{"id":73503,"date":"2024-01-26T09:04:56","date_gmt":"2024-01-26T14:04:56","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73503"},"modified":"2024-01-26T09:04:56","modified_gmt":"2024-01-26T14:04:56","slug":"coffee-with-greta-inflation-and-earnings","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/26\/coffee-with-greta-inflation-and-earnings\/","title":{"rendered":"Coffee With Greta: Inflation And Earnings"},"content":{"rendered":"

DJIA Futures: <\/b>+2 (+0.01%)<\/span><\/p>\n

SPX Futures: <\/b>+3 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-33 (-0.2%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are mixed as traders digest new inflation data and the latest batch of earnings.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Fed\u2019s Preferred Inflation Gauge<\/span><\/h2>\n

The Fed\u2019s preferred inflation gauge showed annual price increases were lower than expected at the end of 2023.\u00a0<\/span><\/p>\n

The Commerce Department\u2019s personal consumption expenditures (PCE) price index rose 0.2% monthly and 2.6% year over year.\u00a0<\/span><\/p>\n

The core PCE\u00a0 price index, which is the Fed\u2019s preferred measure, rose 0.2% monthly and 2.9% annually.\u00a0<\/span><\/p>\n

That was lighter than expectations for a 3% annual increase and down from the 3.2% change in November.\u00a0<\/span><\/p>\n

Consumer spending rose 0.7% in December, stronger than 0.5% expected.\u00a0<\/span><\/p>\n

Personal income growth slipped to 0.3%, in line with expectations.\u00a0<\/span><\/p>\n

Intel Outlook Falls Short<\/span><\/h2>\n

Intel <\/b>(INTC) shares are down 10.0% ahead of the open after beating Q4 expectations but issuing weak guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.54 vs $0.45 expected<\/span><\/li>\n
  • Revenue: $15.4 billion vs $15.15 billion expected<\/span><\/li>\n<\/ul>\n

    The company\u2019s revenue rose 10% year over year, breaking a seven quarter streak of declining revenue.\u00a0<\/span><\/p>\n

    Intel forecast Q1 EPS of $0.13 on $12.2 billion to $13.2 billion in revenue.\u00a0<\/span><\/p>\n

    That missed analysts\u2019 expectations of $0.33 in EPS on $14.15 billion in revenue.\u00a0<\/span><\/p>\n

    Levi Strauss Revenue Misses, Layoffs Announced<\/span><\/h2>\n

    Levi Strauss <\/b>(LEVI) shares are slipping 1.1% in premarket trade after reporting mixed Q4 results and issuing a weak outlook.\u00a0<\/span><\/p>\n

    Here\u2019s how the denim giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.44 vs $0.43 expected<\/span><\/li>\n
    • Revenue: $1.64 billion vs $1.66 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue rose 3% year over year.\u00a0<\/span><\/p>\n

      Levi projected revenue will rise between 1% and 3% for the full fiscal year, lower than 4.7% expected.\u00a0<\/span><\/p>\n

      The company forecast full-year earnings of $1.15 to $1.25 per share vs $1.33 expected.\u00a0<\/span><\/p>\n

      Levi also announced it will lay off at least 10% of its global corporate workforce as part of a restructuring.<\/span><\/p>\n

      Those cuts are expected to take place in the first half of this year and could impact up to 15% of corporate employees.\u00a0<\/span><\/p>\n

      In Case You Missed It<\/span><\/h2>\n
        \n
      • New home sales rose more than expected in December. The Census Bureau reported sales of newly built homes jumped 8% to a seasonally adjusted annual rate of 664,000 units last month. That was stronger than expectations for an SAAR of 649,000. The increase came as mortgage rates dropped below 7%, increasing demand in the market. The median sales price of a new home sold in December fell to $413,200 from $426,000 in November. The supply of new homes for sale fell 6.8% on a monthly basis. New home sales were up 4.4% year over year.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +2 (+0.01%) SPX Futures: +3 (+0.1%) NASDAQ Futures: -33 (-0.2%) Good morning friends! Futures are mixed as traders digest new inflation data and the latest batch of earnings.\u00a0 Let\u2019s get right to it! Fed\u2019s Preferred Inflation Gauge The Fed\u2019s preferred inflation gauge showed annual price increases were lower than expected at the end of 2023.\u00a0 The Commerce Department\u2019s personal consumption expenditures (PCE) price index rose 0.2% monthly and 2.6% year over year.\u00a0 The core PCE\u00a0 price index, which is the Fed\u2019s preferred measure, rose 0.2% monthly and 2.9% annually.\u00a0 That was lighter than expectations for a 3% annual increase and down from the 3.2% change in November.\u00a0 Consumer spending rose 0.7% in December, stronger than 0.5% expected.\u00a0 Personal income growth slipped to 0.3%, in line with expectations.\u00a0 Intel Outlook Falls Short Intel (INTC) shares are down 10.0% ahead of the open after beating Q4 expectations but issuing weak guidance.\u00a0 Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.54 vs $0.45 expected Revenue: $15.4 billion vs $15.15 billion expected The company\u2019s revenue rose 10% year over year, breaking a seven quarter streak of declining revenue.\u00a0 Intel forecast Q1 EPS of $0.13 on $12.2 billion to $13.2 billion in revenue.\u00a0 That missed analysts\u2019 expectations of $0.33 in EPS on $14.15 billion in revenue.\u00a0 Levi Strauss Revenue Misses, Layoffs Announced Levi Strauss (LEVI) shares are slipping 1.1% in premarket trade after reporting mixed Q4 results and issuing a weak outlook.\u00a0 Here\u2019s how the denim giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.44 vs $0.43 expected Revenue: $1.64 billion vs $1.66 billion expected Revenue rose 3% year over year.\u00a0 Levi projected revenue will rise between 1% and 3% for the full fiscal year, lower than 4.7% expected.\u00a0 The company forecast full-year earnings of $1.15 to $1.25 per share vs $1.33 expected.\u00a0 Levi also announced it will lay off at least 10% of its global corporate workforce as part of a restructuring. Those cuts are expected to take place in the first half of this year and could impact up to 15% of corporate employees.\u00a0 In Case You Missed It New home sales rose more than expected in December. The Census Bureau reported sales of newly built homes jumped 8% to a seasonally adjusted annual rate of 664,000 units last month. That was stronger than expectations for an SAAR of 649,000. The increase came as mortgage rates dropped below 7%, increasing demand in the market. The median sales price of a new home sold in December fell to $413,200 from $426,000 in November. The supply of new homes for sale fell 6.8% on a monthly basis. New home sales were up 4.4% year over year.<\/p>\n","protected":false},"author":41,"featured_media":73506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73503"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73503\/revisions"}],"predecessor-version":[{"id":73507,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73503\/revisions\/73507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73506"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}