4 Defensive Stocks to Buy Amid Sinking Consumer Confidence [Yahoo! Finance]
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: Yahoo! Finance
Rising inflation and slowing GDP growth have raised concerns over the future of the economy, hurting the confidence of Americans. The Conference Board said on Apr 30 that consumer confidence fell to 97 in April, declining for the third straight month to hit its lowest level since July 2022. This follows a downwardly revised 103.1 in March. Economists had predicted consumer confidence level to remain little changed at 104 in April. Besides, the Present Situation Index, which is a gauge of consumers' assessment of current business and labor market conditions, fell to 142.9 in April from 146.8 a month earlier. Also, the Expectations Index, which measures consumers' short-term outlook for income, business, and labor market conditions, fell to 66.4 in April from March's upwardly revised level of 74. Any reading below 80 signals an ensuing recession. The Conference Board said that consumer confidence is being dented as people are becoming less positive about the current labor market
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MKC
Earnings
- 3/26/24 - Beat
MKC
Sec Filings
- 5/14/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- MKC's page on the SEC website