HNST

Consumers Feeling the Pinch; S&P 500 Bounces Off Technical Resistance; Elasticities Breaking Down for Staples Stocks

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By Brian Nelson, CFA Microsoft Corp. (MSFT) is the latest big tech company to announce big job cuts. The company that is still working to close its deal with Activision (ATVI) announced that it would slash 10,000 jobs, or about 4.5% of its workforce. The unemployment rate in the U.S. stands at just 3.5%, as recorded in December 2022, so even though we’re witnessing quite a number of layoffs in Silicon Valley, the labor markets are still very, very healthy. Those being laid off are finding jobs rather quickly, too. According to the WSJ, “about 79% of workers recently hired after a tech-company layoff or termination landed their new job within three months of starting their search.” Businesses have been … Read more

Procter & Gamble’s Bright Investor Day Buoys Our Views on Stock

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  Image: Procter & Gamble has delivered pre-, during, and post-pandemic, and its long-term growth targets remain reasonable, in our view. Image Source: P&G By Brian Nelson, CFA Procter & Gamble (PG) is doing a lot of things right these days. Years ago, we were skeptical of management’s decision to streamline its business by reducing the number of its valuable brands to 65 from 170, but it has paid off. Over the past five years, shares of P&G have advanced more than 60%, and this excludes its nice and growing dividend payout. We liked a lot about what P&G revealed during its Investor Day November 17, and the company remains a strong consideration for both income and dividend growth investors … Read more

Valuentum: Outlook for Europe, China Is Bleak

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Video: Valuentum’s Associate Director of Research and Co-Portfolio Manager of the simulated newsletter portfolios, Callum Turcan, shares his thoughts about the global economy. Europe is facing considerable pressure from energy prices, while China may face a mortgage meltdown. Join Valuentum for this brief 6 minute video to get up to speed on the goings-on of the global economy and what troubles may be lurking ahead. –——— Brian Nelson owns shares in SPY, SCHG, QQQ, DIA, VOT, BITO, and IWM. Valuentum owns SPY, SCHG, QQQ, VOO, and DIA. Brian Nelson’s household owns shares in HON, DIS, HAS, NKE. Some of the other securities written about in this article may be included in Valuentum’s simulated newsletter portfolios. Contact Valuentum for more information … Read more

LVMH Posts Record Sales Performance

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Image Source: LVMH Moët Hennessy Louis Vuitton – October 2021 IR Presentation By Callum Turcan The France-based luxury goods company LVMH Moët Hennessy Louis Vuitton (LVMUY) provided an update on its sales performance during the first three quarters of 2021 on October 12. For housekeeping purposes, please note LVMH reports its financials in accordance with IFRS accounting standards, and that LVMH acquired luxury jeweler Tiffany in January 2021 through a ~$15.8 billion deal.  LVMH’s revenues grew by 46% year-over-year, reaching EUR44.2 billion (a record for the company), and organic sales were up 40% year-over-year during the first nine months of 2021. The company’s ‘Fashion & Leather Goods’ segment, responsible for a little under half of its total sales, saw its … Read more