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Consumer Price Index: US BLS reported, CPI-U was up 0.3% in June on a seasonal adjustment (SA) basis. Over the last 12 months, all items index rose 0.1% before SA, first time since Dec. The index for all items less food and energy (F&E) rose 0.2% in June. The indexes for food and for all items less F&E have both risen 1.8% over the past 12 months.
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.