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It's a signal to rally another 300 points
The media continues with this “the sky is falling” narrative. Yet, CEOs around the country continue to talk about a strong economy and business expansion. Who do you believe?
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Clorox beats earnings expectations, while sales were in lineClorox Co. reported Monday a fiscal second-quarter profit that beat expectations, while sales matched views. The consumer products company's stock was still inactive in premarket trade. Net income fell to $182 million, or $1.40 a share, from $233 million, or $1.77 a share, in the same period a year ago, which included a one-time benefit from tax reform. The FactSet consensus for earnings per share was $1.30. Sales rose 4% to $1.47 billion, in line with the FactSet consensus, as better-than-expected cleaning and lifestyle segment sales offset a miss in household sales. The company affirmed its fiscal 2019 guidance ranges for sales growth of 2% to 4% and for EPS of $6.20 to $6.40. The stock has lost 2.8% over the past three months, while the SPDR Consumer Staples Select Sector ETF has given up 3.4% and the S&P 500 has slipped 0.6%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Apple reports 62.8 percent margin in services business as it discloses unit's profit for first timeApple's earnings report revealed the company has a 62.8 percent profit margin from its growing services business, which includes Apple Pay. Who cares?
Source: CNBC - 🏆 12. / 72 Read more »