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Hot Inflation Lifts Treasury Yields and Deepens Stock Sell-off

Sep 13, 2022
Barry Adams
Consumer prices rose at a slower pace in August but remained elevated driven by rising cost of food and shelter. Treasury yields surged and the stock sell-off deepened on the worries that high prices are rapidly spreading in the broader economy.

Wall Street Extended 4-day Rally Ahead of Inflation Report

Sep 12, 2022
Barry Adams
Stocks extended gains for the fourth day in a row ahead of the CPI report tomorrow on optimism about a slowdown in inflation.

Movers: Amgen, Bristol-Myers, Carvana, Gilead, Twitter

Sep 12, 2022
Barry Adams
Gilead settled patent litigation with five generic drugmakers. Bristol-Myers won a regulatory approval for its oral treatment for plaque psoriasis.

AMGN CVNA TWTR BMY GILD

Wall Street Stocks Extend Gains On Weaker Inflation Hopes

Sep 12, 2022
Barry Adams
Tech and resource stocks led the gainers for the third day in a row on the hopes of cooling inflation ahead of the CPI data tomorrow.

High-priced Furniture Retailer RH Guides Larger Sales Decline

Sep 9, 2022
Scott Peters
Formerly known as Restoration Hardware guided larger sales decline in the third quarter and said it plans to refrain from discounting in the current promotional environment.

RH

Hooker Quarterly Sales and Income Struggle

Sep 9, 2022
Scott Peters
Hooker quarterly shipments rebounded as Asian factories began to resume normal schedules. Domestic upholstery division's backlog was five times pre-pandemic levels.

HOFT

Casey's General Quarterly Net Jumps 28%

Sep 9, 2022
Scott Peters
The Midwestern convenience retail chain said revenues soared 40% and earnings jumped 28% in its latest quarter ending in July.

CASY


Global Markets Rally On Optimism

Sep 9, 2022
Barry Adams
Stocks rebounded after trading down for weeks and investors factor higher rates and slower economic growth as a new backdrop for the business environment.

U.S. Indexes Extend Weekly Gains, Crude Oil Rebounds

Sep 9, 2022
Barry Adams
Investors remain skeptical of the Fed's ability in bringing down sky-high inflation, despite forceful reminders from the Fed Chair Powell. The U.S. economy is likely to be saddled with low growth for a decade ahead.

Bond Yields In Focus After Powell's Speech, Stocks Look Beyond Fed's Next Move

Sep 8, 2022
Barry Adams
Stock markets are increasingly looking beyond the next rate move and crude oil prices edged from the recent 7-month low.

Dave Buster's Quarterly Net Income Drops On Higher Expenses

Sep 8, 2022
Scott Peters
The restaurant chain operator said quarterly income declined on higher payroll, store operating and other general expenses.

PLAY

American Eagle Outfitters Plans to Cut Staff and Expense After Quarterly Loss

Sep 8, 2022
Scott Peters
The apparel retailer guided lower gross margins in the next two quarters on higher than usual markdowns. The company plans to cut store payroll, corporate expenses and advertising.

AEO

Movers: American Eagle Outfitters, Asana, Dave & Buster's, GameStop, McCormick, Regeneron Pharma

Sep 8, 2022
Barry Adams
American Eagle Outfitters dropped on higher markdowns and weaker outlook. GameStop reported wider loss. McCormick lowered its annual outlook.

Fed's Hawkish Comments Fail to Dampen Market Advance

Sep 8, 2022
Barry Adams
Stocks turned lower after hawkish comments from the Fed Chair Powell. Investors are still skeptical despite the Fed's persistent reiteration of its commitment in fighting high inflation.



GitLab Revenues and Loss Surge

Sep 7, 2022
Scott Peters
GitLab said revenues rose in the July quarter but losses surged as well.