Brian Stewart

And I think there's still a lot of individual stock picking. I think with the earnings season peaking in the last couple of weeks, I think investors have largely been looking at the individual company's financial results and not been too worried about the macro scene.

And I think there's still a lot of individual stock picking. I think with the earnings season peaking in the last couple of weeks, I think investors have largely been looking at the individual company's financial results and not been too worried about the macro scene.

One interesting theme over the last week is there's quite a few old school consumer companies that did well following the earnings. One example is Philip Morris, which jumped 14%. the past week. That was kind of an individual company story. The company is seeing a very successful transition to smoke-free products.

One interesting theme over the last week is there's quite a few old school consumer companies that did well following the earnings. One example is Philip Morris, which jumped 14%. the past week. That was kind of an individual company story. The company is seeing a very successful transition to smoke-free products.

One interesting theme over the last week is there's quite a few old school consumer companies that did well following the earnings. One example is Philip Morris, which jumped 14%. the past week. That was kind of an individual company story. The company is seeing a very successful transition to smoke-free products.

And so it was moving out of the traditional tobacco cigarettes and moving into things like nicotine packages and vapes. And so that process was seen as being sort of aggressively underway in the earnings since that drove But you also have companies like Coca-Cola, which beat expectations, showed strong organic sales growth.

And so it was moving out of the traditional tobacco cigarettes and moving into things like nicotine packages and vapes. And so that process was seen as being sort of aggressively underway in the earnings since that drove But you also have companies like Coca-Cola, which beat expectations, showed strong organic sales growth.

And so it was moving out of the traditional tobacco cigarettes and moving into things like nicotine packages and vapes. And so that process was seen as being sort of aggressively underway in the earnings since that drove But you also have companies like Coca-Cola, which beat expectations, showed strong organic sales growth.

There's worry still about higher costs and the prospects of tariffs affecting a large international company like Coke. But by and large, the results kind of going into the current quarter that just finished have shown that it's prospering pretty well. And the same with a company like McDonald's, which is up 6%. in the past week.

There's worry still about higher costs and the prospects of tariffs affecting a large international company like Coke. But by and large, the results kind of going into the current quarter that just finished have shown that it's prospering pretty well. And the same with a company like McDonald's, which is up 6%. in the past week.

There's worry still about higher costs and the prospects of tariffs affecting a large international company like Coke. But by and large, the results kind of going into the current quarter that just finished have shown that it's prospering pretty well. And the same with a company like McDonald's, which is up 6%. in the past week.

Interestingly, it missed expectations, but there was investors tended to focus more on the strength and global sales that it showed as well as the investments and value deals. So companies like Coke and McDonald's, I think are seen as value plays in an inflationary environment. So you have these strong brands that offer low cost products.

Interestingly, it missed expectations, but there was investors tended to focus more on the strength and global sales that it showed as well as the investments and value deals. So companies like Coke and McDonald's, I think are seen as value plays in an inflationary environment. So you have these strong brands that offer low cost products.

Interestingly, it missed expectations, but there was investors tended to focus more on the strength and global sales that it showed as well as the investments and value deals. So companies like Coke and McDonald's, I think are seen as value plays in an inflationary environment. So you have these strong brands that offer low cost products.

There's a view that those kinds of companies will prosper in that environment. McDonald's missed expectations, but still went higher. Uber dropped in the immediate aftermath of its earnings, but is up 23% in the past week as a whole. So there was a dip and then a buy on the dip. I think the main catalyst there is Bill Ackman announced a stake in the company.

There's a view that those kinds of companies will prosper in that environment. McDonald's missed expectations, but still went higher. Uber dropped in the immediate aftermath of its earnings, but is up 23% in the past week as a whole. So there was a dip and then a buy on the dip. I think the main catalyst there is Bill Ackman announced a stake in the company.

There's a view that those kinds of companies will prosper in that environment. McDonald's missed expectations, but still went higher. Uber dropped in the immediate aftermath of its earnings, but is up 23% in the past week as a whole. So there was a dip and then a buy on the dip. I think the main catalyst there is Bill Ackman announced a stake in the company.

And I think a lot of people saw that as a starter pistol for a higher move up. So I think there's a lot of traders that Jumped into that just sort of on his coattails to ride that trade higher. Also, Lyft dropped after its earnings a light booking forecast. So I think Uber saw the benefit of that. I think there was the idea that Uber might be winning that rivalry.

And I think a lot of people saw that as a starter pistol for a higher move up. So I think there's a lot of traders that Jumped into that just sort of on his coattails to ride that trade higher. Also, Lyft dropped after its earnings a light booking forecast. So I think Uber saw the benefit of that. I think there was the idea that Uber might be winning that rivalry.

And I think a lot of people saw that as a starter pistol for a higher move up. So I think there's a lot of traders that Jumped into that just sort of on his coattails to ride that trade higher. Also, Lyft dropped after its earnings a light booking forecast. So I think Uber saw the benefit of that. I think there was the idea that Uber might be winning that rivalry.