Dow shot up 135, advancers over decliners 3-2 & NAZ gained 23. The MLP index went up 1+ to the 212s & the REIT index fell 1 to the 415s. Junk bond funds rose in price & Treasuries were bid higher, Oil was steady in the 53 & gold was flattish at 1570.
AMJ (Alerian MLP Index tracking fund)
Energy Secretary Dan Brouillette said he expects the US-Mexico-Canada Agreement (USMCA) to boost the American workforce by creating about 600K jobs. "You're going to see more jobs all across the economy, in the automobile sector, in the agricultural sector and of course in the energy sector as well," Brouillette said. "We're looking at approximately 600,000 jobs being created by this deal." Pres Trump is scheduled to sign USMCA at the White house shortly, leaving one last hurdle for the deal: Canada. Canada's Prime Minister Justin Trudeau's opposition party, which controls the House of Commons, could hold up the country's ratification process. "This is a brilliant deal that the president led to lock in some of the reforms that were undertaken in places like Mexico years ago, around the 2014 time frame," Brouillette added. "They took very specific steps to open up their markets. The president's taking advantage of that by locking in this deal that's going to mean good news for American workers all across this country."
Boeing (BA), a Dow stock, lost $1B in the last 3 months of 2019 as the grounding of its best-selling 737 Max jetline stretched toward a full year, crimping airline customers' revenue & forcing out CEO Dennis Muilenburg, who had become the face of the crisis. Sales dropped 37% to $17.9B as deliveries of commercial airplanes tumbled 67%. EPS amounted to a $2.33 loss, BA's first since 1997. "We recognize we have a lot of work to do," said CEO David Calhoun, who took over this month as the 3rd CEO in the last 5 years, following Muilenburg's ouster last month. "We are focused on returning the 737 Max to service safely and restoring the longstanding trust that the Boeing brand represents with the public." Calhoun said that he's confident that the single-aisle airliner, the latest iteration of a plane introduced in the late 1960s, can win Federal Aviation Administration certification by Jun. "There's nothing in the process that scares us with respect to the safety of the airplane and, ultimately, delivery of the airplane," he added. The company's timetable is "based on the experience that we've had over the course of the past year in working with the FAA." The company reportedly secured $12B in loans to carry it thru a potential cash crunch after halting deliveries of the 737 Max until regulators approve its return to commercial flight. Stock holders like the news & the stock rose 7.20.
If you would like to learn more about BA, click on this link:
club.ino.com/trend/analysis/stock/BA?a_aid=CD3289&a_bid=6ae5b6f7
McDonald's (MCD), a Dow stock & Dividend Aristocrat, reported quarterly earnings that topped expectations as price hikes offset declining foot traffic in US restaurants. MCD's Q4 was marked by an executive shakeup when Chris Kempczinski, who formerly led the company's US division, was tapped as teh new CEO. The burger chain has struggled to reverse declining foot traffic to US restaurants as consumers lose their taste for fast food. It is also facing more competition from other chains, particularly in breakfast, the only time of day that is growing customer traffic across the fast-food industry. “We’re committed to really updating and competing in an aggressive way in the chicken segment,” Kempczsinki said but declined to share more on future plans. In the US same-store sales climbed 5.1% during the qtr, despite traffic to restaurants falling by 1.9% in 2019. “Getting U.S. guest count to positive is our number one priority,” Kempczinski told analysts, adding that the focus will be winning over breakfast customers. MCD's attributed its US sames-store sales growth to price hikes, strong sales of core menu items like the Big Mac & positive impacts from high-tech store renovations that include self-order kiosks. The company expects to spend about $1.3B on capital expenditures in the US in fiscal 2020, more than ½ of which will be spent on those renovations. EPS was $2.08, up from $1.82 a year earlier. Excluding a tax benefit related to new regulations, EPS was $1.97, topping the $1.96 estimate. Net sales rose 4% to $5.3B, meeting expectations. The company reported global same-store sales growth of 5.9% compared to 5.2% expected. The stock went up 5.59.
If you would like to learn more about MCD, click on this link:
club.ino.com/trend/analysis/stock/MCD?a_aid=CD3289&a_bid=6ae5b6f7
McDonald’s earnings beat Wall Street estimates, helped by price hikes as US foot traffic declined
Earnings are bringing out stock buyers as shown above. Signing the USMCA trade deal is making them even more optimistic about the future in these trying times. The Dow is about 500 below its record, not bad, & the bulls would like to see more records.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CL=F | Crude Oil | 53.16 | -0.32 | -0.6% |
| GC=F | Gold | 1,571.00 | +1.20 | +0.1% |
Energy Secretary Dan Brouillette said he expects the US-Mexico-Canada Agreement (USMCA) to boost the American workforce by creating about 600K jobs. "You're going to see more jobs all across the economy, in the automobile sector, in the agricultural sector and of course in the energy sector as well," Brouillette said. "We're looking at approximately 600,000 jobs being created by this deal." Pres Trump is scheduled to sign USMCA at the White house shortly, leaving one last hurdle for the deal: Canada. Canada's Prime Minister Justin Trudeau's opposition party, which controls the House of Commons, could hold up the country's ratification process. "This is a brilliant deal that the president led to lock in some of the reforms that were undertaken in places like Mexico years ago, around the 2014 time frame," Brouillette added. "They took very specific steps to open up their markets. The president's taking advantage of that by locking in this deal that's going to mean good news for American workers all across this country."
USMCA to create 600,000 jobs, US Energy Secretary tells FOX Business
Boeing (BA), a Dow stock, lost $1B in the last 3 months of 2019 as the grounding of its best-selling 737 Max jetline stretched toward a full year, crimping airline customers' revenue & forcing out CEO Dennis Muilenburg, who had become the face of the crisis. Sales dropped 37% to $17.9B as deliveries of commercial airplanes tumbled 67%. EPS amounted to a $2.33 loss, BA's first since 1997. "We recognize we have a lot of work to do," said CEO David Calhoun, who took over this month as the 3rd CEO in the last 5 years, following Muilenburg's ouster last month. "We are focused on returning the 737 Max to service safely and restoring the longstanding trust that the Boeing brand represents with the public." Calhoun said that he's confident that the single-aisle airliner, the latest iteration of a plane introduced in the late 1960s, can win Federal Aviation Administration certification by Jun. "There's nothing in the process that scares us with respect to the safety of the airplane and, ultimately, delivery of the airplane," he added. The company's timetable is "based on the experience that we've had over the course of the past year in working with the FAA." The company reportedly secured $12B in loans to carry it thru a potential cash crunch after halting deliveries of the 737 Max until regulators approve its return to commercial flight. Stock holders like the news & the stock rose 7.20.
If you would like to learn more about BA, click on this link:
club.ino.com/trend/analysis/stock/BA?a_aid=CD3289&a_bid=6ae5b6f7
Boeing posts first loss in 20 years as 737 Max grounding grinds on
McDonald's (MCD), a Dow stock & Dividend Aristocrat, reported quarterly earnings that topped expectations as price hikes offset declining foot traffic in US restaurants. MCD's Q4 was marked by an executive shakeup when Chris Kempczinski, who formerly led the company's US division, was tapped as teh new CEO. The burger chain has struggled to reverse declining foot traffic to US restaurants as consumers lose their taste for fast food. It is also facing more competition from other chains, particularly in breakfast, the only time of day that is growing customer traffic across the fast-food industry. “We’re committed to really updating and competing in an aggressive way in the chicken segment,” Kempczsinki said but declined to share more on future plans. In the US same-store sales climbed 5.1% during the qtr, despite traffic to restaurants falling by 1.9% in 2019. “Getting U.S. guest count to positive is our number one priority,” Kempczinski told analysts, adding that the focus will be winning over breakfast customers. MCD's attributed its US sames-store sales growth to price hikes, strong sales of core menu items like the Big Mac & positive impacts from high-tech store renovations that include self-order kiosks. The company expects to spend about $1.3B on capital expenditures in the US in fiscal 2020, more than ½ of which will be spent on those renovations. EPS was $2.08, up from $1.82 a year earlier. Excluding a tax benefit related to new regulations, EPS was $1.97, topping the $1.96 estimate. Net sales rose 4% to $5.3B, meeting expectations. The company reported global same-store sales growth of 5.9% compared to 5.2% expected. The stock went up 5.59.
If you would like to learn more about MCD, click on this link:
club.ino.com/trend/analysis/stock/MCD?a_aid=CD3289&a_bid=6ae5b6f7
McDonald’s earnings beat Wall Street estimates, helped by price hikes as US foot traffic declined
Earnings are bringing out stock buyers as shown above. Signing the USMCA trade deal is making them even more optimistic about the future in these trying times. The Dow is about 500 below its record, not bad, & the bulls would like to see more records.
Dow Jones Industrials
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