Wall Street came back from the long holiday weekend in a poor mood.
Walmart Inc. (WMT) released its fourth-quarter earnings today, and while the retail giant beat both earnings and sales expectations, it provided a weak guidance.
So, the question on most folks’ minds right now: Is the U.S. consumer really strong?
Now, I don’t trust a lot of the economic data for January. January is the biggest month for seasonal adjustments, and I anticipate we’ll see big revisions to the January payroll and retail sales reports in the upcoming months.
So for today, let’s take a look at a consumer good company across the pond…
Coca-Cola Europacific Partners PLC (CCEP) is a British company made up of the three main bottling companies for The Coca-Cola Company in Western Europe. The company makes, sells and distributes soft drinks for consumers across the western continent, including Great Britain, Germany, Portugal, and Spain, just to name a few.
Last week, Coca-Cola Europacific Partners announced its fourth-quarter earnings on Thursday, February 2023. For the quarter, Coca-Cola Europacific Partners reported earnings of €3.39 per share and revenue of €17.3 billion, a 13% and 15.5% year-over-year increase, respectively. For full-year 2023, the company expects revenue growth of 6-8%.
Coca-Cola Europacific Partners was upgraded in my Portfolio Grader this weekend from a C-rating, or “Hold,” or a B-rating, or “Buy.” (Walmart remains at a C-rating, as it has for the last two weeks)
Now, I also want to discuss the rest of my Portfolio Grader revisions. After taking a closer look at the latest institutional buying pressure and each company’s fundamental health over the weekend, I decided to revise my Portfolio Grader recommendations for 93 blue-chip stocks.
Chances are you have at least one of these stocks in your portfolio, so you may want to give this list a skim accordingly. I’ve listed the first 10 stocks below that were upgraded from a Hold to a Buy. For the full list of 93 stocks – as well as their Fundamental and Quantitative Grades – click here.
|Ticker||Company Name||Total Grade|
|ALLE||Allegion Public Limited Company||B|
|CARR||Carrier Global Corp.||B|
|CCEP||Coca-Cola Europacific Partners plc||B|
|CHWY||Chewy, Inc. Class A||B|
|HZNP||Horizon Therapeutics Public Limited Company||B|
|IBN||ICICI Bank Limited Sponsored ADR||B|
|ITUB||Itau Unibanco Holding S.A. Sponsored ADR Pfd||B|
|LULU||Lululemon Athletica Inc||B|
The bottom line is that companies that provide positive earnings, sales and future guidance are rewarded, while companies that reveal weak forward-looking guidance are shot. And in the current market environment, I want to focus on fundamentally superior stocks that can generate real, hold-in-your-hand cash now.
That’s why on Thursday, February 16, I hosted a special event – the $50k Cash Comeback – to reveal the new income research project designed to pinpoint investment opportunities that could generate incredible amounts of income, over and over again.
The goal is simple: Show folks how to earn income streams worth $50,000. With this new venture, I believe I’ve found the key to financial freedom. And I revealed this discovery during my $50k Cash Comeback event. I also showed folks how to access one of my best stock recommendations – absolutely free.
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Lululemon Athletica Inc (LULU)