(Bloomberg) — Stock markets may have become too pessimistic about corporate earnings despite the gloomy outlook for the global economy, according to Sanford C. Bernstein strategists. “While the probability of an outright recession has likely increased in recent days as it has become apparent that the Federal Reserve needs to act more aggressively to tackle […]
Read More(Bloomberg) — Weakening corporate profit forecasts may provide the latest headwind to US stocks, which are likely to fall further before bottoming during the second-quarter earnings season, according to Morgan Stanley strategists. “In the absence of an obvious shock like a recession, companies are slow to guide down,” strategists led by Michael Wilson wrote in […]
Read More(Bloomberg) — Shopify Inc.’s president appealed to investors to focus on the company’s growing customer base as the stock dropped again Friday to a fresh two-year low. The Canadian firm’s shares have plunged 21% since it disclosed first-quarter profit on Thursday morning that fell far short of analysts’ estimates. Shopify is navigating a “rebalancing” in […]
Read More(Bloomberg) — JPMorgan Chase & Co. strategists expect Corporate America to easily trounce Wall Street’s earnings forecasts. Consensus earnings estimates for the S&P 500 are “overly pessimistic” for the first quarter and companies in the index are poised to deliver a surprise of 4% to 5% on “better-than-feared margins,” according to a team of JPMorgan […]
Read More(Bloomberg) — The positive effects from inflation on earnings growth for U.S. firms have peaked as rising costs trim their margins and price pressures caused by the Ukraine war hit consumers, according to Morgan Stanley strategists. “Margin expectations look overly optimistic for the balance of ‘22 given the myriad of cost pressures companies face,” the […]
Read MoreTraders are tuning into Disney after a comeback quarter for the entertainment beast. Shares surged 8% in pre-market trading Thursday to $158.62 as the company smashed analyst sales estimates by more than $1 billion and earnings by 45 cents. The company saw a major uptick in operating profits at its parks divisions as consumers returned […]
Read More(Bloomberg) — Amazon.com Inc. reported a a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped about 18% in extended trading. Fourth-quarter sales increased 9.4% to […]
Read MoreKey Takeaways Analysts estimate adjusted EPS of $0.48 vs. $0.34 in Q4 FY 2020. The number of automobiles sold is expected to decline YOY. Revenue is expected to rise YOY despite global supply chain disruptions, rebounding from the most recent quarter’s decline. Ford Motor Co. (F) has struggled to make enough vehicles to meet surging […]
Read MoreOne of the big challenges for average investors is sifting through the mountains of information that comes from the market on a daily basis. I think that may be the biggest reason that so many investors have learned over the course of decades of market activity to rely on analyst estimates for a company’s future […]
Read MoreInflation data will be in focus this week, with investors set to receive the Bureau of Labor Statistics’ (BLS) latest Consumer Price Index (CPI) as the Federal Reserve’s next monetary policy moves remain in focus. Quarterly earnings season also ramps up as some of the big banks report results. Market participants are bracing for another […]
Read MoreAthletic gear retailer Dick’s Sporting Goods (DKS) reports third-quarter earnings on Tuesday before the market open. DKS stock edged higher on Monday. The company reports as it grapples with limited product availability caused by a manufacturing shutdown in Vietnam hitting companies like Nike (NKE). Dick’s Sporting Goods Earnings Estimates: Wall Street expects Dick’s to earn […]
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