Constellation Brands is Having a Perfect Year
Constellation BRands (STZ) is having a perfect 2017. But qtrly profit estimates don’t look that great, and with a perfect chart pattern the stock could use some rest.
McCormick Smells Pretty Good Right Now
Shares of McCormick (MKC) have been basing for a year-and-a-half now, and I think it might be ready to make a move higher as it expands on its new Frank’s Red Hot line.
Walgreen’s is a Value Down Here
Drugstore stocks like Walgreen’s (WBA) have had a hard time winning with fears Amazon will someday ship drugs to people directly. But with a P/E of 13, WBA is a value.
Pepsico Moves Towards Non Carbonated Beverages
Pepsico (PEP) is down a bit due to the consumers’ shift away from carbonated beverages. But snack sales are strong, and Pepsico has more non-carb beverages to offer.
Investors Spooked By Trade Desk Comments
Investors got spooked after The Trade Desk (TTD) made comments about a slowdown in spending among big advertisers, specifically retail. But TTD upped guidance, as always.
Adobe’s Numbers Look Amazing
Adobe System’s (ADBE) numbers look amazing. But I’m a bit cautious on the stock after its recent runup. Adobe’s P/E had gone from 35 to 42 since last qtr.
Investing in Artificial Intelligence
The next big sector of growth in the stock market will be artificial intelligence, or A.I. Computers that can teach themselves, and advance technology faster than ever.
Fantastic Stock Market is Good for Factset
Factset (FDS) provides tools and data for money managers and analysts to do their work. And with the stock market up big in 2017, the outlook for FDS is good.
Ollie’s Bargain Outlet is Still a Little High
Ollie’s Bargain Outlet (OLLI) is putting out some fantastic numbers, such as 25% to 29% profit growth. But it carries a P/E of 38, double its Estimated Long-Term Growth Rate.
Nike’s Profit Estimates Have Fallen 7 Straight Qtrs
Nike (NKE) has had fiscal year 2018 profit estimates decline for seven straight qtrs, from $2.86 to $2.32. I feel this stock could continue to be in the $50s for the next two years.
Fidget Spinners Help Five Below Plow Away Estimates
Fidget spinners are the hot craze with kids this year, and sales of the toy helped Five Below (FIVE) blow away profit and sales estimates last qtr. Here’s my take on FIVE.
Workday is Having a Banner Year
Workday’s (WDAY) software is utilized by one third of the Fortune 500 to do human resources and financial analysis, and profits are zooming so far in 2017.