Spicy Stocks, 3M, and the New Pfizer
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 January 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
McCormick slips on earnings. 3M announces layoffs. And Pfizer feels some pain. Motley Fool analyst Emily Flippen discusses those stories and talks China and the coronavirus.
Transcript
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| 0:00.0 | It's Tuesday, January 28th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.2 | I'm Matt Greer, and I am joined in studio |
| 0:07.7 | by Motley Full Analyst Emily Flipping. |
| 0:09.7 | Emily, how are you doing today? |
| 0:11.6 | I'm all right. |
| 0:12.3 | How about yourself? I'm doing good? I'm all right. How about yourself? I'm doing good. Now in a minute as our resident expert as a student of China |
| 0:19.2 | Do you like when I always just kind of build your credentials that way? I love it. |
| 0:23.1 | Well, I'm going to have to ask you about the coronavirus. |
| 0:25.9 | Chris and Jason talked about it on yesterday's market floor, |
| 0:28.2 | and I certainly want to talk to you about it in a few minutes. |
| 0:30.7 | But I want to kick things off with some earning stories and let's begin with |
| 0:34.2 | McCormick, the spice maker, and really a dang good stock over the last few years, |
| 0:40.4 | but not so much today. Shear's slipping a bit after McCormick reported lower than expected earnings. |
| 0:46.8 | What is going on here? |
| 0:47.8 | Well not only the McCormick miss on their revenue and earnings, but they gave weak guidance for 2020. |
| 0:55.0 | Net income was actually down a penny year over year on flat revenue. |
| 0:59.8 | So I think all in all this was, I mean, McCormick's never been a high-flying stock but it was a worse quarter than |
| 1:05.4 | what was expected but you need to put it in context for instance |
| 1:08.8 | michormick prior to this earnings was up 40% over the past year alone. |
| 1:15.0 | And that is foiled against the market's 25%, |
| 1:18.0 | but still that's 20% over the market, 15 20% over the market, |
... |
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