While big name bricks-and-mortar retailers like Macy’s and Sears Holdings Corp. crumble , home improvement retailer Home Depot continues to have runaway success. In large part, that’s due to the ongoing recovery of the U.S. housing market and surging stock prices that are spurring people to invest in their homes.
Category: Household Products
Why Yamana Gold, Nu Skin Enterprises, and DineEquity Slumped Today
Friday once again showed the resiliency of the stock market, with the Dow , S&P 500 , and Nasdaq Composite all finishing with modest gains that were sufficient to bring the market benchmarks to new record highs. Positive sentiment about the prospects for the U.S. economy continued to guide the market’s movements and prevent any substantial drop in stocks, and generally favorable earnings across the business continuum were also supportive.
Glenview-based Mead Johnson, maker of baby formula, sold to British firm for $16.6 billion
British household products company Reckitt Benckiser is acquiring Glenview-based baby formula maker Mead Johnson for $16.6 billion in a move that will help the company grow in China. Reckitt Benckiser, which makes products ranging from condoms to Lysol, offered $90 for each Mead Johnson share, or about $16.6 billion.
Reckitt Benckiser to Acquire Mead Johnson in $18B Deal
Reckitt Benckiser has agreed to buy U.S. infant formula maker Mead Johnson Nutrition for $16.6 billion, marking its first step into baby formula, it said on Friday.
Reckitt Benckiser to Buy Mead Johnson For $16.6 Billion
Reckitt Benckiser said Friday that it has reached an agreement to buy Mead Johnson for an enterprise value of $17.9 billion. Reckitt Benckiser plc said Friday that it has reached an agreement to buy Mead Johnson for an enterprise value of $17.9 billion.
Why Revlon Inc Stock Gained 15% in January
According to data from S&P Global Market Intelligence , the stock gained 15%. The bulk of the increase came in the middle of the month when the restructuring plan was announced.
Clorox: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. For his “Executive Decision” segment, Cramer spoke with Benno Dorer, chairman and CEO of Clorox , the cleaning company that just posted 8% volume growth this quarter.
Clorox Stock Rises on 2Q Revenue, Strong Volume Growth
Clorox reported second-quarter revenue that was slightly higher than Wall Street’s forecasts on Friday morning. The stock was advancing 1.26% to $121.75 in pre-market trading.
Clorox Revenue Rises Above Expectation As Noncash Charge Weighs On Profit
Clorox Co. reported fiscal second-quarter earnings of $149 million, or $1.14 a share, compared with $149 million, or $1.13 a share, in the same period a year ago.
Snap-On: Cramer’s Top Takeaways
Did you miss last night’s “Mad Money” on CNBC ? If so, here are some of Jim Cramer’s top takeaways. In his first “Executive Decision” segment, Cramer again sat down with Nick Pinchuk, chairman and CEO of Snap-On , the toolmaker that just posted a six-cents-a-share earnings beat on a 4.5% increase in revenue and expanding gross margins.
What to Look for When Estee Lauder Reports Second-Quarter Earnings
Estee Lauder is expected to report lower second-quarter earnings, but higher revenue year-over-year before Thursday’s opening bell. Analysts surveyed by FactSet are projecting adjusted earnings of $1.17 per share on revenue of $3.24 billion.
Better Buy: Target Corporation vs. Home Depot Inc.
But the similarities don’t end there: They are also both big-box retailers that many retirees consider investing in given their dividend payments and lengthy operating histories. But which stock is the better buy today? There’s no way to answer that question with 100% certainty, but there are three different approaches you can take, and each will help you make a more informed decision for your own retirement portfolio.
How Home Depot Inc. Has Changed in the Last 5 Years
Shares tripled, compared to a 160% jump for Lowe’s Yet the home improvement giant is a different company than it was back in early 2012. Below, I’ll highlight the key changes that could impact investors the most going forward.
Procter & Gamble Is ‘The Star of the Morning’: More Squawk From Jim Cramer
Shares of Procter & Gamble were higher in early afternoon trading on Friday after reporting a top and bottom line beat this morning for its 2017 second quarter. “The best earnings report that we got this morning is from Procter & Gamble,” TheStreet’s Jim Cramer said on CNBC’s “Squawk on the Street” on Friday morning.
Procter & Gamble Shares Rise On Second-quarter Earnings Beat
Procter & Gamble shares rose 1.9% in pre-market trade Friday after the consumer goods company beat second-quarter expectations. Earnings for the latest quarter rose to $7.9 billion, or $2.88 per share, from $3.2 billion, or $1.12 per share.
Why GNC Holdings, Aaron’s, and Dean Foods Slumped Today
The stock market lost ground on Thursday, as investors sent the Dow Jones Industrials below the level at which the average began the year. Losses for the S&P 500 and Nasdaq Composite were modest at around a third of a percent, but they reflected a downbeat attitude among investors, who are struggling to predict what’s likely to happen on the political and macroeconomic fronts for the remainder of the year and beyond.
Why Overstock.com, Inc. Stock Skyrocketed 41.7% in 2016
Overstock’s first big jump came in February, when shares soared 23% after an encouraging fourth-quarter 2015 report but not so much because of its actual headline numbers. For perspective, Q4 2015 revenue climbed just 2% year over year, to $480 million, while net income was $110,000, or breakeven on a per-share basis and down from $0.06 per share in the same year-ago period.
Good Luck With This One FTC: Craftsman Tries Becoming Competitor to Itself
The deal is unusual because Stanley will lease the brand back to Sears and two different versions of the Craftsman brand will compete against each other. Stanley Black & Decker ‘s plan to acquire the storied Craftsman tool brand from Sears Holdings for up to $900 million will force the Federal Trade Commission to grapple with some novel antitrust questions.
Why Home Depot Inc Gained Just 1% in 2016
The performance gap meant that the retailer was one of the worst stocks on the blue chip index in 2016. That weak outing came even as revenue, earnings, and profitability all set record highs and as Home Depot widened its market share lead over its biggest national competition, Lowe’s .
Sell Dow Stocks Coke And Procter & Gamble, Says Goldman Sachs
The stocks of Coca-Cola Co. and Procter & Gamble Co. , both components of the Dow Jones Industrial Average , both slumped about 1% in morning trade Monday, after Goldman Sachs analysts turned bearish on the consumer staples giants.
Procter & Gamble Is Poised for a Rebound
Procter & Gamble shares have been stuck in a fairly tight range for the last four weeks. As December begins, the stock is showing signs of improvement and may be on the verge of a breakout from the current consolidation.
3 Reasons Procter & Gamble Co. Stock Could Jump in 2017
Their stock badly trailed the market as P&G posted its third-straight fiscal year of slowing sales growth and declining gross profit. Income investors weren’t spared the pain, either.
Stanley Black & Decker’s Willingness to Change Make Shares a Buy
This toolmaker may not be a “sexy” stock, but the 150-plus year old company is in the midst of a transformation. Stanley Black & Decker is an American toolmaker with more than 150 years of history, but it is embracing change.
Amgen and Broadcom climb; Restoration Hardware falls
The company said Muhtar Kent will step down as CEO next year and will be replaced by Coke’s chief operating officer. The mining company said it will be bought by South Africa’s Sibanye Gold in a deal the companies valued at $2.2 billion.