The Netflix logo seen from above at its headquarters in Los Angeles, California, on January 24, 2024.
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Top 10 things to watch on Friday, April 19th
1. procter and gamble: oh. The consumer goods company reported first-quarter revenue of $20.2 billion, slightly below expectations of $20.41, but beat EPS of $1.41 versus $1.52. Management currently expects full-year core EPS growth to be between 10% and 11%. Costs are coming down, the US consumer is doing well, Europe is doing well, China is improving, the grooming sector is improving and the beauty business is doing very well. Stock prices were little changed pre-market. This morning, management will be sending out a full earnings analysis of this club holding after a call with analysts and investors.
2. Netflix The company announced Thursday that it will no longer report quarterly membership numbers and average revenue per member starting in the first quarter of 2025, despite a strong quarter. The changes concerned some investors and analysts, causing the stock to drop 6%. I want to make money for video streaming companies.
3. johnson & johnson Big victory in talc case: A Florida jury ruled Thursday that a pharmaceutical company’s baby powder product did not cause ovarian cancer in a woman who died in 2019, Reuters reported. JNJ on Tuesday beat first-quarter profit expectations and reported inline earnings.
Four. IFF The stock was upgraded from sell to hold at Barclays. The analyst sees little downside for IFF shares, noting that the company’s sales and profit targets are now within reach for the first time in years.
Five. Baird lowers price target lululemon The stock rose from $555 to $505 after a meeting with the sports apparel company’s management. The tone was constructive. Although valuations are likely to remain under pressure, analysts said the current decline is a buying opportunity for high-quality stocks with global growth prospects.
6. morgan stanleyHSBC raised its price target by $2 to $102, citing rising earnings in its wealth management and investment banking divisions. Club Holdings delivered a long-awaited recovery quarter with higher sales and profits, including record revenue for its Wealth Management division.
7. Deutsche Bank raises its price target united health From $545 to $562. Earlier this week, the company reported higher-than-expected first-quarter sales despite the impact of a cyberattack on its Change Healthcare subsidiary. The hack costs only 2%, which is incredible considering how bad it is.Hacking was successfully dealt with palo alto networksone of our portfolio names.
8. I don’t like Baird columbia sportswearcites overstocking and wholesale challenges, among other risks. The company maintains a Neutral rating and $70 price target.
9. Dell Pullback: Buy. UBS raised its price target to $141 from $113 and said it expects to work with hyperscalers to increase the number of AI servers by 50% in 2024. One of the few ways to actually play with the AI.
Ten. PPG Industries UBS’s price target was lowered from $156 to $150. This is one of the few PT reductions this quarter.I don’t understand how to read the club name stanley black and decker. Materials supplier PPG this week reported adjusted earnings of $1.86 per share, in line with expectations, but revenue of $4.31 billion, below expectations of $4.43 billion.
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