Over the last few days, we’ve been attending the Inside ETF conference in warm and sunny Hollywood, FL. While we were focused on the latest developments in the ETF space, we’ve kept one eye on the markets and the renewed climb in the stock market, with the DOW tipping over the 20,000 mark for the first time in history just this morning.
With yesterday’s close both the tech-heavy Nasdaq composite index and the S&P 500 powered to new all-time highs amid news that President Trump is already getting down to business, the domestic manufacturing economy perked up further in January and the continued mixed bag of December quarter earnings.
As we shared in this week’s Monday Morning Kickoff, this is the first full week of the year that teems with both data and earnings, with the latter escalating as the week goes on and on into next week. Toward the end of the week, we get the first print on 4Q 2016 GDP and we close it out with the start of Chinese New Year. As that holiday begins, we’ll be looking for confirming points for our Affordable Luxury, as well as Rise & Fall of the Middle-Class themes.
This week we have four positions on the Tematica Select List reporting – Cash-strapped Consumer company McCormick & Co. (MKC), Connected Society player AT&T (T), Guilty Pleasure company Starbucks (SBUX) and Alphabet (GOOGL), which resides in our Asset-lite Business Model investing theme. This morning McCormick reported is 4Q 2016 results, and despite the impact of currency, which was expected given the company’s geographic mix, we found the results rather favorable and the same can be said for the outlook over the next year – more on that below.
After today’s market close, AT&T will share its full results for the December quarter. Last week the company pre-announced several metrics for its December quarter, but yesterday Verizon’s (VZ) results fell short of Wall Street expectations. As part of our monthly position review below, we’ve laid out some of those metrics as well as shared reporting dates for those companies that have made their reporting dates known. That’s right, today is the last Wednesday in January and it’s time to take stock (pun intended) of the positions on the Tematica Select List.
This week’s issue is jammed packed, with updates on the 15 of the holdings in the Tematica Select List along with our current ratings and guidance on each position. Given the length, we recommend you download the full issue by either clicking on the download button below or simply clicking here.