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☆ Inflation is dominating the conversation on earnings calls. Here's what execs are saying
▼ + stars: | 2022-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

One thing's clear at the start of the corporate earnings season: Inflation is still a hot topic for companies. The consumer price index increased 0.4% in September, which was a hotter reading than the 0.3% expected by Dow Jones, according to the Bureau of Labor Statistics. It was at 0.6% without food and energy factored in, which was also above Dow Jones' estimate of 0.4%. That was similarly above the Dow Jones expectation of 0.2%. The company beat earnings per share expectations for the third quarter but revenue came in lower than analysts anticipated.

Along with other consumer goods companies, Unilever has faced a surge in labor, freight and ingredients costs. Billionaire Peltz in recent weeks met two possible contenders to replace Jope, one of the sources said. FLORIDA TALKSEven before Jope announced his departure, Peltz met with a former consumer goods CEO in Florida, one of the sources said. In the last month, Peltz and his team also approached another former consumer packaged goods CEO about the Unilever job, the source said. Peltz supports Unilever's sustainability strategy, including a plan to decarbonize the company's business units, Unilever has said.

☆ Dove, Nexxus and other dry shampoos recalled for cancer-causing chemical
▼ + stars: | 2022-10-24 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN Business —Unilever has recalled certain Dove, Nexxus, Suave, TIGI and TRESemmé aerosol dry shampoos because of the potential presence of benzene, a chemical that can cause cancer. The affected products were produced prior to October 2021 and were distributed at retailers nationwide, the Food and Drug Administration said in an announcement Friday. They include products such as Dove Dry Shampoo Volume and Fullness, Dove Dry Shampoo Fresh Coconut, Nexxus Dry Shampoo Refreshing Mist and Suave Professionals Dry Shampoo Refresh and Revive. Consumers should stop using the affected aerosol dry shampoo products and visit UnileverRecall.com for instructions on how to receive reimbursement for eligible products, the FDA said. Last year, Procter & Gamble (PG) recalled more than 30 aerosol spray haircare products, including many dry shampoos and dry conditioners, warning that the products could contain benzene.

☆ Jim Cramer says these 13 companies’ earnings helped drive markets higher
▼ + stars: | 2022-10-24 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday offered investors a list of companies whose solid quarters he believes have helped the recent market rally. The Wall Street Journal reported on Friday that the Federal Reserve could move to slow the pace of interest rate hikes in December. Cramer's comments come during a busy earnings week featuring some of the world's biggest companies. He added that the companies which reported solid earnings extend beyond his list, strengthening his case that they've helped buoy the stock market recently. Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson and Procter & Gamble.

☆ Companies Take Different Strategies to Navigate High Inflation
▼ + stars: | 2022-10-23 | by ( Thomas Gryta | Drew Fitzgerald | ) www.wsj.com time to read: 1 min

Procter & Gamble is ramping up advertising on premium brands. Verizon Communications is raising prices on wireless plans, while Whirlpool has slashed production of appliances. High levels of inflation in the U.S. and shifts in underlying demand are putting the spotlight on the strategies executives are taking to navigate a global economy where costs are rising and consumer appetite for some products has waned.

☆ Cramer: This bear market is getting long in the tooth — here's what is changing
▼ + stars: | 2022-10-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Owning a Johnson & Johnson (JNJ) or a Constellation Brands (STZ) isn't exciting. When I look at the companies that have reported already, I like Home Depot (HD) and UnitedHealth (UNH), Procter & Gamble (PG) and Johnson & Johnson. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Earnings are off to a surprisingly decent start. Next week is the big test for tech
▼ + stars: | 2022-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ These two strategies can help you stay diversified in any kind of stock market
▼ + stars: | 2022-10-21 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Barbell strategy The other way to think about diversification — and one we used heavily during this year's choppy market — is the barbell portfolio strategy. And if inflation persists but also economic activity picks up, you better own energy stocks. That also brings more demand into the oil market, so expect oil prices and the energy stocks tied to it to benefit. But using correlations and the barbell method to create a diverse mix of holdings can help you stay invested in market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Cramer's lightning round: I like Procter & Gamble over Walmart
▼ + stars: | 2022-10-21 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Walmart Inc : "I think that's an excellent idea [to sell shares of Walmart and start a position in Procter & Gamble ]." Iron Mountain Inc : "Right now I don't want to back away from it. ... We may have to do new work on Iron Mountain to see if it's as safe as we think it is."

☆ 3 takeaways from our daily meeting: Stocks rally, earnings move Club names, sticking with DHR
▼ + stars: | 2022-10-21 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks rally Earnings move Club names Sticking with DHR 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Wall St rises as upbeat corporate forecasts trump UK political shock
▼ + stars: | 2022-10-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +4 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. Fellow blue-chip stock Verizon Communications Inc (VZ.N) rose 2.3% after peer AT&T Inc (T.N) jumped 9.9% upon raising its annual profit forecast. However, the estimate is still sharply lower than an 11.1% increase that was forecast at the start of July. Advancing issues outnumbered decliners by a 2.38-to-1 ratio on the NYSE and by a 2.09-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and 10 new lows, while the Nasdaq recorded 17 new highs and 104 new lows.

☆ S&P 500 to open lower as UK's Truss resigns as PM
▼ + stars: | 2022-10-20 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. Truss's economic program had sent shockwaves through global financial markets and divided her Conservative Party just six weeks after she was appointed. Fellow blue-chip stock Verizon Communications Inc (VZ.N) shares added 0.9% after peer wireless carrier AT&T added 3.7% upon raising its annual profit forecast. However, the estimate is still sharply lower than an 11.1% increase that was forecast at the start of July. ET, Dow e-minis were up 19 points, or 0.06%, S&P 500 e-minis were down 5.75 points, or 0.16%, and Nasdaq 100 e-minis were down 39.25 points, or 0.35%.

A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes (HRMS.PA) and Pernod Ricard (PERP.PA) both said they will continue to raise prices, after beating expectations in the July-September quarter. Mainland China also saw a strong rebound after COVID-19 restrictions were lifted, although some restrictions have since been reimposed. PRICE RISESThe world's biggest luxury group LVMH (LVMH.PA) last week kicked off the earnings season with forecast-beating sales -- and no signs of a let-up in demand. The results from Pernod and Hermes bode well for beauty giant L'Oreal (OREP.PA) and Gucci-owner Kering (PRTP.PA), which both report results later on Thursday.

☆ Wall St ends red, Treasury yields climb on dour guidance and looming recession fears
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes lost ground, while the benchmark Treasury yield shot up to touch a new 14-year high. The pan-European STOXX 600 index (.STOXX) lost 0.53% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.89%. Emerging market stocks lost 1.62%. A sell-off in U.S. government bonds pushed the benchmark Treasury yield to its highest level since mid-2008 on expectations of continued aggressive interest rate hikes from the Federal Reserve. 1/2 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022.

☆ GE CMO Linda Boff tells Insider how she'll tailor her marketing plan for a looming recession, and what other marketers should do to survive
▼ + stars: | 2022-10-20 | by ( Lindsay Rittenhouse | ) www.businessinsider.com time to read: +3 min

General Electric CMO Linda Boff laid out marketing plans amid a looming recession. She said the company hasn't cut ad spend yet, but they're being prudent with their ad dollars. Boff said GE could scale back tentpole advertising events, but it would be "foolish" to cut search. Many big marketers, like Microsoft and Procter & Gamble, have already cut marketing spend, and ad agencies are bracing for more layoffs as new business pitches diminish. If there's one area GE won't cut, Boff said, it's search advertising.

☆ Why this earnings season may not be as bad as people think
▼ + stars: | 2022-10-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

It's just a few weeks into third-quarter earnings season, but so far, it hasn't been nearly as bad as Wall Street feared. Through Thursday morning, 75% of S & P 500 companies that had reported earnings had exceeded expectations, according to data from The Earnings Scout. He pointed to Procter & Gamble 's Wednesday report , which topped analyst estimates for earnings and revenue as higher prices offset lower sales volumes. Going into the season, expectations were that earnings would be cut 15% to 20% to the downside, to reflect economic weakness, said Overby. Why good news might again be bad news Earnings beats are good for investors as they generally send stock prices higher.

The U.S. central bank is likely to raise rates by 75-basis points for the fourth straight time this year in November. "That probably won't be coming until we start to see some weakness in the labor market, which is helping fuel inflation pressures." Dow components Procter & Gamble Co and Travelers Companies Inc (TRV.N) rose 3.4% and 2.6%, respectively, after the companies posted better-than expected quarterly profit. Declining issues outnumbered advancers for a 2.56-to-1 ratio on the NYSE and for a 1.92-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and five new lows, while the Nasdaq recorded 18 new highs and 100 new lows.

☆ Wall St oscillates, Treasury yields climb on cautious corporate guidance and recession worries
▼ + stars: | 2022-10-19 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. The three major U.S. stock indexes wavered between red and green out of the starting gate, while the benchmark Treasury yield shot up to touch a new 14-year high. Emerging market stocks lost 1.53%. A sell-off in U.S. government bonds pushed the benchmark Treasury yield to its highest level since mid-2008 on expectations of continued hawkish policy from the Federal Reserve. The dollar index rose 0.45%, with the euro down 0.64% to $0.9789.

☆ P&G Expects Revenue to Feel Drag From Stronger Dollar
▼ + stars: | 2022-10-19 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

Procter & Gamble said the stronger U.S. dollar erased most of its sales gains for the quarter and is on track to lead the maker of Tide detergent and Gillette razors to its first annual sales decline in half a decade. The Cincinnati-based consumer-products company on Wednesday lowered its annual revenue guidance, citing the run-up in the value of the dollar relative to other currencies around the world. P&G now expects sales for the fiscal year ended June 30 to fall 1% to 3%; its previous forecast called for growth between flat and 2%.

☆ P&G Rides Higher Prices but Says Strong Dollar to Slow Growth
▼ + stars: | 2022-10-19 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

Procter & Gamble said the stronger U.S. dollar erased most of its sales gains for the latest quarter and is on track to lead the maker of Tide detergent and Gillette razors to its first annual sales decline in half a decade. The Cincinnati-based consumer-products company on Wednesday lowered its annual revenue guidance, citing the run-up in the value of the dollar relative to other currencies around the world. P&G now expects sales for the fiscal year ending June 30 to fall 1% to 3%; its previous forecast called for growth between flat and 2%.

☆ Procter & Gamble cuts sales forecast on hit from stronger dollar
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

Oct 19 (Reuters) - Consumer goods giant Procter & Gamble Co (PG.N) cut its full-year sales forecast on Wednesday, blaming a hit from of a stronger U.S. dollar. A strengthening greenback typically eats into the earnings of companies such as P&G that have sprawling global operations and convert foreign currencies into dollars. Register now for FREE unlimited access to Reuters.com RegisterThe company said it expects fiscal 2023 sales to fall 1% to 3%, compared with its previous forecast of flat to 2% growth. The company maintained its organic sales forecast of a 3% to 5% increase. Register now for FREE unlimited access to Reuters.com RegisterReporting by Uday Sampath in Bengaluru; Editing by Maju Samuel and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ P&G’s pricing power hangs by a floss
▼ + stars: | 2022-10-19 | by ( Amanda Gomez | ) www.reuters.com time to read: +3 min

Third-quarter earnings show a company whose pricing power is hanging on by a piece of floss. That suggests people are about to ditch some of their few remaining small joys, even when it comes to necessary goods. The $300 billion consumer goods company led by Jon Moeller said on Wednesday that net sales increased 1% to $20.6 billion, and much of that increase came from jacking up prices. It suggests that the Cincinnati-based company is maintaining some pricing power. Follow @alpgomez on TwitterCONTEXT NEWSProcter & Gamble on Oct. 19 reported net sales of $20.6 billion for the quarter ended Sept. 30.

☆ Procter & Gamble's earnings beat as higher pricing offsets drop in volume
▼ + stars: | 2022-10-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts' estimates as higher pricing offset lower demand for its products. But the company also said it's expecting foreign currency to hit its fiscal 2023 results more than previously expected. P&G said it's now forecasting earnings per share on the low end of its prior range of flat to up 4%. Its net sales are also expected to decline 1% to 3%, lower than its previous outlook of flat to up 2%. Net sales rose 1% to $20.61 billion, topping expectations of $20.28 billion.

☆ Cramer's lightning round: I like Procter & Gamble over Kimberly-Clark
▼ + stars: | 2022-10-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

I prefer to have something that is certainly a little bit more ... known and already doing incredibly well, which is Halliburton ." Loading chart...Kimberly-Clark Corp : "I'd much rather have you be in Procter & Gamble ." Loading chart...Boeing Co : "As a long term position — that is really the operative term, because short-term, they keep doing things wrong." Loading chart...Quantumscape Corp : "It's losing a lot of money ... and we do not recommend stocks that are losing a lot of money." Disclaimer: Cramer's Charitable Trust owns shares of Procter & Gamble, Halliburton and Pioneer Natural Resources.

☆ Stocks making the biggest moves premarket: Procter & Gamble, Travelers, Nasdaq and more
▼ + stars: | 2022-10-19 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Travelers (TRV) – Travelers added 1% in premarket trading after beating top and bottom line estimates for its latest quarter. Nasdaq (NDAQ) – Nasdaq gained 1.5% in premarket action after reporting better-than-expected profit and revenue for the third quarter. Netflix (NFLX) – Netflix surged 12.2% in premarket trading after reporting it added 2.4 million subscribers during its latest quarter. United Airlines (UAL) – United Airlines jumped 5.3% in premarket trading after reporting better-than-expected quarterly results and issuing an upbeat earnings forecast for the current quarter amid a continued surge in travel demand. ASML (ASML) – ASML reported better-than-expected quarterly sales and profit, as the semiconductor manufacturing equipment maker managed to thrive despite an overall industry slowdown.

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