Time to Add More Metals

by Jocelynn Smith
The Sovereign Investor

This earnings season continues to be treacherous for investors. We’ve seen blue-chip global companies such as Coca-Cola, Johnson & Johnson, General Mills, Phillip Morris and Nike complaining about the impact of a strong dollar on their revenue.

We have also had companies announcing massive layoffs, including:

  • Intel plans to cut 12,000 jobs.
  • Boeing said it could cut up to 8,000 jobs this year.
  • Lockheed Martin recently cut 1,000 jobs.
  • Nordstrom plans to cut 400 jobs.
  • Freeport-McMoRan will slash 25% of its oil and gas workforce — 325 jobs.
  • Coach announced 300 job cuts.

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