Hormel Shows No Signs of a Turnaround
Hormel (HRL) is going through weakness as is Jennie-O Turkey division is hurting. This stock is down and out, with the profit picture continuing to erode.
Conservative Portfolio
Good Economy, Strong Housing Market Power Home Depot
A strong economy is good for housing, and Home Depot (HD) stock has been a winner with strong sales of pipes, power tools, wire, flooring, storage, and patio furniture.
Disney Looks to Infinity and Beyond
Disney (DIS) is expected to have 2017 profits roughly in line with 2016’s as the company plans for the future with its app and Star Wars lands, which are both due in 2019.
Ball Set to Grow Profits +20% in 3-of-4 Qtrs
Packaging company Ball (BLL), the largest manufacturer of beverage cans in the world, is expected to grow profits +20% in three of the next four qtrs as it integrates Rexam.
Expect TJX’s Profit Growth To Pick Up Next Qtr
It looks to me like TJX Companies (TJX) has turned up on the one-year chart, and with profit growth expected to average 15% the next 4 qts TJX could continue higher.
Ecolab’s Profits Expected to Accelerate
Ecolab (ECL) expects growth to accelerate during the 2nd half of the year, and with reduced F/X that should help profits grow at double-digit rates.
Becton Dickinson Rallies Ahead of Merger
The merger between Becton Dickinson (BDX) and C.R. Bard is expected to close in the 4th qtr of this year, and BDX stock is rallying ahead of the big event.
Phone to Phone Payments Fueling Fiserv
Phone-to-phone (P2P) payments were up 20% last qtr at Fiserv (FISV), which operates financial software banks utilize to operate their businesses.
Alphabet’s Profit Estimates Lowered — Again
For the second time in the past year Alphabet’s (GOOGL) profit estimates got slashed. GOOGL was expected to make $40 in profits this year, now it’s looking like $30.
Public Storage Delivers Safety With a Nice Yield
Public Storage (PSA) owns and operate self-storage units in the U.S. and Europe. The stock is very safe, pays a 3% yield, and is currently on a dip. Time to buy?
Starbucks Has a Case of Deteriorating Fundamentals
Starbucks’ (SBUX) fundamentals are deteriorating, as in estimates have been on the decline. Also, growth has slowed. But, with a P/E of 23 this stock is nicely priced.
Amgen Continues to Beat the Street
Amgen (AMGN) continues to beat the street, and could be on its way to its fifth consecutive year of double-digit profit growth. Not bad for a safe stock.