Analyst news

• : Ford’s stock drops 4% after carmaker pulls guidance, EV unit loses $1.3 billion

  26-10-2023 23:46
  Ford Motor Co.’s stock dropped 4% after hours Thursday after the carmaker reported lower-than-expected quarterly earnings and withdrew its guidance for the year, citing the pending agreement with the United Auto Workers.Ford F, -1.65%also reported an adjusted loss of $1.3 billion for its EV unit, saying that customers interested in EVs are “unwilling” to pay the vehicles’ premium prices. “Our business is never short of challenges, especially right now with the evolu
  
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• The Tell: Wall Street legend Byron Wien dies at 90. Here are his ’20 life lessons’

  26-10-2023 23:42
  Wall Street said goodbye to a legendary figure on Thursday when news broke that Byron Wien had died at the age of 90, according to news reports.For those who are unfamiliar, Wien gained a large following in global finance for his annual lists of “10 surprises” for the coming year. He started publishing the list, which tried to anticipate developments that could blindside investors, in 1986 while working at Morgan Stanley.He carried on the tradition after joining Blackstone 14 years a
  
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• : ‘These findings are unacceptable.’ USDA reports uptick in food insecurity for all demographics in 2022.

  26-10-2023 23:36
  The share of Americans who experienced severe hunger increased in 2022, according to a new government report. About 5.1% of U.S. households had at least one family member who ate less or irregularly during 2022 because of a lack of money or resources, up from 3.8% in the previous year, and 3.9% in 2020, according to a new report released Wednesday by the U.S. Department of Agriculture. That means at least a million more families experienced significant hunger in 2022 compared to the previous yea
  
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• : Skip that $4,500 Le Creuset set at Costco and follow these 5 rules for cookware shopping instead

  26-10-2023 23:27
  No, you don’t need to spend $4,500 on that 157-piece Le Creuset cookware set from Costco COST, -0.43%.The pricey package has become an everyone-is-talking-about-it sensation, owing largely to social media. A post about the set on X, the platform formerly known as Twitter, that has now been viewed some 21 million times seems to have been the initial source of the buzz. It noted that the Costco offering has “probably every kitchen item you will ever need.”In turn, that post gener
  
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• Earnings Results: Amazon’s stock reverses lower as holiday outlook underwhelms and cloud sales miss

  26-10-2023 23:21
  Amazon.com Inc. briefly soothed jittery investors with a massive beat on earnings Thursday, sending shares up more than 4%. But quarterly cloud sales came up slightly short and soft fourth-quarter revenue guidance all but wiped out the gains in after-hours trading. The stock has since stabilized and is rising again during a conference call with analysts. Amazon  AMZN, -1.50%said third-quarter revenue swelled 13% to $143.1 billion from $127.1 billion in the same quarter last year. Profit was
  
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• : Walmart keeps head above water in China as local supermarkets eat themselves alive

  26-10-2023 23:19
  Supermarket chains in China are having a rough go of it. There was a sign of relief last year when China dropped its draconian COVID movement restrictions, with observers expecting a surge in shoppers flocking to big-box stores after being confined to their homes for months on end. It didn’t happen.The reasons range from evolving consumer preferences to e-commerce to infighting among partnered firms. So far this year, retail sales for China’s supermarkets have fallen by 0.4% vs. comp
  
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• Deep Dive: Nine stocks in the Nasdaq-100 have dropped 15% or more during October

  26-10-2023 23:15
  The Nasdaq Composite Index is in the midst of a correction. A close look at its Nasdaq-100 subset shows 20 of those stocks fell 10% or more for one week through Wednesday’s close. The Nasdaq Composite Index COMPfell into a correction on Wednesday, being down more than 10% from its last peak set in July. On Thursday, the index declined another 1.8%. It is still up 20.3% for 2023, following a 33.1% decline during 2022. From the end of 2021, the Nasdaq is still down 18%. (All price changes in
  
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• Earnings Results: Chipotle shares climb on Q3 earnings beat, strong comparable sales

  26-10-2023 23:12
  Shares of Chipotle Mexican Grill Inc. rose 3.2% in extended trades Thursday after the company reported better-than-expected third-quarter earnings.  The restaurant chain reported net income of $313.2 million, or $11.32 a share, compared to $257.1 million, or $9.20 a share, in the prior year’s quarter. Excluding a 4-cent after-tax impact from expenses related to corporate restructuring, adjusted earnings were $11.36 a share, up from $9.51 a share in the same period
  
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• Metals Stocks: Gold is officially outperforming stocks in 2023 as October rally continues

  26-10-2023 23:08
  It’s official: gold is officially outperforming the S&P 500 stock index in 2023 due to an October rally that has brought the price of an ounce of the yellow metal to the cusp of the $2,000 mark, a level it hasn’t seen since May.Metals traders attributed gold’s gains to a surge in demand for hedges and safety plays following Hamas’s Oct. 7 attack on Israel, which provoked a war between Israel and the group that is deemed a terrorist organization by the U.S. and Europea
  
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• Distributed Ledger: Bitcoin had a nice rally, but don’t expect it to test all-time highs for at least a year

  26-10-2023 23:00
  Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Bitcoin BTCUSD, -0.12%had an impressive rally this week, rising from around $30,000 on Sunday to above $35,000 at one point, according to CoinDesk data, with a spike up in retail and institutional inflows. The cryptocurrency is trading Thursday at around $34,000. The rally was mostly based on optimism that an exchange traded fund investing in bitcoin will be soon approved in the U.S. The U.S. Securities and Ex
  
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• : ‘That’s exactly what we did back in the housing boom in 2006.’ One economist on what we’re getting wrong about the affordable housing crisis

  26-10-2023 20:25
  With the 30-year mortgage rate hovering at a 23-year high, mortgage lenders, banks and home buyers have become increasingly focused on trying to bring down the cost of home ownership.That’s fueled the growing popularity of affordability boosters like adjustable-rate mortgages, assumable mortgages, and down payments as small as 1%. But one economist thinks those solutions are solving the wrong problem.“[T]his is the result of the symptom of lack of affordability against high supply,&r
  
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• : Private equity: Everything you always wanted to know about this $12 trillion asset class but were afraid to ask

  26-10-2023 20:16
  Whether you’re a stock-market investor, an employee of a private business or a customer of one of the thousands of consumer-facing companies owned by private-equity funds, private equity is part of your life. It’s a world that remains out of the spotlight much of the time, but one that has grown too big to ignore.  Assets under management have tripled to $12 trillion in less than a decade, making the world of alternative investments a significant part of the overall economy. By
  
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• Economic Report: Inflation is still slowing, but slowly

  26-10-2023 19:58
  The rate of U.S. inflation is slowing, but it’s not going to slow as quickly as earlier in the year. The so-called core PCE price gauge, the Federal Reserve’s inflation tracker, is expected to show a 0.3% increase in September. The core rate, which omits food and energy, is seen as a better predictor of future inflation than the headline PCE index.The headline PCE index that includes food and energy is also forecast to rise 0.3%, according to Wall Street DJIAanalysts. The Fed would p
  
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• : Yellen says she doesn’t see signs of recession after GDP report

  26-10-2023 19:55
  Recession? Not in the U.S., says Treasury Secretary Janet Yellen.“You don’t really see any sign of recession here,” Yellen said at a Bloomberg event in Washington on Thursday, following a strong report on economic growth in the U.S. released earlier in the day. See live coverage of the GDP report.The Treasury chief was speaking after the government reported that gross domestic product surged at a 4.9% annual pace in the third quarter, fueled by a big burst in consumer spending.
  
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• Earnings Results: Mastercard’s stock sinks toward worst day in 2 years after earnings

  26-10-2023 19:46
  Mastercard Inc. shares were falling toward their worst day in two years Thursday as investors appeared uneasy with the company’s disclosure of a sequential growth slowdown for the month of October.Switched transactions growth came in at 15% for the third quarter, Mastercard MA, -4.94%reported Thursday. But the company signaled that trends had decelerated so far in October, with switched volumes up 12% in the first three weeks of the month. Growth slowed in both the U.S. and internationally
  
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• Market Snapshot: U.S. stocks tumble as Nasdaq slides further into correction territory on disappointing earnings

  26-10-2023 19:34
  U.S. stocks extended losses on Thursday afternoon with the Nasdaq Composite sliding further into correction territory following another batch of disappointing megacap company earnings. A blockbuster report on summertime economic growth and retreating Treasury yields also failed to bolster market sentiment. How stock indexes are trading The Dow Jones Industrial Average DJIAfell 267 points, or 0.8%, to 32,767. The S&P 500 SPXfell 56 points, or 1.4%, to 4,129.The Nasdaq Composite COMPdeclined b
  
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• Movers & Shakers: Meta shares fall on forecast of advertising slowdown as Mattel stock drops on warning

  26-10-2023 19:33
  Here are some of the day’s biggest movers: Stock gainers: Shares of Endeavor Group Holdings Inc. EDR, +24.07%surged more than 24% after private-equity giant Silver Lake said it was considering a plan to take the sports and entertainment company private, right after Endeavor said it was seeking strategic alternatives for itself as investors are not valuing it correctly. IBM stock IBM, +5.29%rose more than 4% as the technology giant’s results came in ahead of forecast. Shares of Servic
  
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• The Ratings Game: Invisalign maker’s stock craters after soft earnings, but analysts still say it’s a buy

  26-10-2023 19:13
  Align Technology Inc.’s stock cratered more than 22% on Thursday to lead S&P 500 decliners, after the maker of Invisalign orthodontic aligners posted weaker-than-expected third-quarter earnings. The stock ALGN, -24.47%has fallen for seven straight days and is on pace for its largest one-day percentage decrease since July 25, 2019, when it fell 27%, according to Dow Jones Market Data.“Our third-quarter results reflect lower than expected demand and a more difficult macro environme
  
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• Market Extra: More office zombies? Only 11% of maturing loans repay in September, Moody’s Analytics says

  26-10-2023 19:09
  New financing for old office loans that Wall Street packed into bond deals years ago has been getting more scarce, according to Moody’s Analytics. It’s another troubling sign for commercial property markets, with only 11.1% of office loans out of a near $755 million pile of maturing debt repaying in September, when looking at landlords with Wall Street funding from the commercial mortgage-backed securities market. Landlords typically rely on the sector to keep refinancing their debt,
  
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• : European Central Bank pauses as inflation drops ‘markedly’

  26-10-2023 14:22
  The European Central Bank on Thursday as expected kept interest rates steady, with the deposit rate staying at 4%.The last reading of eurozone manufacturing PMI was 43, on a scale where readings below 50 indicate deteriorating conditions, while consumer sentiment also is in negative territory. Inflation meanwhile has slowed to 4.3% year-over-year in September, from 5.2% in August. “Inflation is still expected to stay too high for too long, and domestic price pressures remain strong. A
  
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• Need to Know: These two commentators who have been warning of a market crash say it’s now here

  26-10-2023 14:17
  More gloom from the tech sector — this time from Meta Platforms — is combining with continued pressure on Treasury yields to spark talk of a Red Thursday, or stock selloff, to come. Tech is again set to lead the way lower after the Nasdaq Composite fell into correction territory on Wednesday.Hopes are now hanging on Amazon.com to belt out some good news after the close. Ahead of that GDP data came in right near 5%, thought that may not stave off a recession. Our call of the day comes
  
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• Earnings Results: UPS stock drops toward a 3-year low after another revenue miss and lowered outlook

  26-10-2023 14:17
  Shares of United Parcel Service Inc. dove toward a more than three-year low Thursday, after the package delivery giant extended its quarterly streak of revenue misses and cut its full-year outlook due to concerns over economic growth. “While unfavorable macroeconomic conditions negatively impacted global demand in the quarter, our U.S. labor contract was fully ratified in early September and volume that diverted during our labor negotiations is starting to return to our network,” sai
  
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• Futures Movers: Oil prices slide as traders await U.S. GDP report

  26-10-2023 14:08
  Crude oil futures turned lower on Thursday following their first gain in four sessions as traders awaited a fresh reading on the strength of U.S. economic growth. Price action December Brent crude futures , the international benchmark, was down $1.71, or 1.9%, to $87.42 a barrel on ICE Futures Europe. West Texas Intermediate crude oil for December delivery was down %1.65, or 1.9%, at $83.69 a barrel on the New York Mercantile Exchange. November gasoline fell 26 cents, or 1.1%, to $2.26 per gallo
  
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• Europe Markets: WPP issues second profit warning of 2023 as tech sector trims ad spending

  26-10-2023 13:39
  WPP, one of the world’s biggest advertising groups, delivered its second profit warning of the year after activity in China stuttered and companies in the technology sector reduced spending. Shares in London-listed WPP WPP, -1.01% WPP, -2.23%dropped more than 2% to a fresh three-year low after chief executive Mark Read said: “Our top-line performance in Q3 was below our expectations and continued to be impacted by the cautious spending trends we saw in Q2, particularly across technol
  
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• Earnings Results: Comcast easily clears profit hurdle, but stock dips after earnings

  26-10-2023 13:32
  Comcast Corp. notched a sizable profit beat in the third quarter as it continued to rack up new wireless customers but shed subscribers in its video business. The company disclosed Thursday that it logged a net loss of $4.05 billion, or 98 cents a share, whereas it lost $4.60 billion, or $1.05 a share, in the year-prior period. On an adjusted basis, Comcast CMCSA, -1.63%earned $1.08 a share, up from 96 cents a share a year before and ahead of the FactSet consensus, which was for 95 cents a share
  
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• Mark Hulbert: Here’s how the next government shutdown would likely affect the stock market

  26-10-2023 13:20
  Stock market investors need not worry about the impact of a possible U.S. government shutdown in mid-November. That’s the conclusion I reached after analyzing the stock market’s reaction to past government shutdowns.Since 1981 there have been 10 of these shutdowns, and while that number paints a sorry picture about our political system, it’s large enough to allow some tentative statistical conclusions to be reached. (Shutdowns are a relatively modern occurrence. It wasn’
  
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• Earnings Results: Merck third-quarter results beat estimates, boosted by cancer drug and vaccine growth

  26-10-2023 12:32
  Merck & Co. on Thursday reported third-quarter results that topped analysts’ expectations, powered by growth in oncology and vaccines.The drugmaker reported net income of $4.745 billion, or $1.86 per share, up from $3.248 billion, or $1.28 per share, in the year-earlier period. Adjusted earnings per share came to $2.13, ahead of the FactSet consensus of $1.95. Sales rose to $15.962 billion, up 7% from a year earlier and beating the FactSet consensus of $15.296 billion.Third-quarter pha
  
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• Loonie goes along a narrow road. Forecast as of 26.10.2023

  26-10-2023 12:06 via litefinance.org
  
  The Canadian dollar hit a 7-month low against the US dollar after the BoC scared investors by saying the likelihood of a soft landing had been reduced. Let us discuss the Forex outlook and make up a USDCAD trading plan for the week.Monthly Canadian dollar fundamental forecastThe narrow road to the soft landing became even narrower. This statement from the Bank of Canada frightened the CAD bulls much more than the door opened to the resumption of the monetary tightening cycle and the shift in the
  
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• : Siemens Energy shares dive on German guarantee talks, profit warning

  26-10-2023 12:02
  Siemens Energy shares slumped as much as 36% on Thursday after the company said it was seeking German government guarantees, as the company’s wind turbine business is still grappling with quality issues. Siemens Energy said the wind business Siemens Gamesa “is working through the quality issues and is addressing the offshore ramp up challenges as announced in the third quarter communication for fiscal year 2023. As Siemens Gamesa is for the time being not concluding new contracts for
  
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• Bond Report: Ten-year Treasury yields hold just below 5% ahead of U.S. GDP report

  26-10-2023 11:57
  Benchmark U.S. bond yields again flirted with the 5% mark as robust economic data and worries about increased supply of Treasurys weighed on the fixed income market.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yslipped by 2.1 basis points to 5.125%.The yield on the 10-year Treasury BX:TMUBMUSD10Yretreated 1 basis point to 4.951%. The yield on the 30-year Treasury BX:TMUBMUSD30Ywas barely changed at 5.086%. What’s driving markets The 10-year Treasury yield early Thur
  
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• Kelley Blue Book: The 2024 Nissan GT-R review: An old-school sports car that delivers high-performance thrills

  26-10-2023 11:02
  Pros Blisteringly fast Incredible handling Has a pedigree Cons Getting old What’s new? T-spec edition Styling revisions Nismo’s new front diffThe high-performance 2024 Nissan GT-R coupe still has the capacity to thrill, despite being somewhat old-school in today’s automotive world. Pricing starts at $120,990. For those who really know and care, the Nissan GT-R is an amazing and desirable machine. It has its roots in Japanese motorsport with the all-conquering Skyline
  
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• Next Avenue: Vibrating shoe insoles are just part of a new wave of health sensors that are shaking things up

  26-10-2023 11:01
  This article is reprinted by permission from NextAvenue.org. About two years ago, as a 68-year-old decades-long Type 2 diabetes patient, my doctor prescribed a wearable continuous glucose monitoring device, or CGM, fully covered by Medicare.My A1C (blood sugar level) at the time was pushing close to an unhealthy 9.0. I reduced my A1C to 7.1 in five months through intermittent fasting and continuous glucose monitoring. The CGM device gives me 24-hour real-time data on my glucose levels witho
  
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• NerdWallet: How the travel industry is tapping into the mocktail market

  26-10-2023 11:00
  This article is reprinted by permission from NerdWallet.  In Orlando, Florida, there’s no shortage of bars that’ll make you a mocktail. Many are almost certainly designed for the under-21 crowd, including “The Simpsons”-inspired Flaming Moe. The bubbling, citrusy, nonalcoholic concoction is served at Universal Studios Florida.But in the city known for being family-friendly, there’s an entirely different set of bars specifically not for kids, such as The Bandbox
  
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• Market Snapshot: Futures point to Nasdaq sliding further into correction territory as Meta shares retreat

  26-10-2023 10:53
  U.S. stock futures fell Thursday as shares in Meta pulled back following results and bond yields hovered near recent highs.How are stock-index futures trading S&P 500 futures ES00, -0.53%dipped 28 points, or 0.6%, to 4181 Dow Jones Industrial Average futures YM00, -0.24%fell 109 points, or 0.3%, to 33041 Nasdaq 100 futures NQ00, -0.89%dropped 139 points, or 1%, to 14339On Wednesday, the Dow Jones Industrial Average DJIAfell 105 points, or 0.32%, to 33036, the S&P 500 SPXdeclined 61 point
  
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• : ECB seen pausing as economy sputters

  26-10-2023 10:48
  The European Central Bank is expected to pause on Thursday as inflation cools while activity stagnates. The ECB is expected to keep its deposit rates at 4%. The decision will be delivered in Athens, Greece — it makes one rate decision per year outside of its Frankfurt headquarters — at 1:45 p.m. local time, or 7:45 a.m. Eastern.The latest data shows the European economy sputtering. The last reading of eurozone manufacturing PMI was 43, on a scale where readings below 50 indicate dete
  
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• : This bank that serves cannabis customers had most of its profit wiped out by a robbery.

  26-10-2023 09:23
  Providing banking services to the cannabis industry isn’t easy. Take Parke Bancorp PKBK, -1.68%,a Washington Township, N.J. bank that focuses on the Southern New Jersey and Philadelphia area. In January, it reported that an armored car company, which it uses to transport and store cash for cannabis-related customers, had some cash stolen from a vault.After contracting an outside accounting firm, Parke confirmed the $9.5 million theft, and so the bank booked the loss in the third quarter. A
  
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• USD is back. Forecast as of 26.10.2023

  26-10-2023 08:32 via litefinance.org
  
  If the conflict in the Middle East forced EURUSD to step into uncharted territory, then its de-escalation brought everything back to normal. Thanks to the favorable external background, the USD began to strengthen. Let's discuss this topic and make up a trading plan.Weekly US dollar fundamental forecastAs soon as the geopolitical factor receded, old patterns returned to the market. The yield on 10-year Treasuries is growing and is approaching 5%, the Nasdaq 100 index has begun a correction,
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.10.2023

  26-10-2023 08:25 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisBTCUSD is forming a double zigzag W-X-Y. The final actionary wave Y is unfolding as a standard zigzag [A]-[B]-[C]. The construction of the first impulse wave [A] will continue, or rather its last part, sub-wave (5). The price will rise to a high of 35261.15, after which expect
  
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• Short-term analysis for oil, gold, and EURUSD for 26.10.2023

  26-10-2023 08:06 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The EURUSD has corrected down to the key support zone.Oil price forecast for today: USCrude analysisThe oil price has corrected up to resistance (А) 85.50 - 85.17. The short-term oil trend continues. One could enter new shorts in resistance (A) with a
  
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• : Most Americans have tipping fatigue — but it pays to be a generous tipper

  26-10-2023 04:08
  I learned everything I needed to know about the current state of tipping when I joined some pals to play pinball at a New York bar the other night. We were in the midst of a friendly competition when a machine kept breaking down. We called over a very busy employee who’s responsible for helping keep the place running, including picking up all those errant bar glasses and plates of half-eaten food. He put everything aside to fix our problematic pinball machine twice.I suggested to everyone
  
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• Help My Career: ‘The political is personal’: Can you be fired for your political opinions — or for signing a petition about Israel and Palestine?

  26-10-2023 04:04
  Palm Beach Atlantic University has a clear mission.  The Florida-based Christian university, also known as PBAU, says it “equips students to grow in wisdom, lead with conviction and serve God boldly.” But English professor Sam Joeckel appears to have run afoul of those principles, at least as far as the school’s administrators are concerned. On March 15, after a complaint from a parent of a student, the university fired Joeckel. The professor said his dean told him he
  
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• : Biden asks Congress for $16 billion to reverse child-care funding ‘cliff’

  26-10-2023 01:31
  The Biden-Harris Administration asked Congress for an extra $16 billion to support the childcare sector after the pandemic childcare stabilization fund expired Sept 30.  The proposal was part of the emergency supplemental-funding request the administration made Wednesday, asking for around $55 billion for domestic crises. It also included funding requests for programs such as disaster response, affordable high-speed internet, energy assistance and the fight against fentanyl. Going forward,
  
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• Earnings Results: Facebook says Middle East war is hurting ad spending

  26-10-2023 01:20
  Shares of Meta Platforms Inc. were giving back their gains in Wednesday’s extended session after the Facebook parent company easily topped earnings expectations but spooked Wall Street with its talk of the future. Meta META, -4.17%Chief Financial Officer Susan Li shared on Meta’s earnings call that the company has seen softness in the advertising market following the start of the Middle East war, which has created “greater uncertainty” and “volatility” in the
  
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• : Morgan Stanley names Ted Pick its next CEO

  26-10-2023 00:44
  Morgan Stanley said late Wednesday that Co-President Edward “Ted” Pick will become its chief executive, effective Jan. 1.Outgoing Chief Executive James Gorman will become executive chairman, Morgan Stanley said.Pick will also join the firm’s board of directors.“The board has unanimously determined that Ted Pick is the right person to lead Morgan Stanley and build on the success the firm has achieved under James Gorman’s exceptional leadership,” the company sai
  
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• : Endeavor’s stock surges 25% after Silver Lake announces plans to take entertainment company private

  26-10-2023 00:33
  Shares of Endeavor Group Holdings Inc. surged 25% in the extended session Wednesday after private-equity giant Silver Lake said it was looking to take the sports and entertainment company private. Silver Lake, which owns about 71% of Endeavor’s EDR, -1.99%voting stake, said in a statement that it “firmly believes in Endeavor’s business and is not interested in selling its shares in Endeavor to a third-party nor in entertaining bids for assets that are a part of Endeavor.”
  
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