Are you ready to hear some entertaining news about the stock market? Of course you are! First up, we have consumer staples giant, Procter & Gamble, with a beat for the quarter ending on March 31st. Shares are trading higher than my neighbor’s kite on a windy day, up 3.5% on Friday at $156.50 apiece. Stay tuned for the Club’s analysis on P & G’s quarterly results, coming later Friday. And in other news, the Federal Reserve might just be able to raise interest rates at their next meeting in May, thanks to stronger-than-expected U.S. services and manufacturing data in April. Hold on to your hats, folks!
Next up, we have Halliburton, the oilfield services giant, who reported a slight earnings beat on Friday but missed out on cash flow. However, the firm gave a very bullish outlook, which bodes well for Club holding Halliburton when it reports results on Tuesday before the opening bell. Haliburton’s stock has taken quite the tumble this year, down more than 15%, but it should ultimately be lifted by its continued pricing power. Shares were down on Friday morning by nearly 2% at around $33 apiece.
Lastly, we have Humana, the laggard of the group. Despite better-than-expected results from other health-care names like United Health and Elevance Health, Humana’s shares have been trending lower this week. But before you start sobbing, Cantor Fitzgerald has initiated coverage on Humana with an overweight, or buy, rating and a price target of $597 per share. The firm believes that Humana’s stock is undervalued and has “multiple levers of upside” to management’s guidance, along with Medicare Advantage market-share gains. Humana’s stock was trading down 0.47% on Friday at $488 a share, but they are set to report their first-quarter results on Wednesday before the opening bell.
And there you have it, folks – the latest news in a humorous, funny, and witty tone. Remember, if you’re a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. But please keep in mind that no specific outcome or profit is guaranteed. Happy trading and investing!
Serious News: cnbc
