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☆ These companies slated to report next week have a history of beating earnings estimates, including one tech giant
▼ + stars: | 2024-04-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Nearly 76% of companies that have reported have beaten earnings expectations, while 59% have come in above analysts' expectations for revenue. A diverse group of companies reports results next week, on track to be the busiest one of the season. A company's earnings results are, of course, integral to both its near- and long-term performance. As a result, CNPC Pro screened stocks slated to report their earnings next week for those that have a history of beating analysts' expectations. The workflow automation platform beats earnings expectations 89% of the time.

Persons: They've, Meta, Piper Sandler, Five9, Baird, William Power, —, Robert Hum, Fred Imbert Organizations: Dow Jones, Technology, Microsoft, Meta, Humana, Comcast, Chubb, Visa, Investment Group, JPMorgan, Citi, Cloud Locations: industrials

The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months. Select S & P 500 sectors YTD Communication Services up 15% Technology up 12% Energy up 11% Financials up 11% Industrials up 10% Health Care up 8% The only sector down this quarter is real estate, off by 3% in the period. About 70% of the S & P 500 is in the green this year. The S & P 500 advance/decline has been on a tear since the middle of January, with far more stocks advancing on a daily basis than declining. "We saw persistent strength with the S & P 500 up every month from November through February, and this has nearly always been followed by more months of strength," he said.

Persons: Todd Sohn, Strategas, It's, Russell, Ned Davis, Davis, Alec Young Organizations: Communication Services, Technology, Energy, Care

☆ Get ready for a more volatile Dow with the Amazon addition
▼ + stars: | 2024-02-26 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

Will a more volatile Dow Jones Industrial average follow suit after Amazon's addition? Amazon joins the Dow Monday, as the 127-year old index adds a much higher-beta stock that could bring some bigger moves with more frequency going forward. Remember, that for every $1 any Dow stock moves, the index moves roughly 6.5 points. But contrast Amazon's moves to even Walmart, which had essentially the same share price pre-split as Amazon (WMT $175.56, AMZN $174.99). Apple had a share price of about $127 when it was added in March 2015 (price based on pre-2020 4-for-1 split levels).

Persons: Will, it's Organizations: Dow, Walgreens, Walmart, Apple

☆ Walgreens earns a unwanted title as it's booted from the Dow for Amazon. How it happened
▼ + stars: | 2024-02-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Walgreens has the dubious distinction of being one of the stocks that has had the shortest duration in the Dow Jones Industrial Average. At $22, Walgreens has the lowest stock price in the index, which traditionally would make it a target for replacement. "Since the indexes are price weighted, the Index Committee evaluates stock price when considering a company for inclusion. Right now, the highest priced stock, UnitedHealth Group , is more than 23 times the value of the lowest priced stock, Walgreens. Finally, one wonders how Uber executives feel about the decision to put them into the Dow Jones Transportation Index.

Persons: Dow Jones, Dow Industrials, Uber, CNBC's Robert Hum Organizations: Walgreens, Dow Jones, Alliance, Dow, UnitedHealth, Walmart, WBA, General, General Electric, U.S Rubber, GE, Dow Jones Transportation, JetBlue, Transports, Avis

☆ Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch
▼ + stars: | 2024-02-02 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024. Here's how big of a surprise corporate profits have been this earnings season: the fourth-quarter is now shaping up to be the best of 2023. Despite ongoing macroeconomic concerns that have hampered demand and weighed on consumer sentiment, almost halfway into earnings season, profits are clearly coming in far better than anybody expected. Helping companies' bottom lines this round: easing input costs; more emphasis on cost controls and efficiencies; and significantly reduced expectations. LSEG, formerly Refinitiv, is now seeing a nearly 8% rise in earnings growth this season.

Organizations: New York Stock Exchange, Apple, Chevron, Exxon Mobil, Merck, Bristol, Myers Squibb, Energy, Tech Locations: New York City, U.S

Their huge and growing earnings, combined with a large number of shares outstanding, mean that the three companies exert a bigger influence on the S & P 500 earnings picture than any other. Fourth quarter earnings for the entire S & P 500 are expected to rise about 5% over the same period in 2022. For share-weighted earnings, the earnings (or earnings estimates) for each company are multiplied by the shares outstanding. What this means is that companies that are experiencing a rapid increase in their earnings can begin to exert an outsized influence on S & P 500 earnings. In a world where the S & P 500 is expected to see earnings growth of 10% this year, Nvidia's earnings growth is off the charts.

Persons: Technolgy, Nvidia —, John Butters, Jensen, Howard Silverblatt Organizations: Microsoft, Apple, Nvidia, Meta, P Global Locations: FactSet

The declines have come from just about every sector, with the exception of technology, which has seen its earnings estimates rise since October 1. A good example: IBM , which beat earnings expectations and highlighted an uptick in demand for artificial intelligence products and services. Outside of technology, earnings expectations are lower than three months ago, but are now rising again. "The market has been anticipating improving earnings expectations, and it's getting them. By that I do not mean that earnings estimates are rising, I mean they are not getting cut as much anymore," Raich added.

Persons: Nick Raich, it's, Raich, Sherwin, Williams, Heidi Petz, Kimberly, Clark, Nelson Urdaneta, that's, shipper J.B, Hunt, John Roberts, McCormick, Gamble, STMicroelectronics, Jim Fitterling, DuPont, hasn't, ASML, Andre Schulten, Baker Hughes Organizations: IBM, Treasury, Scout, Paint Stores, Insurance, Procter, Swift Transportation, Dow Inc, Texas, 3M, Gamble, FedEx, Humana, Adobe, Dupont Locations: Americas, China

☆ A stealth inflationary cost is hitting corporate profits and consumer wallets
▼ + stars: | 2024-01-19 | by ( Robert Hum | ) www.cnbc.com time to read: 1 min

A stealth inflationary cost is biting into corporate profits. In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14% in the last quarter. Homeowner renewal premiums spiked 21%, while those for auto policies jumped 17%. Although rising premiums are good news for insurance firms such as Travelers, they are bad news for customers — whether they are individuals or companies.

Organizations: Dow, Travelers

Fourth-quarter earnings season is kicking off with a mix of good and bad news. Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. There's a lot riding on earnings in 2024 For the S & P 500 to increase in 2024, earnings need to expand. But with the S & P 500 up over 20% last year, the forward earnings multiple is roughly 19.6, in the very pricey range. We need higher revenues The biggest risk to higher earnings is lower revenue growth.

Persons: Savita Subramanian, General Mills, Mobileye, Nick Raich, Adam Crisafulli, BofA's Subramanian, Deutsche, Binky, Sam Stovall Organizations: Pfizer, Merck, Moderna, Bank of America, Nvidia, Microsoft, Apple, Nike, FedEx, General, Darden, Constellation Brands, Technology, Samsung Electronics, Vital, Deutsche Bank's Locations: Wayfair, Conagra

☆ Home Depot earnings beat, but retailer offers a tepid outlook as sales slide
▼ + stars: | 2023-11-14 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Home Depot 's quarterly sales declined 3% from the year-ago period, but topped Wall Street's expectations as customers chipped away at more modest projects and home repairs. Home Depot expects earnings per share to slide by 9% to 11%, compared with prior guidance of a 7% to 13% drop. Revenue fell from $38.87 billion in the year-ago period. Customer transactions fell to 399.8 million from 409.8 million in the year-ago period. Over the past year, the company missed quarterly sales expectations twice, which has caused its stock performance to slide.

Persons: Richard McPhail, McPhail, They're, —, Robert Hum Organizations: CNBC, LSEG, Revenue, Home Depot

☆ The Hollywood actors' strike is over, but the impact will linger for some big companies
▼ + stars: | 2023-11-09 | by ( Robert Hum | ) www.cnbc.com time to read: +2 min

SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California. Before the actors' union reached a labor deal with studios Wednesday night, Disney CEO Bob Iger told CNBC's Julia Boorstin that the strike's impact on the business had so far "been negligible." Because of the actors' strike, Sony cut its movie unit's fiscal year operating-profit forecast to 115 billion yen from 120 billion yen. "We have incorporated the impact that can be assumed at the present time into our forecast for the fiscal year." In July, while Hollywood actors and writers were both on strike, Sony postponed the release of Marvel Studios collaboration "Kraven the Hunter" to next year and delayed its next "Spider-Verse" movie, both potential blockbusters.

Persons: Bob Iger, CNBC's Julia Boorstin, Kraven, Hunter Organizations: Paramount Studios, Hollywood, Disney, Sony, Marvel Studios, AMC Entertainment Locations: Los Angeles , California

☆ Stock futures are little changed after S&P 500 registers longest winning streak since 2021: Live updates
▼ + stars: | 2023-11-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. U.S. stock futures were flat on Tuesday night after the S&P 500 and Nasdaq Composite notched their longest winning streaks in about two years. Futures tied to the S&P 500 and Nasdaq 100 futures oscillated near the flat line. Earlier in the day, the S&P 500 added 0.3% to clinch its seventh straight positive session. These gains come after about 80% of S&P 500 companies have beaten earnings estimates this season, while slowing demand means that only 59% have also topped revenue expectations.

Persons: Dow, Ken Mahoney, Mahoney, Walt Disney, —, Robert Hum Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Asset Management, Apple, Microsoft, Google, MGM Resorts, Walt Locations: New York City . U.S

☆ Earnings aren't bad, but fourth-quarter forecasts are slipping. Here's what that means for the market
▼ + stars: | 2023-10-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Results haven't been bad, but the macro is overwhelming everything, and fourth-quarter guidance is slipping. Here's a general rule for the stock market: earnings are the main determinant of stock prices in the long run, but in rare cases macro trends can overwhelm their message. Earnings are OK, but the trend is down On the surface, this looks like a good earnings season. With earnings, however, it's the trend in the forward quarter that matters: is the trend up or down? If Treasury yields stabilize or even move lower, that will be a more important factor than a slightly lower earnings environment.

Persons: Here's, CNBC's Robert Hum, Sellers, Chubb, Sherwin, Williams, Kimberly Clark, Campbell, Swift, FactSet's John Butters, what's Organizations: Microsoft, Waste, Norfolk, Procter, Gamble, Pepsi, Soft, Nvidia, Express, Visa, Southwest Airlines Locations: Meta, Winnebago, Corning, Big Tech, Treasurys

☆ Want to see what weak discretionary spending looks like? See Winnebago's results
▼ + stars: | 2023-10-18 | by ( Robert Hum | ) www.cnbc.com time to read: +2 min

But that masked a big problem for the company – weaker discretionary spending. Winnebago blamed "lower unit sales related to current market conditions and dealer efforts to reduce inventories, and higher discounts and allowances." CEO Michael Happe said "the consumer market continues to be challenged, and our fourth quarter results reflect a stubborn retail environment." By the second half of the fiscal year, though, Happe is optimistic that inventories will normalize and consumer demand will stabilize. Winnebago's stock, which was down 3% Wednesday, had fallen about 13% over the last three months, far underperforming the broader market.

Persons: Winnebago, RVs, Price, Michael Happe, Happe Organizations: Winnebago Industries Inc, Industries Locations: Salt Lake City , Utah, U.S, Winnebago

The third-quarter earnings season unofficially kicks off this week, and the Street is expecting a modest return to growth after the disappointing first half of 2023. Energy prices are a major watch item across all industries, after crude prices surged 29% in third quarter. We will provide additional thoughts on the coming earnings season during our October Monthly Meeting on Wednesday at noon ET. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022.

Persons: Wells Fargo, Jamie Dimon, Morgan Stanley, CNBC's Robert Hum, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Communication, Staples, Hamas, U.S ., JPMorgan Chase, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty Locations: Ukraine, Israel, Israel's, New York, U.S

☆ Clorox and MGM Resorts aren't the only companies dealing with cyberattack damage
▼ + stars: | 2023-10-06 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

It all kind of started Wednesday of last week when Johnson Controls revealed it had been hit by a cyberattack. But why is this specific cybersecurity incident of particular interest? That agency is reportedly investigating if any floor plans and security information were exposed as a result of the attack. The culprit was a significant cybersecurity breach from August — "which caused wide-scale disruption of Clorox's operations, including order processing delays and significant product outages." Clorox is now expecting a hefty year-over-year sales decline as well as a quarterly loss thanks to the incident.

Persons: Johnson, Clorox Organizations: Department of Homeland Security

☆ Jack Daniel's maker Brown-Forman reports lagging whiskey sales, narrower profit
▼ + stars: | 2023-08-30 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Jack Daniel's maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led by the brands Woodford Reserve and Gentleman Jack. Sales for Jack Daniel's Tennessee Whiskey were flat, the company said, due to lower distributor inventories across the United States. Its New Mix RTD beverages delivered strong net sales growth of 52%, while its el Jimador tequila brand saw net sales grow by 27%. Reported advertising expense grew 19%, driven by the launch of its Jack Daniel's & Coca-Cola RTD item, increased investment in Jack Daniel's Tennessee Whiskey, and acquisitions.

Persons: Jack Daniel's, Brown, Forman, Jack, Jack Daniel's Tennessee, Lawson Whiting, Whiting, —, Robert Hum Organizations: Woodford Reserve, Jack Daniel's Tennessee Whiskey Locations: United States, Kentucky, U.S

☆ CNBC Daily Open: Nvidia underpromises and massively overdelivers
▼ + stars: | 2023-08-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. A year ago, Nvidia CEO Jensen Huang promised investors the company is "navigating our supply chain transitions in a challenging macro environment and we will get through this." Hum goes on to suggest it's possible that, three months later, Nvidia reports revenue of $18 billion to $19 billion. That's almost $3 billion more than the $16 billion Nvidia said it expects.

Persons: Jensen Huang, David Paul Morris, bluster, Dan Ives, Robert Hum, Chaim Siegel, Elazar, —, Kif Leswing Organizations: Nvidia, Bloomberg, Getty, CNBC, Wedbush Securities, Elazar Advisors Locations: Las Vegas

☆ S&P 500 futures are flat ahead of a busy week of earnings, Fed meeting: Live updates
▼ + stars: | 2023-07-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Sunday evening as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve. The S&P 500 finished the week up by 0.7% at 4,536.34, while the Nasdaq Composite fell 0.6% in the same period to 14,032.81. The week ahead is also set to be the busiest one of earnings season, with Thursday being the most intense day. About 40% of the Dow and 30% of the S&P 500 will give their financial updates during the week, including Alphabet, Microsoft and Meta. Several big pharma companies are getting ready to report and it's a big week for industrial companies and big oil as well.

Persons: Noah Hamman, Fundstrat's Tom Lee, Jerome Powell, They're, —, Robert Hum, Sarah Min Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Microsoft, Meta, pharma

☆ Here’s why retailers are beating earnings estimates, even with lackluster sales
▼ + stars: | 2023-05-24 | by ( Robert Hum | ) www.cnbc.com time to read: +3 min

Here's the big key from retailers this earnings season: Margins are holding up and that's driving earnings beats even amid more tepid sales trends. That's all led to a rather lackluster round of retail sales this earnings season. Retailers have avoided heavy discounting We haven't seen many mentions this season of retailers resorting to steep markdowns despite more tepid shopping trends. Lower freight and shipping costs Another major pandemic cost driver was elevated transportation costs for retailers. Abercrombie & Fitch saw gross margin improvement "primarily driven by a benefit of 760 basis points from lower freight costs ."

Persons: Kohl's, Abercrombie, Fitch, TJX, Ralph Lauren, Lululemon, Michael Kors Organizations: Abercrombie, Fitch, Retailers, Urban, Anthropologie, Free People Group, Urban Outfitters, Walmart, Body, Nordstrom, Dollar Locations: Kohl's, Costco

☆ Here's why retailers are staying upbeat about the year despite cautious views on this quarter
▼ + stars: | 2023-05-18 | by ( Robert Hum | ) www.cnbc.com time to read: +3 min

Retailers continue to post better-than-expected earnings in the latest quarter – with Walmart , Bath & Body Works and Canada Goose topping estimates. Bath & Body Works' guidance is lacking , too, at 27 cents to 32 cents per share after adjustments versus the 32 cents estimate. Bath & Body Works also raised its earnings guidance and reaffirmed its full-year forecast. Bath & Body Works highlighted better merchandise margin and benefits from cost savings initiatives. BBWI YTD mountain Bath & Body Works shares soared more than 7% after its earnings report.

☆ CNBC Daily Open: Inflation weighed on consumer spending
▼ + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Indeed, retail sales in April rose a weaker-than-expected 0.4% for the month, according to an advanced sales report. Moreover, the figure isn't adjusted for inflation — which rose 0.4% in April — so consumers' spending just kept up with the pace of inflation, CNBC's Jeff Cox noted. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Consumer demand is flagging
▼ + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both the Dow and the S&P were badly affected by Home Depot's weak earnings report and lackluster forecast. Home Depot's disappointing performance suggests that consumer demand is flagging. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ What Home Depot's poor outlook means for the stock market and economy
▼ + stars: | 2023-05-16 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

Photographer:Just an awful earnings report from the stock market's most important retailer on Tuesday: Home Depot. Bottom line – the broader-market implications of Tuesday morning's post-earnings stock move for Home Depot are going to be significant. And don't expect much improvement from the home improvement retailer any time soon. That's worth about 100 points on the Dow Jones Industrial Average and should take a bite out of the S&P 500 too. Remember, it's the most impactful retailer in the price-weighted Dow – having almost double the weight of Walmart (since it is almost double the price).

☆ Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects
▼ + stars: | 2023-05-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Home Depot reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay big projects and buy fewer big-ticket items like patio sets and grills. The company said it now expects sales and comparable sales to decline between 2% and 5% for the fiscal year. Yet he said the anticipated pullback has been compounded by rising mortgage rates and a shift toward spending on services. It marked the second quarter in a row that Home Depot missed Wall Street's revenue expectations. Home Depot in the quarter sold fewer pricier discretionary items, such as new appliances, McPhail said.

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