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cc may contain inaccuracies and lets get your analysis then of how the market responded to that positive data on retail sales yesterday from the united states because there was a period where good news was bad news because it instantly made people think well what is the fed going to do the good news means the fed is going to hike for longer yesterday looked different what do we make of that yeah it was very much a good news is good news for stocks that took a while for stocks to get there but thats been kind of the story of the last couple of weeks weve seen rates seen go significantly higher since that nonfarm payrolls report almost two weeks ago and a bunch of other good data and overall stocks have held up near the kind of highs the last few months i think this makes sense i do quibble with the valuations of stocks into the last two experience i thought the january rally was just mad us stocks were kind of very expensive and were kind of seemed to be delusional trading this immaculate disinflation soft landing scenario but since then good data should be good for stocks what this data is showing is hey fed policy is not yet restrictive enough to slow down the economy sufficiently and therefore that should be a positive for stocks so just to reiterate the initial starting point valuation is wrong not the price reaction recently ok hang on a second does that mean youre coming around to the idea of there being a soft landing or no landing mark i absolutely do not believe in a soft landing so i think to be very clear im still absolutely in the camp that we do know dont control the inflation problem without a severe recession a severe curbing of good growth i think all historical precedent and all practical economic theory says that is the way you control an inflation problem once it gets out of control now as ive always said im in the camp that ultimately i think the fed will stick to their mandate and will hike enough to cause that hard landing when that happens i dont know my scenario of the last year or so is that the economy will be more resilient than people think hence well get more rate hikes the fed will go further than people are pricing and that the crash ultimately be quite hard and i thought the economy go into recession later a year ago i picked 12 months time that was last june so i picked this june coming in that now looks like itll be even lazier when the recession comes we are now talking about no landing but thats no landing in 2023 as in the recession wont start this year its not that were never going to have a recession comes the more rates go higher the heart of the landing will ultimately come and the more painful it will be in terms of timing that policy line okay okay so recession delayed in the meantime then risk assets can rally as weve seen and bitcoin definitely amongst them so risk assets risk risk assets can generally do well and as you know for the past number of months if you exclude us stocks ive been generally quite bullish stocks around the world hong kong as a perfect example em stocks i very much believe in the bullish for uk stocks all these are very good fundamental stories you know if theyve had a very good run us stocks there are still expensive so i expect them to continue underperform in the rest of the world equities as we rally as for crypto its had a wonderful two days i never have a clue whats gone on that asset class the

the us economy expanded at an annual 21 pace in the third quarter instead of 20 revised government data show consumer spending and private inventory investment mostly accounted for the upward revision the commerce department said wednesday the report was a revision of an advance estimate issued last month looking ahead economists expect us gdp to grow at an annualized rate of 48 in the fourth quarter of 2022 those figures will be released in january of 2022 us stocks spx were poised to fall at the start of trade wednesday

shares of micron technology inc mu slid 179 to 5275 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 033 to 357703 and dow jones industrial average djia falling 010 to 2921085 micron technology inc closed 4570 short of its 52week high 9845 which the company reached on january 5th the stock underperformed when compared to some of its competitors wednesday as intel corp intc rose 116 to 2533 stmicroelectronics nv stm fell 062 to 3063 and western digital corp wdc fell 155 to 3428 trading volume 181 m eclipsed its 50day average volume of 177 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

the stock market broke a historic twoday rally on wednesday as analysts warned its still too early to celebrate given a rash of looming risks—including incoming corporate reports that are likely to show just how badly deteriorating economic conditions are affecting company earnings the dow jones industrial average fell nearly 200 points or 06 to 30125 by 1230 pm et paring a massive twoday gain of nearly 6 while the sp 500 and techheavy nasdaq slumped 09 and 13 respectively the primary question on many investors minds has once again shifted to when the federal reserve pivots—not if morgan stanley strategist michael wilson wrote in a note saying the economy has entered a danger zone in which fed policy has become restrictive enough that financial and economic stress is bound to occur wilson says its only a matter of time before a fast and furious market event convinces the fed to back off on interest rate hikes which help tame inflation by undercutting demand but he cautions no one yet knows what type of event that will be once the fed reverses course stocks and other risk assets like cryptocurrencies should rally again but wilson says its a bad idea to assume the gains will be longlived because a slew of emerging risks—including economic weakness in europe the dollars strength and china reopening uncertainty—will likely hamper company earnings in the next two quarters in a wednesday note wedbush analyst dan ives wrote that earnings over the next month will be crucial for technology giants in particular—either exposing the negative fundamentals and causing massive earnings cuts into next year or instead proving that many pockets of tech are holding up well despite the deteriorating economic conditions morgan stanley projects the sp will ultimately hit a bearmarket low of between 3000 and 3400 points—suggesting the index which is already down 215 this year could still plummet another 10 to 20 it takes a long time for earnings forecasts to fall for the sp 500 because its a very high quality diversified index and companies are loath to throw in the towel on the future quarters until they have to says wilson this is one of the most difficult macro forecasting environments most companies have ever encountered it appears that more companies are reaching that point where they cant fight it anymore prolonged inflation has forced the fed to hike interest rates more aggressively than previously expected this year and stocks have suffered as a result despite rallying 5 this week as cooling labor market data suggested the economy may finally be slowing down enough to help inflation fall some experts arent so sure the fed has reason enough to act less hawkishly the economy is too strong for the fed to pivot oanda analyst edward moya said in a wednesday note pointing out that privatesector job data from payroll processor adp showed there were a betterthanexpected 208000 new jobs added last month what we dont know the fed is expected to raise rates by another 125 basis points this year but thats largely contingent on how incoming economic data measures up investors are hoping for worsethanexpected jobs data on friday or betterthanexpected inflation data later this month to help justify smaller hikes what to watch for thirdquarter earnings season kicks off next week with bigbank earnings from citigroup jpmorgan and morgan stanley all slated for friday october 14

citrix systems shares were trading lower in premarket trading monday following a report that said elliott management and vista equity partners were near an agreement to pay 104 a share for the cloud computing company the roughly 13 billion deal to take citrix systems ticker ctxs private could be announced monday assuming the talks don’t fall apart or drag out the wall street journal reported citing people familiar with the matter

the new york stock exchange welcomes the walt disney company nyse dis on tuesday may 4 2021 in honor of star wars day check out the companies making headlines after the bell disney shares of the media giant dropped more than 4 in after hours trading after missing on the top and bottom lines of its quarterly results disney reported earnings of 37 cents per share on revenue of 1853 billion wall street expected earnings of 51 cents per share on revenue of 1879 billion according to refinitiv disney subs also came in short of estimates at 1181 million compared to the forecast of 1254 million beyond meat shares of the alternative meat company tanked 13 in extended trading after reporting a widerthanexpected quarterly loss beyond meat reported a gaap loss of 87 cents per share lower than the expected loss of 39 cents per share according to refinitiv the company made 1064 million in revenue missing estimates of 1092 million the companys fourthquarter outlook also fell short of wall streets expectations affirm holdings shares of affirm the digital buy now pay later company soared more than 21 in afterhours trading on wednesday after the company said it would expand its partnership with amazon affirm made 2694 million in revenue topping estimates of 2482 million according to refinitiv the company reported a loss of 113 per share amc entertainment shares of the movie theater chain ticked 3 lower in after hours trading on news that amc entertainment ceo dam aron sold 25 million in shares on tuesday bumble shares of the dating app stock fell 8 lower in extended trading after reporting a loss of 6 cents per share 6 cents below analyst estimates according to refinitiv revenue however came is betterthanexpected honest company shares of the cosmetics company honest jumped 6 in after hours trading following its quarterly results earnings came in in line with expectations and revenue topped wall streets forecasts according to refinitiv

major us stock indexes closed higher thursday with the sp 500 ending at 7week highs after the official scorecard of the american economy showed a strong 29 annual rate of growth for the fourth quarter of 2022 the dow jones industrial average djia rose about 204 points or 06 ending near 33948 close to the sessions high but the days bigger gains came from the sp 500 index spx and the nasdaq composite index comp which gained 11 and 18 respectively the sp 500 ended at its highest close since dec 2 according to preliminary factset data the us economy reported a robust quarterly gain to end the year on thursday which helped advance risktaking on wall street even though many economist still expect the us to face tougher odds of avoiding a recession in 2023 as the fed plans to keep increasing rates in the next few months and to keep them high for some time as part of its inflation fight

the federal reserve has gone back to pulling money out of the financial system rather than adding it that is both a positive signal and a challenge for the stock market a look at how the fed controls the amount of money sloshing around in the market makes it easier to understand what is happening when the fed wants to juice economic growth as it did after the economy was locked down in response to covid19 it can effectively print money to buy assets such as treasury and mortgage bonds

the thirdquarter earnings season that’s currently winding down has seen sp 500 companies generate overall pershare earnings growth of more than 27 and sales growth of more than 15 numbers that suggest a robust recovery from 2020’s pandemic lows but the high growth rates coming off what was for many companies a very low base are masking underlying problems that do not bode well for the future an analysis of the underlying strength of companies in one economically sensitive sector that of travel and leisure highlights the trend that sector which borrowed heavily to survive during the worst of the pandemic was expected to enjoy a steep increase in demand for flights and hotel rooms in the summer as the vaccine program was kicking off in the spring but that expectation was dashed by the highly transmissible delta variant of the coronavirus that has pushed cases hospitalizations and deaths back to levels seen in winter and discouraged people from leaving home “the largest travel and leisure public companies are still on a knife’s edge” said james gellert ceo of rapidratings a company that assesses the finances of private and public companies “for these companies much of the pain has lasted over a year now driven largely by empty properties unsold tickets continued confusion around lockdowns and quarantine policies and an optimism that has yet to fully meet reality” it’s not just the travel sector that is feeling the pain many industries are struggling with inflationary pressures supplychain hassles border closures and quarantine measures including autos and retail both of which saw high changes in cash to current liabilities from 2019 to end2020 “people need to monitor all industries and companies within them carefully to observe whether the “new” liquidity gained over the past 45 quarters can sustain companies or just prop them up for a while longer” said gellert see now hopes for a businesstravel boost are dwindling for us airlines as september bump fails to materialize rapidratings analyzes a company’s financials and assigns it a financialhealth rating or fhr and core health score or chs the former is a measure of shortterm probability of default and the latter evaluates efficiencies in a business over a two to threeyear perspective both produce a number on a scale of 1 to 100 that is grouped in categories based on risk as a means to help a potential business partner vendor or counterparty determine how a company will perform over time only financial data is analyzed and not share price or other market data that would include investor sentiment as the chart below illustrates a sample of companies in the travel and leisure sector had mostly strong fhrs at the end of 2019 before the start of the outbreak southwest airlines co luv led the pack with an fhr of 91 but that has fallen sharply to 48 at the end of the second quarter placing it in rapidratings’ “mediumrisk” category similarly delta air lines inc’s dal fhr has tumbled from 87 at the end of 2019 to 25 at the end of the second quarter putting it firmly in the “highrisk “category online travel site booking holdings inc bkng fhr has fallen to 53 from 86 las vegas sands corp lvs has fallen to 24 at the end of the second quarter from 86 at the end of 2019 core health scores have fared no better southwest’s has fallen to 18 from 84 putting in the “very poor” category delta’s from 86 to 23 the “poor” category booking’s from 81 to 31 and las vegas sands to 20 from 83 all low scores that imply high risk over the medium to long term only marriott international inc mar has been spared a poor core health score falling to 53 from 78 at the end of 2019 to remain in radpiratings’ “medium” category “while the holiday season might give many of these companies a revenue boost the hangover will be even more unpleasant come next year if the raw fundamentals don’t show signs of improvement beyond the next quarter” said gellert the deteriorating numbers come after companies in the public and private sectors were forced to borrow more extend maturities and do whatever was needed to gain shortterm liquidity at the height of lockdowns and restrictions on movement in 2020 the airline sector hammered when travel ground to a halt last spring begged for a government bailout to boost liquidity that came with onerous terms some airlines issued bonds backed by their own loyalty programs as grounded flights caused them to burn through cash the cruise sector was further hampered when the centers or disease control and prevention mandated shutdowns for more than a year and as companies fought with the state of florida over their policies to require covid19 vaccinations for their crew and passengers carnival corp ccl which had the lowest fhr score among the sample companies has said that by the end of 2021 nearly 22 months after the covid19 breakout was declared a pandemic it’s goal was to have 65 of its global cruise capacity operating at bookingcom survival meant a host of actions from raising 41 billion in fresh debt negotiating amendments to its revolving credit facility restructuring activities participating in government aid programs including wage support programs suspending share buybacks and nonessential travel reducing marketing spend and selling investments according to its 2020 annual report published in february “cheap and easy access to capital provided an incredible bandaid to companies strong and weak” said gellert “the big question is whether these companies can improve from pandemic trauma with this cash or whether it will run out prior to their return to health and when they need to pay the piper for the increased borrowing and future debt maturities that they may or may not be able to satisfy” one factor that is making a difference is how much cash companies raised in 2020 that is now helping to see them through the current hardship for example delta and carnival both raised cash even as they added leverage and that’s now giving them more resilience than las vegas sands all three have suffered steep declines in revenue decreasing profitability or a swing to losses and higher leverage but las vegas sands saw the biggest drop in fhr “in part because contrasted with the others the increase in debt was not accompanied by the resilience created from more liquidity the other two have bought time with their cash” said gellert for investors the market performance of many travelrelated stocks looks highly disconnected from the rapidratings data many have more than doubled from their pandemic lows even as fundamentals show the companies are struggling delta shares for example have rocketed about 125 off their postpandemic closing low of 1919 on may 15 2020 deutsche bank analyst michael linenberg recently launched a “catalyst call buy” on the stock in anticipation of increased travel demand saying delta was one of the “highest quality names in the sector” see also more than a quarter of nasdaq100 stocks are in bear markets wall street sees a buying opportunity but so far investor confidence seems to be based on what they believe will happen rather than what the reality of the air carrier’s quarterly results and balance sheet have shown delta reported a return to a net profit in the second quarter of 652 million the first since the prepandemic fourth quarter of 2019 but the profit resulted from the inclusion of 15 billion in benefits related to government payroll support programs excluding that benefit delta actually recorded an adjusted net loss of 678 million the total adjusted net loss for the first half of 2021 was 294 billion not much better than the 314 billion loss suffered in the first half of 2020 while payments on debt and finance lease obligations during those periods have swelled more than 80 to 31 billion and yet the stock has more than doubled even though the ratio of debt to assets has soared to the highest levels seen since before delta last emerged from bankruptcy in april 2007 as the chart below shows the stock price and the debttoasset ratio tend to move in opposite directions

shares of illumina inc ilmn inched 086 higher to 41408 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 074 to 451963 and the dow jones industrial average djia rising 056 to 3545731 this was the stocks sixth consecutive day of gains illumina inc closed 14169 short of its 52week high 55577 which the company achieved on february 12th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as thermo fisher scientific inc tmo rose 069 to 59210 danaher corp dhr rose 141 to 30848 and agilent technologies inc a rose 054 to 15562 trading volume 738427 remained 93398 below its 50day average volume of 831825 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

what’s up with the neckbreaking roller coaster in stocks last tuesday stocks broke a monthlong bearish streak and launched into a rebound over a week the sp 500 soared 51 the techheavy nasdaq jumped 63 and the dow was up 39 but then this tuesday the stock market carriage tilted at a 90degree angle and hurtled downhill again—wiping out 15 trillion in a single day what’s sending stocks through these steep slopes short answer inflation or expectations around it one indication is that the relief rally perfectly coincided with the lead up to august’s cpi release which came out this past tuesday and before it economists were dead convinced inflation would slow if for no other reason than falling gas prices but it wasn’t just the august cpi over the past few weeks there were a few seismic macro developments giving hope that the worst inflationary fears for the winter may not materialize or materialize to a lesser extent than feared for starters the west’s military support for ukraine is starting to bear fruit in the past week ukrainian forces have mounted a history bookworthy counteroffensive freeing 2400 sq miles of land reclaiming control over kharkiv its secondlargest city and pushing russian troops past the war’s principal frontline ukraine’s advances offer hope that russia will be pushed into some kind of resolution for their part europe’s major economies have signed off on an unprecedented 375 billion in fiscal spending to freeze energy prices germany unveiled a 65 billion package 315 billion in us economy terms and the uk pledged to spend a mindboggling 150 billion in the next 18 months equivalent of 1 trillion in the us economy a fiscal spending approach to this energy crisis is good news for stocks because it won’t be consumers or businesses who bear most of the cost of exploding energy prices it will be governments of course these billions of euros aren’t a free lunch they are a huge addition to deficits and come hot on the heels of covid spending which raises the question of unsustainable federal debt but hey that’s a problem for another day that said the august cpi came out on tuesday and drowned out all this positive news contrary to the projected fall inflation in fact rose 01 month over month despite a drop in gas prices and we are back at it again still hard to tell where the stock market will steer for the end of the year on one hand you’ve got extremely bearish sentiment and defensive positioning for example one of the most followed sentiment indicators bofa’s bull and bear index is at absolute zero that is you can’t get lower than that the paranoia is evident in massive outflows from stocks in the week of sep 7 investors pulled 108 billion from us stocks according to bofa data that’s the biggest exodus in 12 weeks not only that stocks haven’t seen any flows net over the past half year such a defensive positioning is one of the key contrarian signals bofa and jpmorgan strategists are banking on as bofa wittily titled its july global fund manager survey “i’m so bearish i’m bullish” on the other hand with the ukraine war still not resolved and the cold season kicking in theres a real risk the historic energy crunch will spark a devastating recession in europe which will spill over globally in that scenario brace for an onslaught of downward earnings revisions and a fat “i told you so” from morgan stanley’s bears stay ahead of the market trends with meanwhile in markets every day i put out a story that explains what’s driving the markets subscribe here to get my analysis and stock picks in your inbox

shares of incyte corp incy shed 084 to 6868 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 204 to 435263 and dow jones industrial average djia falling 163 to 3429999 incyte corp closed 3279 below its 52week high 10147 which the company achieved on january 25th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as pfizer inc pfe fell 122 to 4304 novartis ag adr nvs fell 035 to 8230 and eli lilly co lly fell 212 to 22160 trading volume 11 m remained 180366 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

solo brands inc dtc shares slid 1 in early thursday trading after it reported firstquarter revenue that missed expectations the solo stove parent which began trading in october 2021 posted a net loss of 20 million or 3 cents per share after net income of 222 million last year adjusted eps of 19 cents beat the factset consensus for 8 cents sales of 822 million were up from 691 million but missed the factset consensus for 845 million for the full year solo is guiding for revenue between 540 million and 570 million the factset consensus is for 5568 million solo stock is down nearly 68 for the year to date

shares of power corp of canada pow inched 030 higher to c3684 monday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 082 to 2091940 this was the stocks sixth consecutive day of gains power corp of canada closed c769 below its 52week high c4453 which the company reached on august 31st trading volume of 486503 shares remained below its 50day average volume of 25 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 archer daniels midland co adm rose 101 to 8623 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 070 to 391925 and the dow jones industrial average djia rising 056 to 3370410 archer daniels midland co closed 1265 short of its 52week high 9888 which the company achieved on april 21st the stock outperformed some of its competitors tuesday as tyson foods inc cl a tsn fell 020 to 6558 conagra brands inc cag rose 005 to 4044 and bunge ltd bg fell 054 to 9751 trading volume 26 m remained 106136 below its 50day average volume of 27 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

higher labor and food costs along with a shortage of workers and inflationary pressures have combined to create a challenging environment for restaurant chains that analysts are warning could sap earnings for the justcompleted quarter shares of brinker international parent company to restaurant chains like chili’s and maggiano’s little italy fell as much as 11 wednesday morning after a negative preliminary earnings announcement the dallasbased company reported that while revenue was inline with expectations at around 860 million profit margins took a substantial hit amid higher labor and food costs both of which have been exacerbated by the resurgence of the coronavirus pandemic spurred by the spread of the delta variant domino’s reported last week that it was also dealing with industrywide labor issues as the pizza chain’s quarterly us samestore sales growth turned negative for the first time in more than a decade as domino’s ceo ritch allison said last week a shortage of workers has put pressure on the number of orders restaurants can process—with some locations being forced to slash hours wall street analysts have already pointed out that this trend is likely to continue in the upcoming weeks “earnings are going to be tougher” for restaurant companies admits vital knowledge founder adam crisafulli with many restaurants warning about higher costs across the board however investors are showing that markets so far think the hit to profits is temporary brinker stock pared back some losses and is now down 45 shares of other restaurant companies such as denny’s darden restaurants and the cheesecake factory were all down slightly on the news but pared back most of their losses by midday “the covid surge starting in august exacerbated the industrywide labor and commodity challenges and impacted our margins and bottom line more than we anticipated” brinker ceo whyman roberts said in a statement brinker said in its announcement that it would be raising prices to help “offset inflationary costs” related to labor and commodities in a bid to protect margins going forward the company’s stock is down nearly 17 so far this year what to watch for “the domino’s report from last week alluded to these headwinds but they are hurting brinker’s much more” says crisafulli “investors have been willing to look through most margin shortfalls in the last few weeks but this brinker’s miss is probably too large to ignore”

shares of costco wholesale corp cost slipped 096 to 49006 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 070 to 409075 and dow jones industrial average djia falling 080 to 3341424 costco wholesale corp closed 7469 short of its 52week high 56475 which the company achieved on august 18th

some 25 years after genocide decimated rwanda almost twothirds of the nations parliament is female more than twice the global average despite this unprecedented level of empowerment the question of how much power women really have under president paul kagame and his authoritarian government remains an open question

shares of peloton interactive inc pton slid 373 to 8937 tuesday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 034 to 1564960 and the dow jones industrial average djia rising 039 to 3605263 the stocks fall snapped a threeday winning streak peloton interactive inc closed 8172 below its 52week high 17109 which the company reached on january 14th the stock underperformed when compared to some of its competitors tuesday as nautilus inc nls rose 056 to 1074 planet fitness inc cl a plnt fell 049 to 8247 and nike inc cl b nke rose 090 to 16783 trading volume 75 m remained 150477 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 jm smucker co sjm slipped 050 to 15819 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 075 to 385297 and the dow jones industrial average djia rising 040 to 3326977 jm smucker co closed 234 short of its 52week high 16053 which the company reached on december 27th trading volume 636920 remained 172518 below its 50day average volume of 809438 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 unity software inc u slumped 43 in premarket trading monday after the video gaming software company said it rejected applovin corps app unsolicited buyout bid valued at 20 billion submitted last week the company said after a thorough evaluation of applovins bid the board of directors unanimously determined it is not in the best interest of its shareholders to accept the bid and it doesnt represent a superior proposal as defined by the merger deal with ironsource ltd is shares of ironsource which had agreed in july to be acquired by unity in a stock deal valued at 44 billion ran up 107 premarket applovin shares eased 01 we remain committed to and enthusiastic about unitys agreement with ironsource and the substantial benefits it will create for our shareholders and unity creators said unity chief executive john riccitiello unitys stock has tumbled 591 year to date through friday while the sp 500 spx has lost 102

shares of valero energy corp vlo rose 241 to 11101 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 045 to 413764 and the dow jones industrial average djia falling 009 to 3353133 this was the stocks fourth consecutive day of gains

blackstone and its peers have provided a lifeline for those investors thirsting for yield in a zerorate world an emerging question is how they can keep it up when investors aren’t so parched in the 12 months through the third quarter blackstone has had inflows of nearly 150 billion the firm reported on thursday when rates are higher a concern may be that some investors satisfied with plainvanilla yields will direct funds elsewhere rising rates also can put pressure on market multiples that have helped fuel a huge boost in profitable selldowns of investments blackstone in the third quarter generated over 800 million more of distributable earnings through net realizations than it did a year earlier

shares of lowes cos low slid 342 to 22760 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 004 to 446118 and dow jones industrial average djia falling 058 to 3455299 the stocks fall snapped a fiveday winning streak lowes cos closed 3571 below its 52week high 26331 which the company achieved on december 13th the stock underperformed when compared to some of its competitors monday as home depot inc hd fell 334 to 32937 and kingfisher plc adr kgfhy fell 116 to 768 trading volume 43 m eclipsed 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

south san francisco calif april 05 2022 globe newswire standard biotools inc fka fluidigm corporation fldm today announced as required by nasdaq stock market rules the grant of equity inducement awards to its new executive officers michael egholm the companys new president chief executive officer and a member of the companys board of directors and hanjoon alex kim the companys new chief operating officer and a new employee ardalan alex arfaei the companys new senior vice president corporate development in accordance with nasdaq listing rule 5635c4 standard biotools compensation committee of its board of directors which is composed entirely of independent directors approved the grants of the following equity awards to dr egholm and messrs kim and arfaei each as a material inducement to dr egholm and messrs kim and arfaei entering into employment with standard biotools on april 4 2022 an award of nonstatutory stock options to purchase 4529773 shares of common stock and an award of 786049 restricted stock units rsus for dr egholm an award of nonstatutory stock options to purchase 1617775 shares of common stock and an award of 280732 rsus for mr kim and an award of nonstatutory stock options to purchase 1294221 shares of common stock and an award of 224585 rsus for mr arfaei each of dr egholm mr kim and mr arfaei commenced employment with standard biotools on april 4 2022 each stock option award has a 10year term and an exercise price per share equal to 399 the closing price of standard biotools common stock as quoted on the nasdaq global select market on the grant date subject to the grantees continued service through each such relevant date twentyfive percent of the shares subject to each stock option award will vest on the first anniversary of the vesting commencement date and the remaining seventyfive percent of the shares subject to such stock option award will vest in equal monthly installments thereafter resulting in each stock option award being 100 vested on the fourth anniversary of each stock option awards respective vesting commencement date subject to the recipients continued service through each such relevant date twentyfive percent of each rsu award will vest in equal annual installments over a fouryear period beginning on the first anniversary of the vesting commencement date resulting in each rsu award being 100 vested on the fourth anniversary of its respective vesting commencement date in addition each stock option award and rsu award may be subject to vesting acceleration upon certain qualifying termination events in accordance with the terms and conditions set forth in the grantees offer letter with standard biotools standard biotools previously known as fluidigm is driven by a bold vision – unleashing tools to accelerate breakthroughs in human health standard biotools has an established portfolio of essential standardized nextgeneration technologies that help biomedical researchers develop medicines faster and better as a leading solutions provider the company provides reliable and repeatable insights in health and disease using its proprietary mass cytometry and microfluidics technologies that help transform scientific discoveries into better patient outcomes standard biotools works with leading academic government pharmaceutical biotechnology plant and animal research and clinical laboratories worldwide focusing on the most pressing needs in translational and clinical research including oncology immunology and immunotherapy learn more at standardbiotoolscom or connect with us on twitter facebook linkedin and youtube standard biotools the standard biotools logo fluidigm the fluidigm logo and cytof are trademarks andor registered trademarks of standard biotools or its affiliates in the united states andor other countries all other trademarks are the sole property of their respective owners standard biotools products are provided for research use only not for use in diagnostic procedures

shares of kla corp klac slipped 177 to 45785 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 023 to 3552012 and the sp 500 index spx falling 002 to 456675 kla corp closed 3568 short of its 52week high 49353 which the company reached on july 17th trading volume 842191 remained 216117 below its 50day average volume of 11 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

a whale with a lot of money to spend has taken a noticeably bullish stance on bank of america looking at options history for bank of america bac we detected 30 strange trades if we consider the specifics of each trade it is accurate to state that 56 of the investors opened trades with bullish expectations and 43 with bearish from the overall spotted trades 4 are puts for a total amount of 268610 and 26 calls for a total amount of 1519984 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 240 to 350 for bank of america over the last 3 months looking at the volume and open interest is a powerful move while trading options this data can help you track the liquidity and interest for bank of americas options for a given strike price below we can observe the evolution of the volume and open interest of calls and puts respectively for all of bank of americas whale trades within a strike price range from 240 to 350 in the last 30 days bank of america option volume and open interest over last 30 days where is bank of america standing right now with a volume of 18273166 the price of bac is up 195 at 326 rsi indicators hint that the underlying stock may be overbought next earnings are expected to be released in 85 days what the experts say on bank of america morgan stanley has decided to maintain their equalweight rating on bank of america which currently sits at a price target of 33 rbc capital downgraded its action to outperform with a price target of 35 morgan stanley has decided to maintain their equalweight rating on bank of america which currently sits at a price target of 34 oppenheimer has decided to maintain their outperform rating on bank of america which currently sits at a price target of 52 bmo capital has decided to maintain their market perform rating on bank of america which currently sits at a price target of 40 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for bank of america benzinga pro gives you realtime options trades alerts

shares of enbridge inc enb slid 052 to c5402 wednesday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 034 to 1861519 this was the stocks second consecutive day of losses enbridge inc closed c567 short of its 52week high c5969 which the company achieved on june 8th trading volume of 76 m shares remained below its 50day average volume of 101 m

dragged down by negative returns for shares of home depot and verizon the dow jones industrial average is falling tuesday morning shares of home depot hd and verizon vz have contributed to the bluechip gauges intraday decline as the dow djia was most recently trading 57 points lower 02 home depots shares are down 651 or 20 while those of verizon have fallen 076 18 combining for an approximately 48point drag on the dow nike nke caterpillar cat and mcdonalds mcd are also contributing significantly to the decline a 1 move in any one of the 30 components of the dow results in a 659point swing 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

confidence has fallen in november after rising for the previous three months the sp corelogic case shiller fell a further 08 in september marking three consecutive months of falls in the national average house price it’s the latest in a string of negative economic data but it’s not all bad news with data such as consumer spending and the unemployment rate holding up surprisingly well right now the economy feels a bit like that looping gif of the truck that’s about to hit a post but never does we’ve been hearing chatter about a potential recession for what feels like a year now with multiple ceos and politicians calling it out in regards to the executives their actions have matched their words with thousands of layoffs being implemented particularly across the tech sector the stock market has also followed suit with some massive falls in stock prices across the board and very few market sectors able to hold their value in terms of the raw economic data the turnaround has been much slower the national bureau of economic research has been reluctant to call the start of an official recession even despite the traditional definition of two consecutive quarters of economic growth being met earlier this year the main reasoning for this has been the fact that a reasonable amount of the economic data coming out has been surprisingly positive the labor market has remained resilient and consumer spending has been steady not to mention a housing market that has continued to see the average price of homes increase despite a rapid slowdown in transaction numbers it appears that these rays of light may be starting to flicker the latest data from the sp corelogic case shiller national home price index has been released showing that home values in the us fell 08 in september over the previous month it continues a downward trend that has been in play since the market’s peak in june with prices now falling for three consecutive months considering how much interest rates have increased this year it’s really not too surprising while the overall housing price index is similar to the level it was in march this year continued rate hikes from the fed has meant that wouldbe home buyers are spending a lot more each month on those properties so far this year the fed has implemented four major interest rate increases of 075 percentage points this would be a big hike even just once but to make this jump four times in a row is a serious policy shift from the decade of record low interest rates of course this is all in a bid to bring down inflation which has also hit levels we’ve not seen in a generation the policy has seen the average 30 year fixed mortgage in the united states reach above 7 from levels of around 3 in late 2021 it means an increase in mortgage payments of hundreds of dollars a month even for those with relatively modest loans it’s an increased cost that many can’t afford to take particularly with the cost of living increasing so much across every other sector of the economy it means that fewer homeowners are looking to move with the prospect of a massive increase in their monthly outgoings forcing them to stay in their current mortgage and home after falling consistently each month for the first half of 2022 consumer confidence started to climb back up from its low in june it increased month on month from an index low of 50 in june up to 599 in october according to the university of michigan consumer sentiment data for november that number has fallen back down to 568 while the index had been increasing steadily up until november it’s important to keep the figures in context consumer confidence is still much lower than the peak over the last few years with the index breaching 100 back at the beginning of 2020 prior to covid as well as the university of michigan figures the conference board’s consumer confidence index was also released on tuesday and it painted a similar picture a recession looks inevitable but we’ve been hearing that for some time so economic growth is low consumer confidence is on its way back down the stock market has crashed crypto winter has well and truly arrived and even the housing market is starting to slow despite all of this consumer spending continues to rise growing by 06 in august and september this will itwon’t it recession tease is actually exactly what the fed and chairman jerome powell are aiming for with inflation at record high levels off the back of the supply chain disruptions of covid they’ve been left with no choice but to act decisively to try to bring it down the problem with raising interest rates to bring down inflation is that it brings down economic growth with it that’s not the end of the world if economic growth is already high which it usually is when inflation is rising this time though things are a bit different economic growth has been all over the place with artificially high numbers last year coming off the low base which was created by the covid lockdowns so with an interest rate policy that is designed to slow economic growth from already low levels the fed is actively pushing us towards a recession in their stated opinion it’s a price worth paying to get inflation under control what they’re hoping to achieve is to do this while causing a ‘soft landing’ of the economy rather than a major crash they could probably get inflation down in one fell swoop if they just raised rates to 10 but that would cause a major economic meltdown bankrupt businesses and cause millions of people to lose their jobs by spreading the hikes over a longer period of time it means that the economy can sputter along with some good news and some bad news the reality is whether we enter a formal recession or not doesn’t make too much difference it’s not like there are businesses waiting to see what the national bureau of economic research announces before they decide whether to give everyone a pay rise or lay them off companies are looking ahead at the projected economic data and making their decisions based on how it might impact their business the difference in economic growth between 01 or 02 is unlikely to dramatically change their plans what can investors do in the current economy with the stock market deep in the red and the prospects for the economy not looking great what are investors to do cash still doesn’t offer much in the way of a return and with inflation still high it’s real value continues to decrease every year well one strategy is to look to invest into assets that tend to hold their value during a recession that might mean your investment holds up better but it could still stay flat or fall to really seek outperformance and strong results you’ve got to get a little more sophisticated at qai we use the power of ai to implement sophisticated trading strategies usually reserved for high net worth investment banking clients a perfect example of this is our large cap kit during periods of low or negative growth big companies tend to perform better than small and midsized ones they’re usually more mature businesses with greater diversification in their revenue and less reliance on new customers to generate profits they also tend to have more cash reserves in the bank allowing them to get through periods of economic instability to take advantage of this our large cap kit takes a long position in the 1000 largest companies in the us while at the same time taking a short position in the next 2000 it means that investors can profit off the relative change between the two because of the way it’s structured you can profit even if the overall market is flat or down as long as large companies hold up better than smaller ones it’s like having a personal hedge fund manager right in your pocket

shares of wabtec wab inched 051 higher to 9376 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 041 to 385610 and dow jones industrial average djia falling 024 to 3265320 wabtec closed 629 short of its 52week high 10005 which the company reached on march 29th the stock underperformed when compared to some of its competitors tuesday as trinity industries inc trn rose 112 to 2885 and greenbrier cos inc gbx rose 368 to 3661 trading volume 901154 eclipsed its 50day average volume of 814897 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 charter communications inc cl a chtr slid 228 to 34878 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 072 to 406122 and dow jones industrial average djia falling 086 to 3312774 this was the stocks fourth consecutive day of losses charter communications inc cl a closed 16688 below its 52week high 51566 which the company achieved on may 27th the stock demonstrated a mixed performance when compared to some of its competitors thursday as netflix inc nflx rose 046 to 32078 walt disney co dis fell 338 to 9745 and comcast corp cl a cmcsa fell 164 to 4022 trading volume 852997 remained 253556 below its 50day average volume of 11 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

late tuesday origin therapeutics holdings inc orig an investment issuer that has historically focused on psychedelicsindustryrelated companies announced it had signed a binding letter of intent loi to acquire all of the issued and outstanding securities of safe supply streaming co a pharmaceutical streaming and investment company in the safe supply ecosystem completion of the transaction is anticipated to create the world’s first publiclylisted pharmaceutical and narcotics investment company “aimed at creating a global powerhouse positioned to take advantage of the rapidly growing safe supply narcotic sector and entire ecosystem” according to origin “this is a major milestone for canadian political history and represents the third and final wave of descheduling narcotics here in canada following the success of cannabis and psychedelics in prior years” bill panagiotakopoulos ceo of safe supply streaming told benzinga exclusively “canada will become the first g7 country to make such a bold move to fight the fentanyl crisis and create a safe supply ecosystem this will only be productive if we concurrently incorporate rehabilitation into the framework and we intend on being heavily involved in that healing process through our various ventures” panagiotakopoulos added “we are honored to be the first pharmaceutical narcotics streaming company with a first mover advantage and clear efficient path to list on a public exchange to give us a strong foundation in this burgeoning sector pursuant to the terms of the loi and other terms to be agreed upon origin has agreed to lend up to 500000 as interim financing to safe supply to allow it to execute nearterm business objectives completion of the transaction is subject to a number of conditions including i the entering into of the definitive agreement ii the consolidation of the company’s existing share capital on a 4for1 basis or such other basis as mutually determined by safe supply and the company iii the company changing its name to “safe supply streaming co ltd” or such other mutually determined name v the entering into by safe supply of certain letters of intent with respect to streaming opportunities vi receipt of all required shareholder regulatory and thirdparty consents including approval of the transaction by the canadian securities exchange “pursuant to the transaction all outstanding securities of safe supply will be exchanged by the holders thereof for identical securities of the resulting issuer on a postconsolidation oneforone basis” per a company press release

shares of mcdonalds corp mcd shed 045 to 26272 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 002 to 3266184 and the sp 500 index spx falling 047 to 395139 this was the stocks second consecutive day of losses mcdonalds corp closed 1895 short of its 52week high 28167 which the company achieved on november 10th the stock demonstrated a mixed performance when compared to some of its competitors wednesday

shares of clorox co clx slid 114 to 14130 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 113 to 385593 and dow jones industrial average djia falling 101 to 3070623 the stocks fall snapped a twoday winning streak clorox co closed 4556 short of its 52week high 18686 which the company achieved on january 14th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as reckitt benckiser group plc rbgpf fell 044 to 7051 henkel ag co kgaa pfd adr henoy fell 224 to 1527 and beiersdorf ag adr bdrfy rose 006 to 2042 trading volume 626419 remained 416865 below its 50day average volume of 10 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

it’s the season when americans typically give about a third of all their annual charitable contributions and lock in yearend tax deductions but a starkly different gifting climate this year could affect how much donors give and revised tax rules may curtail hopedfor tax benefits meanwhile the climate for the other kind of gifting—not charitable but to kids and family members—is the best it has been in many years

shares of penn entertainment inc penn slipped 322 to 3040 thursday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 218 to 1047612 and dow jones industrial average djia falling 105 to 3302749 the stocks fall snapped a twoday winning streak penn entertainment inc closed 2296 below its 52week high 5336 which the company achieved on january 3rd the stock underperformed when compared to some of its competitors thursday as las vegas sands corp lvs fell 079 to 4652 draftkings inc dkng fell 144 to 1160 and mgm resorts international mgm fell 237 to 3375 trading volume 34 m eclipsed its 50day average volume of 27 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

omv ag said thursday that net profit fell in the fourth quarter while revenue increased on the back of higher prices the austrian oilandgas company reported a quarterly profit of 538 million euros 6082 million from eur188 billion the year before on an adjusted basis net profit was eur102 billion compared with eur219 million the previous year sales rose to eur1335 billion from eur496 billion due to significantly higher market prices especially gas prices and overall higher gas sales volumes the company said looking ahead the company said it expects production to be around 470000 barrels of oil equivalent a day in 2022 and the average brent crude oil price to be around 75 a barrel the company also proposed a dividend of eur230 a share a 24 increase compared with the previous year

shares of suncor energy inc su rallied 474 to c3315 tuesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 006 to 2123652 this was the stocks second consecutive day of gains suncor energy inc closed c120 short of its 52week high c3435 which the company reached on november 25th trading volume of 72 m shares remained below its 50day average volume of 109 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

behind declines for shares of boeing and chevron the dow jones industrial average is falling thursday afternoon the dow djia was most recently trading 133 points lower 04 as shares of boeing ba and chevron cvx have contributed to the indexs intraday decline boeings shares have declined 621 or 28 while those of chevron have fallen 269 or 28 combining for a roughly 59point drag on the dow also contributing significantly to the decline are caterpillar cat american express axp and nike nke a 1 move in any of the benchmarks 30 components equates to a 658point swing 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

samsung electronics co shares fell sharply early on tuesday as global semiconductor stocks were dragged lower by new us restrictions on advancedtech exports to china shares in the south korean tech giant lost as much as 39 to 54000 won 3778 before coming off their lows they were last down 30 at krw54500 underperforming the benchmark kospis 23 decline the south korean chip juggernaut tracked a selloff in us tech stocks overnight after the biden administration friday imposed fresh curbs on exports of advanced semiconductors and chipmanufacturing equipment to china korean markets were closed monday for a public holiday samsung electronics latest retreat also reflected strong headwinds from a global chipindustry downturn due to weakening demand for semiconductors and suppressed consumer spending on tech products because of concerns about high inflation the tech giant said friday it expects its thirdquarter operating profit to slump 32 on year the average contract prices for dram and nand flash memory chipsa key earnings and revenue growth driver for samsung electronicsdropped by 15 and 28 on quarter respectively during the julyseptember period according to taiwanese market research firm trendforce samsung electronics is likely to continue to suffer from weaker earnings growth until the second quarter of 2023 because of softerthanexpected demand for memory chips and likely further declines in chip prices seoulbased hanwha investment securities analyst kim kwangjin said in a research note tuesday hanwha investment cut the stocks target by 98 to krw73000 but maintained its buy rating citing a possible chipindustry recovery later in 2023

third harmonic bio inc thrd received a warm wall street welcome thursday as the biotechnology companys stock opened 206 above the initial public offering price the company which specializes in allergic and inflammatory diseases said early thursday that its ipo priced at 17 a share in the middle of the expected range as the company raised 1853 million the stocks first trade thursday on the nasdaq was 2050 at 1137 am eastern for 359030 shares at that price the biotech was valued at 36793935 about 7543 million the stock has pared gains since it opened and was recently trading 191 above the ipo price third harmonic went public during a rough year for ipos as a volatile and uncertain market environment has suppressed investor interest in new offerings the renaissance ipo etf ipo has plunged 428 year to date while the sp 500 spx has lost 177

blackrock ceo larry fink sold about 25 million of stock in the company or 7 of his stake according to a securities filing thursday fink unloaded roughly 35800 shares mostly at a price of 69436 in the tuesday sale blackrock stock ticker blk was down 03 in early trading friday at 69335

shares of clorox co clx advanced 243 to 14529 monday on what proved to be an allaround poor 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 clorox co closed 4157 below its 52week high 18686 which the company achieved on january 14th the stock outperformed some of its competitors monday as reckitt benckiser group plc rbgpf rose 159 to 7994 henkel ag co kgaa pfd adr henoy rose 044 to 1601 and beiersdorf ag adr bdrfy rose 175 to 2089 trading volume 12 m remained 123235 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

in accordance with the authorization given by the ordinary shareholders general meeting on may 25 2022 to trade on its shares and pursuant to applicable law on share repurchase totalenergies se lei 529900s21eq1bo4esm68 paristte lsette nysette declares the following purchases of its own shares fr0000120271 from may 22 to may 26 2023 in accordance with article 51b of regulation eu no 5962014 the market abuse regulation a full breakdown of the individual trades are disclosed on the totalenergies website httpstotalenergiescominvestorssharesanddividendstotalsharesinfocompanysharetransactions totalenergies is a global multienergy company that produces and markets energies oil and biofuels natural gas and green gases renewables and electricity our more than 100000 employees are committed to energy that is ever more affordable cleaner more reliable and accessible to as many people as possible active in more than 130 countries totalenergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the wellbeing of people

shares of allegion plc alle sank 020 to 11130 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 081 to 458264 and the dow jones industrial average djia rising 030 to 3492188 allegion plc closed 3740 below its 52week high 14870 which the company achieved on september 3rd the stock demonstrated a mixed performance when compared to some of its competitors monday as stanley black decker inc swk rose 040 to 14147 fortune brands home security inc fbhs rose 068 to 7541 and brady corp cl a brc fell 166 to 4573 trading volume 388046 remained 417144 below its 50day average volume of 805190 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 netflix inc nflx rallied 478 to 19946 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 057 to 415538 and the dow jones industrial average djia rising 026 to 3306150 netflix inc closed 50153 below its 52week high 70099 which the company reached on november 17th the stock outperformed some of its competitors monday as amazoncom inc amzn rose 018 to 249000 walt disney co dis rose 168 to 11350 and comcast corp cl a cmcsa rose 174 to 4045 trading volume 143 m eclipsed its 50day average volume of 113 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

us stocks just cemented their worst start to a year in more than half a century but as the slowdown in the us economy becomes increasingly difficult to ignore the market for highyield corporate bonds often referred to as “junk bonds” a wall street sobriquet for the debt of companies with lessthanstellar credit ratings is flashing a warning as of the close of markets on thursday the spread on the bloomberg highyield corporate bond index a measure of the risk premium being demanded by investors holding the bonds included in the index had reached its widest level since july 2020 to be included in the index companies must have a credit rating of “bb” or below from moody’s investors service or sp global ratings even credits belonging to oil and gas companies which have long made up a sizable chunk of the index recently they comprised about 15 have been battered since the start of the year due to the federal reserve’s decision to raise its target for the fedfunds rate by 15 percentage points since it kicked off its ratehiking cycle in march while these credits have outperformed many of their peers from other sectors due to the surge in oil and gas prices the surge in borrowing costs has still weighed on prices ironically the reason why highyield bonds have sold off in recent days is the same reason why government bonds like us treasuries have rallied escalating recession fears are prompting investors to dump risky assets like junk debt and stocks in favor of “safe haven” assets like the us dollar and government bonds “highyield credit spreads are moving wider largely because the market has begun to fear that high inflation will force the fed to tighten monetary policy even more aggressively pushing the economy into a recession” said gennadiy goldberg a senior us rates strategist at td securities “it’s the same reason that treasury yields have declined in recent days as markets have begun to fear that very hawkish fed rhetoric will indeed get inflation under control but at the expense of economic growth” goldberg added on thursday investors were confronted with more signs of a slowing economy a reading on consumer spending came in below economists’ expectations while the federal reserve bank of atlanta’s latest estimate for secondquarter gdp growth came in at minus1 if that estimate proves correct then it would mean the us economy has already descended into a technical recession which is defined as two consecutive quarters of economic contraction there’s a good reason why investors should be paying attention to highyield credits now highyield credit spreads are considered by market specialists to be a leading indicator for the economy since investors in these credits are especially sensitive to anything that could impair companies’ ability to repay their debts highyield bond etfs have already seen their biggest outflows for the first half of a year on record marketwatch previously reported bond yields move inversely to prices rising as prices fall “when you look at highyield credit spreads they do tend to be a leading indicator especially of how investors are perceiving the economy investors are demanding a lot more yield a lot more compensation to invest in these bonds given the risks that are rising there’s less faith today in the ability of these companies to remain current on their debt payments than there was just a few months ago” said collin martin a fixedincome strategist at the schwab center for financial research another problem with rising yields is that they tend to be selfreinforcing rising yields increase the cost of refinancing a company’s debt depriving companies of capital during difficult economic times when they need it the most as charlie bilello founder and ceo of compound capital advisors pointed out in a tweet highyield credit spreads topped 10 percentage points during each of the past three recessions and rising credit spreads are also a problem for the underlying us economy since this class of corporate borrowers employs millions of americans ceos and cfos typically respond to higher borrowing costs and other indications of a looming recession by laying off workers and delaying investments “if you’re a ceo or cfo you’re looking forward to what your corporate profit outlook looks like you’re seeing input costs rise you’re seeing labor costs rise and you’re seeing borrowing costs rise and given market expectations for slower growth you’re probably seeing demand for your product decline so what do you do to successfully run your business you don’t spend more on capex you don’t go hiring more employees because you know your profits might stay flat or even shrink” martin said “it’s a pretty negative outlook right now” the rise in spreads has yet to translate to higher defaults but that could soon change both moody’s and sp the two leading providers of credit ratings for corporations and governments expect the default rate for highyield borrowers to climb to 3 or more over the next 12 months according to their projections and with the fed expected to raise its fedfunds rate target by another 150 basis points or more before the end of the year while continuing to shrink its balance sheet companies will quickly find their borrowing costs rising dramatically even doubling within a year with inflation labor costs and the cost of debt service all rising management will likely be forced to countenance cutbacks like job cuts indeed job cuts are part of the federal reserve’s plans for reining in inflation since the central bank believes that a higher unemployment rate is necessary to combat inflation as martin pointed out higher borrowing costs won’t affect most “junk” borrowers until they need to refinance but borrowers who rely heavily on floatingrate products like leveraged loans could see the shock of higher borrowing costs hit more quickly many corporations rely on both junk bonds and leveraged loans and higher rates on these products could quickly have spillover effects for the stock market and the overall economy miller said

shares of fastenal co fast slipped 123 to 4822 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 020 to 399097 and dow jones industrial average djia falling 114 to 3391085 this was the stocks third consecutive day of losses fastenal co closed 1293 below its 52week high 6115 which the company achieved on january 19th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as amazoncom inc amzn fell 211 to 9605 home depot inc hd fell 111 to 32753 and lowes cos low fell 124 to 20952 trading volume 40 m eclipsed 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 dr horton inc dhi slipped 017 to 8793 tuesday on what proved to be an allaround dismal 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 dr horton inc closed 1896 short of its 52week high 10689 which the company reached on may 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as lennar corp cl a len fell 054 to 9777 nvr inc nvr fell 003 to 496672 and pultegroup inc phm fell 057 to 4710 trading volume 23 m remained 235977 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

shares of transdigm group inc tdg slipped 102 to 66862 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 071 to 457552 and the dow jones industrial average djia rising 027 to 3495589 this was the stocks second consecutive day of losses transdigm group inc closed 1941 short of its 52week high 68803 which the company achieved on june 24th the stock underperformed when compared to some of its competitors monday as boeing co ba fell 042 to 18816 and woodward inc wwd fell 076 to 12496 trading volume 219124 remained 114316 below its 50day average volume of 333440 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

boeings ba short percent of float has fallen 764 since its last report the company recently reported that it has 799 million shares sold short which is 133 of all regular shares that are available for trading based on its trading volume it would take traders 143 days to cover their short positions on average short interest is the number of shares that have been sold short but have not yet been covered or closed out short selling is when a trader sells shares of a company they do not own with the hope that the price will fall traders make money from short selling if the price of the stock falls and they lose if it rises short interest is important to track because it can act as an indicator of market sentiment towards a particular stock an increase in short interest can signal that investors have become more bearish while a decrease in short interest can signal they have become more bullish see also list of the most shorted stocks as you can see from the chart above the percentage of shares that are sold short for boeing has declined since its last report this does not mean that the stock is going to rise in the nearterm but traders should be aware that less shares are being shorted peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing a companys peer is another company that has similar characteristics to it such as industry size age and financial structure you can find a companys peer group by reading its 10k proxy filing or by doing your own similarity analysis according to benzinga pro boeings peer group average for short interest as a percentage of float is 349 which means the company has less short interest than most of its peers did you know that increasing short interest can actually be bullish for a stock this post by benzinga money explains how you can profit from it this article was generated by benzingas automated content engine and was reviewed by an editor

president joe biden said thursday he does not think the us economy will enter a recession despite the release of government data showing gdp shrunk in the first quarter of 2022 im not concerned about a recession biden told reporters pointing to jumps in consumer and business spending as well as low unemployment as bolstering his case that the economy is in good shape

led by strong returns for shares of microsoft and amgen the dow jones industrial average is rallying thursday afternoon the dow djia is trading 445 points higher 13 as shares of microsoft msft and amgen amgn have contributed to the indexs intraday rally microsofts shares are up 979 29 while those of amgen are up 541 or 24 combining for a roughly 100point bump for the dow other components contributing significantly to the gain include unitedhealth unh caterpillar cat and cisco csco a 1 move in any one of the 30 components of the index results in a 659point swing 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 sp 500 closed lower on friday investors meanwhile focused on some notable insider trades when insiders sell shares it indicates their concern in the company’s prospects or that they view the stock as being overpriced either way this signals an opportunity to go short on the stock insider sales should not be taken as the only indicator for making an investment or trading decision at best it can lend conviction to a selling decision below is a look at a few recent notable insider sales for more check out benzingas insider transactions platform the trade moderna inc director noubar b afeyan sold a total of 15000 shares at an average price of 12195 the insider received around 183 million from selling those shares what’s happening moderna submitted an application to the us food and drug administration for the authorization of its updated vaccine what moderna does moderna is a commercialstage biotech that was founded in 2010 and had its initial public offering in december 2018 have a look at our premarket coverage here the trade the j m smucker company director richard smucker sold a total of 19576 shares at an average price of 15195 the insider received around 297 million from selling those shares what’s happening smucker reported fourthquarter fy23 sales growth of 10 yearonyear to 223 billion beating the analyst consensus estimate of 217 billion what j m smucker does jm smucker is a packaged food company that primarily operates in the us retail channel 87 of fiscal 2022 revenue but also in us food service 7 and international 6 the trade amazoncom inc ceo amazon web services adam selipsky sold a total of 1000 shares at an average price of 12689 the insider received around 12689 thousand from selling those shares what’s happening amazoncom postponed the unveiling of its virtual care services across all 50 states following privacy concerns raised by senators peter welch and elizabeth warren politico reported what amazoncom does amazon is a leading online retailer and one of the highestgrossing ecommerce aggregators with 386 billion in net sales and approximately 578 billion in estimated physicaldigital online gross merchandise volume in 2021 the trade marriott international inc director eric hippeau sold a total of 4300 shares at an average price of 17439 the insider received around 74988 thousand from selling those shares what’s happening marriott international plans to further expand in the affordable midscale lodging segment following its recent entry into the segment with city express by marriott in latin america what marriott international does marriott operates more than 15 million rooms across roughly 30 brands check this out top 5 industrials stocks that should keep you up at night

never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

shares of dr horton inc dhi advanced 192 to 6997 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 265 to 367795 and the dow jones industrial average djia rising 186 to 3018582 the stocks rise snapped a threeday losing streak dr horton inc closed 4048 short of its 52week high 11045 which the company achieved on december 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as lennar corp cl a len rose 140 to 7449 nvr inc nvr rose 225 to 403474 and pultegroup inc phm rose 200 to 3833 trading volume 23 m remained 493616 below 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 legal general group plc lgen advanced 110 to £229 wednesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 183 to 741611 legal general group plc closed 8223 pence short of its 52week high £311 which the company reached on march 8 trading volume 103 m remained 90 million below its 50day average volume of 193 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

facing an uncertain future the us cannabis industry is at a crossroads according to a comprehensive report by whitney economics this annual feet on the street survey conducted among cannabis operators across the nation has painted a picture of an industry running on fumes amidst a challenging postpandemic landscape investor retreat shifting consumer behavior and tight regulatory controls have resulted in an environment far from businessfriendly overall the industry is running on fumes with little left in the tank operators have had to learn how to do more with less states the report as per the surveys findings the shortterm outlook for us cannabis operators remains bleak with improvements projected only by 2025 with already razorthin margins and regulatory restrictions limiting flexibility operators are feeling the pinch significantly the report found that state regulatory structures could significantly impact the success or failure of cannabis operators licensing policies and strategies may often clash with public policy objectives like expanding access for women and minorities and creating opportunities for smaller operators the report identified three distinct market stages within the us cannabis industry mature recently deployed and brandnew each with its own set of challenges and growth potentials while mature markets like california and oregon seem to have stalled newly deployed markets are enjoying better growth due to favorable timing brandnew markets however are grappling with economic obstacles and sluggish rollouts of new licenses critical insights from the survey underscore the stark reality of the industry worsening economic conditions sizebased business disparities and a shift in the market yet amidst these challenges the report suggests that operators who can streamline their operations innovate and remain lean may have a shot at survival efficiency and rightsizing will lead to success the operators who can become more efficient innovative and lean will be better positioned to survive long enough to see a return to less volatile market conditions the report noted this exhaustive survey conducted by whitney economics offers a birds eye view of the prevailing conditions in the cannabis industry serving as an informative resource for stakeholders as they navigate the tumultuous market landscape you can find the full free report here

nelson peltz’s trian fund management will not pursue a takeover of wendy’s co the activist hedge fund said friday peltz is wendy’s wen nonexecutive chairman as well as ceo of trian fund management which is wendy’s largest shareholder last year trian which owns 194 of the company’s shares pushed for a possible sale of wendy’s on friday wendy’s gave upbeat fourthquarter guidance and its board doubled the company’s quarterly dividend to 25 cents a share the board also approved a new 500 million sharerepurchase authorization “trian believes strongly in the future of wendy’s is confident in the company’s growth plans and is strongly supportive of the capital allocation strategy announced today” peltz said in a wendy’s statement “trian believes that the company is wellpositioned to deliver significant longterm value for shareholders and looks forward to continuing to work with the board and leadership team to do so” see now wendy’s stock climbs on upbeat fourthquarter guidance dividend hike wendy’s stock rose 5 on friday outpacing the sp 500 index’s spx gain of 013 on friday wendy’s also announced that it is embarking on a redesign of its organizational structure “the redesign will be made in an effort to better support the execution of the company’s longterm growth strategy by maximizing organizational efficiency and streamlining decision making” the company said in the statement “as a result of the redesign the company anticipates its 2023 and 2024 ga will be relatively flat versus 2022 despite elevated inflationary pressures” it added as part of the organizational restructuring wendy’s is eliminating the role of president us and chief commercial officer the company said in an sec filing as a result the company’s president of its us operations kurt kane will be leaving wendy’s also in the sec filing wendy’s said that leigh burnside the company’s senior vice president chief accounting officer and us cfo is leaving to become cfo at another restaurant company suzanne thuerk who is currently wendy’s vice president of accounting has been appointed chief accounting officer effective jan 20 2023 see now wendy’s stock rallies 15 as nelson peltz’s hedge fund trian discloses plans for possible sale earlier this week trian fund management nominated peltz for the walt disney co dis board the hedge fund owns approximately 94 million common shares of walt disney valued at approximately 900 million

shares of home depot inc hd inched 100 higher to 29149 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 014 to 399201 and the dow jones industrial average djia falling 018 to 3279840 the stocks rise snapped a twoday losing streak home depot inc closed 5576 below its 52week high 34725 which the company achieved on december 13th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as amazoncom inc amzn rose 040 to 9392 walmart inc wmt fell 083 to 13810 and lowes cos low rose 189 to 20114 trading volume 46 m eclipsed its 50day average volume of 34 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

in 2015 blackstone inc bought a 50 stake in this manhattan office tower at 1330 avenue of the americas in a deal valuing the building at 507 million cheap debt fueled a decadelong boom in us office values offsetting the impact of years of rent increases that didn’t keep pace with inflation now that the long period of easy credit is over officebuilding owners are bracing to see how much less their properties are actually worth

london stocks seen opening lower focus on us jobs data 0748 gmt the ftse 100 index is expected to open around 108 points lower according to ig having closed on thursday at 787998 as investors await us nonfarm payrolls data at 1330 gmt and following steep falls in us stocks led by banks strong jobs data suggesting that januarys very strong reading wasnt an aberration would raise concerns about the prospect of further rate rises by the us federal reserve falls in us banking stocks due to concerns about trouble at silicon valley bank have added to equitymarket jitters with bank stocks plunging in the us yesterday and then in asia overnight overall sentiment is suddenly much more fragile analysts at ig say in a note jessicafleethamwsjcom berkeley group holdings plc said friday that it is trading resiliently and expects to deliver a fiscal 2023 pretax profit in line with guidance cora gold raises 198 mln for development of sanankoro gold project in mali cora gold ltd said friday that it has raised 198 million through an equity fundraising and convertible loan notes with proceeds directed toward developing its flagship sanankoro gold project in mali cenkos securities plc on friday said that it swung to a pretax loss in 2022 due to low levels of activity on the aim equity market but that it is well placed as markets begin to recover bonhill group gets new offer proposal for investmentnews bonhill group plc said friday that it has received a new proposal from another us media buyer for investmentnews llc and that the exclusivity period has ended with the previously announced potential buyer after it lowered its price materially hostmore plc said friday that it no longer expects to publish its 2022 results next thursday as it is currently in discussions with its lending banks to amend its existing facilities firstgroup plc said friday that adjusted operating profit and adjusted attributable profit for fiscal 2023 will be ahead of the boards previous expectations robert walters plc said friday that it made a record pretax profit in 2022 on higher revenue despite a tough economic backdrop and that its chief executive is stepping down versarien plc said friday that neill ricketts has resigned as chief executive officer sabien technology group plc said friday that the value of its orders almost doubled compared with the previous year and it expects most of it to be recognized as revenue during fiscal 2023 sigmaroc says it is trading in line with views sigmaroc plc on friday said it continues to trade in line with expectations as it benefits from its european and endmarket spread and gains from productivity improvements across its regional platforms haydale graphene industries plc said friday that chief financial officer mark chapman will step down with the date yet to be confirmed fbd holdings plc said friday that 2022 pretax profit fell as higher interest rates weighed on investment return and proposed a stable dividend payout uk services inflation likely to ease on lower energy prices 0557 gmt the uk services inflation is expected to ease rapidly as energy prices a big driver of services inflation decline says james smith ing developed markets economist in a webinar when gas prices were high companies said gas is the biggest factor behind services sector price rises smith says now that gas prices are lower that takes some pressure off the services sector to keep raising prices he says nonetheless uk core inflation is expected to remain elevated and as a result a rate cut from the bank of england is unlikely in the next 12 months smith adds miriammukuruwsjcom

shares of weyerhaeuser co wy advanced 225 to 3132 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 175 to 384928 and the dow jones industrial average djia rising 105 to 3322080 the stocks rise snapped a twoday losing streak weyerhaeuser co closed 1172 below its 52week high 4304 which the company reached on february 9th trading volume 18 m remained 17 million 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 bce inc bce inched 011 higher to c6191 tuesday in what proved to be an otherwise allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 001 to 2062955 bce inc closed c1218 below its 52week high c7409 which the company reached on april 20th trading volume of 19 m shares remained below its 50day average volume of 28 m

as china grapples with the debt troubles in its property market a slowing economy and attempts to reshape its economy and focus more on social good over profitability a slew of us companies may feel some pain china’s property and technology companies have felt the brunt of the pain so far amid the debt crisis of china evergrande group one of the country’s largest property developers and the regulatory onslaught targeted at china’s internet giants president xi jinping continues to tighten control over the economy with

roku reported betterthanexpected firstquarter results but warned discretionary spending will continue to be hurt by inflation and recession fears this year painting a mixed picture that left the stock wobbling in late trading roku reported a net loss of 193 million or 138 a share from sales of 741 million analysts polled by factset were expecting a loss of 147 a share and sales of 708 million

caracas jan 10 reuters venezuela has ramped up gasoline output at its refineries after longrunning shortages of motor fuel owing to equipment outages and lack of maintenance people familiar with the matter said lifting production to almost 160000 barrels per day bpd staterun oil company pdvsa has received help from iran to repair and replace equipment at ageing plants in recent years it has also revamped processing to handle a more diverse slate of crude grades to produce more gasoline and diesel pdvsa refineries this week are producing almost 160000 bpd of gasoline for the domestic market almost double the 82000 bpd they produced in december the sources said pdvsa also is producing about 38000 bpd of diesel it is unclear how long the higher output will last because many plants need to be replaced the sources said not all processing units are operating simultaneously which could limit the variety and quality of fuels produced pdvsa did not immediately reply to a request for comment venezuela has struggled with gasoline and diesel shortages that led to long queues and rationing though the situation has improved since 2020 thanks to imports of iranian gasoline read more pdvsas smallest refinery the 146000 bpd el palito resumed gasoline production last weekend after 12 months of paralysis workers had managed to restore partial service from the facilitys crude distillation unit a fluid catalytic cracker fcc and an alkylation unit four people said the fcc is working at 40 there are some problems there though the humid gas compressor has not been able to restart one of the workers said at pdvsas largest refinery the 645000 bpd amuay on the west coast the fcc has processed 64000 bpd this month after restarting in december adding capacity to two operational 65000 bpd crude distillation and several olefin units two of the workers said in neighboring cardon workers also brought the fcc back into service but a catalyst must arrive before the unit can be fully operational one of the facilitys distillation units a reformer and coking and hydrodesulfurization plants are operative the workers said the reformer is needed to produce naphtha for gasoline the 187000 bpd puerto la cruz refinery in eastern venezuela also has stabilized fuel output in recent weeks at about 33000 bpd one source said reporting by mircely guanipa in maracay tibisay romero in valencia and deisy buitrago in caracas additional reporting and writing by marianna parraga in houston editing by david goodman

shares of kinder morgan inc kmi inched 092 higher to 1748 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 053 to 401232 and the dow jones industrial average djia rising 033 to 3315391 the stocks rise snapped a sixday losing streak kinder morgan inc closed 272 short of its 52week high 2020 which the company achieved on june 8th trading volume 111 m remained 17 million below its 50day average volume of 129 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

jan 13 welcome to the home for realtime coverage of markets brought to you by reuters reporters you can share your thoughts with us at marketsresearchthomsonreuterscom when wall street rebounded this week after last weeks weakness strategists and money managers pointed to a boost from retail investors who decided to buy the dip peng cheng who works on global quantative and derivatives strategy at jpmorgan put out some numbers behind the story in a research note released this past week saw the strongest retail order imbalance in cash equities on record totaling 59 billion cheng wrote late wednesday the 17 billion inflow on tuesday was the highest singleday observation in history with 65 of the buying focused on exchange traded funds etfs interest in sp 500 etfs was particularly noticable he added and while growth sectors have had a comeback this week cheng said a number of value etfs were in the top 10 names bought by retail investors these included the energy select sector spdr fund the financial select sector spdr fund and the vanguard value index fun besides longtime retail favorites such as tesla tslao which saw 193 million in inflows financials had a strong run with bank of america bacn bringing in 131 million and citi cntaking 74 million in energy chevron cvxn saw a strong 92 million inflow still its worth noting that retail volume is a relatively small part of the market overall according to cheng retail market orders for large cap stocks was 83 of the market last week compared with 116 for small cap stocks while largecap volumes are roughly in line with activity at the same time last year smallcap volumes are 2 lower he said ppi jobless claims tell a tale of two waves omicron and inflation 1030 est1530 gmt a data duet released on thursday provided another glimmer of hope that the inflation wave has crested and supply chains are rightsizing even if swelling omicron infections are leading to longer unemployment lines the prices us companies get for their goods at the factory door usppfdeci grew at a decelerated pace in december with the headline final demand print showing a monthly gain of 02 comfortably lower than the 04 consensus read more on an annual basis ppi shed 01 percentage point to a stillwhitehot 97 the slowdown adds to slowly gathering evidence notably pmi data that the hobbled global supply chain is gradually finding its legs socalled core ppi which strips out volatile food energy and trade services cooled down as well rising 04 compared with novembers 08 gain yearonyear while core ppi growth didnt budge from 69 it remains hotter than consumer gauges cpi pce which suggests companies arent quite done passing price increases along to the consumer persistent supply disruptions will pin producer prices near record levels in the near term especially given a rapidly spreading omicron variant that will fan inflation pressures writes mahir rasheed us economist at oxford economics the ppi data adds to growing evidence that the fed will commence rate lift off in march and undergo balance sheet reduction midyear indeed as evidenced by last weeks fomc policy meeting minutes and federal reserve chairman jerome powells words before congress this week the central bank has removed its gloves and called out inflation with at least three interest rate hikes now in the cards this year read more the graphic below shows core ppi and other indicators all of which continue to sail well above the feds average annual 2 inflation target the number of us workers filling out firsttime applications for unemployment benefits usjobeci unexpectedly rose last week to 230000 defying the slight decline to an even 200000 economists predicted read more it was the highest reading in two months and sits comfortably within the range associated with healthy labor market churn but healthy churn unfortunately is not the likely culprit as rise probably reflects surging infections of the omicron covid variant rather than increased willingness on the part of employers to hand out pink slips amid the ongoing worker drought we expect some noise in the data owing to a surge in virus cases which may push up claims temporarily says rubeela farooqi chief us economist at high frequency economics beyond weekly moves filings will likely remain low given businesses will be reluctant to reduce their workforce amid a labor shortage continuing claims usjobneci reported on a oneweek lag provided the bigger surprise dropping to 1559 million and dipping below the 17 million level for the first time since midmarch 2020 when mandated lockdowns to contain the pandemic sent the economy into a tailspin the jobless claims data jibes well with the labor departments december employment report which showed the newly unemployeds slice of the total jobless pie increasing while the share of longterm unemployed is shrinking wall street initially greeted the data warmly opening solidly in green territory but slipping into reverse as the session got under way at last glance the dow was the sole gainer among the major us stock indexes while cyclicals and economically sensitive chips sox transports djt and small caps spcy were having a good day a major policy error may be in the works as the federal reserve prepares to raise interest rates with consumer confidence in sharp decline observes joe lavorgna chief economist for the americas at natixis in new york consumer confidence in the past 40 years has never been as depressed as it is now before a looming rate hike lavorgna says a sharp slowdown is in the offing because last years econmic boom was largely due to fiscal stimulus he says unlike the time prior to past rate hikes consumer confidence is on the wane instead of rising in fact the fed has never increased rates with confidence so low lavorngna said in a note in march 1983 when the fed nudged the federal funds rate higher the university of michigans consumer sentiment index was at 808 had risen 15 points from seven months earlier he said in january 1987 a rate liftoff began with the sentiment index at 904 after cutting rates following the stock market crash in october 1987 the fed raised rates in march 1988 with confidence at 946 and it was about the same in 1994 when rates were hiked and confidence was 932 lavorgna said confidence was 1073 when a hiking cycle began in june 1999 and at the beginning of the last two hiking cycles in june 2004 and december 2015 the index was at 956 and 926 respectfully the average starting value for consumer confidence over the past eight cycles was 943 with the trend moving higher the final december reading was 706 todays low and falling level of confidence hints of a policy error if the fed acts so soon lavorgna warned us stock index futures are higher early on thursday with the sp 500 eminis up about 03 after the latest batch of economic data including a report showing us producer price inflation slowed in december it showed other hopeful signs that inflation has probably peaked read more equity investors have been concerned about inflation with minutes from the federal reserves december meeting released last week signaling the central bank may have to raise rates sooner than some had expected to curb inflation the morning data also included a labor department report showing that the number of americans filing new claims for unemployment benefits unexpectedly rose in the first week of january amid raging covid19 infections the number remained at a level consistent with rapidly tightening labor market conditions however wall street ended higher on wednesday as us consumer prices data roughly met economists expectations easing some investor anxiety about inflation friday brings earnings reports from some of wall streets biggest banks including jpmorgan chase jpmn to kick off the quarterly reporting period for us companies here is the us premarket snapshot for thursdays live markets posts prior to 0900 est1400 gmt click here read more

cathie wood the wildly successful money manager known for making a huge bet on tesla weighed in on her support for bitcoin explained why her ark invest firm has sold nearly all the chinese stocks it previously owned and talked about what her firm is buying now during an appearance on a panel thursday here’s what wood—who appeared on forbes’ list of america’s richest selfmade women in august with an estimated net worth of 400 million—told the panel moderated by angel investor and entrepreneur jason calacanis at premoney a conference put on by investing firm 500 global in miami beach florida in september wood predicted that the value of bitcoin would rise to 500000 in five years she remains a staunch supporter of bitcoin despite some in the crypto world losing their affinity for it “there’s a sense that the web3 world is evolving away from bitcoin and ether into cheaper faster” cryptocurrencies she said “but they forget that the more features and the more centralization you have … you’re talking about recreating visa” that is recreating an old structure in a new form wood said she’d been “hearing that bitcoin is so yesterday i think that’s a big mistake look at what’s going on in el salvador” calacanis asked in response “you believe that dictator you don’t think he’s a bad actor” wood replied that they’re “giving 30 in each chivo account the digital wallets created for each citizen in el salvador pre chivo only 12 million people had bank accounts now 3 million out of 4 million eligible people in el salvador have banking services” calacanis followed up “most tech doesn’t last more than a decade why would bitcoin last any longer than that” wood answered “this is the most secure blockchain technology out there what’s going on right now would have been nobel prize winning economist robert mundell’s dream to introduce a global monetary system not under anyone’s control” wood explained that she studied under supply side guru arthur laffer – an economist famous for the laffer curve—who was influenced by mundell she elaborated “look at turkey the turkish people have lost half their purchasing power since february wouldn’t it be nice to have a little bitcoin” the topic turned to china and the moves the chinese government has made thisck year regarding digital assets—banning cryptocurrency exchanges and outlawing the mining of cryptocurrency wood said her firm had owned shares of chinese ecommerce giant alibaba but had sold them along with other chinese stocks “we own very very few stocks there in china because they’re unpredictable they are grappling with what most governments are grappling with the gap between rich and poor” wood added that 75 of consumer savings in china is held in real estate and real estate values are starting to fall her analysis that the chinese government is willing to risk the decline in real estate values in order to address the wealth gap calacanis put it this way “i think the mad king is circling his wagons because he feels threatened i’m talking about xi jinping” wood’s response “i think it’s to the benefit of the us if china isolates itself they are less likely to become the global superpower” what wood is buying now wood said ark has been buying robinhood–a stock that has fallen nearly 40 since its ipo in july—but didn’t elaborate on why also “we’re looking for the digital wallet coinbase square’s cashapp paypal’s venmo less so” she said “most analysts are focused on banks which we think are being hollowed out … by defi and digital wallets” so she’s staying away from traditional banks two other stocks she’s buying video communications tool zoom and cloud communications company twilio both part of a new wave of telecom tools “what i don’t think people recognize is that we have not had a refresh cycle in telecom in 30 years she explained “i’m thinking about cisco and the old telecom stack” covid she said has inspired a new crop of options calacanis asked about electric automakers possibly rivian though he didn’t specify saying “speaking of fraud should a company that’s sold zero cars be worth 150 billion” wood’s answer “investing is about the future it’s not fraud it’s perhaps misvaluation i don’t call that fraud at all” regarding the crop of publiclytraded electric automakers with little to no revenues wood said “we called out nikola we knew what he former chairman trevor milton was saying was wrong we knew that there was trouble” in july milton was charged with securities fraud by the us attorney’s office in manhattan he pleaded not guilty wood also mentioned rivian and lucid saying ark doesn’t own either stock why “they are going after niche markets” she said ark has spoken to both companies about autonomous driving which they’re not focused on wood’s take without autonomous drivers neither can scale—though rivian may be helped by its ties to amazon which owns a chunk of the company and has pledged to switch to electric delivery vehicles her bearish take isn’t exactly surprising given the big bet she’s made on those companies’ biggest competitor wood pointed out that ark discloses its holdings at the end of each day and has done so since 2014 its single largest holding by far tesla where ark is sitting on a 24 billion stake

shares of suncor energy inc su rose 129 to c3936 tuesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 025 to 2020487 suncor energy inc closed c1101 below its 52week high c5037 which the company achieved on november 4th trading volume of 16 m shares remained below its 50day average volume of 115 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

something big shifted in the market following thursday’s us consumerprice index report according to george saravelos global head of currency research at deutsche bank based on moves in us stocks spx and the us dollar eurusd which finally achieved parity with the euro on thursday saravelos said in a note to clients on thursday that markets are now pricing in 100 odds that the us economy will slide into a recession before the end of the year using the peak in the fed funds futures curve as a proxy for recession expectations saravelos pointed out that the market’s views on the timing of the start of the next recession have shifted substantially since february when investors were bracing for a recession to arrive in december 2024 as of thursday this had shifted to january 2023 according to saravelos this shift is an indication that recession risk has supplanted inflation as the most important factor driving markets given this there are a few factors investors should keep in mind be wary of the labor market weakening demand coupled with robust labor markets is a recipe for collapsing productivity and profit margins saravelos said this could be especially negative for risk assets but a turn in the labor market will be needed before the federal reserve and other global central banks can start the transition back to cutting interest rates keep an eye out for bubbles the longer central banks maintain tight monetary policy the greater the risk of leverage unwinds scandinavia is particularly exposed to leverage saravelos said beware history the market is pricing the start of an aggressive easing cycle from the fed next year which makes sense given that over the last three decades central banks pivoted as soon as economic growth started to slow however it has been a long time since there’s been an inflation problem saravelos notes that during the 1970s when inflation persisted for roughly a decade the us pricetoearnings ratio declined from 20 to 7 as of thursday the forward pricetoearnings ratio for the sp 500 stood at roughly 1601 according to factset data fed funds futures are anticipating the first fed rate cut to arrive next summer of course so long as inflation persists the fed will likely keep monetary policy tight unless a dramatic economic slowdown forces the central bank to capitulate

match group shares sagged after the online dating platform reported surging revenue tuesday during the pandemic but still managed to disappoint investors many investors would be tickled to see their company grow 24 in the latest quarter shareholders of match had their hearts set on sensational numbers so when the online dating platform reported a hair less than the 25 rise in december quarter revenue forecast by wall street’s consensus investors sold its shares

jpmorgan chase has reportedly severed ties with kanye west and his apparel brand yeezy inc amid a series of recent controversies surrounding the rapper’s antisemitic comments and his increasing embrace of rightwing figures on wednesday evening rightwing commentator candace owens tweeted the rapper had been “kicked out” by jpmorgan without any official reason along with a screenshot of a purported letter from the bank the letter informs the rapper that jpmorgan is ending its “banking relationship” with the rapper and informs him he has until november 21 to find a new bank the new york times’ dealbook newsletter confirmed owens’ claim on thursday west has been critical of several of his business partners recently including jpmorgan ceo jamie dimon and other senior executives bill grous and jing ulrich in a recent instagram post west claimed there has been a “lot of controlling and handling to suppress my ability to affect the american economy and industry”

the past week offered a tale of two markets with gains for the dow jones industrial average putting the bluechip gauge on track for its best october on record while big tech heavyweights suffered a shellacking that had market veterans recalling the dotcom bust in the early 2000s “you have a tug of war” said dan suzuki deputy chief investment officer at richard bernstein advisors llc rba in a phone interview for the technology sector particularly the megacap names earnings were a major drag on performance for everything else the market was shortterm oversold at the same time optimism was building over expectations the federal reserve and other major global central banks will be less aggressive in tightening monetary policy in the future he said read market expectations start to shift in direction of slower pace of rate hikes by fed what’s telling is that the interestrate sensitive tech sector would usually be expected to benefit from a moderation of expectations for tighter monetary policy said suzuki who contends that tech stocks are likely in for a long period of underperformance versus their peers after leading the market higher over the last 12 years a performance capped by soaring gains following the onset of covid19 pandemic in 2020 rba has been arguing that there was “a major bubble within major portions of the equity market for over a year now” suzuki said “we think this is the process of the bubble deflating and we think there’s probably further to go” the dow djia surged nearly 830 points or 26 on friday to end at a twomonth high and log a weekly gain of more than 5 the bluechip gauge’s october gain was 144 through friday which would mark its strongest monthly gain since january 1976 and its biggest october rise on record if it holds through monday’s close according to dow jones market data while it was a tough week for many of big tech’s biggest beasts the techheavy nasdaq composite comp and techrelated sectors bounced sharply on friday the techheavy nasdaq swung to a weekly gain of more than 2 while the sp 500 spx rose nearly 4 for the week big tech companies lost more than 255 billion in market capitalization in the past week apple inc aapl escaped the carnage rallying friday as investors appeared okay with a mixed earnings report a parade of disappointing earnings sank shares of facebook parent meta platforms inc meta google parent alphabet inc goog googl amazoncom inc amzn and microsoft msft together the five companies have lost a combined 3 trillion in market capitalization this year according to dow jones market data aggressive interest rate increases by the fed and other major central banks have punished tech and other growth stocks the most this year as their value is based on expectations for earnings and cash flow far into the future the accompanying rise in yields on treasurys which are viewed as riskfree raises the opportunity cost of holding riskier assets like stocks and the further out those expected earnings stretch the bigger the hit excessive liquidity a key ingredient in any bubble has also contributed to tech weakness said rba’s suzuki and now investors see an emerging risk to big tech earnings from an overall slowdown in economic growth suzuki said “a lot of people have the notion that these are secular growth stocks and therefore immune to the ups and downs of the overall economy that’s not empirically true at all if you look at the history of profits for these stocks” he said tech’s outperformance during the covidinspired recession may have given investors a false impression with the sector benefiting from unique circumstances that saw households and businesses become more reliant on technology at a time when incomes were surging due to fiscal stimulus from the government in a typical slowdown tech profits tend to be very economically sensitive he said the fed’s policy meeting will be the main event in the week ahead while investors and economists overwhelmingly expect policy makers to deliver another supersize 75 basis point or 075 percentage point rate increase when the twoday gathering ends on wednesday expectations are mounting for chairman jerome powell to indicate a smaller december may be on the table however all three major indexes remain in bear markets so the question for investors is whether the bounce this week will survive if powell fails to signal a downshift in expectations for rate rises next week see another fed jumbo rate hike is expected next week and then life gets difficult for powell those expectations helped power the dow’s big gains over the past week alongside solid earnings from a number of components including global economic bellwether caterpillar inc cat overall the dow benefited because it’s “very techlight and it’s very heavy in energy and industrials and those have been the winners” art hogan chief market strategist at b riley wealth management told marketwatch’s joseph adinolfi on friday “the dow just has more of the winners embedded in it and that has been the secret to its success” meanwhile the outperformance of the invesco sp 500 equal weight etf rsp up 55 over the week versus the marketcapweighted spdr sp 500 etf trust spy underscored that while tech may be vulnerable to more declines “traditional parts of the economy including sectors that trade at a lower valuation are proving resilient since the broad markets bounced nearly two weeks ago” said tom essaye founder of sevens report research in a friday note “stepping back this market and the economy more broadly are starting to remind me of the 20002002 setup where extreme tech weakness weighed on the major indices but more traditional parts of the market and the economy performed better” he wrote suzuki said investors should remember that “bear markets always signal a change of leadership” and that means tech won’t be taking the reins when the next bull market begins “you can’t debate that we’ve already got a signal and the signal is telling up that next cycle not going to look anything like the last 12 years” he said

shares of healthpeak properties inc peak inched 099 higher to 1947 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 130 to 420545 and the dow jones industrial average djia rising 100 to 3309334 healthpeak properties inc closed 1063 short of its 52week high 3010 which the company reached on may 27th the stock outperformed some of its competitors friday as alexandria real estate equities inc are rose 049 to 11177 ventas inc vtr rose 016 to 4288 and boston properties inc bxp rose 029 to 4774 trading volume 40 m remained 491464 below its 50day average volume of 45 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 invesco mortgage capital inc ivr advanced 335 to 185 tuesday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 022 to 1256376 and the dow jones industrial average djia rising 020 to 3312879 this was the stocks second consecutive day of gains invesco mortgage capital inc closed 275 below its 52week high 460 which the company achieved on june 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as annaly capital management inc nly rose 200 to 664 agnc investment corp agnc rose 705 to 1199 and starwood property trust inc stwd rose 298 to 2351 trading volume 39 m remained 17 million below its 50day average volume of 56 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 roper technologies inc rop slipped 019 to 44387 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 010 to 3442988 and the sp 500 index spx falling 012 to 407170 the stocks fall snapped a threeday winning streak roper technologies inc closed 5045 short of its 52week high 49432 which the company achieved on december 29th the stock demonstrated a mixed performance when compared to some of its competitors friday as honeywell international inc hon rose 078 to 21908 autodesk inc adsk fell 281 to 20111 and agilent technologies inc a fell 029 to 15567 trading volume 292916 remained 302289 below its 50day average volume of 595205 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 gamestop corp cl a gme rose 233 to 18948 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 021 to 3486937 and the sp 500 index spx falling 028 to 444311 gamestop corp cl a closed 29352 short of its 52week high 48300 which the company achieved on january 28th the stock demonstrated a mixed performance when compared to some of its competitors monday as apple inc aapl fell 105 to 14537 att inc t rose 100 to 2740 and best buy co inc bby rose 519 to 11018 trading volume 15 m remained 17 million 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

berlin— volkswagen said monday that it would list its iconic sports car maker porsche in one of the biggest initial public offerings in years and a crucial test of investors’ confidence as high inflation and the war in ukraine put a damper on the global economy the offering could value porsche at as much as 85 billion euros 84 billion according to analyst estimates injecting fresh cash into vw’s coffers that executives say will help the company bankroll its transition to electric vehicles and selfdriving cars

shares of shopify inc cl a shop shed 391 to c3954 friday in what proved to be an otherwise allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 067 to 1927085 this was the stocks second consecutive day of losses shopify inc cl a closed c18333 short of its 52week high c22287 which the company reached on november 19th trading volume of 41 m shares eclipsed 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 idexx laboratories inc idxx slumped 073 to 50408 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 053 to 447803 and dow jones industrial average djia falling 043 to 3506562 this was the stocks fourth consecutive day of losses idexx laboratories inc closed 6066 below its 52week high 56474 which the company achieved on july 27th the stock demonstrated a mixed performance when compared to some of its competitors friday as johnson johnson jnj fell 094 to 16904 medtronic plc mdt fell 053 to 8404 and boston scientific corp bsx fell 031 to 5072 trading volume 427657 remained 54163 below its 50day average volume of 481820 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 strength of the us consumer is a point of focus for jpmorgan chase as it eyes continued economic uncertainty jpmorgan chase co on friday reported a doubledigit percentage gain in outstanding credit card balances as not a sign of trouble but an indicator of normal trends returning as the effects of the covid19 pandemic continue to fade jpmorgan chase jpm executives summed up the state of consumer credit quality as normalization not deterioration although a mix of factors continue to cloud their economic outlook as part of the banks strongerthanexpected secondquarter results the comment reflects that the ability of the banks customers continue to pay back their debts at expected levels and that credit quality is not getting any worse at the moment as a window into us consumer activity jpmorgan chases jumbosized credit card business and auto unit booked a 5 increase in revenue to 529 billion with a boost from high card services net interest income higher revolving balances and offset by lower auto leasing card outstandings rose 18 as a result of revolved normalization as well as new account growth autoloan originations were up 71 to 12 billion for now consumers are slowly using up their cash buffers core inflation has been stubbornly high increasing the risk that interest rates go higher and stay higher for longer ceo jamie dimon said in a statement quantitative tightening by the us federal reserve remains another uncertainty given that such as effort of this scale has never occurred dimon said at the same time fiscal deficits are large and the war in ukraine continues which presents not only a humanitarian crisis but also has large potential effectson geopolitics and the global economy he said still the us consumer continues to surprise on the upside cfo jeremy barnum said on a conference call with analysts all told net chargeoffs which reflect the difference between gross chargeoffs and any recoveries of delinquent debt rose 640 million to 13 billion with contributions from card services and changes in macroeconomic factors as 30plus day delinquencies have returned to prepandemic levels as expected the bank said auto loan originations rose 71 to 12 billion as competitors moved away from the space and inventories continue to slowly recover the bank said wells fargo co wfc issued similar comments on their chargeoffs for credit cards net chargeoffs have continued to increase from historical low levels but overall credit quality was strong and consumer and business balance sheets remain healthy the bank said on its conference call with analysts also read svb to sell investment bank five years after it bought the unit for less than half the price 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

peloton interactive inc shares pton were tumbling 19 in premarket trading thursday after the maker of connected fitness equipment saw its losses narrow but forecast significantly lower revenue for the holiday quarter than analysts had anticipated the company reported a fiscal firstquarter net loss of 409 million or 120 a share compared with a loss of 3760 million or 125 a share in the yearprior quarter the factset consensus was for a 67cent loss per share peloton also posted a loss on the basis of adjusted earnings before interest taxes depreciation and amortization ebitda of 334 million compared with 2337 million a year before the factset consensus was for a 112 million ebitda loss revenue declined to 617 million from 805 million while analysts had been anticipating 637 million for the fiscal second quarter executives anticipate 700 million to 725 million in revenue while the factset consensus was for 866 million pelotons leadership is also targeting a loss on the basis of adjusted ebitda of 110 million to 115 million analysts were modeling a 108 million loss on the nongaap metric shares of peloton have lost 76 so far this year as the sp 500 spx has declined 21

the stream is slated to start at 0830 am et please refresh the page if you do not see a player above at that time bank of england governor andrew bailey is speaking at a press conference following the uk central banks latest monetary policy decision

shares of mckesson corp mck rallied 153 to 34625 friday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 072 to 387333 and dow jones industrial average djia falling 045 to 3082242 the stocks rise snapped a fiveday losing streak mckesson corp closed 2898 below its 52week high 37523 which the company achieved on august 16th 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

south korean shares seesawed between gains and losses on tuesday as investors continued to gauge their positions ahead of lg energy solutions 108 billion initial public offering and the us federal reserve policy meeting later this month the korean won strengthened while the benchmark bond yield fell by 0144 gmt the benchmark kospi ks11 rose 039 points or 001 to 289049 after it traded in the range of 288088 to 290279 among heavyweights chip giants samsung electronics 005930ks and sk hynix 000660ks fell 013 and 079 respectively while samsung sdi 006400ks gained 515 battery maker lg energy solutions lges public subscription for retail investors takes place on tuesday and wednesday after institutional investors placed bids valuing at record 128 trillion read more us treasury yields continued to gain with the short end of the curve hitting new pandemic highs as expectations of hawkish stance at the feds upcoming meeting strengthened on the main board retail and foreign investors sold net 1092 billion won 9202 million worth of shares offsetting net buying of 1104 billion won worth shares by institutional investors the won was quoted at 11879 per dollar on the onshore settlement platform up 040 in offshore trading the won was quoted at 11863 per dollar up 03 while in nondeliverable forward trading its onemonth contract was quoted at 11867 in money and debt markets march futures on threeyear treasury bonds rose 006 point to 10804 the most liquid 3year korean treasury bond yield fell by 17 basis points to 2131 while the benchmark 10year yield fell by 10 basis point to 2558

the fastpaced program is the quintessential market close show leading up to the final minutes and seconds before the closing bell on wall street with the latest news data and expert analysis

shares of dte energy co dte inched 058 higher to 11923 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 011 to 3324156 and the sp 500 index spx falling 040 to 382925 this was the stocks second consecutive day of gains dte energy co closed 2100 below its 52week high 14023 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nextera energy inc nee fell 020 to 8400 southern co so rose 074 to 7227 and dominion energy inc d rose 163 to 6178 trading volume 578558 remained 11 million 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

a vendor prepares a bag for a customer at a wholesale market amid the countrys economic crisis in colombo sri lanka april 13 2022 reutersdinuka liyanawatte london may 24 reuters rising borrowing costs and the global fallout of the russiaukraine war could see up to 10 of riskier junkrated emerging market countries suffer debt crises this year analysts at us investment bank jpmorgan have warned more acute balance of payment pressures and larger fiscal deficits are now compounding problems for heavilyindebted countries that import most of their energy and food nearly half of the country sample is classified as carrying high repayment risk in our assessment of these eight are at risk of reserve depletion by the end of 2023 signaling high default risks these are sri lanka maldives bahamas belize senegal rwanda grenada and ethiopia said the note led by strategist trang nguyen on tuesday a jump in global interest rates in response to fastrising inflation also means many are facing the reality of rising borrowing costs a departure from over a decade of socalled easy money accounting for risks of a potential default in russia and restructuring in ukrainethe em sovereign hy default rate could reach 10 this year when also considering sri lanka and ethiopia on the back of the common framework process the note added reporting by marc jones editing by jorgelina do rosario

shares of walt disney co dis inched 011 higher to 10622 monday on what proved to be an allaround poor 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 walt disney co closed 8136 below its 52week high 18758 which the company achieved on september 9th the stock demonstrated a mixed performance when compared to some of its competitors monday as comcast corp cl a cmcsa fell 003 to 3751 and sony group corp adr sony rose 081 to 8608 trading volume 77 m remained 35 million below its 50day average volume of 112 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 norwegian cruise line holdings ltd nclh advanced 232 to 2077 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 023 to 3552012 and the sp 500 index spx falling 002 to 456675 norwegian cruise line holdings ltd closed 198 below its 52week high 2275 which the company achieved on july 12th the stock outperformed some of its competitors wednesday as walt disney co dis rose 027 to 8586 and carnival corp ccl rose 115 to 1765 trading volume 110 m remained 33 million below its 50day average volume of 144 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 icici bank ltd 532174 inched up 027 to 94665 indian rupees tuesday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 066 to 6193247 icici bank ltd closed 1135 rupees below its 52week high 95800 rupees which the company reached on november 30 the stock demonstrated a mixed performance when compared to some of its competitors tuesday as indusind bank ltd indusindbk rose 006 to 122030 rupees and state bank of india sbin rose 076 to 58630 rupees trading volume 149152 remained 69465 below its 50day average volume of 218617 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 legal general group plc lgen inched up 096 to £230 tuesday on what proved to be an allaround grim trading session for the stock market with the ftse 100 index ukx falling 138 to 752207 legal general group plc closed 8083 pence short of its 52week high £311 which the company reached on march 8 trading volume 83 m remained 135 million below its 50day average volume of 218 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

the manitowoc co inc said tuesday it was withdrawing from the conexpoconagg 2023 trade show citing inflation president and chief executive aaron ravenscroft said over the last 18 months manitowoc has taken a multitude of actions to manage inflation due to the several price increases that weve passed on to our customers we do not believe its appropriate to invest in a second large tradeshow at this time mr ravenscroft said the company is planning to host a crane days event at its shady grove pennsylvania location as an alternative to conexpo

shares of alaska air group inc alk inched 053 higher to 5262 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 186 to 438654 and the dow jones industrial average djia rising 179 to 3389135 the stocks rise snapped a twoday losing streak alaska air group inc closed 2163 below its 52week high 7425 which the company reached on april 7th the stock underperformed when compared to some of its competitors wednesday as southwest airlines co luv rose 088 to 4232 delta air lines inc dal rose 106 to 3804 and united airlines holdings inc ual rose 136 to 4242 trading volume 20 m remained 39385 below its 50day average volume of 20 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

the news that regulators have found a buyer for much of silicon valley bank may bring some relief for battered financials but it’s still too early to presume that jitters are over traders are still on the lookout for weak links as friday’s rout of germany’s deutsche bank shares showed there were signs of recovery monday though not necessarily a return of confidence who’s to say what might trigger another selloff

ecolab inc forecast secondquarter operating earnings approaching yearearlier levels and growth in 2022 profit as it manages the effect of surging rawmaterial and energy costs by increasing prices and passing on an energy surcharge to customers the st paul minn provider of water hygiene and infectionprevention products and services forecast secondquarter adjusted earnings approaching the 122 a share level from the prioryear period for the full year the company forecast adjusted earningsper share growth in the low teens based on the timing of the energy surcharge which it is currently rolling out the company said the temporary energy surcharge intended to offset the increase in energy costs due to war in ukraine would be up to 12 which it expects to develop progressively through the year the effects of the surcharge would become clearer as it exits the second quarter the company said while we expect the impact of substantial raw material and cost inflation to increase further in the second quarter and remain high for the balance of the year we are also very pleased with our progress on pricing and now expect it to be in the 6 to 7 range for the balance of the year said president and chief executive christophe beck

shares of sysco corp syy dropped 020 to 7616 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 020 to 3563068 and the sp 500 index spx falling 027 to 457673 sysco corp closed 1125 below its 52week high 8741 which the company reached on october 31st despite its losses the stock outperformed some of its competitors tuesday as amazoncom inc amzn fell 149 to 13169 walmart inc wmt fell 047 to 15911 and costco wholesale corp cost fell 093 to 55547 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