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Major Average Advance 4th Day In a Row, Pending Home Sales Plunge

Oct 28, 2022
Barry Adams
Benchmark indexes powered ahead on the back of stable inflation and rising earnings from energy companies. Tech stocks eased after Amazon.com forecasted weak fourth quarter sales.

Movers: Amazon.com, Apple, Chevron, ExxonMobil, Intel, Deckers Outdoor

Oct 28, 2022
Scott Peters
Deckers Outdoor reiterated its full-year outlook. Intel net income plunged and lowered its 2022 sales outlook. Chevron net income more than doubled. Exxon Mobil net income jumped nearly three-fold.

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Apple Third Quarter Sales Rise 8%, iPhone Sales Up 10%

Oct 27, 2022
Scott Peters
Apple sales rose in every region of the world except Japan, despite the supply chain issues, inflation worries and zero-Covid lockdowns in China.

AAPL

Amazon.com Plunges 18% On Fourth Quarter Slow Growth Outlook

Oct 27, 2022
Scott Peters
Amazon.com said third quarter sales increased 15% but net income fell 9.3%. The online retailer guided fourth quarter sales to rise between 2% and 8%

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After Hours: Amazon.com, Apple, DexCom, Mastercard

Oct 27, 2022
Scott Peters
Amazon guided weak fourth quarter sales growth. Apple earnings were ahead of expectations. DexCom third quarter revenue and earnings rose.

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GDP Rebound Fails to Ease Recession Fears, Tech Sell-off Continues

Oct 27, 2022
Barry Adams
Benchmark indexes closed lower after the third quarter GDP rebounded but key economic drivers weakened and failed to ease fears of a recession.

Movers: Ford Motor, Meta, McDonald's, Morningstar, O'Reilly Auto, Raymond James, Shopify, Teladoc

Oct 27, 2022
Scott Peters
Facebook parent plunged on earnings and future revenue growth worries. Teladoc Health said quarterly loss narrowed. Shopify gross merchandise volumes and payments rose.

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Stocks Cheer Economic Rebound, Yield Ease on Slower Rise In PCE

Oct 27, 2022
Barry Adams
U.S. GDP rebounded to 2.6% annual rate after falling for two previous quarters in a row. The rebound was helped by the improvement in net trade and resilient consumer spending and business investment.

European Indexes Waver After Rate Hike, Bond Yields Ease

Oct 27, 2022
Barry Adams
European stocks turned lower and bond yields fell after the European Central Bank revised rates and held out for more increase at the next meeting in December.

After Hours Earnings: Ford, Meta Platforms, Morningstar, O'Reilly Automotive, Raymond James

Oct 26, 2022
Scott Peters
Meta, parent of Facebook, dropped after the company reported second quarterly sales decline in a row and offered a weak guidance. Raymond James quarterly revenues rose 5%. Morningstar swung to a quarterly loss. Ford reported larger-than-expected loss.

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Tech Heavy Nasdaq Drops 2% On Earnings Worries

Oct 26, 2022
Barry Adams
Benchmark indexes turned volatile after Google and Microsoft confirmed widely anticipated digital advertising revenue slowdown. Treasury bond yields eased but mortgage rates jumped above 7%.

Major Averages Fall On Tech Growth Worries, Microsoft Down 7%

Oct 26, 2022
Barry Adams
Benchmark indexes traded lower after Microsoft and Google cited weaknesses in ad revenues and cloud business. Mortgage rates jumped above 7%.

After Hours Earnings: Alphabet, Chipotle, Microsoft, Qualtrics, Texas Instruments, Visa

Oct 25, 2022
Scott Peters
Parent of Google missed sales and earnings outlook. Microsoft earnings dropped on currency headwinds. Chipotle Mexican Grill earnings and revenues rose more-than-expected. Visa Inc revenues and earnings rose on higher payment volume and transactions.

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Stocks Inch Higher On Positive Earnings Reports, Oil Eases

Oct 25, 2022
Barry Adams
Stocks traded higher and energy prices eased on China-demand worries. Market sentiment was positive after GM, JetBlue, Coca-Cola and UPS reported better-than-expected quarterly results.



GM Q3 Earnings Jump 38%, Reiterated 2022 Outlook

Oct 25, 2022
Scott Peters
The automaker plans to increase Chevrolet electric vehicles production to 100,000 in 2023.

GM