Login
Breaking News
New Home Sales   Durable Goods Orders   Nike   FedEx   FedEx   Existing Home Sales   Fed Cuts Rates   Building Permits and Housing Starts   Broadcom  

Target Net Plunged 50%, Weak Guidance for Holiday-Quarter

Nov 16, 2022
Scott Peters
Target lowered expectations for the holiday sales and said customers are avoiding discretionary items and sticking to basics. The company lowered its outlook for comparable store sales and operating margin.

TGT

Stocks Remained Depressed, Treasury Yields Drop On Slower Rate Hike Hopes

Nov 16, 2022
Barry Adams
Retail sector stocks led the decliners on the growing worries of weak holiday sales. Treasury yields fell after comments from Fed Governor Wallace. European markets halted 4-day advance.

Lowe's Operating Income Rises On Sustained Demand, Sells Canada Operations

Nov 16, 2022
Scott Peters
The home improvement retailer lifted its annual outlook on stronger-than-expected operating results. The retailer took a large charge linked to the sale of its Canadian operations.

LOW

Advance Auto Net Drops 35%, Retailer Pushes More Store Brands

Nov 16, 2022
Scott Peters
Advance Auto said third quarter sales declined after the company sold more of store branded products. The company reiterated its annual sales outlook and its plans to open new stores.

AAP

Major Averages Down On Retail Weakness, Target Net Income Fell 50%

Nov 16, 2022
Barry Adams
Retail sector stocks led the decliners after Target quarterly earnings plunged 50% and guided weak holiday sales.

Cooler Inflation Sparked Stock Rally Cut by Missiles Landing In Poland

Nov 15, 2022
Barry Adams
Benchmark indexes advanced after the second measure of inflation showed a slight cooling. The lighter-than-expected wholesale inflation follows the declining pace of consumer price inflation released last week.

Stocks Soar On Wall Street After Wholesale Inflation Cools

Nov 15, 2022
Barry Adams
The Producer Price Index rose at the slowest pace in fifteen months. The yields on short term and medium term Treasury declined.



Amazon Layoff Drags Tech Stocks, Fed Comments In Focus

Nov 14, 2022
Barry Adams
Benchmark indexes sold-off in the final hour of trading and large tech stocks led the decliners. Bond yields rebounded after Fed officials reaffirm central bank's commitment in fighting inflation.

Stocks Lack Direction On Wall Street, Bond Yields In Focus On Rate Expectations

Nov 14, 2022
Barry Adams
After a week of surge, stocks lacked direction on Wall Street and debate on the future rate path raged on. Treasury yields edged up higher and the dollar inched lower.

Week: S&P 500 Advanced 6.1%, Nasdaq Soared 8.8%

Nov 11, 2022
Barry Adams
World markets extended weekly gains in Friday's trading and major indexes advanced for the second day in a row on the hopes of slower future interest rate hikes. The collapse of FTX reverberates around the world with billions of losses.

Oil Jumps After China Eases Mobility Restrictions, FTX Files Bankruptcy

Nov 11, 2022
Barry Adams
Major averages on Wall Street lacked direction and crude oil price jumped after China eased stringent coronavirus-linked mobility restrictions.

Moves: Beazer Homes, Doximity, Duolingo, LegalZoom, US Bancorp, Wynn Resorts

Nov 11, 2022
Scott Peters
Beazer Homes said gross margin rose on higher average home sale price. Doximity launched a stock repurchase plan. Duolingo offered a cautious outlook. LegalZoom quarterly loss shrank.

BZH DUOL USB WYNN DOCS LZ LVS

Nasdaq Soars 7% On One Sign of Moderating Inflation

Nov 10, 2022
Barry Adams
Major averages soared after inflation moderated in October and raised the prospects of slower interest rate hikes. The dollar eased and gold advanced. Treasury yields fell for short and long durations.

Movers: Bumble, Dutch Bros, Rivian Automotive, Six Flags, Tapestry, WeWork, ZipRecruiter

Nov 10, 2022
Scott Peters
ZipRecruiter expanded its stock repurchase program. Tapestry lowered its annual outlook. Rivian reported quarterly loss shrank and reiterated its annual production outlook.

BMBL RIVN TPR BROS SIX ZIP


S&P 500 Surges 4% After Rapid Inflation Cooled

Nov 10, 2022
Barry Adams
Consumer inflation eased in October on a monthly and annual basis but stayed elevated as rapid price increase spread to the cost of housing and services with no sign of abating.