50.40 -0.03 (-0.06%)
After hours: 7:54PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||50.20 - 50.58|
|52 Week Range||50.20 - 58.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
Philip Morris International (PM) posted its 1Q18 earnings before the market opened on April 19, 2018. The company reported adjusted EPS (earnings per share) of $1 on revenue of $6.9 billion. The company’s EPS rose 2.0% YoY (year-over-year), while its revenue rose 13.7%.
Last week was a tough one for consumer-staples stocks, with the Consumer Staples Select Sector SPDR ETF (XLP) losing nearly 3% on Thursday alone. The sector was hit from all sides, with disappointing tobacco volumes from Philip Morris International (PM), lackluster organic-sales growth guidance from Procter & Gamble (PG), as well as plenty of downgrades, for companies including Kraft Heinz (KHC), Smucker (SJM), and Campbell Soup (CPB). Credit Suisse's Robert Moskow was responsible for those three downgrades, and on Monday he reiterated that consumer-staples stocks could see more pain ahead. Moskow writes that he got plenty of questions from investors after his downgrades last week about how much more the multiples on consumer-staples stocks can contract.
Procter & Gamble (PG) reported weak sales and earnings growth in fiscal 3Q18 (period ended March 31, 2018) on April 19, 2018. The company’s stock fell 4.2% after the release and closed at $74.95. Procter & Gamble’s soft organic sales and tepid margin performance sent the stocks of other major CPG (consumer packaged goods) companies down as investors fear that price competition, business reinvestment needs, and inflation in commodities and transportation costs are likely to dent the financials of these companies.
According to FactSet, Thursday is poised to be the worst trading session in the history of Phillip Morris since being spun off from Altria Group Inc. in March of 2008. The drop weighed on Altria, which sank 8.3%. The staples sector was also pressured by Procter & Gamble Co. , which lost 2.9% after it agreed to acquire a consumer-health business from Germany's Merck in a $4.2 billion deal.
With the US-China trade war tensions easing, last week was positive overall for the sectors in the S&P 500. The S&P 500 Index (SPY) was up ~2.0%. All the sectors in the S&P 500 rose with the exception of the utility sector, which saw a slight slide.
Philip Morris International (PM), an American tobacco company, is scheduled to announce its 1Q18 earnings before the market opens on April 19, 2018. In 4Q17, Philip Morris posted adjusted EPS (earnings per share) of $1.31 on revenues of $8.29 billion. The increase of 3.8% in total shipment volume, growth in RRP (reduced risk products) sales, and better-than-expected revenue in 4Q17 appear to have increased investors’ confidence, leading to a rise in the company’s stock price.
Putting aside the soon-to-be dismantled telecommunications sector, of the 10 major S&P sectors, only two finished the first quarter in the black--consumer discretionary, and of course tech. Consumer discretionary got a boost from the retail revival earlier this year, as well as outperformance from some bigger components. Nike (NKE) was one of the Dow Jones Industrial Average's five best performers this quarter, while Amazon.com (AMZN) made the S&P 500's top 10 list. The Consumer Discretionary Select Sector SPDR (XLY) rose 2.6% in the quarter.
Again very carefully. Are the new Facebook (FB) privacy disclosures enough? Or will Mr. Zuckerberg go to Washington? Stock is now “reasonable” at 18x for 18% 2018e EPS growth. Maybe you need a bigger cushion here? Amazon (AMZN) is on its on valuation planet, but just broke it’s 50 day moving average hard. Stock is back where it was all the way back in…January. Hmmmm. Google (GOOGL) is now getting caught up in the Facebook scandal. Rightly or wrongly, we don’t know yet, but the stock has broken all support and is on its own. The stock is only 19.5x e EPS for the next 12 months earnings growth of 30%. So it is getting in that cheap with a cushion range.
Walgreens Boots Alliance (WBA), based in Deerfield, Illinois, is slated to release its 2Q18 financial results on March 28, 2018. Walgreens stock has followed a downward trend this year, falling 9% so far, like many peers. Refer to the final part of this series to learn about the company’s stock market performance this year.
On March 9, Wall Street marked the nine-year anniversary of the long-term bullish uptrend we are currently in and, let’s face it, there has been a lot to celebrate. While there have been a few volatile periods during this nine-year run, most of this bullish uptrend has been characterized by steady spans of uninterrupted bullish moves higher.
Sectors like retail (XRT), including brick and mortar and online retailers (IBUY), are impacted by changes in consumer demand. At the same time, a lower level of demand for consumer goods could impact inflation (TIP) growth and aggregate demand in the economy, eventually leading to a recession. According to the latest conference board LEI report, new orders for consumer goods and materials were reported to have increased for the fourth-straight month to $141.05 billion from $140.98 billion.
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Fed chair Jerome Powell testified infront of the Senate on Thursday. Yahoo Finance's Seana Smith, Dan Roberts and Julia La Roche, along with Peter Kenny, chief market strategist of Global Markets Advisory Group, discuss the market's reaction to Powell's testimony and whether a fourth rate hike will
Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.