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Jobless Claims: Initial claims for the week ending July 18 was 255,000, a decrease of 26,000 from the previous week's unrevised level of 281,000; lowest level for initial claims since November 24, 1973. The 4-week moving average was 278,500, a decrease of 4,000 from the previous week's unrevised average of 282,500.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.