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After a year of double-digit inflation in many countries, UBS is now forecasting "sharp" disinflation in 2023. The bank screened for stocks it expects to be positively impacted in such an environment. The table below shows two stocks across four regions that UBS says will benefit the most from disinflation. British healthcare companies Genus and Hikma Pharmaceuticals ranked highly among the stocks UBS says will benefit from disinflation in the United Kingdom. "The negative payoff from getting our disinflation call wrong is large," strategists led by Arend Kapteyn warned.
Estee Lauder — The cosmetic maker dropped 8% after it gave a weak outlook despite beating expectations for the quarter. Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. Airbnb — The lodging stock fell 10.1% after the company reported earnings per share that beat expectations, while revenue came in line with estimates. The company it its fiscal first quarter reported adjusted earnings per share of 93 cents versus expectations of 75 cents.
Morning Bid: Full of energy
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +3 min
Global stocks just won't lie down, doggedly clinging to hopes that central banks will ease off the policy brakes or that China might ease COVID curbs, just as energy firms reap massive windfall profits. Everything from central bank speculation, big rotations of equity sectors and talk of yearend seasonal flows in a U.S. election year are all cited. And after a downbeat start to the week, stocks jumped back yet again on Tuesday - even on some pretty thin reasoning. Underperforming Hong Kong and China stocks surged late in the day, with the former closing up more than 5%, after social media chatter that China was planning some reopening from strict COVID curbs in March. Energy sector earnings show clear winners from the year's Ukraine-related price shock.
The back half of the earnings season gets underway this week, with key companies across different sectors set to report. FactSet data shows that slightly more than 70% of the S & P 500 that have reported earnings have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell, followed by a conference call at 5 p.m. Wednesday Yum Brands is set to report earnings before the bell, with management holding a call at 8:15 a.m. EBay is set to report earnings after the bell, followed by a call at 5 p.m.
Jobs report also on tapThe Fed meeting takes place just two days before the nation will get its next report card on the labor market. Another jobs report, from payroll processor ADP, is also due out next week, and this one looks just at Corporate America. The government said in the September jobs report that average hourly earnings rose 5% in the past 12 months. The Fed typically prefers to see wage growth in the 2% to 3% annual range as a sign that inflation is under control. Discovery, Starbucks (SBUX), PayPal (PYPL), Amgen (AMGN) and Block (SQ)Friday: US jobs report; earnings from Cardinal Health (CAH), Duke Energy (DUK) and Hershey (HSY)
Equity analysts have slashed estimates and price targets over recent days as companies continue to report disappointing third-quarter results. Thirteen of these stocks — all part of the MSCI World Index — have median analyst price targets below their current share price, according to FactSet data. Global stocks Other stocks with price targets below current trading levels include Japanese multinational retailer AEON , U.S.-listed Clorox , and U.K. financial services company Abrdn plc. Equity analysts have slashed estimates and price targets over recent days as companies continue to report disappointing third-quarter results. Thirteen of these stocks — all part of the MSCI World Index — have median analyst price targets below their current share price, according to FactSet data.
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. DoorDash has leaned heavily into grocery, convenience-store, and retail delivery since launching these expanded services in 2020. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.
Eight Pine-Sol disinfectant cleaning products are being recalled over fears they may contain infection-causing bacteria, the Consumer Product Safety Commission announced Tuesday. The Pine-Sol Scented Multi-Surface Cleaners, CloroxPro Pine-Sol All Purpose Cleaners, and Clorox Professional Pine-Sol Lemon Fresh Cleaners produced at a plant in Forest Park, Georgia, may contain the natural bacterium Pseudomonas aeruginosa, which can cause infections in those with compromised immune systems, the commission said in a statement. Clorox, the parent company of the Pine-Sol brand, did not immediately respond to a request for comment. "The bacteria can enter the body if inhaled, through the eyes, or through a break in the skin," it said. Included are the Lavender Clean, Sparkling Wave and Lemon Fresh scents of Pine-Sol Scented Multi-Surface Cleaners; the Lavender Clean, Sparkling Wave, Lemon Fresh and Orange Energy scents of CloroxPro Pine-Sol All Purpose Cleaners; and Clorox Professional Pine-Sol Lemon Fresh Cleaners, the commission said.
New York CNN Business —Roughly 37 million bottles of Pine-Sol products have been recalled because they could contain a potentially harmful bacteria. Eight different versions of Pine-Sol have been recalled, including Pine-Sol scented multi-surface cleaners (lavender clean, sparkling wave and lemon fresh scents), CloroxPro Pine-Sol all purpose cleaners (lavender clean, sparkling wave, lemon fresh, and orange energy scents) and Clorox Professional Pine-Sol lemon fresh cleaner. The affected Pine-Sol products were made between January 2021 and September 2022. Recalled bottles have date codes beginning with the prefix “A4” followed by a five-digit number less than 22249. If someone has a recalled Pine-Sol bottle, the agency says to throw it away and contact Pine-Sol for a refund.
Wedbush downgrades Carvana to neutral from buy Wedbush said in its downgrade of Carvana that it sees severe cash burn and deteriorating market conditions. Jefferies upgrades Target to buy from hold After a change in analyst coverage, Jefferies upgraded the big box retailer and said it sees "margin improvement." Goldman Sachs reiterates Chipotle as buy Goldman said the stock is too compelling to ignore heading into earnings next week. " Deutsche Bank reiterates Microsoft as buy Deutsche Bank said Microsoft is still the "best house on the block" heading into earnings next week. " Barclays reiterates Amazon as overweight Barclays sad investors should buy the stock ahead of earnings later this month.
Seven of the stocks — all part of the MSCI World Index — have analysts' price targets below their current share price, according to FactSet data. Equity analysts at investment banks and research firms rate stocks as sell or underweight if they believe the shares will perform poorly over the next 12 months. Analysts' median price target for AMC is 57.5% below the current share price, FactSet data shows. Wedbush Securities analyst Alicia Reese downgraded AMC from $4 to $2 but believes the company has long-term potential at her price target. Clorox Analysts' average price target on Clorox is just 1.4% below the current share price, but 11 out of 14 analysts covering the stock give it a sell or underweight rating.
Here are the biggest calls on Wall Street on Monday: Morgan Stanley reiterates Apple as overweight Morgan Stanley named the tech giant as its top pick in a downturn. Cowen reiterates Amazon as outperform Cowen said shares remain attractive heading into earnings later this month. Morgan Stanley resumes Prologis as overweight Morgan Stanley resumed coverage of the supply chain logistics company and named it a top pick. Morgan Stanley upgrades Clorox to equal weight from underweight Morgan Stanley said in its upgrade of Clorox that it sees some earnings upside ahead of the company's earnings later this quarter. Oppenheimer reiterates Chipotle as outperform Oppenheimer says Chipotle is a "rarity" as the firm sees earnings upside among a deteriorating macro.
WFC price target hikes at BMO Capital and Piper Sandler. Citi lowers price target on American Airlines (AAL) to $15 per share from $16. Mizuho cuts price target on Dow Inc. (DOW) to $46 per share from $62, pricing is falling apart. RBC Capital cut price target on Datadog (DDOG) to $105 per share from $125, getting more conservative. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
13 Unique Gifts for Men Who Have Everything
  + stars: | 2022-10-05 | by ( ) www.wsj.com   time to read: +8 min
From the cocktail gadget that will level-up his drinks to the ultimate undershirts, these are presents you can purchase with confidence—no gift receipt required. While both the V-neck and crew come in black, white and gray, she prefers the beige shade because it doesn’t show under a white shirt. For utilitarian typesLike the little black dress of menswear, this casual blazer made of knit cotton will take him from the office to date night. “Top Chef” finalist and Washington, D.C.-based chef and restaurateur Spike Mendelsohn is a fan of the contraption. Even better, the jean material “came ready-to-wear with no awkward break-in period, plus a custom liner.”
Vishal Garg, the CEO of Better, spoke out nine months after laying off hundreds of people over Zoom. "I would regularly tell my team that I think I'm the right founder for this company," Garg said. For his younger employees, Queens might be known as a hip borough with diverse populations and menus. But to Garg, Queens was something to be embarrassed by, leading him to pour even more energy into his work. Now at the helm of a slimmed-down Better, Garg is firmly looking forward to the future, SPAC or no SPAC.
Editor's note: On Sunday, Unilever said that CEO Alan Jope will retire at the end of 2023. It looks at some of the challenges that Jope and Unilever faced in streamlining its structure through the reorganization, including a culture that is 'too nice' at times. Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.
It's time to sell stocks that are seeing inventory pile up at the same time as consumer demand slows, according to Adam Parker of Trivariate Research. "Inventory levels are a growing problem: For large cap stocks, inventory-to-sales is near all-time highs," wrote Parker, who was formerly the chief U.S. equity strategist at Morgan Stanley. Meanwhile, sectors where the firm is not worried about inventory levels are the energy and metals and mining industries. The firm identified companies with high inventory, high capital expenditures and declining revenue growth over the next year. Consumer staples stocks have inventory-to-sales levels that are nearing all-time highs, the note said.
Club holding Johnson & Johnson (JNJ) announces a $5 billion buyback and affirms adjusted operational EPS of $10.70, or 9.2% growth, for the full year. Club holding Starbucks (SBUX) raises guidance significantly, high single-digit earnings per share and double-digit revenues. Club holding Costco' s (COST) Kirkland doing well by the way but so are branded. Club holding Apple (AAPL) back on its ramp? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
BMO goes to market perform from outperform (hold from buy) but raises its price target $435 per share from $420. Wells Fargo raises price target on Clorox (CLX) to $130 per share from $120; but keeps an underweight (sell) rating. Wells Fargo cuts price target on Dow Inc. (DOW) to $60 per share from $70, saying polyethylene pricing is coming down. JPMorgan calls Robinhood (HOOD) August numbers "uninspiring," keeps underweight (sell) rating and a $7-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Bogaţii devin din ce în ce mai bogaţi în ciuda crizei
  + stars: | 2020-07-07 | by ( On | In | ) omniapres.md   time to read: +1 min
Amazon valorează acum mai mult de 1.500 de miliarde de dolari, alăturându-se clubului în care se mai află şi Apple şi Microsoft. Creşterile firmelor din tehnologie au ajutat şi indicele Nasdaq să treacă de 10.000 de puncte, notează zf.roAlphabet, proprietarul Google a depăşit, de asemenea, luni, pragul de 1.000 de miliarde de dolari. Aceşti patru giganţi tehnologici, împreună şi cu Facebook, valorează acum mai mult de 6.400 de miliarde de dolari. Acţiunile Netflix, Tesla, Square, PayPal, Nvidia şi Adobe au atins şi ele, luni, maxime record. La fel şi Zoom Video, Peloton, Lowe’s, Clorox şi Teladoc, companii care au beneficiat mult de trecerea la realitatea lucrului de acasă.
Persons: Jeff, Tesla Organizations: Amazon, CNN, Apple, Microsoft, Nasdaq, Google, Facebook, PayPal, Adobe Locations: SUA, Square, Peloton, Lowe’s
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