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shares of laboratory corp of america holdings lh slipped 006 to 23794 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 004 to 437686 and dow jones industrial average djia falling 022 to 3385266 laboratory corp of america holdings closed 2519 below its 52week high 26313 which the company reached on july 29th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as iqvia holdings inc iqv rose 212 to 21922 and centene corp cnc fell 066 to 6610 trading volume 493533 remained 132160 below its 50day average volume of 625693 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of aflac inc afl slipped 014 to 5711 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 071 to 444808 and dow jones industrial average djia falling 079 to 3534328 aflac inc closed 053 short of its 52week high 5764 which the company reached on august 16th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as principal financial group inc pfg fell 086 to 6608 assurant inc aiz rose 050 to 16748 and unum group unm fell 109 to 2636 trading volume 24 m remained 903653 below its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of nucor corp nue dropped 024 to 11024 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 117 to 459167 and the dow jones industrial average djia rising 187 to 3522703 the stocks fall snapped a twoday winning streak nucor corp closed 1857 below its 52week high 12881 which the company achieved on august 13th the stock underperformed when compared to some of its competitors monday as arcelormittal adr mt rose 210 to 2817 and steel dynamics inc stld rose 106 to 6000 trading volume 31 m remained 215817 below its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

mumbai march 24 reuters the indian rupee reversed course to fall on friday erasing its weekly gains as risk sentiment worsened on worries over the health of the financial sector in the united states and europe the rupee closed at 8248 per dollar as compared with thursdays close of 822625 the indian currency was eyeing gains for the week earlier in the day before selling across global markets kicked off it ended flat weekoverweek european stoxx and uk equities ftse opened lower with banking shares leading the fall and the euro weakened as deutsche banks credit default swaps jumped sharply the moves highlight just how frail sentiment remains after the turmoil in the us and european banking sectors in the past two weeks reviving memories of the 2008 global financial crisis the dollar index jumped on safehaven bids and the offshore chinese yuan fell further to 688 against the us currency to weigh on asian peers usdinr sustaining above 8245 would negate our downward bias said anindya banerjee head of research fx and interest rates at kotak securities it seems traders are not comfortable with their risk exposures into the weekend as the moves in global markets have shown we may not be out of the woods on these banking issues said a trader at a mumbaibased bank investors sought the safety of the bonds with us 10year yield falling 10 basis points bps to 330 and the twoyear down over 20 bps at 35844 this added to moves sparked by expectations of a dovish federal reserve this week the probability of a pause at the may meeting rose to 73 with money markets expecting about 100 bps worth of rate cuts this year markets now await the us manufacturing and services pmi flash estimate for march due later in the day

us stocks extended losses in the final hour of trading on thursday with disappointing earnings report from tesla inc weighing on technology stocks while a slump in oil prices dragged down shares in the energy sector on wednesday the dow fell 80 points or 02 while the sp 500 shed less than 01 and the nasdaq composite ended fractionally higher sentiment was hit by a sharp slide in shares of tesla inctsla after ceo elon musk suggested he was prepared to boost market share at the expense of profit margins as the company reported its results for the quarter ended in march tesla is operating in a highly competitive market and its stock remains highly overvalued said david trainer chief executive officer of new constructs an investment research firm in nashville the company is not immune to incumbents introducing evs in masse or consumers less willing to spend on new vehicles in a slowing economy worse yet competition isnt going away as legacy automakers have ample resources and cash flow to invest in the ev market for years to come tesla faces an increasingly uphill battle to secure its competitive position which makes its current valuation look even more unrealistic he wrote in emailed comments on thursday teslas troubles are just the latest example of how a lackluster start of earnings season has helped to dampen some of investors enthusiasm for us stocks the last few days householdname companies have disappointed be it tesla netflix and goldman sachs said art hogan chief market strategist at briley wealth during a phone interview with marketwatch so far results have put a spotlight on the waning ability of the us consumer to continue propping up the us economy the main takeaway from earnings season so far is that consumer demand is weakening said robert schein chief investment officer at blanke schein wealth management tesla and netflixs results are signposts for whats to come which is a cyclical decline in discretionary spending as consumers feel the squeeze tesla has been cutting prices for its cars and netflix added fewer than expected subscribers schein said opinion with tesla stock and margins under pressure elon musk falls back on his favorite fantasy several major automaker and electric vehicle stocks declined on thursday shares of ford motorf and general motorsgm were over 39 lower in the afternoon trading electric vehicle companies rivian automotiverivn and lucid group lcid fell 45 and 66 respectively european carmakers also stumbled hurting benchmarks like germanys dax 40 index the news reminded investors of potential dangers lurking within the unfolding firstquarter earnings season another batch of companies presented earnings on thursday including att inc t comerica inc cma fifth third bancorpfitb union pacific corp unp phillip morris international incpm and american airlines group inc aal the regional banks shares retreated as lost deposits weighed on corporate earnings intraday wobbles aside us equity benchmarks have moved little of late as traders wait to see if the sp 500 can burst out of its fivemonth trading channel between 3800 to 4200 concerns however have been growing about the potential for tighter central bank policy to crimp earnings hurt consumers and drag down economic growth on thursday investors received weekly joblessclaim data which showed applications for unemployment benefits rose by more than expected to 245000 meanwhile the philadelphia fed said thursday its gauge of regional business activity slumped to negative 313 in april from negative 232 in the prior month march existing home sales offered more dismal news about the us housing market as sales fell by nearly 1 last month the largest yearoveryear decline in a decade a gauge of leading economic indicators signaled a recession would likely arrive in the us by midyear the latest economic data seems to be breaking the federal reserves way with cooling of both inflation and the labor market new york fed president john williams said late on wednesday cleveland federal reserve president loretta mester said on thursday that another interestrate hike might be needed to quell inflation while noting that she has seen progress on easing inflation but it remains too high traders were pricing in an 86 probability that the fed will raise interest rates by another 25 basis points to a range of 5 to 525 on may 3 according to the cme fedwatch tool however they also see a possibility that the fed will be cutting interest rates by the end of 2023 this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of plug power inc plug rose 495 to 785 monday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 066 to 1236521 and the dow jones industrial average djia rising 014 to 3334860 plug power inc closed 2371 below its 52week high 3156 which the company reached on august 25th the stock outperformed some of its competitors monday as air products chemicals inc apd rose 046 to 27929 procter gamble co pg rose 003 to 15601 and ballard power systems inc bldp rose 367 to 452 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of howmet aerospace inc hwm rallied 114 to 4336 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 415487 and the dow jones industrial average djia falling 003 to 3397663 this was the stocks second consecutive day of gains howmet aerospace inc closed 101 short of its 52week high 4437 which the company reached on february 28th the stock outperformed some of its competitors tuesday as berkshire hathaway inc cl a brka fell 034 to 49620000 berkshire hathaway inc cl b brkb rose 026 to 32463 and transdigm group inc tdg rose 106 to 76243 trading volume 31 m remained 375990 below its 50day average volume of 35 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of valero energy corp vlo inched 049 higher to 11913 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 214 to 413799 and dow jones industrial average djia falling 191 to 3306361 valero energy corp closed 2768 short of its 52week high 14681 which the company reached on june 8th the stock outperformed some of its competitors monday as phillips 66 psx fell 024 to 8823 and marathon petroleum corp mpc fell 003 to 10042 trading volume 28 m remained 26 million below its 50day average volume of 53 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

first quarter figures are officially in and general motors gm is now ahead of ford motor f in the ev race as it earned the title of us’ second bestseller of allelectricvehicles during the first three months of the year gm said it sold 20670 evs while ford sold only 10866 over the same time frame although both are planning to overtake tesla in ev sales in the coming years they are still far behind with tesla also planning an expansion to produce 20 million evs by the end of the decade although tesla does not report sales by region motor intelligence estimates that it sold 161630 evs in the us during the first quarter from second place ford has dropped to fifth place and it is now behind us hyundai motor and volkswagen ag vwagy however ford is ramping up production as it expects to expand annual production of f150 lightning at a michigan plant to 150000 this year on monday gm confirmed it plans to build 50000 electric vehicles during the first half of the year and twice as many during the remainder of the year ford is aiming for a global annual production capacity of 2 million by 2026 while gm promised to hit that target in 2025 the game changer this year will be the eagerly anticipated allelectric pickup trucks also on monday rivian automotive inc rivn confirmed it’s still on track to produce 50000 evs this year as it is currently building the r1t pickup and r1s suv along with electric delivery vans for amazoncom inc amzn tesla promised to start the production of its futuristic cybertruck by the end of the year but it has rescheduled production many times already so that promise remains questionable unfortunately production of many eagerly anticipated models such as atlis xt pickup remain unknown although their specs promise to be nothing short of impressive atlis has an agreement with a solartonneau cover manufacturer worksport ltd wksp to use its breakthrough technology worksport also has a supply partnership with hercules electric mobility who is also due to release its luxurious electric pickup hercules alfa even hyundai has turned to worksport to gain access to its solarpowered tonneau covers worksport is a player who promises to disrupt the pickup landscape and electric future as a whole with its proprietary technology as it is not only building the solis solarpowered tonneau covers but also developing the cor portable energy storage system which provides the possibility to power remote locations all in all 2023 promises to be an exciting year on the ev front with many new developments and power shifts between contenders

nvidia nvda has demonstrated this week that both its chips and budding software offerings are integral to the future of artificial intelligence bolstering the club case in the semiconductor holding and prompting a slate of endorsements from wall street analysts at the companys annual technology conference for developers this week nvidia officially launched its dgx cloud a supercomputer accessible via web browser that can be used to train models behind generative ai applications like chatgpt it also unveiled a set of cloud services that make it easier for nvidias enterprise customers to build customized ai models along with several new hardware offerings that foray into software should provide nvidia with a recurring revenue stream thats less prone to the boomandbust cycles inherent to semiconductor hardware sales while making its technology accessible to more industries of 15 bank notes surveyed this week 13 firms have a buy rating or equivalent on nvidia citing its ai capabilities while some analysts have questioned nvidias high valuation they all appear to agree that nvidia is at the heart of artificial intelligence we think the valuation is justified but would of course welcome some consolidation in the stock and look to buy up more shares on a pullback but longer term nvidias ai applications portend significant upside for the stock in the years to come nvidia stock closed up roughly 1 wednesday at 26468 a share heres a rundown of the latest research from wall street on the chipmaker bernstein reiterated an outperform or buy rating and price target of 265 per share bernstein expects generative ai will drive upside in both the near and long term nvidia the analysts wrote is the purest way to play the generative ai opportunity as their hardware appears uniquely suited to handle the massive increase in compute intensity generative ai drives nvidias cuda proprietary software platform allows users to optimize the companys graphic processing units gpus the analysts explained we struggle to see how anyone else can compete with nvdas ecosystem even if they could manage to come closer on the hardware side they wrote wells fargo reiterated overweight or buy rating and raised its price target to 320 per share from 275 nvidias addressable market share is expanding as new products come to market and the company moves deeper into the software and services segment the analysts argued goldman sachs reiterated a buy rating and price target 275 per share the analysts said they are incrementally positive on the stock with new announcements this week set to solidify nvidias position as the key enabler of ai in the cloud and across a broad spectrum of sectors including health care automobiles and logistics bmo capital markets reiterated an outperform or buy rating and raised its price target to 305 per share from 255 the analysts called out the ongoing evolution of nvidias business model as it moves deeper into the software and services space while highlighting the subtheme of sustainability in nvidias offerings they noted that nvidia is not just a beneficiary of ai but a key enabler raymond james reiterated a strong buy rating – one level above buy and price target of 290 per share the analysts estimated that nvidias push into cloud services will provide a roughly 1 billionperyear incremental revenue opportunity over the next twotothree years morgan stanley reiterated an overweight or buy rating and price target of 304 per share nvidias conference demonstrated the breadth of opportunities both in terms of expanding presence in existing marketsbut more significantly expanding beyond chips and cards to systems software and cloud services the analysts wrote bank of america reiterated an outperform or buy rating and raised its price target to 310 per share from 275 calling it their top compute pick the analysts said the scopeambition of nvidias announcements this week reinforces nvidias dominance in the nascent generative ailarge language model market that could reshape the existing tech industry and usher in disruptive startups the companys vision and scale should ultimately accelerate the adoption of llms by enterprises in almost every endmarket they wrote stifel reiterated a hold rating and maintained a price target of 225 per share the analysts maintained their hold rating and belowmarket price target on the belief that the nearterm drivers are well understood by the market but they acknowledged that nvidia is amongst the best positioned companies to benefit from accelerated aifocused spending ubs the bank said its buy rating and 270pershare price target are under review pending further analysis the analysts believe that the further expansion of nvidias business model to include broad new sources of recurring softwareservices revenue is enough to support shares even after the strong yeartodate rally its hard to say the stock is underappreciated but the fact is that this is still a very small company in the context of the transformational ai opportunity they added jpmorgan reiterated an overweight or buy rating and price target of 250 per share nvidia is becoming a onestop solution provider for a customers ai and accelerated computing needs be they hardware or software the analysts wrote nvidia they argued remains 12 steps ahead of its competitors in accelerated computing siliconsystems software and ecosystems barclays reiterated an overweight or buy rating and price target of 275 per share in this new age of generative ai and large language models nvidia remains well ahead of the competition the analysts wrote credit suisse reiterated an outperform or buy rating and price target of 275 per share the analysts called nvidia their top pick due to the companys leadership in ai and are most excited about nvidias efforts to monetize software they added while it remains very difficult to quantify ai growth at this point we believe there is enough growth from product cyclescontent over the next 1224 monthsto keep the stock moving given its position in ai we continue to believe nvda is a tough stock to not own evercore isi reiterated an outperform or buy rating and price target of 300 per share overall a few surprise positive developments but in our view this event was largely as expected and primarily served to increase confidence in nvdas positioning as the arms dealer and enabler of ai adoption across every industry the analysts wrote of nvidias conference generative ai is marking an inflection point for ai and we continue to view nvda as best positioned to capitalize on this dynamic they added keybanc reiterated an overweight or buy rating and price target of 280 per share the analysts cited increased confidence in the companys leadership status saying nvidia is in the best position to monetize ai across all fronts including hardware software service and systems deutsche bank reiterated a hold rating while increasing its price target to 220 per share from 200 despite concerns over nvidias high valuation the analysts maintained the view that the chipmaker is the undisputed leader in providing ai silicon and perhaps software a position that seems unlikely to be meaningfully challenged any time soon note some of the ratings may appear to be at odds with the stated price targets this is not uncommon and in general simply means that one of the two is set to change as the analysts refine their models conduct further research and factor in industry updates thats a dynamic that can also be seen at the club thats why the commentary in an analyst note or in a club story is more relevant than any rating or price target jim cramers charitable trust is long nvda see here for a full list of the stocks as a subscriber to the cnbc investing club with jim cramer you will receive a trade alert before jim makes a trade jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trusts portfolio if jim has talked about a stock on cnbc tv he waits 72 hours after issuing the trade alert before executing the trade the above investing club information is subject to our terms and conditions and privacy policy together with our disclaimer no fiduciary obligation or duty exists or is created by virtue of your receipt of any information provided in connection with the investing club no specific outcome or profit is guaranteed

this financial services stock is trading higher by 50 here are 40 stocks moving in tuesdays midday session

shares of advance auto parts inc aap inched 085 higher to 20285 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 013 to 452268 and dow jones industrial average djia falling 011 to 3536073 the stocks rise snapped a threeday losing streak advance auto parts inc closed 1484 below its 52week high 21769 which the company reached on july 27th the stock outperformed some of its competitors tuesday as oreilly automotive inc orly fell 043 to 59408 autozone inc azo fell 042 to 154915 and genuine parts co gpc fell 117 to 12219 trading volume 652717 eclipsed its 50day average volume of 567685 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of gildan activewear inc gil shed 069 to c4927 monday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 091 to 2135251 this was the stocks third consecutive day of losses gildan activewear inc closed c586 below its 52week high c5513 which the company reached on january 4th trading volume of 395100 shares remained below its 50day average volume of 401639 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the commentary delivered by hosts of the show often moves the stocks mentioned the information is collected and refined using benzinga pro’s news tool benzinga pro users can access this information by using the news tool on any workstation hewlett packard enterprise co nyse hpe stephanie link mentioned she sold out of her position in hp at 1213 pm shares then moved 022 lower apple inc nasdaq aapl link said she’s overweight in apple at 1214 pm shares initially popped 029 before falling 031 meta platforms inc nasdaq fb link called facebook a contrarian play at 1214 pm shares popped 032 on the mention before falling 007 accenture plc nyse acn link said she bought more accenture at 1215 pm shares moved 029 higher before ticking 013 lower crowdstrike holdings inc nasdaq crwd was named as the analyst call of the day at 1241 pm after which shares moved 057 higher carlyle group inc nasdaq cg josh brown said he has a position in carlyle at 1251 pm shares then moved 015 lower tesla inc nasdaq tsla jon najarian mentioned unusual options activity in tesla at 1258 pm shares moved 002 higher snowflake inc nyse snow najarian highlighted unusual options activity in snowflake at 1258 pm shares spiked 035 before moving 007 lower target corporation nyse tgt was mentioned in final trades at 1258 pm shares then moved 020 lower dutch bros inc nyse bros was mentioned in final trades at 1258 pm shares proceeded to move 051 higher

oil futures were on track thursday to tally backtoback declines as china’s zerocovid policy continued to dull the outlook for energy demand meanwhile worries about global energy supplies tied to recently reported events including a drone strike on an oil tanker off the coast of oman and a missile strike in poland near the ukraine border eased west texas intermediate crude for december delivery cl1 clz22 fell 150 or 18 to trade at 8409 a barrel on the new york mercantile exchange prices on wednesday saw the lowest settlement for a frontmonth contract since oct 25 according to dow jones market data january brent crude brn00 brnf23 declined by 105 or 11 to 9181 a barrel on ice futures europe after settling wednesday at the lowest since nov 9 december gasoline rbz22 lost 07 to 2403 a gallon while december heating oil hoz22 traded at 35511 a gallon down 17 december natural gas ng00 rose 28 at 6373 per million british thermal units extending a nearly 28 gain from a day earlier “crude oil continues to drift downward with demand a bigger area of concern for investors than supply” colin cieszynski chief market strategist at sia wealth management told marketwatch the recent bounce in oil prices on hopes that china would reduce covid restrictions has faded “after rule changes turned out to be less than the street had hoped” he said china’s state council warned cities to avoid “irresponsible loosening” of covid19 measures according to the south china morning post separately on wednesday the wall street journal reported a sevenfold surge in covid inflections in the past two weeks in china even as the nation’s new policy of loosened measures aimed at reducing the impact of zerocovid restrictions meanwhile “the economy in europe and other parts of the world continues to struggle and north america while not as bad off as elsewhere remains bumpy” said cieszynski news earlier this week of a missile that landed in polish farmland killing two people raised tensions in the region poland said wednesday however that there was no indication that the missile was an intentional attack on the nato country according to a report from the associated press a reported drone strike off the coast of oman which hit an oil tanker associated with an israeli billionaire also contributed to geopolitical tensions oil prices had posted declines on wednesday after the eia said domestic crude inventories fell by 54 million barrels for the week ended nov 11 but stocks of gasoline and distillates climbed by 22 million and 11 million barrels respectively

torontolisted voyager digital ltd shares fell in early trading monday after the company said it would seek to recover what it is owed by three arrows capital after issuing the embattled hedge fund a notice of default at 956 am et shares were trading 13 lower at c067 and are down nearly 96 since the beginning of the year the cryptocurrency exchange platform said its operating subsidiary voyager digital llc issued the notice to 3ac and that it is now in discussions with its advisers to explore its legal options voyagers exposure to 3ac consists of 15250 btc and 350 million usdc a us dollarpegged stablecoin at bitcoins current market price of us2124760 per coin 3ac would owe voyager about 674 million

looking at the jobless claims falling again two hundred and eighty one thousand the survey was to eighty eight so jobless claims continue to improve and it looks like the economy is beginning to absorb some of the people who were on the sidelines gdp is out the only number that we have yet that i am seeing is the overall headline number of a 2 percent gain which is much weaker than the six point seven percent we had unrealized in the prior quarter and lower than the two point six percent forecast but we are looking now for the first release and were getting it in as tom says dribs and drabs as the internet is a little bit slower way of reporting this than we used to have personal consumption up one point six percent thats better than the nine tenths forecast but its way down from 12 percent in the third quarter second quarter of the year the gdp price index five point seven percent so tom this is interesting you and i have talked about this before the difference between nominal and real gdp inflation rising at more almost three times the rate of real michael barr as you look at the numbers here let me talk to you while you continue to digest the numbers im trying to find domestic final sales to see the spirit of the domestic american economy but but michael to me lord summers is looking at the screen and going this looks very steady very foolishly well thats going to be the issue a lot of people are going to be talking about does this support the stagflation idea and i think you have to say it supports deflation idea at least for right now we dont know how long inflation is going to remain elevated but we are seeing signs in the more recent indicators remember this is a backward look at the third quarter in more recent indicators that we are getting some growth back and were expecting especially consumer spending to rise again now ive got the numbers in front of me here for our spending and it shows that durable goods spending spending on stuff fell nine point two percent while services rose on the month by seven point nine percent so we are seeing that shift from a buying stuff to buying experiences the other number that everybody wants to know is nonresidential fixed investment and this is a big drop one point eight percent nine point two percent in the prior quarter so businesses not putting as much money into the economy and i mentioned that was shipments tom a lot of people cant get their stuff right thats a problem exports down two and a half percent you know we learned the truth while imports were up six point one percent so we can see why the trade deficit is the way it does you keep digesting folks lagarde speaking were going to get to that in a moment lisa abramowicz i just really want to point out my first look at the headline numbers because were going to see an american media in the next 24 hours talking stagflation yeah the idea here that this ad defies the idea of higher prices faster inflation and slower growth what do the central banks do with that just want to give you the response in markets as you would expect actually longer term yields in the us do come down a touch the dollar strengthens just a touch nothing to really write home about but what you do see overall is this feeling that the fed is going to have less of an incentive to hike as quickly you the two year yields also come down and that frankly we are moving back to a normal that we does actually resemble what we used to see the idea here now the 30 year yield one point nine four percent and the two tenths spread actually contracts even more time the idea here of slower growth ahead and these price increases are not actually completely benign when it comes to the growth outlook i do wonder mike after you pass through these numbers if you come away with a sense that the fed is correct that they play that markets are wrong in pricing in so many rate hikes yeah well i think the two problems there right now the markets may be wrong because we anticipate a rebound in the fourth quarter but its also because of the nature of this whole thing its also impossible to know exactly how the economy is going to behave going forward i mentioned before we went into this that i was going to be watching inventories inventories after three months of decline actually rose during the month ninety point eight dollars billion so that adds to gdp now we talk about how companies cant get their stuff but it does suggest that maybe things arent as bad as they appear going forward

shares of cooper cos coo slid 076 to 39185 thursday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 047 to 3522518 and the sp 500 index spx falling 068 to 453487 cooper cos closed 777 below its 52week high 39962 which the company reached on july 17th the stock underperformed when compared to some of its competitors thursday as johnson johnson jnj rose 607 to 16838 trading volume 198119 remained 122826 below its 50day average volume of 320945 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of sherwinwilliams co shw advanced 159 to 26949 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 184 to 417682 and the dow jones industrial average djia rising 133 to 3324828 the stocks rise snapped a twoday losing streak sherwinwilliams co closed 8466 short of its 52week high 35415 which the company reached on december 30th the stock underperformed when compared to some of its competitors thursday as home depot inc hd rose 292 to 30587 ppg industries inc ppg rose 273 to 12879 and masco corp mas rose 212 to 5685 trading volume 23 m eclipsed its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of berkshire hathaway inc cl b brkb inched 004 higher to 31262 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 010 to 410911 and the dow jones industrial average djia rising 030 to 3358652 this was the stocks third consecutive day of gains berkshire hathaway inc cl b closed 4171 below its 52week high 35433 which the company reached on april 11th the stock underperformed when compared to some of its competitors monday as honeywell international inc hon rose 064 to 19168 general electric co ge rose 081 to 9436 and illinois tool works inc itw rose 045 to 22873 trading volume 23 m remained 17 million below its 50day average volume of 40 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

home builder pultegroup has just been downgraded by broker rbc in a sign of how the weakening housing market is expected to hurt builders the atlantabased residential construction company was moved from sector perform to outperform by analysts led by mick dahl they cited the prospect of lowerthananticipated returns and “our expectation that multiples will remain depressed” as “we work through the early innings of the housing downturn”

shares of procter gamble co pg advanced 254 to 16341 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 247 to 428750 and the dow jones industrial average djia rising 185 to 3391639 the stocks rise snapped a twoday losing streak procter gamble co closed 194 short of its 52week high 16535 which the company reached on january 21st the stock demonstrated a mixed performance when compared to some of its competitors thursday as johnson johnson jnj rose 075 to 18346 loreal sa adr lrlcy rose 228 to 7345 and estee lauder cos cl a el rose 489 to 27233 trading volume 93 m eclipsed its 50day average volume of 76 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of kohls corp kss slipped 266 to 4835 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 194 to 470058 and dow jones industrial average djia falling 107 to 3640711 the stocks fall snapped a twoday winning streak kohls corp closed 1645 below its 52week high 6480 which the company reached on may 18th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as target corp tgt fell 227 to 22886 aeon co ltd adr aonny rose 176 to 2399 and nordstrom inc jwn fell 557 to 2287 trading volume 44 m eclipsed its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of bath body works inc bbwi slid 386 to 3637 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 041 to 409195 and dow jones industrial average djia falling 011 to 3364650 the stocks fall snapped a twoday winning streak bath body works inc closed 2180 short of its 52week high 5817 which the company achieved on april 21st the stock underperformed when compared to some of its competitors wednesday as amazoncom inc amzn fell 209 to 9783 target corp tgt fell 358 to 16351 and tjx cos tjx fell 209 to 7670 trading volume 29 m remained 277411 below its 50day average volume of 32 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of vornado realty trust vno slid 101 to 1856 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 039 to 452279 and the dow jones industrial average djia rising 022 to 3458535 this was the stocks second consecutive day of losses vornado realty trust closed 1234 below its 52week high 3090 which the company reached on august 12th the stock demonstrated a mixed performance when compared to some of its competitors monday as jbg smith properties jbgs fell 167 to 1588 broadstone net lease inc bnl fell 044 to 1595 and essential properties realty trust inc eprt rose 167 to 2492 trading volume 28 m remained 12 million below its 50day average volume of 39 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of dominos pizza inc dpz inched 005 higher to 51110 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 023 to 446873 and the dow jones industrial average djia rising 076 to 3486963 the stocks rise snapped a twoday losing streak dominos pizza inc closed 3762 short of its 52week high 54872 which the company reached on july 22nd the stock demonstrated a mixed performance when compared to some of its competitors monday as mcdonalds corp mcd rose 085 to 24121 chipotle mexican grill inc cmg fell 178 to 186719 and yum brands inc yum fell 065 to 12905 trading volume 440797 remained 23102 below its 50day average volume of 463899 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

making sense of the multiples approach to valuing stocks

cryptocurrency prices extended gains monday lifted over the weekend as investors assessed the fallout from the collapse of silicon valley bank and cryptofriendly signature bank alongside a commitment by federal regulators to backstop depositors at both institutions and across the banking system bitcoin btcusd was up 1834 at 24417 over the past 24 hours according to coindesk data ether ethe was trading at 1690 up 1487 in the past 24 hours according to coindesk us equities markets were trading higher though price action was choppy with the dow jones industrial average djia and sp 500 spx up 08 the nasdaq composite comp 100 was up 12 the closure of signature bank comes just a week after silvergate bank which was also significant to the crypto industry wound down operations

the move in the cboe volatility index or vix is small but marks a continued slide despite a move lower in the stock market today the volatility indicator typically moves in the opposite direction of the stock market—not in lockstep a remarkable calm has swept markets recently and many traders are positioning for that to continue the fall in the vix indicates that traders arent paying up much for options hedges that would pay out if stocks took a tumble still the stock market isnt as calm as it seems

shares of goldman sachs group inc gs slid 220 to 31300 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 079 to 441159 and dow jones industrial average djia falling 107 to 3392226 this was the stocks second consecutive day of losses

federal antitrust regulators are working to update their methodology for reviewing bankmerger deals to go well beyond factors such as the number of branches per market and where deposits come from a justice department official said tuesday jonathan kanter assistant attorney general for the antitrust division said the federal government still has the same interest in protecting competition as it did after a 1963 precedentsetting case involving philadelphia national bank the current bankmerger guidelines were issued by the department of justice and the banking agencies in 1995 but he said that the “time is ripe” for updating federal guidelines “bank competition affects people’s pocketbooks and their daily lives” kanter said in a speech at the brookings institution “the banking system of today bears … little resemblance to the banking business from 30 years ago” kanter said the classic measure of calculating whether one bank has too many branches in a given market to allow a merger without divesting some of those branches no longer reflects the effects of online banking as well as other changes to the business regulators will study smaller bank deals as well as proposed mergers from the largest players he said competition now comes not only from other banks but from financialtechnology companies “all we’re saying is we’re going to look at all competitive factors” kanter said “competition occurs in so many ways” one recent case where a bank merger failed to win favorable review from regulators was first horizon corp’s fhn deal to be bought by torontodominion td bank which was scuttled in may more than a year after it was announced much of modern case law on antitrust rules stems from a 1963 case in which the us government sued to block philadelphia national bank’s merger with girard trust corn exchange bank antitrust regulations based on that case have not been significantly updated since 1995 kanter noted also read first horizon ceo says the bank ‘never assumed regulatory approval was a given’ in scuttled td merger

shares of qorvo inc qrvo shed 152 to 10092 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 056 to 397099 and the dow jones industrial average djia rising 041 to 3223753 qorvo inc closed 3181 short of its 52week high 13273 which the company achieved on march 29th the stock underperformed when compared to some of its competitors friday as broadcom inc avgo fell 048 to 63617 qualcomm inc qcom rose 049 to 12476 and analog devices inc adi fell 093 to 18769 trading volume 12 m remained 150275 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of eaton corp plc etn slipped 472 to 14098 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 025 to 400105 and the dow jones industrial average djia falling 026 to 3216074 eaton corp plc closed 3474 below its 52week high 17572 which the company achieved on november 16th the stock underperformed when compared to some of its competitors tuesday as nidec corp adr njdcy rose 153 to 1589 emerson electric co emr fell 095 to 8361 and schneider electric se adr sbgsy rose 203 to 2615 trading volume 35 m eclipsed its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of intuitive surgical inc isrg advanced 261 to 23487 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 161 to 404564 and the dow jones industrial average djia rising 117 to 3339097 this was the stocks second consecutive day of gains intuitive surgical inc closed 7410 below its 52week high 30897 which the company reached on april 4th the stock demonstrated a mixed performance when compared to some of its competitors friday as medtronic plc mdt rose 140 to 8341 and stryker corp syk rose 360 to 27153 trading volume 15 m remained 230656 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of united parcel service inc cl b ups inched 044 higher to 21181 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 017 to 469070 and the dow jones industrial average djia rising 055 to 3581380 this was the stocks third consecutive day of gains united parcel service inc cl b closed 843 short of its 52week high 22024 which the company achieved on october 26th the stock outperformed some of its competitors tuesday as fedex corp fdx fell 063 to 24643 deutsche post ag adr dpsgy fell 265 to 6313 and expeditors international of washington inc expd fell 104 to 12870 trading volume 23 m remained 289364 below its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

oil futures settled higher on wednesday after the energy information administration reported a weekly decline of 400000 barrels in us crude inventories defying some expectations for a weekly climb the crude market is coming out of an overbought situation and may see prices consolidate before grinding higher said tariq zahir managing member at tyche capital advisors he also said he wouldnt be surprised to see the biden administration try and pressure the organization of the petroleum exporting countries to produce more oil or see renewed talk of a release of oil from the strategic petroleum reserve amid efforts to try and halt the recent upward movement in crude prices on its expiration day west texas intermediate crude for november delivery clx21 rose 91 cents or 11 to end at 8387 a barrel on the new york mercantile exchange the highest finish for a frontmonth contract since oct 13 2014 according to factset data december wti crude clz21 now the frontmonth contract added 98 cents or 12 to settle at 8342

nike and lululemon athletica are trading lower on monday following downgrades from kgi securities the latest firm to grow more cautious on the athletic retailers kgi securities cut its ratings on nike ticker nke and lululemon lulu to neutral from outperform following a particularly difficult week for retail stocks as a whole in the last five days lululemon has fallen 13 while nike is off 66 investors were spooked by results from big retailers like walmart wmt and target tgt which missed earnings expectations and noted that some consumers were pulling back in certain categories that sparked a selloff in the sector as well as the broader market—but not all retail earnings were as dire tjx tjx was able to deliver strong earnings despite light sales and foot locker fl struck an upbeat tone with its results as well lululemon and nike are both slated to report in june and analysts have particularly been concerned about the latter with earnings per share estimates for nike’s upcoming quarter down 25 in the past month according to data from factset although roughly twothirds of analysts rate lululemon a buy or the equivalent and nearly threequarters do so for nike nearterm expectations have been curtailed by the more cautious mood around retail stocks cowen co’s john kernan was another analyst taking a step back monday he lowered his price target on nike to 139 from 154 citing uncertainty about its china business—a particular worry for analysts lately—as well as foreign exchange headwinds nike is down 05 to 10742 at recent check while lululemon was 1 lower to 27140

madrid jan 10 reuters swiss stock exchange operator six is looking at latin america to expand after it bought the spanish stock market bme in 2020 spanish newspaper cinco dias reported on monday citing sixs ceo jos dijsselhof sixs top executive said six already has projects in colombia costa rica and mexico among other countries we also analyse potential alliances and growth operations dijsselhof told cinco dias six has completed in mid 2020 the acquisition of bme in an operation that valued the madrid market operator at 28 billion euros

american airlines and united airlines were among a number of the country’s largest carriers to lower forecasts early on thursday due to a rise in covid19 cases southwest airlines ticker luv and jetblue jblu issued similar warnings all within an hour of each other citing the spread of the delta variant of coronavirus all four stocks were between 01 and 07 lower in premarket us trading united airlines ual said it now expects to post a loss in the third quarter after seeing a slowdown in customer bookings in the last few weeks due to a spike in cases as a result it said thirdquarter revenue would be roughly 33 down on the precovid third quarter of 2019 it now expects to post an adjusted pretax loss in the third quarter and if current trends persist in the fourth quarter of 2021 as well in july following its secondquarter results united said it expected adjusted pretax income to be positive in the third quarter for the first time since the final quarter of 2019 as travel demand began to rebound however covid and the delta variant in particular has derailed those forecasts american airlines aal also warned the delta variant and the virus’ spread would hit revenue now expected to be 24 to 28 lower in the third quarter than the same quarter in 2019 from an earlier forecast of a 20 fall the company also cited a slowdown in bookings in august which it said has continued into september however it still said the third quarter was on track to be its best since the pandemic began noting that july’s results were better than estimated read american is the year’s best airline stock wall street is getting more bullish southwest airlines issued a similar warning early on thursday highlighting softness in bookings and increased cancellations the airline said operating revenue in the third quarter would now be 18 to 20 down on the same period in 2019 compared with a previous forecast for a 15 to 20 drop september revenues are expected to be 25 to 30 lower than the same month in 2019 down from earlier guidance of a 15 to 20 fall but the company did note that the impacts so far were less severe than those during previous waves of covid jetblue also lowered its guidance citing the same reasons as its peers it now expects earnings before interest taxes depreciation and amortization to be between 75 million and 125 million in the third quarter compared with earlier guidance of 75 million to 175 million revenue is expected to decline 6 to 9 in the third quarter partially offset by a strong july down from earlier guidance of a 4 to 9 fall read airline profits are inching back what it means for the stocks shares of lowcost british carrier easyjet esyjy tumbled 11 in morning london trading as the company rejected a takeover bid—reported to be from rival wizz air wizz—and announced plans to raise £12 billion 17 billion from shareholders through a rights issue the company said the rights issue which would accelerate its covid recovery plan priced the shares at a 358 discount to the closing price on wednesday

shares of aflac inc afl advanced 252 to 7066 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 010 to 382162 and the dow jones industrial average djia rising 028 to 3284974 the stocks rise snapped a fiveday losing streak aflac inc closed 204 below its 52week high 7270 which the company achieved on november 25th the stock outperformed some of its competitors tuesday as cigna corp ci fell 037 to 32954 trading volume 34 m eclipsed its 50day average volume of 28 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of northern trust corp ntrs advanced 147 to 7816 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 083 to 416948 and the dow jones industrial average djia rising 080 to 3409816 this was the stocks second consecutive day of gains

shares of carmax inc kmx rose 398 to 13699 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 178 to 464923 and the dow jones industrial average djia rising 160 to 3549270 carmax inc closed 1899 below its 52week high 15598 which the company achieved on november 8th the stock outperformed some of its competitors tuesday as copart inc cprt rose 111 to 14353 autonation inc an rose 030 to 11089 and penske automotive group inc pag rose 271 to 10047 trading volume 16 m eclipsed its 50day average volume of 913954 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of everest re group ltd re slid 301 to 34614 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 015 to 385576 and dow jones industrial average djia falling 028 to 3181914 this was the stocks fourth consecutive day of losses everest re group ltd closed 4886 short of its 52week high 39500 which the company achieved on february 9th the stock underperformed when compared to some of its competitors monday as marsh mclennan

shares of masco corp mas shed 057 to 6809 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 026 to 468867 and dow jones industrial average djia falling 058 to 3593105 the stocks fall snapped a fourday winning streak masco corp closed 080 below its 52week high 6889 which the company reached on november 16th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as fortune brands home security inc fbhs fell 048 to 10830 armstrong world industries inc awi remained unchanged and american woodmark corp amwd fell 536 to 7114 trading volume 16 m remained 364054 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of perrigo co plc prgo inched 013 higher to 3164 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 249 to 389575 and dow jones industrial average djia falling 225 to 3320222 perrigo co plc closed 1226 below its 52week high 4390 which the company achieved on august 9th the stock outperformed some of its competitors thursday as johnson johnson jnj fell 126 to 17749 procter gamble co pg fell 113 to 15111

shares of eog resources inc eog slid 052 to 12457 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 337 to 405766 and dow jones industrial average djia falling 303 to 3228340 the stocks fall snapped a fourday winning streak eog resources inc closed 2342 below its 52week high 14799 which the company reached on june 8th the stock demonstrated a mixed performance when compared to some of its competitors friday as conocophillips cop rose 004 to 11212 pioneer natural resources co pxd fell 097 to 25738 and occidental petroleum corp oxy fell 125 to 7355 trading volume 25 m remained 18 million below its 50day average volume of 43 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

hyatt hotels corp h said tuesday it swung to a secondquarter profit of 206 million or 185 a share from a loss of 9 million or 8 cents a share in the yearago quarter secondquarter adjusted net income was 46 cents a share compared to an adjusted yearago loss of 115 a share revenue climbed to 148 billion from 663 million hyatt beat the wall street targets of 6 cents a share in earnings and 137 billion in revenue according to data from factset hyatt said it opened 5500 rooms during the quarter ceo mark s hoplamazian said hyatts total fee revenue exceeded 200 million and was the highest in company history driven by a record level of leisure transient revenue and rapidly improving group and business transient demand shares of hyatt are down 112 in 2022 compared with a drop of 131 by the sp 500 spx

shares of dollar general corp dg advanced 147 to 25208 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 028 to 411863 and dow jones industrial average djia falling 014 to 3279840 this was the stocks fourth consecutive day of gains dollar general corp closed 1013 below its 52week high 26221 which the company achieved on april 21st the stock outperformed some of its competitors monday as walmart inc wmt rose 037 to 13254 costco wholesale corp cost rose 102 to 54681 and target corp tgt rose 133 to 16555 trading volume 12 m remained 844865 below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

wells fargo co’s wfc chief control executive nate herman is stepping down after some three years in the role according to a memo seen by the wall street journal the move comes as the bank tries to strengthen its internal control protocols in the wake of the fake accounts scandal that surfaced in 2016 the journal said that herman was leaving to “spend more time with his family” steve kiker chief operating officer for wells fargo’s corporate and investment bank will replace him according to the journal shares were up 03 on wednesday

shares of delta air lines inc dal slipped 213 to 3393 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 075 to 387198 and dow jones industrial average djia falling 039 to 3273295 the stocks fall snapped a twoday winning streak delta air lines inc closed 1234 short of its 52week high 4627 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as southwest airlines co luv rose 033 to 3635 china eastern airlines corp ltd adr cea fell 443 to 1650 and united airlines holdings inc ual fell 146 to 4308 trading volume 103 m remained 724148 below its 50day average volume of 110 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of nestle india ltd 500790 inched up 088 to 1936850 indian rupees monday on what proved to be an allaround favorable trading session for the stock market with the sp bse sensex index 1 rising 053 to 6094167 nestle india ltd closed 168450 rupees below its 52week high 2105300 rupees which the company reached on october 24 the stock outperformed some of its competitors monday as heritage foods india ltd heritgfood fell 744 to 17295 rupees and vadilal industries ltd vadilalind fell 276 to 281555 rupees trading volume 597 remained 1401 below its 50day average volume of 1998 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cms energy corp cms inched 037 higher to 6492 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 000 to 3509113 and the sp 500 index spx falling 037 to 448387 this was the stocks fourth consecutive day of gains cms energy corp closed 087 short of its 52week high 6579 which the company reached on april 20th the stock outperformed some of its competitors monday as xcel energy inc xel fell 004 to 6875 exelon corp exc rose 028 to 4364 and wec energy group inc wec rose 008 to 9472 trading volume 20 m eclipsed its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

frontier airlines parent frontier group holdings inc ulcc issued a statement tuesday to set the record straight about jetblue airways corps jblu comments regarding antitrust concerns that would be raised if it acquired spirit airlines inc save the statement comes after jetblue increased its bid to buy spirit late monday as the air carrier tried to break up the merger deal between frontier and spirit which was also sweetened late friday frontier noted that jetblue has said recently that spirit was hiding behind false and misleading antitrust concerns to deny jetblues buyout attempt jetblue is not telling you the truth frontier stated a spirit acquisition by jetblue would lead to a dead enda fact that no amount of money bluster or misdirection will change frontier noted that jetblue admitted it would remove capacity if it bought spirit by removing seats which would lead to price increases these factsadmitted higher prices and lower outputguarantee that jetblue could never secure clearance for its proposed acquisition of spirit frontier said spirits stock rallied 38 and frontier shares gained 20 in premarket trading tuesday while jetblues stock slipped 01

a gamestop location on 6th avenue on march 23 2021 in new york check out the companies making the biggest moves in premarket trading gamestop shares plummeted nearly 21 in premarket trading the company announced wednesday the ousting of chief executive matthew furlong and said ryan cohen would take over as executive chairman wynn resorts las vegas sands the casino operators both shed about 2 following a downgrade by jeffries to hold from buy the wall street firm said macaos recovery is already priced into the stocks signet jewelers shares tumbled nearly 11 after the jeweler provided secondquarter revenue and operatingincome guidance that fell short of expectations signet also lowered its fullyear earnings and revenue guidance to below expectations citing increasing macroeconomic pressures on consumers and a softerthanexpected mothers day lucid shares advanced about 2 after lucids head of china operations zhu jiang said the electric vehicle maker is preparing to enter the chinese market reuters citing a person familiar with the matter additionally reported the company is considering setting up production in china tmobile shares of the wireless provider added about 1 in premarket trading after wolfe research upgraded tmobile to outperform from peer perform the investment firm said tmobiles stock could rise more than 20 after underperforming yeartodate adobe the stock gained about 2 following the companys announcement it will offer its artificial intelligence tool firefly to large business customers firefly is available through the standalone firefly app adobe express and creative cloud hashicorp the stock sank more than 22 a day after the company reported a firstquarter earnings miss and revenue beat hashicorp also announced targeted spending cuts and an 8 workforce reduction citing the current customer and economic environment

shares of salesforce inc crm slumped 63 in premarket trading in the wake of the customerrelationshipmanagement software company’s fiscal firstquarter report which was enough to push futures ym00 for the dow jones industrial average djia into the red the implied price decline for the stock would shave about 92 points off the dow’s price meanwhile dow futures fell 22 points or 01 ahead of the open while futures es00 for the sp 500 spx rose 01 and futures nq00 for the nasdaq 100 ndx edged up less than 01 salesforce’s stock which had closed wednesday at a 16month high was by far the biggest of the

sales of new us homes soared in august to the highest rate since early this year as prices fell according to government data released tuesday but analysts cautioned the gain is unlikely to last defying widespread expectations of another slowdown sales of new singlefamily houses jumped 288 percent compared to july to an annual rate of 685000 seasonally adjusted the commerce department reported

costco wholesale corp cost said late thursday its may sales rose 169 to 1823 billion samestore sales rose 155 the company said with online sales up 63 costco stock rose 03 in the extended session thursday after ending the regular trading day up 67

march 8 reuters stock markets in the middle east fell on tuesday with dubais main index losing as much as 1 reflecting riskoff sentiment seen globally as russiaukraine peace talks made scant progress oil prices seesawed with brent crude futures trading 10 below a 14year high struck in the last session on relief that european allies were not planning to join a possible us ban on russian oil imports keeping a lid on oil price gains officials said late on monday that the united states was willing to move ahead with a ban alone and germany the biggest buyer of russian crude rejected plans for an energy embargo meanwhile russias offensive in ukraine continued but at a much slower pace and a second senior russian commander had been killed ukrainian military and intelligence said as frightened residents fled bombedout cities read more dubais main stock index dfmgi lost as much as 1 before recouping some of the losses to trade down 05 down financials weighed emirates nbd bank enbddu was the top drag down 17 followed by emaar properties emardu which shed 08 abu dhabis index ftfadgi was flat with aldar properties aldarad down 01 after the company proposed annual cash dividend sp global ratings said on monday the uaes inclusion in fatfs gray list was unlikely to significantly disrupt the economy in the short term but could raise financial transaction costs saudi arabias benchmark share index tasi was down 04 falling for the first time in four sessions oil giant saudi aramco 2222se fell marginally after hitting a record high of 46 riyals in the previous session shares of acwa power 2082se rose more than 1 after the company signed a power purchase agreement for a solar plant in al qassim province the qatari index qsi was down 06 qatar international islamic bank fell nearly 4 while industries qatar iqcdqa was down 1 reporting by tanvi mehta in bengaluru editing by subhranshu sahu

wipro ltd 507685 shares inched up 073 to 40250 indian rupees tuesday on what proved to be an allaround positive trading session for the stock market with the sp bse sensex index 1 rising 020 to 6296913 wipro ltd closed 8550 rupees below its 52week high 48800 rupees which the company reached on june 3 the stock outperformed some of its competitors tuesday as mphasis ltd mphasis rose 036 to 197490 rupees and tata consultancy services ltd tcs fell 012 to 331620 rupees trading volume 122406 remained 137773 below its 50day average volume of 260179 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of auto trader group plc auto inched down 023 to £605 wednesday on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 103 to 744210 auto trader group plc closed 7560 pence below its 52week high £681 which the company reached on august 19

shares of xylem inc xyl slipped 007 to 9067 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 447501 and the dow jones industrial average djia falling 016 to 3493427 the stocks fall snapped a twoday winning streak xylem inc closed 4811 short of its 52week high 13878 which the company reached on september 2nd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as thermo fisher scientific inc tmo fell 114 to 55035 idex corp iex fell 067 to 18998 and graco inc ggg rose 089 to 7229 trading volume 778725 remained 513567 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cabot oil gas corp cog shed 201 to 1898 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 008 to 435419 and dow jones industrial average djia falling 015 to 3391984 this was the stocks second consecutive day of losses cabot oil gas corp closed 135 below its 52week high 2033 which the company achieved on october 22nd the stock underperformed when compared to some of its competitors tuesday as eog resources inc eog rose 095 to 7221 trading volume 67 m remained 10 million below its 50day average volume of 77 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of church dwight co chd inched 002 higher to 8238 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 058 to 447000 and dow jones industrial average djia falling 054 to 3521312 the stocks rise snapped a fourday losing streak church dwight co closed 1658 below its 52week high 9896 which the company reached on september 2nd the stock outperformed some of its competitors thursday as johnson johnson jnj fell 053 to 17330 procter gamble co pg fell 018 to 14242 and reckitt benckiser group plc rbgpf fell 115 to 7588 trading volume 918607 remained 328397 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

according to benzinga pro following are the gainers and losers in insurance industry for todays intraday session kingstone companies stock increased by 788 to 094 during wednesdays regular session trading volume for this security as of 1240 est is 320k which is 506 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 95 million fg finl gr stock moved upwards by 721 to 249 as of 1240 est fg finl grs stock is trading at a volume of 76k which is 514 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 224 million huize holding stock rose 595 to 089 as of 1240 est this security is trading at a volume of 367k shares making up 1286 of its average fullday volume over the last 100 days the companys market cap stands at 461 million root shares rose 479 to 711 as of 1240 est roots stock is trading at a volume of 722k which is 281 of its average fullday volume over the last 100 days the companys market cap stands at 987 million trupanion shares increased by 462 to 529 as of 1240 est this security is trading at a volume of 2854k shares making up 438 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 21 billion tian ruixiang holdings shares moved upwards by 401 to 233 trading volume for tian ruixiang holdingss stock is 104k as of 1240 est this is 829 of its average fullday volume over the last 100 days the companys market cap stands at 64 million donegal gr stock fell 295 to 1481 during wednesdays regular session the current volume of 127 shares is 77 of donegal grs average fullday volume over the last 100 days last updated at 1240 est the market value of their outstanding shares is at 4808 million universal insurance hldgs shares decreased by 275 to 1064 the current volume of 280k shares is 163 of universal insurance hldgss average fullday volume over the last 100 days last updated at 1240 est the market value of their outstanding shares is at 3270 million marpai shares declined by 271 to 108 trading volume for this security as of 1240 est is 29k which is 34 of its average fullday volume over the last 100 days the companys market cap stands at 227 million kinsale capital gr shares decreased by 228 to 30314 kinsale capital grs stock is trading at a volume of 329k shares as of 1240 est this is 205 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 70 billion global indemnity group shares decreased by 177 to 240 trading volume for this security as of 1240 est is 13k which is 257 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 3481 million white mountains insurance stock declined by 14 to 138678 as of 1240 est white mountains insurances stock is trading at a volume of 21k which is 144 of its average fullday volume over the last 100 days the market value of their outstanding shares is at 35 billion this article was generated by benzingas automated content engine and reviewed by an editor

shares of multimetaverse holdings ltd surged 89 to 1205 in their second day of trading on the nasdaq on friday following the new york animation and entertainment companys merger with a blankcheck company model performance acquisition corp a special purpose acquisition company and multimetaverse announced in august 2021 that they would combine in september 2022 the companies extended their deadline to merge and submitted a second amendment to the agreement multimetaverses portfolio of content offerings consists of animated media short videos comic books mobile games collectibles and stationery including the aotu world animation series the stock had fallen 20 on thursday

hong kong stocks opened with another healthy gain thursday morning following a rally in uslisted chinese tech firms that had been hammered earlier in the week the hang seng index jumped 263 percent or 40360 points to 1572127 but the shanghai composite index rose 018 percent or 553 points to 300504 while the shenzhen composite index on chinas second exchange added 015 percent or 290 points to 196082

shares of live nation entertainment inc lyv inched 062 higher to 7246 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 076 to 398135 and the dow jones industrial average djia rising 105 to 3300357 live nation entertainment inc closed 5025 below its 52week high 12271 which the company reached on march 3rd trading volume 17 m remained 392508 below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

wall street is set for a cautious recovery tuesday in line with global stocks that inched higher after monday brought the largest losses in months futures for the dow jones industrial average pointed up 300 points after the index plunged 614 points monday to close at 33970—the steepest loss since july futures for the sp 500 and nasdaq indicated a similarly strong open after those indexes marked their largest oneday declines since may

shares of energy transfer lp et advanced 132 to 1231 monday on what proved to be an allaround mixed trading session for the stock market with the nasdaq composite index comp rising 063 to 1063565 and the dow jones industrial average djia falling 034 to 3351765 this was the stocks fourth consecutive day of gains energy transfer lp closed 064 short of its 52week high 1295 which the company achieved on november 1st the stock outperformed some of its competitors monday as dcp midstream lp dcp rose 007 to 4198 enterprise products partners lp epd rose 128 to 2532 and williams cos wmb rose 021 to 3263 trading volume 123 m remained 31 million below its 50day average volume of 154 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of booking holdings inc bkng advanced 365 to 187461 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 163 to 385911 and the dow jones industrial average djia rising 107 to 3183674 booking holdings inc closed 84105 below its 52week high 271566 which the company achieved on february 16th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as tripcom group ltd adr tcom rose 747 to 2188 expedia group inc expe rose 297 to 9871 and tripadvisor inc trip rose 008 to 2401 trading volume 312409 remained 65978 below its 50day average volume of 378387 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of kosmos energy ltd kos slumped 069 to 573 wednesday on what proved to be an allaround rough trading session for the stock market with the nasdaq composite index comp falling 009 to 1041710 and dow jones industrial average djia falling 010 to 2921085 this was the stocks fourth consecutive day of losses kosmos energy ltd closed 276 below its 52week high 849 which the company reached on june 3rd trading volume 55 m remained 16 million below its 50day average volume of 71 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of chubb ltd cb rallied 151 to 20496 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 000 to 3294524 and the sp 500 index spx falling 074 to 417311 this was the stocks second consecutive day of gains chubb ltd closed 682 short of its 52week high 21178 which the company achieved on february 10th the stock outperformed some of its competitors monday as arch capital group ltd acgl rose 131 to 4633 and renaissancere holdings ltd rnr rose 014 to 14085 trading volume 13 m remained 757594 below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of wabtec wab slid 110 to 8219 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 016 to 383139 and the dow jones industrial average djia falling 042 to 3096782 wabtec closed 1786 below its 52week high 10005 which the company achieved on march 29th despite its losses the stock outperformed some of its competitors tuesday as trinity industries inc trn fell 516 to 2315 and greenbrier cos inc gbx fell 300 to 3458 trading volume 15 m eclipsed its 50day average volume of 946087 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of chinese electric car makers jumped in hong kong on wednesday extending soaring overnight gains on wall street driven in part by expectations of recovering sales in the worlds largest automobile market the hong konglisted shares of li auto inc soared 87 as of the midday trading break xpeng inc jumped 76 and

shares in parsley box group plc on wednesday fell after the company warned about its ability to continue managing customerservice levels due to the effects of the omicron variant despite also saying that it expects to post growth in its fullyear results shares at 0828 gmt were down 500 pence or 12 at 3800 pence the edinburghbased company which provides ready meals for those aged 60 years and over said that it remains cautious about balancing marketing activity and stock availability in the near term noting that it has worked with its key suppliers and received good support in rebuilding stock levels over recent weeks the company also said that it is on track to deliver fullyear revenue marginally above the 25 million pounds 332 million forecast which would represent modest yearonyear growth the lower stock levels impacted average order values for much of the second half however these have been recovering well in recent weeks as stock availability improves the londonlisted company said parsley box also said that it has appointed simon russell as its managing director

shares of first republic bank frc slipped 518 to 16428 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 155 to 430626 and dow jones industrial average djia falling 176 to 3329495 the stocks fall snapped a threeday winning streak first republic bank closed 5858 short of its 52week high 22286 which the company reached on november 17th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as bank of america corp bac fell 391 to 4247 svb financial group sivb fell 794 to 55788 and east west bancorp inc ewbc fell 640 to 8196 trading volume 15 m eclipsed its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of carmax inc kmx rose 127 to 8583 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 042 to 449938 and dow jones industrial average djia falling 045 to 3531449 this was the stocks third consecutive day of gains carmax inc closed 2041 short of its 52week high 10624 which the company achieved on august 16th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as carvana co cl a cvna fell 179 to 4401 acv auctions inc acva rose 290 to 1665 and openlane inc kar fell 136 to 1520 trading volume 885072 remained 901579 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

canadian petroleum company imperial oil ltd said monday that it intends to purchase up to 5 of its outstanding common shares over the course of a oneyear period imperial oil said the toronto stock exchange has accepted its normal course issuer bid or ncib to repurchase up to a maximum of 318 million shares it added this maximum will be reduced by the number of shares purchased from exxon mobil corp its majority shareholder in order to maintain its proportionate share ownership at approximately 696 at fridays closing price of 6042 canadian dollars or us4687 the shares would be worth c192 billion the company said the oneyear buyback program will begin on june 29 and said it has established an automatic share purchase plan with a broker both under the ncib as well as from exxon mobil imperial oil said the buyback is consistent with its balance sheet strength low capital requirements and strong cash generation and with its priority to return cash to shareholders

nvidia shares were falling in premarket trading monday after the stock was downgraded by a baird analyst who cited concerns over slowing consumer demand exacerbated by the russian embargo nvidia ticker nvda stock was down 4 to 22189 in premarket trading on monday the stock has lost 21 this year

the numbers us manufacturers such as general motors and whirlpool have plenty of orders all right the problem is producing enough autos appliances and other bigticket items to satisfy customer demand orders for us durable goods products meant to last at least three years fell 05 in october the government said wednesday economists polled by the wall street journal had forecast a 03 increase yet the decline stemmed entirely from fewer orders for passenger planes an upanddown category that often distorts the level of underlying demand in the economy bookings rose 05 if autos and planes transportation are excluded over the past year orders for durable goods have risen by more than double digits in percentage terms and easily exceed prepandemic levels business investment has also increased sharply and rose in october for the eighth straight month the biggest problem for manufacturers is finding enough workers and supplies to make as much as they could sell persistent shortages of labor and materials have slowed production and contributed to the biggest surge in us inflation in 31 years read consumer prices soar again and push us rate of inflation to 31year high big picture manufacturers fared better than serviceoriented companies during the pandemic and recovered a lot faster they have no direct contact with customers and were largely able to avoid major disruptions they are still expanding rapidly but the scarcity of labor and ongoing supply bottlenecks are likely to remain big obstacles well into next year that will keep inflation relatively high and retard what has been a surprisingly strong us economic recovery market reaction the dow jones industrial average djia and sp 500 spx were set to open lower in wednesday trades stocks have fallen off recent record highs

shares of jpmorgan chase co jpm advanced 118 to 11541 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 146 to 378999 and the dow jones industrial average djia rising 100 to 3066853 the stocks rise snapped a fiveday losing streak jpmorgan chase co closed 5755 below its 52week high 17296 which the company reached on october 25th the stock underperformed when compared to some of its competitors wednesday as bank of america corp bac rose 188 to 3205 citigroup inc c rose 352 to 4758 and wells fargo co wfc rose 198 to 3817 trading volume 140 m remained 270254 below its 50day average volume of 142 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of paychex inc payx advanced 207 to 12897 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 156 to 415517 and the dow jones industrial average djia rising 129 to 3281250 the stocks rise snapped a twoday losing streak paychex inc closed 1295 below its 52week high 14192 which the company reached on april 6th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as intuit inc intu rose 420 to 46575 automatic data processing inc adp rose 154 to 24432 and equifax inc efx rose 325 to 21301 trading volume 12 m remained 592901 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of state street corp stt slipped 459 to 7352 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 154 to 396394 and dow jones industrial average djia falling 145 to 3384946 the stocks fall snapped a twoday winning streak state street corp closed 3135 below its 52week high 10487 which the company achieved on january 13th the stock underperformed when compared to some of its competitors monday as bank of america corp bac fell 223 to 3686 morgan stanley ms fell 112 to 8989 and goldman sachs group inc gs fell 167 to 38236 trading volume 23 m remained 168026 below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

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shares of moodys corp mco shed 226 to 32314 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 212 to 438026 and dow jones industrial average djia falling 178 to 3431203 the stocks fall snapped a twoday winning streak moodys corp closed 8480 below its 52week high 40794 which the company achieved on november 1st the stock demonstrated a mixed performance when compared to some of its competitors thursday as sp global inc spgi fell 131 to 38149 msci inc msci fell 204 to 53148 and morningstar inc morn fell 241 to 27375 trading volume 13 m eclipsed its 50day average volume of 799268 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

on iraq the details around the stake are a little bit vague right now but what do you think or what kind of changes are you expecting from elliot i think the first focus and weve already seen that sales force you know go down this drought is to be a far more profitable company than it is you are looking for margin expansion not spending as much on sales and marketing as it has done over the past year you could say a decade so that could be one area of focus know the second area could be buybacks this company has been spending a lot on acquisitions over the last few years we could see some discipline there no large deal perhaps only some dax and then complemented with that you know all the things theyve done they generate a lot of free cash flow six to seven billion dollars and you know we expect buybacks to be a big story there now in terms of the environment were in right now the ability of this company to make changes as the macro headwinds are raging and drag i mean what what are going to be some of the things that a salesforce has to navigate while they are on the one hand perhaps addressing investor concerns but also trying to to deal with the realities on the top line right now i think its a very good point that you brought up but you know frankly speaking software is a very different place today than it has been in the last 15 20 years this is a subscription based model you know unless you see massive layoffs globally you know they will generate a good amount of revenue they will generate a good amount of free cash flow the one area which will be weak will be top line acceleration you can see growth decelerate but frankly its not going to get into negative territory because of the subscription nature of the software they sell so its all about free cash the point of view its ok but you know we do need to see changes on the top in terms of executives because we saw a bunch of them leave so is that an execution risk perhaps but far more stable business model than it has been in the past on iran lets talk very quickly in our last 30 seconds here about the stock itself were looking at about a 156 a share price up about 3 percent on the day how high could the share of i mean thats a very tough thing to say depends on interest rates frankly and the growth rates but you know if you see right now its trading i think 30 35 percent below its peak pandemic average so theres a big gap between its long term hispanic valuation was and today but they really need to show both our savings as well as accelerated revenue growth in order to get there

the sp 500 booked its first record close in about three weeks as investors appeared to judge a report that showed consumer prices in november rose by the most in nearly four decades as not as bad as had been feared next up is a key meeting of the federal reserve dec 1415 the sp 500 index spx finished up 1 and marked a record close at 4712 its first such finish since nov 18 with gains coming in choppy trade that saw indexes briefly turn lower the broadmarket benchmarks record close marks the 67th of 2021 and brings the market back from a omicroninspired swoon that began at the end of november as the variant emerged the dow jones industrial average djia closed up 216 points or 06 at 35970 and the nasdaq composite index comp ended up 07 at about 15630 for the week the nasdaq composite rose 36 the sp 500 gained 38 and the dow booked a 4 gain over the fiveday period shares of oracle corp orcl soared about 16 after the database giant reported forecastbeating fiscal secondquarter results meanwhille data released ahead of the stock market open showed november consumerprice inflation rose 68 annually slightly higher than expectations for a rise of 67 by a poll of economists by the wall street journal it marks the fastest annual inflation rate since 1982

shares of fastenal co fast advanced 293 to 4739 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 259 to 367843 and the dow jones industrial average djia rising 266 to 2949089 the stocks rise snapped a twoday losing streak fastenal co closed 1736 below its 52week high 6475 which the company achieved on december 30th the stock underperformed when compared to some of its competitors monday as ww grainger inc gww rose 360 to 50682 trading volume 34 m eclipsed its 50day average volume of 31 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

berkshire hathaway could suffer losses of 3 billion from hurricane ian and other weather events in the third quarter but investors are apt to be more focused on the company’s investment activity berkshire hathaway ticker brka brkb reports its thirdquarter earnings on saturday this reflects ceo warren buffett’s distinctive view that saturdays are an ideal time for earnings reports because shareholders have time to digest the news before trading resumes on monday

global economy is expected to slow sharply in 2023 0657 gmt global gdp is expected to grow 17 in 2023 as aggressive monetary policy tightening and reduced consumer purchasing power weigh on activity economists at wells fargo say the probability of a recession is increasing in many major economies particularly in the us and contagion effects will result in economic contractions across the g10 economies and emerging markets they say as hawkish as most central banks have been this year we now believe some central banks could look to unwind tighter monetary policy in the second half of 2023 wells fargo says a recession in the us and the uk should result in the federal reserve and the bank of england lowering interest rates the economists say xavierfontdegloriawsjcom capita plc said wednesday that revenue for the first half of the year was in line with expectations and that it remains on track to deliver revenue growth in 2022 the uk government said late tuesday that it is minded to accept parkerhannifin corps undertakings to address its concerns over the us companys planned 63 billion pound 768 billion takeover of meggitt plc mulberry group plc reported wednesday a significant rise in pretax profit for fiscal year 2022 and said that its performance for the first quarter of fiscal 2023 is ahead of the same period a year earlier dp aircraft i to raise up to 750000 via tap issue dp aircraft i ltd said wednesday that it plans to raise up to 750000 via a tap issue and that it will use the proceeds as additional working capital shoe zone set to post rise in pretax profit for fy22 shoe zone plc said wednesday that it expects to end its fiscal 2022 year with a rise in pretax profit as its performance for the third quarter has seen strong margin improvements and cost savings pphe to launch share buyback of up to gbp17 mln dividend dependent on performance pphe hotel group ltd said wednesday that it was launching a share buyback program of up to 17 million pounds 21 million and that the declaration of a dividend remained subject to a continuation of its performance in the year to date mcbride plc said wednesday that its banking group has agreed to waive the june covenant tests until sept 30 and that it is performing in line with market expectations lookers plc said wednesday that it expects to report a fall in underlying pretax profit for the first half of 2022 but that it is ahead of expectations and warned of both new and used vehicle supply restrictions for the remainder of the year mulberry group plc on wednesday reported a significant rise in pretax profit for fiscal year 2022 and said that its performance for the first quarter of fiscal 2023 is ahead of the same period a year earlier the uk government said late tuesday that it is minded to accept parker hannifin corps undertakings to address its concerns over the us companys planned 63 billion pound 768 billion takeover of meggitt plc union jack oil plc said wednesday that it is pursuing a reduction of capital exercise through the court procedure following approval by shareholders at the general meeting held on tuesday moonpig group plc said wednesday that pretax profit for fiscal 2022 rose in its first fullyear performance after floating and that it remains confident in its fiscal 2023 guidance trakm8 holdings plc said wednesday that pretax loss narrowed in fiscal 2022 but that it has started the new financial year with continuing supply challenges and inflationary pressures safestay plc said wednesday that revenue for the first quarter of 2022 was slightly ahead of managements expectations and that its 2021 underlying profit before disposals will reflect the effect of pandemicrelated closure periods shares in windar photonics plc fell 58 in early trade wednesday after the company said that it expects to report a 50 fall in 2021 revenue due to project delays in china and that these accounts will be delayed past the regulatory deadline oxford cannabinoid says 11month performance was as expected oxford cannabinoid technologies holdings plc said wednesday that it expects to report results in line with expectations for the eleven months ended april 30 bm likely to benefit from very encouraging recent performance 0723 gmt bms firstquarter update is as positive as one could have hoped for liberum says in a note the convenience retailers uk business likeforlike revenue was down just 16 on year for an eightweek period comprising may and june which is very encouraging liberum says it should reassure that the sequentially improving likeforlike trend for the rest of the year that is baked into managements guidance is achievable liberum says with the shares down 40 on a yeartodate basisand now back down at precovid19 levels this is a great time to be looking liberum adds liberum has a target price of 685 pence a share and a buy recommendation on the stock shares are up 07 at 38250 pence sabelaojeawsjcom sabelaojeaguix bm likely to struggle growing over next two years 0710 gmt bm european value retails group sales were broadly in line with rbc capital markets expectations for the first quarter but it will likely have a hard time growing earnings meaningfully over the next two years the canadian bank says in a note the londonlisted convenience retailers should benefit from consumers focusing on lower prices in a tougher macro environment but they will also be the most pressured rbc says furthermore while france and heron foodss sales came in better than rbc forecast the companys main uk business was softer than expected rbc says bms performance in the uk was likely weaker during june rbc notes sabelaojeawsjcom sabelaojeaguix

gullible investors are being lured back into the stock market with visions of another “roaring ’20s” they may want to look more closely at that decade a century ago though in us stock market did soar in the latter half of the 1920s the first half of the decade experienced “a deflationary depression” in which “unemployment reached the double digits farm incomes collapsed and industrial production plunged” one prominent economist at the time pronounced that the world was “nearer collapse than at any time since the downfall of the roman empire” james grant editor of the grant’s interest rate observer newsletter calls what happened in the early 1920s the “forgotten depression” since so few investors today are aware of it the quotations in the above paragraph are from him grant covers this misunderstood period of us history in his book “the forgotten depression 1921 the crash that cured itself” this history is important to show that pentup consumer demand from a period of economic lockdown is not sufficient to prevent a depression similar to conditions over the past 12 months the decade of the 1920s began with the us emerging from a pandemic that had included widespread economic lockdowns furthermore that decade began a little more than year following the end of world war i and the loosening of the restrictions that had put the us economy on a wartime footing as grant puts it “the longthwarted american consumer celebrated… by making the cash registers ring…plants were operating at full tilt raw materials were unobtainable except at markups to quoted prices and delivery dates were being pushed way out into the future” the parallels to today are many read economist predicts a ‘whopper’ of recession in 2023 and that’s not necessarily due to higher interest rates nevertheless despite this promising start by late summer 1921 according to grant dozens of “companies were valued at less than their working capital” many were selling at “onethird of their intrinsic values” the dow jones industrial average djia in august 1921 traded 47 lower than where it had been in late 1919 what happened there was no one factor of course and not all economists agree on which factors were most important those interested in reading more about this history should read “the forgotten depression” but what’s relevant to this discussion is that the stereotypical picture of the roaring ’20s that today’s investors have in mind is not an accurate picture of the first half of the 1920s in fact as you can see from the chart above the dow didn’t make it back to its november 1919 level until december 1924 in a very real sense therefore the “roaring twenties” refers to just the last half of that decade perhaps we should call it the “roaring late ‘20s” the huge impact of how history is written why are so few of us aware of the economic depression and associated bear market of the early 1920s a big reason is that most analyses of us stock market history extend back only to december 1925 that’s the earliest month in the historical database maintained by the university of chicago’s center for research on security prices crsp the crsp database is the gold standard for us stock market data and is the basis of the famous ibbotson database now part of investment research firm morningstar there’s no methodological statistical or theoretical reason for why that database should begin in 1925 it could have gone back much further in recent years for example edward mcquarrie professor emeritus at the leavey school of business at california’s santa clara university completed a database of the us stock and bond markets back to 1793 as i’ve written before the picture painted by mcquarrie’s database differs in several crucial respects from the one painted by the ibbotson database why was late 1925 chosen as the start date in an email mcquarrie wrote that “my understanding is that the university of chicago team that collected the original data for crsp in the early 1960s ran out of time andor money as they got back that far” there is no indication that this decision to stop in late 1925 was anything other than innocent yet it’s had pernicious consequences including that we misleadingly paint the 1920s stock market up through the 1929 crash with a single bullish brushstroke so be careful what you wish for if the next decade is the replay of the 1920s that many are fantasizing about the stock market’s decline is just getting started mark hulbert is a regular contributor to marketwatch his hulbert ratings tracks investment newsletters that pay a flat fee to be audited he can be reached at markhulbertratingscom more learn how to shake up your financial routine at the best new ideas in money festival on sept 21 and sept 22 in new york join carrie schwab president of the charles schwab foundation

shares of hanesbrands inc hbi slipped 022 to 462 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 011 to 429886 and the dow jones industrial average djia rising 013 to 3387678 hanesbrands inc closed 715 short of its 52week high 1177 which the company achieved on august 8th the stock demonstrated a mixed performance when compared to some of its competitors friday as berkshire hathaway inc cl a brka fell 033 to 51084000 berkshire hathaway inc cl b brkb fell 020 to 33529 and vf corp vfc fell 104 to 1911 trading volume 43 m remained 39 million below its 50day average volume of 83 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

bond yields slipped on tuesday as traders awaited a key reading on inflation the labor department is set to release the consumer price index for august at 830 am eastern with economists polled by the wall street journal expecting a 01 decline for the headline but a 03 rise for the core economists expect the yearoveryear cpi level to dip to 8 from 85 “with st louis fed president james bullard mentioning on friday that a miss in cpi shouldn’t change the decision for september i wonder if the balance of risks is skewed to an upside rather than a downside in short yields on this release” said strategists at natwest led by jan nevruzi “if cpi underwhelms bar a huge drop eg 0 core market has already priced in the 75bp and i think the fed would be happy to take advantage of the pricing” there’s also an 18 billion 30year bond reopening at 1 pm

equinor asa is scheduled to report results for the third quarter on wednesday heres what you need to know net income a companycompiled consensus sees adjusted earnings rising to 836 billion in the third quarter from 780 million in the same quarter the previous year while a factset analyst poll sees net profit rising to 247 billion from 270 million revenue revenue is expected to nearly double to 2228 billion from 1125 billion a year earlier according to a factset average oil and gas analysts at ubs expect earnings to be driven by oil and natural gas prices quite obviously the main feature of equinors results will be the benefit it takes from its unique leverage to the european natural gas market the bank said production norwegian petroleum directorate data shows overall norwegian production rose 5 in 3q yearonyear in liquids and 6 in natural gas ubs said while this will have an overwhelming impact on the results some additional opex in norwegian continental shelf on pipeline decommissioning costs plus some significant gains derivative gains in marketing midstream processing which are expected to take results well above the normally guided range of 250 million500 millionquarter a companycompiled consensus sees total equity production during the quarter rising to 2022 million barrels of oil equivalent a day from 1994 million barrels in the same quarter of 2020 guidance equinor sees organic capital expenditure at an annual average of 9 billion10 billion for 202122 while production for 2021 is estimated to be around 2 above 2020 levels organic capital expenditure for 202324 is seen at an annual average of around 12 billion cash ubs said cashflow in the quarter should benefit from the lag effect of tax payments with a likely catch up adjustment in 4q

shares of ebay inc ebay shed 262 to 4385 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 079 to 441159 and dow jones industrial average djia falling 107 to 3392226 this was the stocks second consecutive day of losses ebay inc closed 838 below its

shares of amerisourcebergen corp abc inched 023 higher to 16809 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 158 to 407163 and dow jones industrial average djia falling 102 to 3353083 this was the stocks fourth consecutive day of gains

new zealands central bank left its key interest rate unchanged wednesday and said it expected inflation to ease further in coming months the decision to keep the official cash rate at 55 percent comes after government figures in june showed the economy had tipped into recession the reserve bank of new zealand said interest rates were constraining spending and inflation pressure as anticipated and required the freeze will come as a relief to the countrys mortgage holders who have seen their monthly repayments rise rapidly over the past year rates would need to remain at a restrictive level for the foreseeable future to return inflation to the 13 percent target the bank added central banks around the world have been forced to ramp up interest rates for more than a year as they try to control inflation which surged as economies reopened from covid lockdowns and in the wake of russias invasion of ukraine the move gave stocks a tiny boost with the benchmark nzx50 index edging up in the minutes after the announcement while even the local dollar staged a very small recovery against the us dollar policymakers raise rates to make borrowing more expensive reducing the buying power and demand of consumers and businesses which usually pushes prices down recent government figures showed inflation sitting at 67 percent onyear in januarymarch with secondquarter figures due out next week having hit a peak of 73 percent last year

johannesburg june 14 reuters south africas rand was little changed in early trade on wednesday ahead of april retail sales data that could provide clues on the health of the local economy at 0619 gmt the rand traded at 186400 against the dollar 001 weaker than its previous close at 1100 gmt statistics south africa will release retail sales data zareteci for april analysts polled by reuters predict a 14 yearonyear decline investors are also awaiting the outcome of the us federal reserves june meeting later in the day slowing us inflation solidified bets that the federal reserve would skip a hike later in the day but uncertainty remained about further rate increases beyond this week the usdzar has paused for now and will only resume fresh directional momentum after the fomc decision this evening etm analytics said in a note south africas benchmark 2030 government bond was unchanged in early deals with the yield at 10765

stock futures rose at the end of a volatile week that saw the dow jones industrial average endure its longest losing streak since january sp 500 futures were up 08 and dow jones industrial average futures gained 06 changes in equity futures don’t necessarily predict moves after the markets open european stocks advanced friday for a threesession run of gains the stoxx europe 600 climbed 06 in morning trade financials and healthcare sectors led gains while the communication services sector lost ground the uk’s ftse 100 which is dominated by large international businesses rose 08 other stock indexes in europe also mostly climbed as france’s cac 40 added 07 the uk’s ftse 250 gained 09 and germany’s dax climbed 06 the swiss franc the euro and the british pound strengthened 02 02 and 01 respectively against the dollar in commodities brent crude rose 1 to 10849 a barrel gold slipped 01 to 182310 a troy ounce the german 10year bund yield was up to 0897 and 10year uk government debt known as gilts yields rose to 1718 10year us treasury yields were up to 2889 from 2815 yields move in the opposite direction from prices stocks in asia mostly climbed as hong kong’s hang seng gained 22 japan’s nikkei 225 index climbed 26 and china’s benchmark shanghai composite rose 1 traders worked on the floor of the new york stock exchange on thursday —an artificialintelligence tool was used in creating this article

a man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the japanese yen exchange rate against the us dollar and nikkei share average in tokyo japan july 14 2022 reutersissei kato hong kong july 19 reuters asian shares slipped on tuesday following overnight declines on wall street and the dollar hovered below last weeks peak but traders main focus was approaching central bank meetings and the early stages of the us earnings season mscis broadest index of asiapacific shares outside japan miapj0000pus fell 046 walking back some of the previous days 18 gain and heading back towards last weeks twoyear low asian tech stocks like alibaba 9988hk samsung 005930ks and nintendo 7974t helped lead the declines after us equity markets had closed lower overnight impacted by reports apple plans to slow hiring and spending growth next year read more still in a sign markets were struggling to find a firm direction us sp and nasdaq futures each rose about 03 in early asia trading and japans nikkei n225 gained 08 after having been on holiday for mondays rally its a bit like paint by numbers at the moment youve got a picture to fill in but we dont have all the colours yet said kerry craig global market strategist at jpmorgan asset management there are a couple of things missing such as the direction of the labour market and unemployment rate in the us and whether central banks will step back and say thats the peak in inflation and we dont need to be as hawkish or were going to be really aggressive markets are expecting a large 75 basis point interest rate hike at the us federal reserves meeting next week moving away from a flirtation with the chance of an enormous 100 basis point rise though market pricing still indicates a 30 chance according to the cmes fedwatch tool the retreat from expectations of 100 basis points late last week helped shares to gain in the us on friday and asia and europe on monday the european central bank and bank of japan both meet on thursday with the ecb widely expected to begin raising rates from their pandemic era lows with a 25 basis point hike while little change is expected from the ultra dovish boj read more in the background weve got earnings season in the us and were expecting that to be another source of pressure on markets as we think the full year guidance for around 910 of the us is too high said craig goldman sachs group inc warned overnight it may slow hiring and cut expenses as the economic outlook worsens after reporting a 48 slump in quarterly profit but as this beat analysts expectations its shares rose 25 read more in currency markets the dollar continued its slow retreat from last weeks two decade peak the euro was 10143 having recovered from its brief fall below one us dollar last week for the first time since 2002 and one dollar bought 13834 japanese yen below its 24year high of 13939 also hit last week the us benchmark 10 year yield was 29781 having struggled so far this month to break far in either direction from the 3 level the twoyear yield was at 31702 oil another asset class struggling to find a clear direction was trading flat having pared early losses after gaining 5 overnight brent crude was at 10630 a barrel and us crude was at 10258 spot gold remained soft at 1706 an ounce