RECENT Consumer Discretionary RESEARCH
Skechers (SKX) reported results for fiscal 3Q17 after the market closed on Thursday, October 19, 2017.
The 3Q17 earnings season is now at its peak, with the S&P 500 Index (SPY) (SPX-Index) finishing last week (ended October 20, 2017) with a gain of 0.86%.
Dunkin’ Brands (DNKN) plans to announce its 3Q17 earnings on October 26. On October 19, DNKN stock was trading at $55.96 for a 6.5% return potential since its 2Q17 earnings report.
Ford Motor Company (F) is set to release its 3Q17 earnings report on October 26. Ford is the second-largest US auto company by vehicle sales volume after General Motors (GM).
On October 18, 2017, Altria stock was trading at $64.81, which represents a fall of 9.6% since the announcement of its 2Q17 earnings on July 27, 2017.
Harley-Davidson (HOG) released its 3Q17 earnings on October 17, reporting adjusted earnings of $0.40 per share, which was ~37.5% lower than in 3Q16.
McDonald’s will announce its 3Q17 earnings before the market opens on October 24, 2017. The stock price has risen 8.9% since its 2Q17 earnings.
General Motors (GM), the largest US automaker, is set to release its 3Q17 earnings report on October 24.
Colgate-Palmolive (CL) stock has risen 15.8% on a YTD (year-to-date) basis as of October 16, 2017, and has outperformed most of its peers in terms of stock gains.
The US holiday season is the most important sales season for US retailers and department stores.
Last week, the stocks of automakers General Motors (GM), Fiat Chrysler (FCAU), and Ferrari (RACE) continued to outperform the broader market, rising 2.1%, 0.90%, and 2.1%, respectively.
Nordstrom (JWN) stock fell 5.3% to $40.40 on October 16, 2017, in reaction to the news that the Nordstrom family suspended its efforts to take the company private.
The California-based Skechers (SKX) is slated to release its third-quarter 2017 results on Thursday, October 19.
The third quarter earnings season has picked up the pace. The S&P 500 Index finished the week ending October 13 with slight growth of 0.15%.
In this series, we’ll look at Wall Street analysts’ recommendations for auto stocks before the auto industry’s 3Q17 earnings season begins.
As of October 11, 2017, Kimberly-Clark stock is up 3.3% on a YTD (year-to-date) basis.
In 3Q17, Harley-Davidson stock underperformed the broader market for the third quarter in a row.
Philip Morris (PM) plans to announce its 3Q17 earnings on October 19. On October 10, PM was trading at $115.17, a 5.3% fall since the release of its 2Q17 earnings.
Procter & Gamble (PG) will report its fiscal 1Q18 earnings on Friday, October 20, 2017. Analysts expect it to post EPS (earnings per share) of $1.07, a 3.9% rise YoY.
In the week ended October 6, the broader market traded on a positive note, and the S&P 500 benchmark (SPY) saw 1.2% gains. Meanwhile, US automaker stocks continued to outperform the broader market.