Diamonds and Dogs
7/30/19
P&G (PG) shining brightly. The consumer products company is up 4% to new all-time highs following better than expected earnings. Earnings were driven by 7% growth in organic sales and strong e-commerce growth with online sales up 25% to more than $5 billion, or about 8 percent of total sales. With a market cap of $300 billion, P&G is now the 11th largest US market cap company.
Capital One (COF) has seen better days. The credit card company is down 7%, biggest one-day drop in four years after a major data breach affecting 100 million people in the U.S. Capital One said late Monday that it expects the breach to increase costs by $100 million to $150 million, but at least two analysts remain bullish on the stock with long term buy ratings.
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