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Lindsey Graham: GOP Doesn’t Have ‘A Snowball’s Chance In Hell’ Without Trump

Henry Schein Sees 2021 Adj. EPS To Be At Or Above 2019

Henry Schein Inc. (HSIC) said that it expects 2021 non-GAAP earnings per share from continuing operations attributable to the company to be at or above 2019 non-GAAP earnings per share from continuing operations of $3.51.

The guidance assumes foreign exchange rates that are generally consistent with current levels, and that end markets remain stable and are consistent with current market conditions. The guidance does not assume any material market changes associated with COVID-19.

The company expects that patient traffic will improve to pre-COVID-19 levels.

Dom’s Take: Fuel prices hit a century!

Dominic Xavier offers his take on fuel prices as they surge across the country.

  • Dom’s Take

Feature Presentation: Aslam Hunani/Rediff.com

Allete Q4 Profit Declines, But Results Beat Estimates – Quick Facts

Allete Inc. (ALE) reported Wednesday that its fourth-quarter net income declined to $47.1 million or $0.90 per share from $49.7 million or $0.96 per share in the year-ago period.

However, operating revenue for the quarter grew to $320.4 million from $304.6 million in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.75 per share for the quarter on revenues of $300.65 million. Analysts’ estimates typically exclude special items.

Oil Extends Gains On Supply Disruptions

Oil prices rose further on Wednesday because of the unexpected cold weather in Texas and fears of supply disruptions.

Benchmark Brent crude rose 67 cents, or about 1 percent, to $64.02 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 50 cents, or 0.8 percent, at $60.55.

A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing state, halting fuel flow to power plants and sending power demand to record highs.

ANZ and Citigroup analysts estimated at least 2 million barrels per day (bpd) of U.S. shale oil production has been curtailed.

Chevron Corp’s 112,229 barrel-per-day (bpd) Houston-area refinery in Pasadena, Texas, was shut on Tuesday, the company said.

Investors eye U.S. oil inventory data from the American Petroleum Institute industry group and the Energy Information Administration for further direction.

OPEC+ meets on March 4 to set its policy and it is expected that producers will likely ease curbs on supply after April given a recovery in prices.

Gold Extends Losses As Bond Yields Surge

Gold extended losses on Wednesday as a runaway rally in global bond yields coupled with a firmer dollar dented the precious metal’s safe-haven appeal.

Spot gold dipped 0.4 percent to $1,788.48 an ounce, while U.S. gold futures were down 0.6 percent at $1,787.55.

U.S. 10-year Treasury yields have topped 1.3 percent for the first time in nearly a year, driven by increasing inflationary concerns on the back of successful vaccine rollouts and prospects of more stimulus.

The three-month implied volatility on 10-year swap rates jumped, signaling that U.S. Treasuries are in for more wild gyrations.

The FOMC meeting minutes will draw attention later today as investors wonder whether or not monetary stimulus will remain super accommodative in the year ahead. Investors fear that ultra-easy monetary policy will spur runaway inflation.

Nestle is looking to bring the caffeine buzz to Africa

London (CNN Business)Nestlé (NSRGY) will sell its North American bottled water business, including Poland Spring, Deer Park, Ozarka and Arrowhead, in a $4.3 billion deal as it focuses on its premium brands.

The Swiss consumer goods giant said in a statement on Wednesday that it has agreed to sell the brands to private equity firm One Rock Capital Partners.
One Rock is partnering with family-owned investment firm Metropoulous & Co. on the purchase, which also includes brands such as Ice Mountain and Pure Life, as well as ReadyRefresh, which delivers beverages to homes and offices. Nestlé premium brands Perrier, S.Pellegrino and Acqua Panna are not part of the deal.

    “This sale enables us to create a more focused business around our international premium brands, local natural mineral waters and high-quality healthy hydration products,” said Nestlé CEO Mark Schneider.
    The company announced a review last June of its North American waters division, which had sales of $3.4 billion in 2019, in order to focus on faster growing parts of the bottled water business. It has committed to make its entire water portfolio carbon neutral by 2025 and is investing $2 billion in creating a market for recycled plastic.

    Dom’s Take: Fuel prices hit a century!

    Dominic Xavier offers his take on fuel prices as they surge across the country.

    • Dom’s Take

    Feature Presentation: Aslam Hunani/Rediff.com

    Blucora Inc. Q4 adjusted earnings Beat Estimates

    Below are the earnings highlights for Blucora Inc. (BCOR):

    -Earnings: -$50.70 million in Q4 vs. $17.33 million in the same period last year.
    -EPS: -$1.05 in Q4 vs. $0.36 in the same period last year.
    -Excluding items, Blucora Inc. reported adjusted earnings of -$9.00 million or -$0.19 per share for the period.
    -Analysts projected -$0.30 per share
    -Revenue: $155.16 million in Q4 vs. $149.42 million in the same period last year.

    -Guidance:
    Next quarter revenue guidance: $150 – $155.5 Mln

    Lindsey Graham: GOP Doesn’t Have ‘A Snowball’s Chance In Hell’ Without Trump

    The GOP doesn’t have “a snowball’s chance in hell” of taking back majorities without the backing of former President Donald Trump, Sen. Lindsey Graham (R-S.C.) argued on Tuesday.

    In an interview with Fox News’ Sean Hannity, Trump sycophant Graham weighed in on the ex-president’s feud with Senate Minority Leader Mitch McConnell (R-Ky.). Graham said he’d tell McConnell that “I know Trump can be a handful but he is the most dominant figure in the Republican Party.”

    Tensions have escalated between Trump and McConnell in recent days.

    McConnell voted to acquit Trump in his Senate impeachment trial for inciting the U.S. Capitol riot but then rebuked him as “morally responsible” for the violence.

    Trump hit back with a lengthy statement, calling McConnell “a dour, sullen, and unsmiling political hack” who was “destroying the Republican side of the Senate.”

    McConnell had been “indispensable” to Trump during his time in office, said Graham, calling on the pair to knock off their war of words.

    “I’m more worried about 2022 than I’ve ever been,” Graham added elsewhere in the interview, below, in which he also urged his GOP colleagues in the Senate to realize that without Trump “we’re never going to get back in the majority.”

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