COF CEO Sees Strong Consumer Spending, Positive Outlook
$COF CEO: "If we didn't read any news and all we did was just really look at the data we see in the economy and the data we see on our portfolio, we would have a really quite positive view...Consumer continues to spend at pretty high levels". 9.2x EPS
S&P 500 Forward Estimates Rise Fastest in 16 Years
According to $DB: $SPX forward estimates are being revised higher at the fastest rate in the last 16+ years.
Snowflake Beats Forecasts, Secures $
$SNOW: impressive Q all around w product revs +34% ahead of 30% whisper w NRR 126%, RPO +38%, OM +12% + new $6B commitment to $AMZN. Higher guide F/27.
Retail EPS Beats Drive Market Higher
Markets continue to grind higher because EPS continue to be great - +27.8%. Retail EPS were solid with beats across the board 2. $TGT $TJX $ROST $RL $TOL etc Enjoy the chill: Rollin - Calvin Harris...
EL Drops Puig Deal, Focuses on Organic Growth
$EL: ends talks with Puig - good news as $EL can now continue down their own organic growth strategy with Beauty Reimagined - which seems to be working on sales momentum and margin expansion.
Credit Card Delinquencies Fall, Loan Growth Accelerates
April credit card data showed the average DQ rate was -21bps y/y and the NCO rate -41bps y/y. $COF, $BFH, and $SYF saw loan growth improve sequentially as well.
Job Growth Fuels Retail Gains Amid Low Unemployment
Consumer continues to consume: Retail sales .5% vs .4% X and ex-auto .7% vs .4% X. It's all about labor - with another week of strong jobless claims - lowest since Jan 2024 at 204K 4 wk moving...
Strong GDP, EPS, and Margin Expansion Drive Market Rally
Folks wonder why $SPX up 17% and $QQQ up 27% from 3/30 lows - bc GDP is 3.7% and EPS up 25%. More importantly TR up 11% w margins expanding for EQ weight at 14.3% - old highs were 14.5%....
Robust Job Market: Claims Rise, ADP Grows, Layoffs Fall
Very solid job data this week overall: Weekly Claims 4 wk MDA +203K, ADP 10th consecutive wk of growth, Challenger Gray layoffs dn 50% YTD, and today's NFP with last month's higher revisions.
BA CEO Kelly Ortberg to Accompany Trump to China
$BA CEO Kelly Ortberg set to join Trump on China visit next week https://t.co/pZGkaehvrH $GE
ELAN Posts Record Organic Growth and Margin Expansion
$ELAN: best organic Q since becoming public. Beat and raised guide across all key metrics. 10% organic growth 24.5% EBITDA margin, 8% y/y EPS growth and lowered net leverage to 3.5x adj EBITDA. #animalhealth
AI‑Driven Power Demand Boosts AMD and Electrification
AI Food chain of AI + DC +grid + power theme: $AMD: 1Q DC +57% y/y & server CPU revenue guide +70% in Q2 bc of demand for EPYC processors and AI infrastructure. It’s happening throughout technology, industrials, utilities and power...
ROK Beats Forecast,
$ROK: strong beat/raise driven by Discrete +mid teens, Hybrid +HSD, Process +MSD. Org g double expectations at 9%, OM beat by 225 bps and +350bps y/y. Key ARR +6% and software +HSD makes this less cyclical going...
Loans Hit Record High, GDPNow at 3.7%
H.8 Fed Reserve Data: loans grew 8th straight week, the 13th week in 15, and 24th in 28 to a record high. C&I led rising 13th week in 15. Front line of economic activity. Atlanta Fed...
Estée Lauder Posts 40% EPS Surge, Beats Estimates
$EL: nice results this morning w 40% EPS growth and net sales up 5% with GM beat and up 140bps y/y. China g USD and $1B in sales in Asia Pacific. Raised estimates. Beauty Reimagined strategy taking hold.