Agricultural commodities (i.e. food) are increasing in price for the same reason that all commodities are: extraordinarily loose monetary policy for almost 15 years – and especially post-COVID. Obviously food is a necessity which means that as inflation squeezes consumers’…
In the wake of Lockheed Martin’s (LMT) underwhelming 1Q22 earnings report Tuesday morning, WSJ Heard on the Street columnist Jon Sindreu argued in Wednesday’s paper that defense stocks may be at “the peak of the wave” after a nice post-Ukraine…
Netflix (NFLX) reported a disastrous 1Q22 after the close Tuesday. Global streaming additions fell by 200,000 – the first decline I can recall – and even worse they guided 2Q22 to a net loss of 2 million subscribers. When a…
Yesterday I wrote about Procter & Gamble (PG) – the $400 billion consumer staples behemoth that belongs in your portfolio. This morning I’m going to write about its health care equivalent – $475 billion Johnson & Johnson (JNJ) – which…
Right now pricing power is the name of the game – “Inflation-Proof Stocks In Demand” [SUBSCRIPTION REQUIRED], WSJ B1, Monday 4/18 There was an article in today’s WSJ on the demand for “inflation-proof” stocks. This is exactly the right idea…
Boston Beer (SAM) – the maker of Sam Adams – is a great company that made a mistake. They over estimated the demand for hard seltzer which the end of the pandemic upended. As a result, from guiding 2021 EPS…
I want you to pay special attention to this blog because it can make you a lot of money. Here’s the thing: there was a secular bull market in technology stocks from 2009 through 2021 that investors made a lot…
The March CPI came in +8.5% year over year and +1.2% month over month. For whatever reason stocks initially jumped on the number before giving back all the morning gains and closing red on the day. I’m not sure how…
$19 billion supermarket behemoth Albertsons (ACI) reported earnings Tuesday morning for the quarter ended February 26, 2022. ACI owns Lucky’s, Safeway and its namesake brand as well as a number of others. ID sales were +7.5% and adjusted EPS 75…
Used car retailer Carmax (KMX) reported earnings Tuesday morning and it got double whammied by inflation. Used car sales units declined 15% compared to the previous quarter and 28% from the peak 2Q21. This is likely a function of higher…