GE Looking Like The Next Citi/B of A
General Electric, in the single digits, is starting to trade like Citi and B of A (GE Chart).
General Electric, in the single digits, is starting to trade like Citi and B of A (GE Chart).
Yesterday on Kimberly Clark’s (KMB) 4Q22 earnings conference call, CEO Mike Hsu offered to take Barclay’s analyst Lauren Lieberman to KMB’s “war room on poop superiority”. Lieberman replied that it was on her 2023 agenda. Apparently this is an expensive…
Four earnings reports out today from prominent retailers show that US consumer spending is clearly in recession: Men’s Warehouse (MW) – “You’re gonna like the way you look. I guarantee it!” – reported a 7.8% decrease in same store sales at…
Cigarette producer Altria (MO) reported 1Q23 earnings Tuesday morning. While they confirm that smoking is in secular decline I still like the stock. Cigarette volume declined 11.4% year over year resulting in a 3% decline in revenue. Nevertheless, MO reaffirmed…
Farm equipment maker John Deere (DE) reported stellar earnings this morning and the stock is currently +5% in the premarket which would put it right around all time highs if it holds in the cash session. The earnings were superb….
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Next week is the last with significant data and events of 2022. First comes the November CPI Report on Tuesday December 13 at 8:30am EST. As long as it isn’t above October’s 7.7% I think the market should be fine….