United Parcel Service (UPS) cut its 2023 revenue forecast for the second straight quarter on Thursday as delivery demand continued to soften ahead of the key holiday season, sending its shares down 5% in early trading.
We got out first look at Q3 Gross Domestic Product (GDP) this morning — an advanced look, subject to two revisions in the coming months — with a headline of +4.9%, 20 basis points (bps) ahead of consensus estimates. Consumer spend
U.S. Treasury yields were back near 5% on Thursday, reinforced by above-expectation U.S. GDP data, dragging shares around the world to multi-month lows in the middle of a busy corporate earnings week.
The S&P 500 and the Nasdaq fell in choppy trading on Thursday, as megacap stocks remained under pressure, while investors kept tabs on the raging quarterly earnings season and a mixed bag of data.
Wall Street's main indexes were poised to open lower on Thursday, as megacap stocks remained under pressure from elevated Treasury yields, while investors took stock of recent Big Tech earnings and a mixed batch of economic data.
Despite some signs of slowdown in the economy, the biggest stories in the market still revolve around big tech earnings and artificial intelligence. Big 7 stocks stretch across technology, communications, and consumer discretionary: Microsoft [MSFT], Apple [AAPL], and Nvidia [NVDA] in technology; Meta Platforms [META] and Alphabet [GOOG] in communications; and Amazon [AMZN] and Tesla [...]
Read more at ETFTrends.com.
The NASDAQ 100 Pre-Market Indicator is down -79.22 to 14,302.42. The total Pre-Market volume is currently 48,113,544 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.54 at $22.34, with 4,440,872 shares t
The retail sector is staging a solid rebound as inflationary pressures continue to ease, thanks to the higher demand for goods. Retail sales increased in September once again, which definitely is a good sign ahead of the all-impor
Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi
U.S. Treasury yields were heading back towards 5% on Thursday, dragging shares around the world to multi-month lows in the middle of a busy week for corporate earnings, with an ECB meeting and the release of U.S. GDP to come later in the day.
Nasdaq futures fell over 1% on Thursday as megacap shares remained under pressure with investors taking stock of recent Big Tech earnings and elevated Treasury yields, while keeping an eye out for economic data and the ongoing Middle East conflict.
Despite the Nasdaq Composite (NASDAQINDEX: ^IXIC) index jumping 23% so far in 2023, the technology sector is still finding its feet after a brutal sell-off last year.
When volatility and uncertainty pick up on Wall Street, investors of all walks tend to turn their attention to profitable, time-tested, industry-leading businesses. For much of the past 10 years, it's the FAANG stocks that have been investors' safety net.
For Immediate ReleaseChicago, IL – October 26, 2023 – Zacks Director of Research Sheraz Mian says, "Looking at Q3 as a whole, total S&P 500 earnings are currently expected to be down -0.3% from the same period last year on +1.
Amazon (NASDAQ: AMZN) is scheduled to report its fiscal Q3 2023 results on Thursday, October 26, 2023. We expect Amazon to beat the consensus estimates of earnings and revenues. The company surpassed the street expectations in the last quarter, with net revenues increasing
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
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