Stocks Can Win When Women Lead

Stocks Can Win When Women Lead

While volatility is still the name of the game, an article in Barron’s highlights six companies helmed by female CEOs that are sailing ahead in rough waters:

General Motors. GM is one of the world’s largest auto makers and since 2014 it’s been run by Mary Barra, the first female to head up one of the Big Three auto manufacturers in the U.S. Though the stock fell 6.3% in 2022 amid rising interest rates and declining vehicle prices, it’s up 18% so far this year, beating the S&P 500.

Oracle. When founder Larry Ellison stepped down as CEO in 2014, Safra Catz stepped back in. Over the past 12 months, share prices have risen 17%, and 8.6% in 2023, particularly after a strong earnings report at the end of last year. Catz said on a recent earnings call that demand was still very strong as “more customers are recognizing our second-generation infrastructure cloud as being fundamentally better architected for higher performance, better security, and unmatched reliability.” The company’s earnings as well as sales are predicted to continue growing year-over-year.

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Advanced Micro Devices. CEO Lisa Su has helmed the company since 2014 and though stock in the company has dropped 24% in the last 12 months, it’s risen 30% in 2023 so far, continuing a solid performance in spite of a slowdown in demand for personal computers. Indeed, its December earnings report was higher than expected, compared to its competitor Intel, which missed its earnings expectations in its fourth quarter. On a recent earnings call, Su predicted that demand in the first half of 2023 would be somewhat muted but the second half would come in stronger.

Tapestry. Headed up by CEO Joanne Crevoiserat for over two years, Tapestry—which encompasses luxury brands such as Coach and Kate Spade—has seen its stock go up 12% in 2023 and 19% over the last 12 months. Retail has been a challenging environment, but Tapestry has managed to deliver solid earnings so far this year, which Crevoiserat told Barron’s “reflects the successful transformation we’ve undertaken over the last few years as well as the fact that we have the best teams in the business.”

Hershey. The chocolate giant has been led by president and CEO Michele Buck for the last 18 years, and this past year has been as sweet as its signature product. Shares rose 16% over the last 12 months and 3.1% in 2023, with a jump in net sales for the fourth quarter of 2022 across all of its products. And the company continues to innovate, recently launching plant-based Hershey’s and Reese’s options.

Dick’s Sporting Goods. President and CEO Lauren Hobart has been with the sports retailer for 12 years. Their stock has skyrocketed 23.2% and 36% in 2023 and for the last 12 months, respectively, bringing in strong earnings for its fourth quarter ahead of expectations. And Dick’s recently announced it was partnering with the NCAA to be its “Official Sporting Goods Retail Partner,” prompting a number of Wall Street analysts to raise their price targets for the company.

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