation often sends a stock tumbling, but ADBE actually rose after the report, and kept climbing.In a seeming reversal of the market-wide trend, it's been a lack of news that's been trouble for Adobe stock since. ADBE has pulled back 11% from late July highs, and heads into earnings near a three-month low. * 7 Tech Stocks You Should Avoid Now With that pullback, Adobe stock looks more intriguing at 28x forward earnings. But at that multiple, and with growth likely to slow at some point, ADBE still has valuation concerns. That makes earnings an interesting test. Does a strong earnings report lead Adobe stock to rebound? If the answer is no, that suggests valuation is becoming a more important factor in the cloud space. That would make Adobe earnings an omen for other stocks across tech. General Mills (GIS)Source: Shutterstock Earnings Report Date: Wednesday, September 18, before market openEarnings from General Mills (NYSE:GIS), too, will impact entire sectors. GIS stock was collapsing less than a year ago, but increasing investor optimism toward its turnaround, and its pivot into pet food, has led to strong performance in 2019.It's important to the industry that General Mills keep performing with its fiscal Q1 report on Wednesday morning. After it looked last year like the consumer packaged goods space was in trouble, many stocks have rallied. There's a growing belief that the industry can adapt to competition from smaller, focused brands -- and from private label rivals being backed by supermarket customers.General Mills numbers need to be good enough to keep that confidence intact. This is a stock up 39% so far this year in a sector that, with a few exceptions, generally has rallied. Investors clearly are pricing in better news going forward. If General Mills can't deliver, there's a long way down to go.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
General Mills (GIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
General Mills' (GIS) first-quarter fiscal 2020 results are likely to benefit from key global strategies, though cost inflation is a headwind.
Kroger (KR) is making investments to expand grocery offerings and e-commerce presence. However, incremental investments may keep margins under pressure during the second quarter.
Oracle's (ORCL) Q1 results are expected to gain from solid adoption of cloud-based services and latest Autonomous Database. However, lawsuit expenses challenging JEDI cloud contract remains a concern.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Entrepreneurs, industry leaders and problem solvers come together to drive visibility, connectivity and growth for Minnesota’s food and agriculture sector. Registration is open for the second annual Food | Ag | Ideas Week in Minneapolis and St. Paul, Minn., October 10-15, 2019. This event uniquely convenes entrepreneurs, for-profit and non-profit leaders, growers, investors and others to create a more interconnected, dynamic and competitive ecosystem for food and agriculture entrepreneurship and innovation.
The Zacks Analyst Blog Highlights: General Motors, Caterpillar, J & J Snack, General Mills and Vector
Conagra (CAG) plans to develop a new innovation center in Chicago, to primarily cater to product development requirements in the snacking unit.
Manufacturing activity in the United States has contracted for the first time since 2016 due to the ongoing trade tussle between the United States and China.
Although restructuring actions and dismal publishing unit act as deterrents, John Wiley's (JW. A) fiscal Q1 results are likely to gain from robust sales in other segments and transformation efforts.
Casey's (CASY) remains on track with its value creation plan. The company's price and product optimization strategy, and cost containment efforts will help augment the bottom line in the first quarter of fiscal 2020.
Tyson Foods (TSN) highlights potential headwinds in Q4 that are likely to dent performance. Consequently, management trims fiscal 2019 view.
Dean Foods (DF) is being hurt by rising costs of class I raw milk and receding fluid milk volumes. Nevertheless, its cost-productivity program is likely to provide some respite.
Kellogg's (K) top line has been rising year on year for a while, owing to its focus on innovation and acquisitions. However, input-cost headwinds persist.
Science Applications' (SAIC) second-quarter fiscal 2020 results are likely to gain from new business wins and the Engility acquisition.