Earnings

Stocks and bonds are 'discounted for disaster' after worst period for investors in 20 years

Stocks and bonds are ‘discounted for disaster’ after worst period for investors in 20 years

Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The …

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Stocks and bonds are 'discounted for disaster' after worst period for investors in 20 years

Stocks and bonds are ‘discounted for disaster’ after worst period for investors in 20 years

Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The …

Stocks and bonds are ‘discounted for disaster’ after worst period for investors in 20 years Read More »

Micron cuts capital spending to stem 'unprecedented' oversupply cycle

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Shares of Micron Technology Inc. fell slightly in Thursday’s extended session after the memory chipmaker said it was taking steps to exit a current “unprecedented” market down cycle by scaling back plans to Capacity Building. For the first fiscal quarter, Micron MU, based in Boise, Idaho, +2.32% said it expects an adjusted loss of 6 …

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Micron earnings suggest chip downturn could be worse than Wall Street expects

Micron earnings suggest chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned of a semiconductor slowdown in late June, but now say a “sharp and sudden” drop in demand has exceeded even those expectations, suggesting the current glut of chips could get worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter on Thursday, with revenue down 23% from a year ago, …

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Bed Bath & Beyond announces 28% drop in sales as it continues its turnaround plan

Bed Bath & Beyond announces 28% drop in sales as it continues its turnaround plan

Bed Bath & Beyond said Thursday that sales fell 28% in the second fiscal quarter as the home goods retailer struggled to attract customers. Shares rebounded in premarket trading as investors assessed the report. The company’s stock has been volatile, fueled in part by the meme stock frenzy as well as drastic changes to its …

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Elon Musk Twitter Deposition, Bed Bath & Beyond Earnings, Amazon Hardware Event Next Week

Elon Musk Twitter Deposition, Bed Bath & Beyond Earnings, Amazon Hardware Event Next Week

State Street Global Advisors chief investment strategist Michael Arone told “The Claman Countdown” that he expects greater market volatility as the Fed raises rates to fight inflation. Investors expect another flurry of earnings and key economic data. Wall Street will also be watching developments in the Musk-Twitter legal battle as the world’s richest man is …

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US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks closed sharply lower on Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose to the following the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow Jones fell 4% while …

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Ford's earnings warning shows the truck sector is strong.  Electric vehicles could improve it.

Ford’s earnings warning shows the truck sector is strong. Electric vehicles could improve it.

Text size A Ford F150 Raptor. Scott Olson/Getty Images Ford engine Shares fell after the company changed – but did not cut – its profit forecast due to parts shortages and cost inflation. Investors reacted in disgust by selling the shares. But they may have missed a silver lining in Ford’s update (ticker: F): Investors …

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There's only one "perfect asset" to combat all the bad news that might come, says this strategist

There’s only one “perfect asset” to combat all the bad news that might come, says this strategist

Ahead of that, stocks fall after Ford warns of high supply costs, on the heels of FedEx’s FDX caution on earnings last week. The dollar and cash have been among the most popular havens for investors as they face recession risks with higher rates and higher inflation alongside a brutal war in Europe. But our …

There’s only one “perfect asset” to combat all the bad news that might come, says this strategist Read More »

There's only one "perfect asset" to combat all the bad news that might come, says this strategist

There’s only one “perfect asset” to combat all the bad news that might come, says this strategist

Ahead of that, stocks fall after Ford warns of high supply costs, on the heels of FedEx’s FDX caution on earnings last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation alongside a brutal war in Europe. But our …

There’s only one “perfect asset” to combat all the bad news that might come, says this strategist Read More »