Robert Hum

Good fact from my old producer Robert Hum: since 1980, the S&P has posted a Q1 gain 28 times. Only 4 of those times has the index found itself posting an annual decline that same year...has almost always rallied the rest of the year after a good Q1 start. @CNBC @HumOnTheMarkets

Plenty of cautious guidance from retailers this earnings season. But another major problem - margin pressure. Retailers are seeing margins miss estimates due to higher costs and increased markdowns. And they're seeing sharp margin compression compared to year-ago levels too.

@carlquintanilla Nice!

Whoa. 🔥 (cc: @HumOnTheMarkets)

Is it time for $NVDA to replace $INTC in the $DJIA?

$INTC is the buzzy dividend cut today. We've seen other cuts this earnings season. $RIO cut its full-year payout by 53% from a year ago. Lower commodity prices also caused $BHP to cut its dividend 40%. Earlier in Feb., $HBI eliminated its dividend & $VFC cut its payout by 41%.

Despite all the macro concerns/noise of late, have you noticed how many companies this earnings season have said that they've been seeing a "resilient" consumer? (a team effort with @wellsangels)

A rare miss for $CMG as consumer spending tightened. First EPS miss since Feb. 2021. Just the 2nd EPS miss in the last 5 years. It's also the first time $CMG has missed on BOTH EPS & revenues since October 2017, according to Refinitiv.

Here are America's most profitable companies over the last 4 quarters. Yes, $XOM & $CVX have made a bundle of money. But their profits are still dwarfed by $AAPL and to an extent $MSFT & $GOOGL

Amid all of $INTC's problems, how much longer can/will it stay in the $DJIA? It presumably would be a prime candidate to be replaced. As the lowest-priced stock in the index, it has the least impact. Mkt cap is similar to $AMD, less than $QCOM. $NVDA too high priced for $DJIA

$NFLX reports tomorrow afternoon. Don't forget it will no longer provide subscriber growth guidance. It'll focus more on revenue. Slowing revenue growth has been a major problem too. $NFLX expected to post record low rev. growth for the 2nd straight quarter (up just 1.7% YOY)

Think egg prices have gotten expensive? $LW - which produces all types of frozen potato products (fries, hash browns, tater tots) said prices soared 30% YOY in the latest quarter - outpacing potato costs. Meanwhile $CAG, which owns a variety of food brands, said prices rose 17%.

Bed Bath & Bankruptcy? A dire warning from $BBBY. It's operating as a "going concern" and could explore bankruptcy. It's delaying its 10-Q. Liquidity has been an issue in working w/vendors to get products on shelves. Sales & losses will be worse than ests in the qtr ended Nov 26

Look what sectors will see earnings contract this coming earnings season. Plus - see how far estimates have come down in recent weeks and months. cnbc.com/2022/12/29/sev…

Want to see what inflation looks like these days? The nation's largest egg producer $CALM reported results. Egg prices doubled from a year ago - far exceeding the inflation seen 12 months ago. Prices are so high that conventional eggs have been more expensive than premium eggs.

The biggest losers among $10 trillion lost in market value this year. cnbc.com/2022/12/28/con… (h/t @hsilverb)

NEWSLETTER: The $12 trillion that vanished. link.cnbc.com/public/30100583

According to @hsilverb, U.S. stocks have lost $10 trillion in value this year, with more than $8 trillion being lost in the $SPX. Look how top heavy the losses have been. 7 firms ($AMZN, $AAPL, $GOOGL/$GOOG, $MSFT, $TSLA, $META, $NVDA) have made up 60% of the $SPX losses this yr

Think you can time the markets? Five losing days made up most of the losses this year. Market timing is not a good investment strategy. cnb.cx/3YUw4I9

$FDX still struggling with ongoing demand problems. Shipments in the latest quarter fell below pre-pandemic levels for both U.S. Express and Ground services. U.S. Express volumes have plunged 15% from a year ago, while Ground volumes are down 9% YOY.

Were retailers and apparel makers too optimistic for the holiday quarter in recent weeks? Not a good sign from $VFC. cnbc.com/2022/12/05/thi…