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Most Active Stocks Today? 5 Defensive Stocks For Your Watchlist

Are defensive stocks the right move amid soaring inflation?
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5 Defensive Stocks To Watch In the Stock Market This Week

As we enter a new trading week, investors could be on the lookout for defensive stocks in the stock market. For one, this would be due to the Consumer Price Index (CPI), which rose 8.6% year-over-year in May. This came as a surprise as it exceeded the 8.3% Wall Street was estimating. In addition to that, consumer sentiment slumped to a record low between May and June amid concerns about inflation. As such, investors could be turning to defensive stocks. These are companies from sectors such as healthcare and consumer staples, which tend to see more stable demand in any economic condition.

An example of a defensive stock that investors could be watching this week is Kroger (NYSE: KR). The consumer staple company is set to report its financials from the most recent quarter before the market opens on Thursday. As it stands, Wall Street is expecting the company to report earnings of $1.27 per share on revenues of $44 billion for the quarter, representing year-over-year increases of 6.7% and 6.5% respectively. With that in mind, check out these defensive stocks in the stock market today.

Defensive Stocks To Watch Right Now

Procter & Gamble 

Starting us off today is Procter & Gamble (PG). Put simply, the company focuses on providing branded consumer packaged goods to consumers across the world. PG operates through five segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. Under these segments are brands such as Head & Shoulders, Herbal Essences, SK-II, Oral-B, Downy, and many more. Last Wednesday, the company and Microsoft (NASDAQ: MSFT) announced a new multi-year collaboration.

Namely, the consumer staple company is looking to leverage the Microsoft Cloud to help create the future of digital manufacturing at PG. “Together with Microsoft, P&G intends to make manufacturing smarter by enabling scalable predictive quality, predictive maintenance, controlled release, touchless operations and manufacturing sustainability optimization — which has not been done at this scale in the manufacturing space to date,” said PG’s CIO Vittorio Cretella. With Microsoft Azure as the foundation, the new collaboration marks the first time PG will digitize and integrate its data from more than 100 manufacturing sites around the world. Thus, will you be buying PG stock?

Proctor Gamble Stock
Source: TD Ameritrade TOS

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Ollie’s Bargain Outlet 

Following that, we have Ollie’s Bargain Outlet. As the name suggests, the company operates a chain of discount retail stores. Ollie’s offers a wide array of brand-name products ranging from housewares, daily essentials, and even toys. Notably, the company operates over 400 locations across 28 states, catering to discount shoppers. Last week, the company posted results for the first quarter of the year, with net sales tumbling 10% to $406.7 million. 

The company said this was due to last year’s inflated results from the third round of stimulus checks consumers received. However, thanks to the company’s bullish outlook, OLLI stock rose by over 10% last week. According to the earnings report, the company is forecasting sales to be in the range of $450 million to $460 million for the second quarter. Along with that, it expects adjusted earnings for the same period to be between $0.32 and $0.35 per share. Given this positive outlook, will you be keeping tabs on OLLI stock?

OLLI stock chart
Source: TD Ameritrade TOS

Campbell Soup Company 

Next, we have Campbell Soup, a company that has been around for generations. Although most would know it for its canned soup products, Campbell has actually grown to become one of the world’s largest processed food companies in the U.S. The company products can be split into two distinct divisions, Meals & Beverages and Snacks, with 13 core categories. Its brands include the likes of Prego, Campbell’s, and Pepperidge Farm to name a few. 

Last Wednesday, the company reported its third-quarter financials for fiscal 2022. Diving in, net sales for the quarter increased 7% year-over-year to $2.1 billion. This comes as demand for Campbell’s products remains strong, with consumption also increasing by 4% year-over-year. Along with that, it reported net earnings per share of $0.62, jumping by 15% compared to a year earlier. In the same earnings report, Campbell also said that it is raising its full-year fiscal 2022 sales outlook and reaffirming its prior adjusted EBIT and adjusted EPS guidance. All things considered, is CPB stock worth investing in right now?

CPB stock chart
Source: TD Ameritrade TOS

[Read More] Cheap Stocks To Buy Now? 3 Cyclical Stocks In Focus

Target Corporation 

General merchandise retailer Target sells products through its retail stores and digital channels. Its product category includes apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishing and decor. Last Thursday, the board of directors declared a quarterly dividend of $1.08 per common share, a 20% increase from $0.90 in the quarter prior. This also marks its 220th consecutive dividend paid since October 1967.

Besides that, Target also announced its updated plan for the year. The company is planning several actions to right-size its inventory for the remainder of the year. Target says this is to create “flexibility in serving guests in a rapidly changing environment.” As part of its strategy, Target will be adding incremental holding capacity close to U.S. ports, taking pricing actions, and removing excess inventory. Moreover, it also aims to work with suppliers to improve lead times in the supply chain. Seeing that TGT stock has been down more than 30% in the past month, should you consider buying the dip?

Target stock
Source: TD Ameritrade TOS

Eli Lilly and Company 

Last but not least, we have Eli Lilly and Company (LLY). It is a health care company that primarily engages in the discovery, development, manufacturing, marketing, and sales of pharmaceutical products across the world. In brief, the company’s portfolio includes treatments for various diseases including diabetes, cancer, endocrine-related illnesses, and Covid-19, to name a few. 

Earlier this month, LLY and Boehringer Ingelheim announced that their Jardiance (empagliflozin) drug was associated with a reduction in risk of hospitalization for heart failure in adults with Type 2 diabetes. According to Mohamed Eid, Boehringer Ingelheim’s head of clinical development and medical affairs, the findings suggest that empagliflozin has a well-understood safety and tolerability profile as well. As it stands, LLY and Boehringer Ingelheim have been working hard to establish their competitive footprint in the diabetes and cardiovascular treatment landscapes. Given this, should you add LLY stock to your watchlist?

LLY stock chart
Source: TD Ameritrade TOS

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The post Most Active Stocks Today? 5 Defensive Stocks For Your Watchlist appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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