Earnings

We're excited that Amazon's second Prime Day promises to boost sales ahead of the holidays

We’re excited that Amazon’s second Prime Day promises to boost sales ahead of the holidays

The announcement of a second Prime Day from Amazon (AMZN) sent shares of the e-commerce giant higher on Monday. As Club shareholders, we are encouraged by the prospect that Prime’s 150 million global members will increase their online retail spending ahead of the holiday season. The two-day global shopping event, dubbed the Prime Early Access …

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Elon Musk Twitter Deposition, Bed Bath & Beyond Earnings, Amazon Hardware Event Next Week

Elon Musk Twitter Deposition, Bed Bath & Beyond Earnings, Amazon Hardware Event Next Week

State Street Global Advisors chief investment strategist Michael Arone told “The Claman Countdown” that he expects greater market volatility as the Fed raises rates to fight inflation. Investors expect another flurry of earnings and key economic data. Wall Street will also be watching developments in the Musk-Twitter legal battle as the world’s richest man is …

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US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks closed sharply lower on Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose to the following the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow Jones fell 4% while …

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From the Fed to the currency crisis in Europe, here's what's behind this massive sell-off in financial markets

From the Fed to the currency crisis in Europe, here’s what’s behind this massive sell-off in financial markets

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened on Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could lead to much higher interest rates and a recession. Friday’s selloff was global, in a week the Fed …

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Fracking

Energy earnings expected to decline, but oil services remain strong | OilPrice.com

The energy sector has made bumper profits in the current year, with major oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE:SHEL) together generated $46 billion in second-quarter earnings, with all three setting new quarterly earnings records. Overall, high commodity prices are a big part of the …

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The 7 worst housing markets, according to Lennar

The 7 worst housing markets, according to Lennar

Higher mortgage rates have reduced home sales nationally, but as the saying goes, all real estate is local. Lennar , the nation’s second-largest builder by market capitalization, listed the best and worst-resilient real estate markets on Thursday. The homebuilder was one of two to release earnings for the quarter ended Aug. 31 this week. Lennar …

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The stocks that move the most at midday: Novavax, Darden Restaurants, Eli Lilly and more

The stocks that move the most at midday: Novavax, Darden Restaurants, Eli Lilly and more

An Olive Garden restaurant in Times Square in New York. Richard Levin | Corby | Getty Images Here are the stocks making headlines Thursday at noon. Novavax – Shares of the drugmaker fell 13.3% after JPMorgan downgraded Novavax to an underweight of neutral. Banks also cut its price target on the stock, citing falling demand …

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Stock Dividend Yields Exceed What Treasuries Offer

Stock Dividend Yields Exceed What Treasuries Offer

Text size JPMorgan Chase headquarters in New York. Nina Westervelt/Bloomberg Bond yields jumped, making many dividend-paying stocks less attractive. A quick glance, however, shows that reliable high-yield dividend names are indeed available. This was the year of rising yields. The 10-year Treasury yield rose to around 3.5% from 1.51% at the end of 2021. The …

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Ford's earnings warning shows the truck sector is strong.  Electric vehicles could improve it.

Ford’s earnings warning shows the truck sector is strong. Electric vehicles could improve it.

Text size A Ford F150 Raptor. Scott Olson/Getty Images Ford engine Shares fell after the company changed – but did not cut – its profit forecast due to parts shortages and cost inflation. Investors reacted in disgust by selling the shares. But they may have missed a silver lining in Ford’s update (ticker: F): Investors …

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Fed expects another three-quarter-point rate hike, but forecast could be biggest

Fed expects another three-quarter-point rate hike, but forecast could be biggest

It’s not what the Federal Reserve is doing, but what it says it might do in the future that will be most crucial when the central bank wraps up its two-day meeting on Wednesday. The Fed is expected to launch another three-quarter point rate hike – its third in a row. It will also release …

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