If We're In A Recession, Give Me More -- January 31, 2023

From today's Wall Street Journal:

I'm being flip, I know --- "... if we're in a recession, give me more ...." I know I may be singing a different tune three months from now, but one starts to wonder. Are the folks who are worried about a recession underestimating what might happen after "coming out of Covid-induced coma" which might, in fact, be followed by the end of a war in Ukraine? I don't know but the energy story is incredibly fascinating.

Link here. 

Now, if we could just get the egg situation in hand.  

HP: link here.

Lotus: to go public. 

*******************************
After-Hours Earnings

AMD: beats, 69 cents vs 67 cents. Shares surge, up $6/share. Link here.

Link here.

EW:

On average, analysts polled by FactSet expected the medical devices company to earn 61 cents per share on $1.33 billion in sales.

In the year-earlier period Edwards earnings were 51 cents per share and the company reported $1.33 billion in sales.

For the year, Edwards Lifesciences predicted to 9%-12% sales growth, excluding the impact of exchange rates. EW stock analysts forecasted earnings of $2.49 a share and $5.79 billion in sales.

Reported earlier today:

Tuesday, January 31, 2023, dividend calendar (to include time of release), whisper number vs consensus:

• XOM: before market open; $3.41 vs $3.32;  beats, record profit. Link here. IBD.Bloomberg. And here. And here — huge story. Here also.
  
• UPS: before market open; $3.66 vs $3.58; mixed, shares up. CNBC.
  
• PFE: before market open; $1.05 vs $1.03; how do you spell relief? Huge beat.
  
• CAT: before market open; $4.11 vs $3.95; mixed, shares off $8, but huge run since October.
• MCD: before market open; $2.51 vs $2.46; beats, huge. $2.59.
  
• MPC: before market open; $5.98 vs. $5.54; huge beat, $6.65. Link here.
  
• PSX: before market open; $4.76 vs $4.34; sky-high profit. Link here. $3.97 compared to $2.88 last year.
  
• GM: before market open; $1.74 vs $1.68; beats, shares up. $1.39. Shares surge on news. Link here.
  
• HP (Helmerich and Payne): after market close; n/a vs $1.01;
  
• EW (Edwards Lifesciences): after market close; 64 cents vs 61 cents; beats; 64 cents; shares surge.
  
• AMD: after market close; 66 cents vs 67 cents; 69 cents and beats on top line, $5.6 billion vs $5.5 billion.
  
• AMGN: after market close; $4.08 vs $4.04; just misses, $4.09 vs $4.10.