Kraft Heinz (KHC) reported earnings on Thur 13 Feb 20 (b/o)

• Barron's Feb 7 reco below

** charts after earnings **

  

• Barron's recommended KHC just a few days before earnings, Feb. 7:

Kraft Heinz beats by $0.04, misses on revs

Reports Q4 (Dec) earnings of $0.72 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.68; revenues fell 5.2% year/year to $6.54 bln vs the $6.61 bln S&P Capital IQ Consensus.

Pricing increased 2.0 percentage points versus the prior year period, with higher pricing in all business segments except Canada. Volume/mix decreased 4.2 percentage points, primarily driven by volume/mix declines in the US and, to a lesser extent, Rest of World markets that more than offset growth in Canada and EMEA.

United States net sales were $4.7 bln, down 2.7% versus the year-ago period.

Rest of World net sales of $708 mln decreased 10.1% versus the year-ago period, including a negative 5.2 percentage point impact from currency and a negative 3.3 percentage point impact from the India nutritional beverages divestiture. Organic Net Sales decreased 1.6% versus the year-ago period.

==Barron's : Goldman Sachs is regaining its touch

"How Goldman Sachs Is Regaining Its Touch" — Barron's cover story by Jack Hough:

• "As with other big corporations, Goldman could benefit from the Trump administration’s lighter regulatory touch. It will definitely gain from a deep cut to corporate taxes and full access to overseas cash, even if the firm must mark down some tax assets and pay a one-time repatriation tax."
• "More significantly, when trading conditions improve, FICC [fixed income, currency, and commodities] could bounce back quickly."
• Why it matters: "No one else is as poised as Goldman to profit."
• "With trading humbled, the firm is more diversified than it was before the financial crisis. And it is becoming more prosperous, as it expands in mergers, lending, and money management; buys back stock; and invests in technology."
• "Whether improvements come from external conditions, organic growth, or a mix of the two, the conversation could quickly shift from Goldman’s fall from past trading glory to its relative value."