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Movers: Boeing, Check Point Software, Jacobs Engineering, PerkinElmer, Global Payments, Nio

Aug 1, 2022
Barry Adams
Boeing jumped on the expectations that the jet maker will resume deliveries of 787 Dreamliner soon. PerkinElmer agreed to sell its non-core assets. Global Payments reinforced its annual outlook. Chinese electric vehicle makers reported rising shipments in July.

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U.S. Stocks Lack Direction, Oil Drops 4%

Aug 1, 2022
Barry Adams
U.S. stocks struggled and manufacturing activities expanded for the 26th month in a row in July. Crude oil prices dropped. Investors await earnings from 1,200 companies this week.

3-day Rally Lifts S&P 500, Nasdaq to Best Monthly Gains in Two Years

Jul 29, 2022
Barry Adams
Investors looked beyond rate hike worries and economic slowdown and the latest data confirmed 4-decade high inflation last month. Exxon and Chevron posted record quarterly profits.

S&P 500 and Nasdaq Set for Best Month In Two Years

Jul 29, 2022
Barry Adams
Stocks extended rally on Wall Street and popular indexes are set to extend and weekly gains. The latest batch of earnings provided an additional impetus to the market advance despite a measure of inflation reaching a four-decade high in June.

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Stocks Extend Rally On Wall Street, Amazon Reports a Loss, Apple Net Falls 11%

Jul 28, 2022
Barry Adams
Benchmark indexes rallied for the second day in a row after investors looked beyond the latest GDP data. Intel posted a second quarter loss. Apple earnings fell 11% and the iPhone remains popular with customers. Amazon reported its second quarterly loss in a row.

Teladoc's Livongo Acquisition Impairment Charges Approach $10 Billion

Jul 28, 2022
Scott Peters
Teladoc, the virtual healthcare services provider, took another hefty charge linked to its large acquisition only two years ago and also lowered its quarterly and annual outlook.

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U.S. Stocks Turn Lower as Economy Falters

Jul 28, 2022
Barry Adams
Stocks rebounded from earlier losses after the second quarter GDP declined but at a slower pace. The second quarterly decline raised the prospect of a recession despite the strength in labor market and stable consumer spending.  

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Nasdaq Jumps 4% After Fed Rate Hike

Jul 27, 2022
Barry Adams
Stocks soared on Wall Street after the Federal Reserve lifted its key lending rate by a larger-than-expected 0.75 percentage point. Tech stocks led the advance ahead of the GDP data on Wednesday.

UPS Parcel Volume Decline On Higher Prices

Jul 27, 2022
Scott Peters
UPS said quarterly revenues increased despite the decline in domestic parcel volumes and the delivery company plans to lift its stock repurchase limit.

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Visa Results Improve On Rising Travel Activities

Jul 27, 2022
Scott Peters
Visa Inc said revenues and earnings improved as travel activities picked up and the payment processor continued its stock repurchase program.

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Stocks On Wall Street Rally Ahead of Rate Decision

Jul 27, 2022
Barry Adams
Benchmark indexes jumped more than 1% ahead of the rate decision supported by a barrage of generally positive corporate earnings.

Alphabet Earnings Fall On Slower Revenue Growth

Jul 26, 2022
Scott Peters
Google's parent reported its slowest revenue growth in two years as the company battled strong dollar and macroeconomic headwinds. Ad revenues on the YouTube channel was flat and the company reported higher operating losses in its cloud segment.

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Microsoft Earnings Growth Slows On Strong Dollar and Slowing Cloud Growth

Jul 26, 2022
Scott Peters
Microsoft said strong dollar and weakening growth in cloud segment hurt its latest quarter's earnings. Xbox related revenues shrank after the ending of pandemic.

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General Motors Earnings Plunge 40%

Jul 26, 2022
Scott Peters
General Motors earnings plunged 40% and the company said supply chain disruptions prevented the automaker from shipping 100,000 vehicles.



Coca-Cola Lifted Full-Year Sales and Earnings Growth Outlook

Jul 26, 2022
Scott Peters
Coca-Cola June quarterly sales growth was primarily driven by price-increase and volume mix improvements. Unit case volumes rose 8% across all operating regions.