Director of the National Economic Council Lael Brainard speaks during the daily press briefing at the White House January 11, 2024 in Washington, DC. Brainard fielded a range of questions about the economy and inflation. Drew Angerer | Getty Images National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling … Read more
We are buying 85 shares of Abbott Laboratories at roughly $113.91 and selling 60 shares of Procter & Gamble at roughly $158.97. Following the trades, Jim Cramer’s Charitable Trust will own 360 shares of ABT, increasing its weighting to 1.28% from 0.98%, and 490 shares of PG, decreasing its weighting to 2.46% from 2.75%. We’re making … Read more
Procter & Gamble shares jumped more than 4% on Tuesday following better-than-expected quarterly earnings that were released before the opening bell. While sales missed the mark, profitability was solid, excluding charges related to writing down the value of Gillette and non-core restructuring measures. P & G raised the low end of their full-year EPS guide. … Read more
Large advertisement of Japanese luxury skin care products brand, SK-II, in Causeway Bay, Hong Kong. Miguel Candela | Lightrocket | Getty Images Procter & Gamble on Tuesday said sales of its high-end SK-II skincare brand fell 34% in the Greater China region during its latest quarter — and it blamed an unlikely culprit. With its … Read more
A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. VCG | Getty Images Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024 as price hikes … Read more
Here are the most important news items that investors need to start their trading day: 1. Record run The S&P 500 closed at a record high on Friday. Now Wall Street will find out if the good times can last. The Federal Reserve has so far managed to curb inflation without tipping the U.S. economy … Read more
We don’t know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report … Read more
The major averages were all up for the holiday shortened trading week, with the S&P 500 closing at a new all-time high on Friday, beating its last record set in January 2022. The week’s biggest winner, however, was the tech-heavy Nasdaq, which gained more than 2%. The Magnificent Seven (Amazon, Alphabet, Apple, Meta Platforms, Microsoft, … Read more
CNBC’s Jim Cramer on Friday told investors to gear up for a “fast and furious” slew of earnings reports next week that could lead to some profit-taking, including Procter & Gamble, Tesla and Lockheed Martin. This week brought solid gains for the major indexes — with the S&P 500 closing on Friday at an all-time … Read more
Trian Partners co-founder and major Disney shareholder Nelson Peltz formally launched his battle for board seats Thursday — pushing for the right kinds of changes to fix the entertainment giant’s problems and lagging stock price. Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company’s upcoming annual meeting. … Read more
