By coinnews 
00:00 Brad Smith
Now, time for some of today’s trending tickers. We are watching AbbVie, SLB, and Colgate. First up, AbbVie lifting its 2025 profit forecast after reporting better than expected results for its newer immunology drugs. The company says its updated forecast does not reflect possible US tariffs on the pharmaceutical sector, keeping close tabs on shares up by about 4 and a half percent. We have a company, uh, well, uh,
00:43 Brad Smith
comment from the company’s chief executive officer, Rob Michael, over there saying that the first quarter results well ahead of their expectations reflect a excellent start to the year, an excellent start to the year, and then the fundamentals of their business. They believe they are strong right now and continue to bolster their outlook with some pipeline advancements and strategic, uh, investments right now.
01:14 Seana Smith
Yeah, I think it’s really interesting to talk about a name like this. We just had Nancy Tengler on. She said this is their largest health care holding, talking about how the company’s results, they don’t reflect any trade policy shifts that could come from the pharmaceutical sector, but that guidance, at least for now, looking like it beat expectations, and that’s why you’re seeing those shares up. Really interesting potential recession indicator in the results, seeing weakness in some of their more, um, vanity style offerings, the likes of Botox injections, for example, is that potentially an indicator of slowdown in consumer spending? They’re seeing more of the strength in autoimmune meds more broadly, that helped them surpass quarterly results as well.
02:14 Brad Smith
I paused my injections last week, so.
02:19 Seana Smith
I’ve yet to start because I’m concerned about, you know, an economic slowdown. So we will, we will discuss our Botox treatments in the break. But next up, Schlumberger missing first quarter profit estimates, that’s SLB, weighed down by weaker demand in Latin America. The oilfield services provider offering a cautious outlook due to economic uncertainty, tariff risk, and volatile oil prices here. Also really interesting, joining the likes of their competitors, one of them Baker Hughes, in flagging more caution ahead, missing those estimates for first quarter profit.
03:27 Seana Smith
Also saying that there was weaker demand specifically in Latin America that dragged on its international business, and warning again of that industry-wide shift amid economic uncertainty, and of course, volatile oil prices, which are a, uh, key focus of the current administration. So it’s likely to continue.
03:53 Brad Smith
I appreciate them for just letting us say SLB going forward from here. But a few of the things that I, I noted within this report specifically, some of the sequential changes year over year, revenue was actually down by 9% in this most recent quarter. You also saw some of the core adjusted EBITDA also off by about 15%. So some major reasons why investors are actually sending shares lower by about 2.9% right now off of the back of this earnings result. Also, finally, Colgate reporting a higher first quarter profit, but lowering its 2025 earnings guidance. The consumer products maker expecting to take a hit from tariffs here. We’re taking a look at shares up right now by about 1.4%. And it’s been an interesting week to hear from companies like Colgate, companies like Kimberly Clark, as well as Proctor and Gamble, just about what they’re sensing in the consumer environment right now. And for many of them trying to best assess how any pullback in some of the either number of loads of laundry that you’re doing, as Proctor and Gamble was talking about, or PNG versus Colgate, and, and, and I hope people don’t, you know, stop brushing their teeth and doing all of that. But, um, again, this is at least an interesting environment for them to navigate the frequency at which, um, and the replenishment rate for consumers of their products.
05:58 Seana Smith
Yeah, I mean, it’s interesting, right? Why is the stock up? Yes, they posted that higher profit, but still looking like their, uh, sales growth is set to be lower than previously stated. Having said that, they do anticipate sales being up in the low single digits with a smaller impact due to foreign exchange rates. This is one of those names that really does stand to benefit from a weaker dollar. Obviously, that has been a key storyline over the course of the last couple of weeks here as that dollar weakness comes in. But more broadly, the story with a name like this, with name like PNG, like you mentioned, Brad, these are consumer staples. So if these names start to see weakness, we heard earlier this week from PNG, people doing less laundry because of the economy, that is a really important indicator for folks to be keeping an eye on.