{"id":73703,"date":"2024-02-13T09:08:24","date_gmt":"2024-02-13T14:08:24","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73703"},"modified":"2024-02-13T09:08:24","modified_gmt":"2024-02-13T14:08:24","slug":"coffee-with-greta-hot-inflation-stunts-rally","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/13\/coffee-with-greta-hot-inflation-stunts-rally\/","title":{"rendered":"Coffee With Greta: Hot Inflation Stunts Rally"},"content":{"rendered":"

DJIA Futures: <\/b>-361 (-0.9%)<\/span><\/p>\n

SPX Futures: <\/b>-63 (-1.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-303 (-1.7%)<\/span><\/p>\n

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

Futures are falling after the release of hotter-than-expected inflation data.\u00a0<\/span><\/p>\n

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

Yields Jump, Stocks Drop On Hot CPI<\/span><\/h2>\n

Treasury yields are rising while stocks are sliding after the January CPI came in hot.<\/span><\/p>\n

The Bureau of Labor Statistics\u2019 consumer price index rose 0.3% last month and 3.1% year over year.\u00a0<\/span><\/p>\n

That was higher than expectations for a 0.2% monthly and 2.9% annual gain.\u00a0<\/span><\/p>\n

The core CPI rose 0.4% monthly and 3.9% annually vs 0.3% monthly and 3.7% annually expected.\u00a0<\/span><\/p>\n

Higher housing prices accounted for much of the increase with shelter prices up 0.6% monthly and 6% annually.\u00a0<\/span><\/p>\n

Food prices rose 0.4% monthly and energy prices dropped 0.9%.\u00a0<\/span><\/p>\n

The 10-year Treasury yield is up nine basis points at 4.28% while the 2-year yield is up 11 basis points at 4.6%.<\/span><\/p>\n

Coca-Cola Rises On Sales Beat<\/span><\/h2>\n

Coca-Cola <\/b>(KO) shares are up 1.2% ahead of the open after reporting mixed Q4 results.\u00a0<\/span><\/p>\n

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

    \n
  • Adjusted EPS: $0.49, in line with expectations<\/span><\/li>\n
  • Revenue: $10.85 billion vs $10.68 billion expected<\/span><\/li>\n<\/ul>\n

    Total revenue rose 7% year over year while organic revenue jumped 12%.\u00a0<\/span><\/p>\n

    Sales volume in North America shrank 1% but higher prices helped offset that decline.\u00a0<\/span><\/p>\n

    Coke forecast 2024 organic revenue growth of 6% to 7% in 2024 with comparable EPS expected to grow 4% to 5%.\u00a0<\/span><\/p>\n

    Shopify Drops Despite Earnings Beat<\/span><\/h2>\n

    Shopify <\/b>(SHOP) shares are tumbling 12.3% in premarket trade despite beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the e-commerce platform\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.34 vs $0.30 expected<\/span><\/li>\n
    • Revenue: $2.14 billion vs $2.08 billion expected<\/span><\/li>\n<\/ul>\n

      Gross merchandise volume rose 23% to $75.1 billion vs $72.2 billion expected.\u00a0<\/span><\/p>\n

      Shopify forecast 2024 revenue growth year over year at a \u201clow-twenties\u201d percentage rate.\u00a0<\/span><\/p>\n

      Analysts were anticipating revenue of $8.39 billion which implies 19% growth.\u00a0<\/span><\/p>\n

      But the company warned it expects \u201cmeaningfully higher\u201d operating expenses in the first quarter, which appears to be weighing on the stock.\u00a0<\/span><\/p>\n

      Hasbro Drops On Q4 Miss, Weak Outlook<\/span><\/h2>\n

      Hasbro <\/b>(HAS) shares are down 5.8% ahead of the open after missing Q4 expectations and issuing weak guidance.\u00a0<\/span><\/p>\n

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

        \n
      • Adjusted EPS: $0.38 vs $0.65 expected<\/span><\/li>\n
      • Revenue: $1.29 billion vs $1.34 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue dropped 23.2% year over year and it was the third straight quarter Hasbro has missed earnings expectations.\u00a0<\/span><\/p>\n

        The company\u2019s Wizards of the Coast and Digital Gaming segments saw revenue rise 10% from a year ago.<\/span><\/p>\n

        But Consumer Products revenue dropped 25% as toys and game volume sank 19%.<\/span><\/p>\n

        Entertainment revenue also plunged 31%.<\/span>
        \n<\/span><\/p>\n

        Hasbro said it expects Wizards of the Coast revenue to fall between 3% and 5% in 2024 with Consumer Products revenue down 7% to 14%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: -361 (-0.9%) SPX Futures: -63 (-1.3%) NASDAQ Futures: -303 (-1.7%) Good morning friends! Futures are falling after the release of hotter-than-expected inflation data.\u00a0 Let\u2019s get right to it! Yields Jump, Stocks Drop On Hot CPI Treasury yields are rising while stocks are sliding after the January CPI came in hot. The Bureau of Labor Statistics\u2019 consumer price index rose 0.3% last month and 3.1% year over year.\u00a0 That was higher than expectations for a 0.2% monthly and 2.9% annual gain.\u00a0 The core CPI rose 0.4% monthly and 3.9% annually vs 0.3% monthly and 3.7% annually expected.\u00a0 Higher housing prices accounted for much of the increase with shelter prices up 0.6% monthly and 6% annually.\u00a0 Food prices rose 0.4% monthly and energy prices dropped 0.9%.\u00a0 The 10-year Treasury yield is up nine basis points at 4.28% while the 2-year yield is up 11 basis points at 4.6%. Coca-Cola Rises On Sales Beat Coca-Cola (KO) shares are up 1.2% ahead of the open after reporting mixed Q4 results.\u00a0 Here\u2019s how the beverage giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.49, in line with expectations Revenue: $10.85 billion vs $10.68 billion expected Total revenue rose 7% year over year while organic revenue jumped 12%.\u00a0 Sales volume in North America shrank 1% but higher prices helped offset that decline.\u00a0 Coke forecast 2024 organic revenue growth of 6% to 7% in 2024 with comparable EPS expected to grow 4% to 5%.\u00a0 Shopify Drops Despite Earnings Beat Shopify (SHOP) shares are tumbling 12.3% in premarket trade despite beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the e-commerce platform\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.34 vs $0.30 expected Revenue: $2.14 billion vs $2.08 billion expected Gross merchandise volume rose 23% to $75.1 billion vs $72.2 billion expected.\u00a0 Shopify forecast 2024 revenue growth year over year at a \u201clow-twenties\u201d percentage rate.\u00a0 Analysts were anticipating revenue of $8.39 billion which implies 19% growth.\u00a0 But the company warned it expects \u201cmeaningfully higher\u201d operating expenses in the first quarter, which appears to be weighing on the stock.\u00a0 Hasbro Drops On Q4 Miss, Weak Outlook Hasbro (HAS) shares are down 5.8% ahead of the open after missing Q4 expectations and issuing weak guidance.\u00a0 Here\u2019s how the toy maker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.38 vs $0.65 expected Revenue: $1.29 billion vs $1.34 billion expected Revenue dropped 23.2% year over year and it was the third straight quarter Hasbro has missed earnings expectations.\u00a0 The company\u2019s Wizards of the Coast and Digital Gaming segments saw revenue rise 10% from a year ago. But Consumer Products revenue dropped 25% as toys and game volume sank 19%. Entertainment revenue also plunged 31%. Hasbro said it expects Wizards of the Coast revenue to fall between 3% and 5% in 2024 with Consumer Products revenue down 7% to 14%.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":73704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73703","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\/73703","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=73703"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73703\/revisions"}],"predecessor-version":[{"id":73706,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73703\/revisions\/73706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73704"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}