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Investors take a cautious approach ahead of Fed's plan to cut bond purchases
... profits are expected to grow 39.3% year-over - year, according to Refinitiv IBES data. The Nasdaq 100 e-minis were down 8 points, or 0.02%, and Dow e-minis were down 2.75 points, or 0.06%, as well as S&P 500 e-minis were down 2.75 points, or 0.06%. Clorox Inc went up by 1.6% after the bleach maker posted upbeat first-quarter results. The mall operator raised its 2021 forecast for profit and quarterly dividends, and Simon Property Group added 4.2%. Pfizer Inc gained 2,4% after the company raised ...
Updated: 11/02/2021
Wall Street just got back to full-year highs
..., shortages and cost pressures. Each of the S&P 500, Dow and Nasdaq rallied to fresh highs on Monday as more corporate earnings results exceeded expectations and defied concerns over ongoing supply chain constraints, shortages and cost pressures. Clorox CLX became one of the latest major names to top estimates in results posted Monday after the closing bell, with the cleaning supplies and home goods company topping third-quarter sales and profits estimates and reaffirming its full-year guidance ...
Updated: 11/01/2021
Wall Street is gearing up for big economic events
... Financial data, November has been the best month of the year for stocks over the past 10 years and since 1950. Fresh catalysts for the markets are due out later this week. Investors will be eyeing a slew of new quarterly earnings results for companies from Clorox CLX to CVS Health Corp. CVS Lyft LYFT and Square SQ on the back of what has been an already strong earnings season. As of Friday, just over half of all S&P 500 companies had reported actual third-quarter earnings results and 82% of these topped ...
Updated: 11/01/2021
Earnings from big names set to feature in the coming days
... tapering process of the agency's bond buying program mentioned in the September meeting minutes. FOX Business takes a look at the upcoming events that are likely to move in the coming days. On Monday, earnings will be PG&E before the market open and Clorox after the bell. As for economic data, investors will be watching car sales, construction spending, and the Institute of Supply Management's manufacturing PMI. In the world of politics, President Biden will head to Glasglow, Scotland to attend ...
Updated: 10/31/2021
Consumer staples just dropped for the first time in 30 years
... currently rife with underperforming stocks. Shares of Campbell Soup, Creme, Hormel and Conagra brand have all fell in the past six months, per Yahoo Finance analysis. Over in the consumer product arena, Kimberly-Clark shares shed 16% in six months, while Clorox has dropped 5%. The S&P 500 is up since mid-April, though its stock is lagged 2%. The S&P Consumer Staples Index is down 5% going back to early September. Although CPG companies are volatile and challenging i.e. higher inflation risking downside ...
Updated: 10/06/2021
Kroger to expand in-store trials of reusable packaging
... expected to be given first to customers, which would include Kroger 's own-brand essentials such as Simple Truth soaps, but the majority of the goods will be from National Brands. Companies such as Unilever , Procter Gamble Nestle, Coca-Cola and Clorox are some of Loop's initial partners, but it wasn't immediately clear which of these companies would be part of Kroger 's global test. Customers will be charged a minimum deposit fee that can then be recovered on return through Loop's mobile app,...
Updated: 09/22/2021
California pot producer TPCO beats quarterly revenue forecast
... pandemic. - Californian pot producer TPCO Holding Corp , more commonly known as the Parent Company , beat estimates for quarterly revenue on Monday as demand surged for weed-infused products during the pandemic. The Jay-Z backed company also said that Clorox Co CEO Steve Allan would be replacing Troy Datcher as its chief executive officer, without giving a reason for the change. Formed earlier this year with the merger of a blank-check company and three Californian cannabis companies, TPCO sells ...
Updated: 08/16/2021
One part of the COVID boom has been discounted by investors
This article appeared first in the Morning Brief. Clorox stocks are wiped out of their COVID gains. On April 11, 2020 the World Health Organization declared COVID - 19 a pandemic worldwide. This article appeared first in the Morning Brief. Clorox stocks are wiped out of their COVID gains. On April ...
Updated: 08/04/2021
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