Good MorningEquity markets bounced back on Thursday following Wednesday’s slide. The onslaught of earnings reports continues to be better than expected and is lifting investor sentiment. While inflation is a big part of the story, margins are holding up and earnings remain strong. So long as this scenario remains intact the S&P 500 should continue to move higher but there is a risk. The PCE index is going to be released today and could put an end to investor euphoria.
Rising prices and inflation are already cutting into the volume of business done by retail companies, if the PCE indicates hotter than expected inflation the outlook for future sales and earnings will sour.
Next week, the deluge of earnings reports will continue with the addition of some key economic releases as well. The Nonfarm payrolls report is due out on Friday and there are a host of other important releases due out during the week.
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Classic chart patterns emerge daily across capitalizations and sectors. So do the opinions of sell-side r... Read the Full Story |
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Stocks | | That’s why we often see growth companies get brutally punished for failing to exceed expectations or take off and rally on surprisingly good numbers. If you are trying to identify some quality growth stocks to buy after reporting impressive earnings, here are 3 names Read the Full Story |
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Tech | | Asian shares slipped on Friday, despite recent signs of optimism about the global economy, including recent rallies on Wall Street.
Japan's benchmark Nikkei 225 edged down 0.9% in morning trading to 28,559.89, as investors mostly took a wait-and-see attitude ahead of the nationwide p... Read the Full Story |
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Tech | | Amazon isn't just grappling with the easing of pandemic-induced shopping splurges. The online retail behemoth is also contending with surging costs as it navigates a snarled supply chain and labor shortages.
Those challenges resulted in Amazon reporting a shortfall Thursday in third-q... Read the Full Story |
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Tech | | Like many companies in trouble before it, Facebook is changing its name and logo.
Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the “ ... Read the Full Story |
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Markets | | Starbucks on Thursday reported record quarterly sales thanks to its robust U.S. business that helped make up for weakness in China and other markets.
The Seattle coffee giant said its U.S. same-store sales — or sales at locations open at least a year — jumped 22% in the July-September... Read the Full Story |
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Tech | | Apple’s iPhone sales soared yet again in the past quarter, but didn’t grow as rapidly as analysts anticipated because of supply shortages that have made it more difficult to meet the demand for a wide range of products Read the Full Story |
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Markets | | The automotive industry is struggling with systemic issues but, by all accounts, still doing quite well. While the major OEMs are cutting back on production sales remain robust and the outlook for the industry is healthy. Read the Full Story |
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Markets | | When Saia (NASDAQ: SAIA) decided to open a new terminal in Virginia the move was met with some criticism. Although demand within the industry is high and warrants such a move, ultra-tight labor conditions suggest it may be a bigger bite than the company can chew. Read the Full Story |
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Digital financial services company Sofi Technologies (NASDAQ: SOFI) stock is gaining a new resurgence as it attempts to climb towards all-time highs. The fintech has expanded its financial services to become a one-stop shop for banking, investing, lending, budgeting, wealth planning, and credit ca... Read the Full Story |
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