3M Fails to Outperform Like it Did Two Qtrs Ago
3M (MMM) beat the street and upped estimates two qtrs ago. The stock went higher. Then last qtr the company misses estimates. Thus the stock has declined.
3M (MMM) beat the street and upped estimates two qtrs ago. The stock went higher. Then last qtr the company misses estimates. Thus the stock has declined.
Industrial equipment manufacturer Illinois Tool Works (ITW) just delivered another solid qtr, which means the economy is growing. Here’s where I see ITW going.
Johnson & Johnson (JNJ) has delivered 6% annual profit growth on average the past decade. Now with the U.S. dollar weakening, JNJ might grow profis 10%.
Walgreen’s (WBA) profit growth accelerated from 4% to 13% the past 2 qtrs — with 13% growth expected the next three qtrs as well. Will this help the stock tho?
UnitedHealth (UNH) is like a machine. Keeps medical costs well managed, grows membership, gets rid of money-losing things like Obabacare. And grows profits.
McDonald’s (MCD) quick embrace of electronic ordering kiosks and UberEATS has made it somewhat of a technology stock. And tech stocks deserve higher multiples.
Microsoft’s (MSFT) up around 25% during the last year — as profits rose 19% on a 5% gain in sales. But with a P/E if 22 and profits set to decline, MSFT could take a breather.
BlackRock (BLK) has the wind at its back as investors are going more-and-more towards index funds and ETFs — which is two-thirds of BlackRock’s business.
McCormick (MKC) is acquiring French’s Mustard and Frank’s Red Hot Sauce, but the big positive is the decline of the U.S. dollar which could help profits grow 10% this year.
The Growth vs. Value debate was raging last weekend, with many pundits thinking value stocks are due to rise. Pepsico (PEP) is a great example of why that thesis is flawed.
Is passive investing — i.e. people putting money into index funds and ETFs — hurting Factset Research (FDS)? Yes. But the pendulum is about to swing the other way.
Shares of Costco (COST) are down on news Amazon is looking to buy Whole Foods. Meanwhile, Costco’s profits rose a robust 12% last qtr. Time to Buy?