50.11 0.00 (0.00%)
After hours: 6:12PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.76 - 50.58|
|52 Week Range||49.76 - 58.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
What Do March Leading Indicators Signal for the US Economy? This trend makes changes to consumer goods (VDC) new orders a reliable forward indicator. According to the latest Conference Board LEI report, new orders for consumer goods and material increased to ~$139.1 billion in March compared to a revised February reading of ~$138.9 billion.
Consumer staples stocks and the related exchange traded funds have been anything but safe this year. For example, the Consumer Staples Select SPDR (NYSEArca: XLP), the largest ETF tracking the consumer ...
Kimberly-Clark (KMB) reported better-than-expected 1Q18 results on Monday, April 23, 2018. The company’s top-line and bottom-line results surpassed analysts’ expectations. However, investors didn’t care much, and the company’s stock fell about 1.5% as persisting challenges, especially on the margins front, remained a drag.
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.
FAANG and industrials stocks lead US markets lower as the yield on the 10-year treasury crosses above 3%. Yahoo Finance’s Seana Smith and Jared Blikre break down the latest market action.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the iconic beverage giant reported first quarter 2018 financial results.
Yahoo Finance's Seana Smith on US stocks losing ground, Apple and Nvidia shares under pressure after chip partner issues weak guidance, Qualcomm slides on layoffs and Amazon shares jump after CEO Jeff Bezos announces Prime has more than 100 million members.