A busy week ahead of a make-or-break report


PepsiCo: Snack and beverage giant PepsiCo’s Tuesday earnings report will be a “bittersweet moment” for Cramer as longtime CEO Indra Nooyi prepares to step down from her post the following day.

“Indra reinvented the company, transforming it from a carbonated soda and salty snacks business into a more diversified operation with many healthy offerings. I’ve come to respect her not only for her business acumen, but, perhaps more important, for her leadership role as an executive focused on doing good works worldwide,” the “Mad Money” host said.

“Indra was well ahead of the curve on important issues like diversity, equality and sustainability,” he continued. “I’m hoping she stays on as a highly visible role model for everybody, especially billions of women, around the globe.”

As for the actual report, Cramer expected a good quarter that would send the stock higher, but warned that “the sector remains extremely out of favor” on Wall Street.

Paychex: The Federal Reserve’s latest interest rate hike is “basically free money” for payroll processors like Paychex, but this quarter, the old-line administrative giant may have run into a problem, Cramer said.

“The competition among companies that advise on business services like retirement savings — one of their smaller divisions — has gotten very fierce,” he said ahead of the company’s Tuesday earnings report.

“More important, we know that Square, the ambitious point-of-sale kingpin that we like so much, has decided to get into the payroll processing business itself. Square’s a big-time disruptor and they’re all about small- and medium-sized business, which is very much Paychex’s wheelhouse,” Cramer continued. “Call me conflicted.”

Source link

Products You May Like

Articles You May Like

JP Morgan Chase (JPM) earnings Q4 2019 crush estimates
Harry and Meghan’s Canada move still needs to be worked out
Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV
Delta (DAL) earnings Q4 2019
Jeff Bezos says Amazon is donating $690,000 to Australian bush fire efforts

Leave a Reply

Your email address will not be published. Required fields are marked *