Let's get away from the broader market for a second. It's volatile and it will likely stay that way for a while.
TheStreet's RealMoney does "stock of the day" every day. It's earnings season, which will surely guide the market somewhat for the first half of 2019, so here's a review of some important names TheStreet covered for stock of the day this past week.
Johnson & Johnson
Johnson and Johnson (JNJ - Get Report) is still down about 13% from its asbestos scandal that broke in mid December. Why? It's not all about the asbestos issue, which could hurt sales of baby powder, which doesn't account for much of the conglomerate's revenue. And it's not all about potential fines either. Its recent earnings report disappointed, and we could be talking about negative sales growth for the full year of 2019.
International Business Machines Corp. (IBM - Get Report) is up about 8% to $133 a share since it beat earnings expectations. But what investors really loved was its earnings-per-share guidance of $13.90 for 2019, beating analysts estimates of $13.80.
Intel Corp. (INTC - Get Report) posted mixed earnings results and worse-than-expected earnings guidance for the first quarter of 2019. Management guided for EPS in the quarter of 87, far lower than Wall Street's initially expected $1.01. At least five analysts reduced estimates for Intel Friday morning. Two key themes were clear. Slowing Chinese demand is hurting revenue growth, and competition from other players like Advanced Micro Devices Inc. (AMD - Get Report) is intensifying.
Starbucks Corp. (SBUX - Get Report) stock is up 14.5% since its encouraging earnings report in early November, when it showed strong U.S. sales growth. An analyst recently said investors would need to see U.S. sales growth -- which had fallen flat on its face in mid 2019 -- "reaffirmed" in order for the stock to move higher after earnings. That's what happened. Starbucks' U.S. sales growth was a strong 4% in the quarter. Guidance remained strong go the full year of 2019. Earnings growth can now be reasonably expected to be in the 11% to 12% range in the coming year. The question now: How will Starbucks compete with local coffee players in China, where it saw sales growth of 1% in the quarter.
RealMoney's Kevin Curran was all over Starbucks, Friday's stock of the day.