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tokyo aug 2 reuters the bank of japans decision last week to tweak its bond yield control policy was aimed at making its massive stimulus more sustainable not a prelude to an exit from ultralow interest rates its deputy governor shinichi uchida said on wednesday uchida also said there was still a long way to go before conditions fall in place for the boj to raise its shortterm interest rate target from the current 01 the central bank last week stunned markets by modifying its yield curve control ycc to allow longterm interest rates to rise more freely in line with increasing inflation with corporate pricesetting behaviour changing and inflation expectations showing signs of reaccelerating the boj made the tweaks to balance the cost and benefits of ycc uchida said every policy has its positive effects but it also always comes with costs there is no free lunch for any policy uchida said in a speech when inflation expectations rise not only the easing effects but also the side effects strengthen it is necessary to strike an optimum balance between the two he said given extremely high uncertainty over the economic and price outlook the bojs decision to make ycc more flexible was aimed at sustaining ultraloose policy uchida said needless to say we do not have an exit from monetary easing in mind

shares of technipfmc plc fti slipped 549 to 1154 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 the stocks fall snapped a fourday winning streak technipfmc plc closed 082 short of its 52week high 1236 which the company achieved on november 7th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nov inc nov fell 502 to 2253 and oil states international inc ois fell 736 to 655 trading volume 100 m eclipsed its 50day average volume of 87 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 best buy co inc bby sank 070 to 7924 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 010 to 382162 and the dow jones industrial average djia rising 028 to 3284974 best buy co inc closed 3372 short of its 52week high 11296 which the company achieved on march 3rd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as apple inc aapl fell 005 to 13230 amazoncom inc amzn rose 032 to 8519 and home depot inc hd fell 078 to 31484 trading volume 23 m remained 10 million below its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of tjx cos tjx rallied 469 to 6584 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 183 to 397987 and the dow jones industrial average djia rising 140 to 3158128 the stocks rise snapped a twoday losing streak tjx cos closed 1151 below its 52week high 7735 which the company reached on january 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as target corp tgt rose 441 to 17079 ross stores inc rost rose 625 to 9214 and gap inc gps rose 526 to 961 trading volume 47 m remained 769516 below its 50day average volume of 55 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 alkemy capital investments plc rose 20 on monday as the company started trading on the london stock exchange implying a market capitalization of 36 million pounds 49 million the company which was created to buy a business or controlling interest in the mining and technology metals sector said that it has raised gbp15 million as part of its ipo which will be used towards ongoing costs and expenses it said that the company doesnt have any specific acquisition under consideration at this time shares at 0814 gmt were up 01 pence at 06 pence

shares of cincinnati financial corp cinf rose 115 to 10686 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 048 to 396534 and the dow jones industrial average djia rising 059 to 3374569 the stocks rise snapped a fourday losing streak cincinnati financial corp closed 3636 below its 52week high 14322 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors friday as travelers cos inc trv rose 089 to 18456 erie indemnity co cl a erie rose 098 to 26798 and american financial group inc afg rose 137 to 14214 trading volume 401840 remained 484832 below its 50day average volume of 886672 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 companies that supply components for the 787 dreamliner could benefit from the faa’s reported approval of a boeing co process for validating fixes to each plane before they are shipped to customers the dow jones industrial average djia component has been wrestling with 787 production issues since 2020 but the approval could pave the way for boeing to resume dreamliner deliveries the associated press reports shares of boeing co ba which have fallen 157 in 2022 rose 65 in midday trading monday on friday the federal regulator notified boeing that it would approve the company’s process for validating fixes to each plane according to the associated press however it is not clear when deliveries could resume when approached for comment the faa directed marketwatch to boeing “we don’t comment on ongoing certifications” said an faa spokesperson see now boeing stock surges to lead the dow’s gainers after 787 deliveries could resume after hurdle cleared with faa “we will continue to work transparently with the faa and our customers toward resuming 787 deliveries” a boeing spokesperson told marketwatch the faa notes benchmark analyst josh sullivan will still need to inspect each 787 before delivery nonetheless the report sent shares of a number of 787related stocks climbing “we believe this news is a needed catalyst for the sector considering ba has only delivered 14 787s over the past two years” wrote truist securities analyst michael ciarmoli in a note to clients “supplier 787 revs have been running on fumes and we anticipate a gradual ramp in monthly production through the end of 2022 and into 2023 could provide a lift to industry financials” spirit aerosystems holdings inc spr hexcel corp hxl and howmet aerospace inc hwm are the most exposed 787 suppliers according to ciarmoli “the production and delivery restart should provide a lift to some of the largest 787 suppliers in our coverage including hxl approximately 12m of content hwm approximately 45m of content and spr approximately 910m of content” he wrote see now boeing sees rising demand for aviation jobs including more than 600000 pilots shares of hexcel which makes materials used in commercial aerospace the space and defense industries rose 13 on monday hexcel’s composite materials are used extensively on the 787 dreamliner according to the company shares of hexcel have risen 183 in 2022 shares of howmet aerospace which makes aluminum parts for aircraft rose 02 the company’s shares have risen 169 this year other stocks could also feel the impact of an fa dreamliner approval according to ciarmoli who notes that the aircraft is also “a significant platform” for albany international corp ain moog inc moga triumph group inc tgi and woodward inc wwd boeing has roughly 120 787’s in inventory which represents around 20 billion in value after discounts according to benchmark analyst josh sullivan separately the wall street journal reported last week that workers at three boeing defense manufacturing plants will vote wednesday on a labor contract proposal which temporarily delays a strike “the potential for a strike had loomed over ba as the defense unit already faced rising inflationary pressures” wrote benchmark’s sullivan who reiterated his buy rating on boeing “net net our buy thesis is centered on the gradual reversal of several years of selfinflicted wounds with the 787 manufacturing issues having been one of the largest barriers to free cash collection”

ds smith plc smds shares rose 155 to £294 wednesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 180 to 758820 ds smith plc closed 7520 pence short of its 52week high £369 which the company achieved on february 3 trading volume 22 m remained 20 million below its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the price is not right that’s the verdict from strategists at morgan stanley and goldman sachs who each warned as a new week kicked off that the stock market wasn’t fully pricing in a recession and that’s as us equities spx were off to a solid start as trading resumed after monday’s juneteenth holiday “with our view for lower multiples and earnings now more consensus the markets are more fairly priced however it does not price the risk of a recession in our view which is 1520 lower or roughly 3000” said mike wilson morgan stanley’s chief us equity strategist and one of most bearish voices on wall street this year in a note tuesday “the bear market will not be over until recession arrives or the risk of one is extinguished” read elon musk joins a chorus of wall street forecasters in predicting a us recession wilson sees much of wall street still assuming much higher pricetoearnings ratios for yearend sp 500 target prices his bank was “very out of consensus” coming into 2022 with a forecast for a 20plus fall in valuations they’re now down 28 yeartodate but morgan stanley ms analysts have kept dropping their valuation call as bond yields rise with the current 153 pe ratio incorporating an equity risk premium erp of 330 basis points too low in his opinion wilson would like to see the erp at 370 basis points which would leave the sp 500’s pe ratio falling to 14 times as long as bond yields tmubmusd10y and earnings estimates are stable erp represents the extra return investors expect on riskier stocks over riskfree bonds echoing some of wilson’s thoughts was goldman sachs’s chief global equity strategist peter oppenheimer who sees the market pricing in the risk of just a mild recession rather than an average or deep contraction he sees the current bear market as a cyclical one and a function of the economic cycle according to a goldman sachs gs research note tuesday “most bear markets end when economic conditions are still poor but there is a sense that they are no longer deteriorating at the same rate” oppenheimer told clients in the note “even if eventually yields do not rise a lot further it seems likely that the markets would at least price the risk that they will before we can see a genuine recovery” us financial conditions aren’t really that tight based on historical standards so either rates need to rise further or markets need to reprice risk which would serve as tightening anyway he said the sp 500 tends to lose onethird of its value on average around a recession according to rbc capital markets “the average drop has been 32” rbc analysts led by us equity strategy head lori calvasina said in a note tuesday “that kind of drop would take the sp 500 to 3262 this time around” the median peaktotrough decline for the sp 500 around a recession is 27 which would drag the sp 500 down to 3501 the note shows the us stock market was trading sharply higher around midday tuesday with the sp 500 up 22 at around 3757 according to factset data at last check the index has tumbled about 21 this year based on early afternoon trading tuesday “last week we were on the road speaking with investors in two different regions in the us” the rbc analysts said “most had moved away from debating whether a recession is coming and were thinking about when one would start how long it would last how deep it would go and conditions on the other side” the meetings were primarily with “longonly institutional investors that we’d consider to be longer duration and focused on fundamental stock pricing” according to their note several of the investors told rbc that they had already “trimmed around the edges and were sticking with higher quality names that they like for the long term” the analysts said “several also told us they were already sitting on cash balances that were much higher than usual”

shares in georg fischer fell thursday after the company reported lower firsthalf net profit and sales as a result of unfavorable exchange rates at 0847 gmt shares in the swiss manufacturing company were down 38 at chf6510 having tumbled more than 5 earlier from january to june georg fischer reported a drop in net profit to 123 million swiss francs 1433 million compared with chf125 million in the yearearlier period sales fell to chf196 million from chf197 million while operating income was up to chf184 million from chf179 million results were affected by currency headwinds and geopolitical tensions georg fischer said on an organic basis sales rose 75 it said analysts at baader helvea said that results were close to expectations and expect the headwind from economic sentiment and interest rates to persist in the next months for the year as a whole georg fischer estimates organic sales to grow and an operating profit margin between 9 and 11

anyone who woke up wednesday morning hoping it would be the day that they would get a taste of what the future holds for gamestop gme is going to bed disappointed and perhaps more anxious than they were just a few weeks ago the videogame retailerturnedmeme stock reported earnings after the bell on wednesday beating wall street’s revenue estimates but missing the consensus target on earnings the kind of result that demonstrated the company remains committed to leveraging its massively ballooned stock price by creating liquidity paying down its debt and holding cash to execute on the stillmysterious master plan of activist investorturnedcompany chairman ryan cohen but the result was also the perfect platform for cohen andor gamestop to finally give investors a clearer picture of what that plan entails after nine months of teasing them with a virtual feather what investors got was less than eight minutes of purposeful pabulum from newlyinstalled ceo matt furlong reiterating the company’s sec filing a mention of some unsecured french debt and a very polite “thanks for your interest in gamestop” cohen did not appear nor did chief financial officer mike recupero who joined the company in june no analyst asked a question and the closest that furlong got to giving forward guidance was a reference to how he had gotten to meet a bunch of gamestop employees who seem to be adjusting to how quickly the company is changing there was no mention of nfts selling gamestop stock on the blockchain nor any update on a muchrumored collaboration with fellow meme stock amc entertainment amc despite that company’s ceo adam aron pouring gas on that metaphorical fire mere minutes before gamestop announced its results in the aftermath of the nonevent things appeared to already be settling back into a familiar routine with gamestop shares selling off in afterhours trading by as much as 10 and retail investors on reddit already filling their side of the narrative with talk of “buying a dip” and speculating that cohen’s silence stemmed from an ongoing sec investigation into january’s short squeeze on meme stocks on reddit gamestop’s home turf users dug in hard to the narrative that the afterhours plummet was the work of shorts and that thursday would provide a new opportunity for them to “hodl” the stock they like the most “we have been wrong the whole time” quipped user drchaitin in a post on subreddit superstonk just after the earnings call “here we are doing hodl and buy when all this time it should have been buy and hodl lesson learned” echoing that sentiment of faux outrage over gamestop’s results and dull earnings call was unclefesterfrump who took a look at the company’s plummeting price and concluded “damm that is a tasty dip” on its side of the fence wall street doubled down on its thesis that cohen’s master plan looks a lot like no plan at all “what’s the definition of insanity” mused wedbush analyst michael pachter “doing the same thing over and over again and expecting a different result in this case it refers to both sides doing it every three months” but while outrage over cohen’s continued silence and an uneven quarter from gamestop was difficult to find on social media there were signs of growing ennui “did i expect this yes was i genuinely hoping for something different this time yes” opined reddit user yellowhairdontcare “i was hoping we might get thrown a bone guess not…”

coinbase global inc class a common stocks nasdaqcoin short percent of float has fallen 846 since last its last report the company recently reported that it has 363 million shares sold short which is 249 of all regular shares that are available for trading based on its trading volume it would take traders 07 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 coinbase global inc class a common stock 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 comparing coinbase global inc class a common stocks short interest against its peers 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 coinbase global inc class a common stocks peer group average for short interest as a percentage of float is 254 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

shares of aes corp aes dropped 007 to 2691 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 119 to 401981 and the dow jones industrial average djia rising 076 to 3362956 aes corp closed 298 below its 52week high 2989 which the company reached on december 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as nextera energy inc nee rose 104 to 8267 duke energy corp duk fell 082 to 10099 and dominion energy inc d rose 088 to 6297 trading volume 27 m remained 12 million below its 50day average volume of 39 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of inovio pharmaceuticals inc ino advanced 952 to 207 tuesday on what proved to be an allaround mixed trading session for the stock market with the nasdaq composite index comp rising 175 to 1132224 and the dow jones industrial average djia falling 042 to 3096782 this was the stocks second consecutive day of gains inovio pharmaceuticals inc closed 789 below its 52week high 996 which the company achieved on august 12th the stock outperformed some of its competitors tuesday as abbvie inc abbv rose 008 to 15393 amgen inc amgn rose 048 to 24673 and astrazeneca plc adr azn fell 067 to 6551 trading volume 80 m eclipsed its 50day average volume of 70 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

londontokyo march 20 reuters japans yen climbed on monday as investors reacted nervously to ubs cutprice takeover of its beleaguered rival credit suisse under the deal holders of 17 billion of credit suisse additional tier1 at1 bonds will be wiped out that angered some of the holders of the debt who thought they would be better protected than shareholders and unnerved investors in other banks at1 bonds the yen long seen as a safe haven at times of stress rallied as a fall in asian bank stocks overnight spread to europe on monday the dollar slid to its lowest since feb 10 at 13055 yen and was last down 066 at 13096 the immediate concern now is that at1 bonds were completely written down which is contrary to convention because equity holders are supposed to be higher risk than bondholders said alvin tan head of asia fx strategy at rbc capital markets thats disconcerting to a lot of people europes banking stocks index sx7p fell almost 6 in early trading but was last down 165 as nerves appeared to settle somewhat the euro was up 026 against the dollar at 1069 while the british pound was 032 higher at 1222 the dollar rose 022 against the swiss franc to 0928 as part of regulators efforts to shore up confidence in the global banking system central banks moved on sunday to bolster the flow of cash around the world the us federal reserve offered daily currency swaps to ensure banks in canada britain japan switzerland and the euro zone would have the dollars needed to operate echoing actions taken during the covid crisis of 2020 analysts said the sharp drop in us bond yields made the dollar less attractive and reduced its appeal as a safehaven asset the us dollar index which measures the currency against six major peers was down 026 at 10353 following last weeks 073 fall rbcs tan said the yen is the cleanest safehaven in fx given the fall in us yields yields on 10year us treasury notes were down 3 basis points to 3365 on monday as investors moved into government bonds which are seen as safe assets and bet the federal reserve would now struggle to raise interest rates much further us 10year yields which move inversely to prices stood at a 16year high of 4091 at the start of march the feds latest rate decision is due on wednesday and adds an additional layer of uncertainty rates currently stand at 45 to 475 traders now think theres a 60 chance of no change and a 40 chance of a 25 basis point increase later this week according to derivative market pricing they are positioned for a peak in rates in may at around 48 followed by a steady series of cuts into the end of the year we continue to recommend a short usdjpy trade which is benefitting from the pickup in risk aversion and less favourable financial market conditions said lee hardman senior currency analyst at japanese bank mufg to short means to bet on a fall in price australias dollar was 013 lower at 0669 the us dollar slipped 017 against its canadian counterpart to c1371 in cryptocurrencies bitcoin rose to a ninemonth high of 28567 last trading 087 higher at 28291 reporting by harry robertson and kevin buckland editing by edwina gibbs raju gopalakrishnan ed osmond and christina fincher

shares of altria group inc mo slid 070 to 4822 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 107 to 440027 and dow jones industrial average djia falling 108 to 3496069 altria group inc closed 437 short of its 52week high 5259 which the company achieved on march 26th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as philip morris international inc pm fell 151 to 10095 british american tobacco plc adr bti fell 072 to 3700 and imperial brands plc adr imbby fell 052 to 2204 trading volume 49 m remained 19 million below its 50day average volume of 68 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

marathon patent group inc common stocks nasdaqmara short percent of float has fallen 991 since its last report the company recently reported that it has 1832 million shares sold short which is 1972 of all regular shares that are available for trading based on its trading volume it would take traders 14 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 marathon patent group inc common stock 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 comparing marathon patent group inc common stocks short interest against its peers 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 marathon patent group inc common stocks peer group average for short interest as a percentage of float is 645 which means the company has more 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

shares of rio tinto plc rio inched up 071 to £5839 tuesday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 137 to 755409 rio tinto plc closed £504 short of its 52week high £6343 which the company reached on march 3 trading volume 16 m remained 16 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

stocks erased or trimmed gains in afternoon trade wednesday after the federal reserve as expected delivered a quarterpoint rate increase the dow jones industrial average djia was down 27 points or 01 near 33519 the bluechip gauge was up around 200 points just ahead of the announcement the sp 500 spx was up 02 at 4272 while the nasdaq composite comp remained higher by 09 the yield curve flattened significantly with the 2year treasury yield jumping around 13 basis points on the day to 1983 while the 10year yield rose more than 5 basis points to top 221 yields were already trading at their highest since 2019

in the current session johnson johnson inc nysejnj is trading at 17156 after a 01 increase over the past month the stock increased by 920 and in the past year by 962 with performance like this longterm shareholders are optimistic but others are more likely to look into the pricetoearnings ratio to see if the stock might be overvalued assuming that all other factors are held constant this could present itself as an opportunity for shareholders trying to capitalize on the higher share price the stock is currently below from its 52 week high by 465 the pe ratio measures the current share price to the companys earnings per share it is used by longterm investors to analyze the companys current performance against its past earnings historical data and aggregate market data for the industry or the indices such as sp 500 a higher pe indicates that investors expect the company to perform better in the future and the stock is probably overvalued but not necessarily it also sho ws that investors are willing to pay a higher share price currently because they expect the company to perform better in the upcoming quarters this leads investors to also remain optimistic about rising dividends in the future depending on the particular phase of a business cycle some industries will perform better than others johnson johnson inc has a lower pe than the aggregate pe of 3166 of the pharmaceuticals industry ideally one might believe that the stock might perform worse than its peers but its also probable that the stock is undervalued price to earnings ratio is not always a great indicator of the companys performance depending on the earnings makeup of a company investors can become unable to attain key insights from trailing earnings

shares of centene corp cnc slipped 191 to 8833 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 041 to 390819 and dow jones industrial average djia falling 055 to 3114530 this was the stocks second consecutive day of losses centene corp closed 1020 below its 52week high 9853 which the company achieved on august 15th 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 exela technologies inc xela slipped 359 to 537 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 042 to 449938 and dow jones industrial average djia falling 045 to 3531449 exela technologies inc closed 31463 short of its 52week high 32000 which the company reached on august 11th the stock underperformed when compared to some of its competitors tuesday as renovacare inc rcar rose 34990000 to 035 chesapeake granite wash trust chkr remained unchanged and biloxi marsh lands corp blmc rose 370 to 420 trading volume 152964 remained 409608 below its 50day average volume of 562572 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

as us gasoline prices approach a record average of 5 a gallon fuel costs are rippling through almost every corner of business with signs emerging that the rising expenses are beginning to alter consumer behavior the price of regular gasoline averaged about 497 thursday up about 26 cents from the prior week and nearly 2agallon higher compared with this time last year according to aaa the steady climb in prices comes as the us economy’s recovery from the pandemic has let loose pentup demand for travel by road and by air and with many returning to work commutes

more than one in 10 new zealanders with a mortgage personal loan or credit card are behind in their repayments while company liquidations have increased 35 on the same period last year as higher interest rates weigh on the economy credit bureau centrix estimated 117 of the active credit population was in arrears in may up from 113 in april according to a report tuesday in wellington average monthly business liquidations in june rose to the highest since 2020 the company said new zealand’s central bank has tightened aggressively in the past year and a half taking the official cash rate to its highest since 2008 and driving up the costs of home loans vehicle finance and personal borrowing the rising cost of repayments is adding to a squeeze on consumer spending adding to the risk of sluggish economic growth for the remainder of 2023 “there’s no question some kiwi households and businesses are walking an economic tightrope” said centrix managing director keith mclaughlin “it’s no secret a recession was the reserve bank’s goal to help curb spending what remains to be seen is how the rest of 2023 plays out for consumers and businesses on the front line” new zealand was in recession earlier this year and most economists expect another contraction will hit later in 2023 although their view on the timing is mixed the rbnz has said a recession was needed to slow demand and bring inflation back to the 13 band it targets new zealand seen stumbling from one recession into another centrix estimated 426000 people were behind on repayments in may although more than twothirds were less than 30 days late arrears on personal loans and buynowpaylater facilities both exceeded 10 while autoloan arrears returned to levels last seen in the second quarter 2020 homeloan arrears were just 132 representing about 19500 borrowers but still the highest since early 2020 centrix said across businesses credit defaults have jumped led by hospitality retailing and property companies centrix said there was a monthly average of 146 liquidations in the year through june up from 108 in the 12 months ended june 2022 and the highest since december 2020

shares of servicenow inc now dropped 002 to 43285 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 202 to 408885 and the dow jones industrial average djia rising 134 to 3265459 this was the stocks second consecutive day of losses servicenow inc closed 27475 below its 52week high 70760 which the company achieved on november 4th the stock underperformed when compared to some of its competitors tuesday as microsoft corp msft rose 203 to 26682 qualcomm inc qcom rose 432 to 13969 and international business machines corp ibm rose 247 to 13837 trading volume 21 m eclipsed its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of hilton worldwide holdings inc hlt rallied 151 to 13999 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 136 to 400358 and the dow jones industrial average djia rising 118 to 3409810 hilton worldwide holdings inc closed 2800 below its 52week high 16799 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as marriott international inc mar rose 175 to 16294 hyatt hotels corp h rose 199 to 9705 and choice hotels international inc chh rose 062 to 12250 trading volume 12 m remained 845734 below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

traders work on the floor of the new york stock exchange nyse during morning trading on january 26 2023 in new york city stock futures rose slightly in overnight trading as the sp 500 looks to cap off its best january since 2019 futures tied to the sp 500 added 019 while futures connected to the dow jones industrial average inched 007 or 25 points higher nasdaq100 futures gained 019 the overnight moves followed a pause in whats been a stellar january for stocks during regular trading the dow declined 26099 points or 077 while the sp and nasdaq composite fell 130 and 196 respectively stocks have rallied to start the year after a brutal 2022 and the worst year for stocks since 2008 as of mondays close the sp and dow are up 464 and 172 in january respectively and headed for their third positive month in four the nasdaq composite has risen 886 this month putting it on pace for its best monthly performance since july the reason ive been optimistic on equities to start the year is because revisions are mostly behind us people got too negative … trivariate researchs adam parker told cnbcs closing bell overtime on monday thats not the case we have an eroding and slowing backdrop not one thats tanking a solid january could be a good sign for the market and potentially foreshadow a continued uptick in the months that follow of the five instances in which the sp gained more than 5 in january after a negative year the benchmark index rose 30 for the year on average said carson groups ryan detrick in a tweet however a busy week of earnings with reports from the likes of mcdonalds meta platforms and amazon could put this recent rally in jeopardy investors are watching closely for comments on how some of the largest companies are faring amid high inflation and fears of slowing consumer spending attention also turns to the latest interest rate decision due out of the federal reserves latest policy meeting kicking off tuesday traders widely expect a 25 basis point increase but will monitor commentary for clues into how much further the fed intends to hike or when it plans to cut rates

shares of american express co axp inched 066 higher to 15786 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 132 to 465527 and the dow jones industrial average djia rising 068 to 3513594 american express co closed 3117 below its 52week high 18903 which the company reached on october 22nd the stock outperformed some of its competitors monday as visa inc cl a v fell 069 to 19629 mastercard inc ma fell 036 to 32301 and jpmorgan chase co jpm fell 043 to 16123 trading volume 62 m eclipsed 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

us stocks pulled back from sixweek highs monday as traders eyed the federal reserves midweek decision on interest rates the dow surged friday to end at a twomonth high and log a weekly gain of more than 5 the bluechip gauges 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 mondays close according to dow jones market data stocks pared some of their recent sharp gains as a more cautious tone took hold ahead of the federal reserves monetarypolicy meeting which concludes on wednesday last week there were plenty of reasons for stocks to sell off hard market stalwarts like google parent alphabet incgoogl amazoncom incamzn and meta platforms incmeta disappointed and sold off doubledigits september pce feds preferred inflation measure came in at 515 up from 489 in august and china instituted further lockdowns said tom lee head of research at fundstrat yet the sp 500 managed to gain 4 for the week bringing total gains to 12 in two weeks the most interesting takeaway in our view is that consensus has become even more negative in the face of the market gains lee added last week was obviously crazy said brian overby senior markets strategist at ally invest in a phone interview but drilling down into earnings results showed that the consumer remains resilient he said continued strength in the job market that translates into solid holiday spending could help set the stage for a santa claus rally heading into years end he said john butters senior earnings analyst at factset noted that with just over half of sp 500 companies having reported thirdquarter 2022 results the blended earnings growth rate for the index so far was 22 the lowest such rate since the 57 seen in q3 2020 earnings watchwall street is being nicer on earnings as vaccine makers fintech reports near still the market reaction suggests that though earnings may not be great relative to previous quarters theyve been better than many investors feared with 71 of companies delivering a positive earnings per share surprise and 68 a positive revenue surprise also helping support sentiment are hopes the federal reserve may be nearing the peak of its hawkishness the central banks federal open market committee fomc is expected to increase borrowing costs by another 75 basis points on wednesday but the market reckons the pace of rate hikes will slow after that stephen innes managing partner at spi asset management sees the outcome of the fed meeting as crucial for the market into the years end the next 200 points in the sp 500 comes down to the fomc press conference this week a tip to slowing the pace of hikes to allow lagged effects of recent hikes to set in will take the index to 4100 by the end of the week aided in part by ctas underweight positioning and the election innes said in an email on the other hand a hawkish tone fuelled by unrelenting high inflation prints and continued strength in the jobs market would see spx take a quick nosedive toward 3700 reversing last weeks 4 rally and then some bringing an end to what appears to be an early christmas rally he warned meanwhile pressuring the market mood was news that chinas factory and services activity contracted in october president joe biden on monday will speak about major oil companies recordsetting profits even as they refuse to help lower prices at the pump for the american people the white house announced bidens remarks scheduled for 430 pm eastern in the roosevelt room of the white house come just over a week before us midterm elections in which energy prices and inflation are playing a critical role energy stocks have left the sp 500s other 10 sectors in the dust in 2022 with a gain of nearly 65 year to date versus the largecap benchmarks 185 fall the energy select sector spdr etf was up 17 on monday wheat futures w00 jumped 58 to 878 per bushel after russia withdrew from the un deal allowing safe passage of grain from ukraines southern ports

shares of rockwell automation inc rok dropped 035 to 27686 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 415487 and the dow jones industrial average djia falling 003 to 3397663 rockwell automation inc closed 3250 short of its 52week high 30936 which the company reached on march 9th despite its losses the stock outperformed some of its competitors tuesday as honeywell international inc hon fell 047 to 19693 trading volume 519308 remained 141022 below its 50day average volume of 660330 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 ansys inc anss slid 239 to 30131 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 153 to 398637 and dow jones industrial average djia falling 172 to 3285646 this was the stocks second consecutive day of losses ansys inc closed 2763 below its 52week high 32894 which the company achieved on march 29th the stock underperformed when compared to some of its competitors tuesday as microsoft corp msft fell 106 to 25415 oracle corp orcl fell 154 to 8836 and international business machines corp ibm fell 149 to 12825 trading volume 870008 eclipsed its 50day average volume of 454673 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 activision blizzard inc atvi rallied 148 to 7935 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 018 to 461367 and the dow jones industrial average djia rising 026 to 3591384 activision blizzard inc closed 2518 short of its 52week high 10453 which the company achieved on february 16th the stock outperformed some of its competitors monday as microsoft corp msft fell 068 to 32937 trading volume 75 m remained 570733 below its 50day average volume of 81 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

ollie’s bargain outlet holdings inc olli stock is up 3 in premarket trades wednesday after the closeout merchandise retailer boosted its fiscal 2024 outlook for adjusted profit to 256 a share to 265 a share compared to the wall street analyst forecast of 256 a share according to data from factset “our deal flow remains robust and we believe that we are well positioned in the current environment as consumers are increasingly looking for value” ollie’s said the company’s firstquarter earnings of 49 cents a share beat analyst projections by a penny a share its firstquarter revenue of 45915 million beat the analyst estimate of 4514 million

shares of avery dennison corp avy inched 080 higher to 16919 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 045 to 432882 and dow jones industrial average djia falling 004 to 3371471 avery dennison corp closed 3518 short of its 52week high 20437 which the company reached on august 16th the stock outperformed some of its competitors monday as 3m co mmm fell 031 to 10041 trading volume 455265 remained 160870 below its 50day average volume of 616135 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

washington dow jonesthe us treasury plans to auction 20 billion in reopened 19year 11month bonds tuesday the debt will settle on dec 31 2021 and will mature nov 15 2041 the debt is a reopening of an issue first sold on nov 30 2021the coupon is set at 2000 the federal reserve holds 31248 billion of maturing securities for its own account amounts bid by the federal reserve banks for their own account will be in addition to the public offering amount noncompetitive tenders for the 19year 11month bonds available in minimum denominations of 100 must be received by 1200 pm eastern time tuesday competitive tenders available in minimum denominations of 100 must be received by 100 pm eastern time

shares of beyond meat inc bynd shed 244 to 1597 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 024 to 3348272 and the nasdaq composite index comp falling 107 to 1199686 the stocks fall snapped a fiveday winning streak beyond meat inc closed 3147 below its 52week high 4744 which the company reached on april 27th trading volume 10 m remained 20 million below its 50day average volume of 30 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 synchrony financial syf slumped 100 to 3271 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 020 to 427379 and dow jones industrial average djia falling 059 to 3356286 synchrony financial closed 818 short of its 52week high 4089 which the company reached on november 11th the stock underperformed when compared to some of its competitors monday as apple inc aapl fell 076 to 17958 jpmorgan chase co jpm fell 098 to 13909 and visa inc cl a v fell 088 to 22677 trading volume 45 m remained 17 million below its 50day average volume of 62 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

don’t expect a redhot january jobs report to be followed by a february chill when an even more eagerly awaited than usual monthly employment report is released at the end of next week that’s because warmerthanusual weather likely contributed to january’s blowout jobs reading a phenomenon that history shows tends not to get reversed the next month said economist jens nordvig founder and chief executive of research firm exante data temperature data which the firm had previously used to forecast european demand for natural gas was found to also come in handy in examining nearterm labor market trends in a video clip shared with marketwatch nordvig told clients that the relationship between temperatures and payroll growth is real though it’s not getting much attention the chart below tracks the deviation in us temperatures from normal in january and february the highlighted rows show that in years with higherthannormal january temperatures payrolls exceeded forecasts for both january and february as the chart shows january 2023 was 54 degrees warmer than normal while payrolls saw a 517000 rise obliterating forecasts for a much smaller increase warm weather may have added up to 200000 jobs to january payroll growth simply as a result of seasonal workers not being laid off he said “so construction workers that normally have a hard time working in new york or other places where it’s typically cold in january they stayed on” he said an effect that was likely seen in other sectors as well so what about february the chart shows temperatures remained warmerthanusual to the tune of 34 degrees but not as warm relative to the average as in january that means the weather in february is unlikely to have the same impact on the february jobs report set for release on march 10 that warm january weather had on that month’s data nordvig said but the important takeaway from the data is that strong weatherenhanced january gains in the past haven’t been followed by february reversals he said in 2006 january temperatures were 69 degrees above normal but fell largely back in line in february payroll growth in february 2006 for example blew away forecasts and outpaced january’s rise coming in at 306000 the conclusion nordvig said is that investors shouldn’t expect to see a reversal of the strong january figures in the february data if so that means the moving averages that federal reserve policy makers pay close attention to will remain robust economists surveyed by the wall street journal on average expect february payrolls to have grown by 225000 the employment report is often viewed as the most marketsensitive data of the month investors will be particularly focused on the february figures after the blowout january reading on feb 3 accompanied by a drop in the unemployment rate to its lowest since 1969 helped spark last month’s rapid reassessment of how high the federal reserve must take interest rates to rein in inflation see inflation data pushed the 10year treasury yield above 4 how much higher can interest rates go treasury yields which had pulled back in january pushed back to the upside while stocks trimmed an early 2023 rally yields pulled back modestly on friday while stocks saw a strong rally the sp 500 spx snapped a run of three straight weekly losses while the dow jones industrial average djia ended a stretch of four straight weekly declines that had seen it temporarily erase its early 2023 gain read next key question for stockmarket investors take profits or sit tight in ‘make or break’ march

the securities and exchange commission will vote on a proposal wednesday to rescind rules that had required proxy advisory firms to inform companies of how they are advising shareholders to vote in corporate elections revising a rule that was voted on in 2020 and only took effect 7 months ago is an unusual move for the agency and republicans on the commission vocally opposed it because they argue the change is being made not because new information has come to light but due to a change in the partisan makeup of the commission the modification will be welcomed by proxy advice firms like institutional shareholder services and glass lewis and by asset managers and pension funds who have argued the rules increase costs and lead to service delays without doing anything to protect investors in a wednesday statement sec chairman gary gensler a democrat defended the rule change as necessary to ensure that investors are able to “receive independent and timely advice” and noting that the revision keeps in place rules that require proxy firms to disclose conflicts of interest “we have…continued to hear from many investors that certain conditions in the 2020 rule might restrain independent proxy voting advice” gensler said “given those concerns we have revisited certain conditions and determined that the risks they impose to the independence and timeliness of proxy voting advice are not justified by their informational benefits” corporate insiders have long chafed at advice given by these proxy firms though they do often side with management in many votes in february iss urged apple inc aapl shareholders to vote against the nearly 100 million pay package grated to ceo tim cook in 2021 a move that led venture capitalist michael moritz to criticize proxy advisory opinions as “about as credible as those rendered by credit rating agencies before the 2008 subprime crisis” in a financial times oped in 2015 jpmorgan chase co jpm ceo jamie dimon called stockholders “lazy” and “irresponsible” for relying on proxy firms advice on executive pay also on wednesday the sec was set to adopt a rule that would make it more difficult for companies to exclude shareholder proposals from votes at annual meetings which observers say could open the door for more stockholder activism on issues like the treatment of workers climate change risk and others with broad social impact “i believe these proposed amendments would provide a clearer framework for the application of this rule which market participants have sought” gensler said “they also would help shareholders exercise their rights to submit proposals for consideration by their fellow shareholders”

shares of copart inc cprt advanced 387 to 11389 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 306 to 379093 and the dow jones industrial average djia rising 280 to 3031632 this was the stocks second consecutive day of gains copart inc closed 4723 below its 52week high 16112 which the company achieved on november 16th the stock outperformed some of its competitors tuesday as carmax inc kmx rose 105 to 6845 lithia motors inc lad rose 109 to 22243 and autonation inc an rose 173 to 10784 trading volume 11 m remained 9600 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

sydneyaustraliabased slots and gaming company aristocrat leisure ltd said statutory net profit rose nearly 16 in the 2022 fiscal year reflecting strong performance in north american gamingmachine operations and global sales the company said statutory net profit was 9485 million australian dollars us641 million normalized net profit which strips out significant items and before the amortization of acquired intangibles or npata rose 27 to a11 billion overall revenue rose nearly 18 to about a56 billion aristocrat declared a final dividend of 26 australian cents per share that brings the fullyear dividend to 52 australian cents up 27 chief executive trevor croker said strong performance in its gaming unit which includes traditional slot machines more than offset headwinds against its mobilegaming business pixel united which had benefited from coronavirus lockdowns when consumers were stuck at home this highlights the strength of our postcovid recovery and our ability to execute in a challenging environment said mr croker adding that one measure of annual profit was 23higher than the precovid 2019 financial year mr croker said the company had made further progress in its buyandbuild strategy to scale in online realmoney gaming and that the company would focus first on the north american market while ultimately aiming to be the leading gaming platform globally he said aristocrat would continue to invest in realmoney gaming business anaxi also looking ahead aristocrat said it expects to deliver npata growth in the 2023 fiscal year assuming no change in economic and industry conditions the company expects continued strong revenue and profit growth in its gaming business but lower growth in bookings and profit at pixel united compared to recent years

us flights were largely back to normal thursday with some minor delays as carriers looked to recover from a federal aviation administration system outage more than 500 flights within into and out of the us have been delayed as of 7am est according to flight tracker flightawarecom however the country’s largest airlines were faring much better than wednesday morning

shares of eastman chemical co emn inched 012 higher to 8698 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 045 to 3434703 and the sp 500 index spx falling 003 to 402612 eastman chemical co closed 4250 short of its 52week high 12948 which the company reached on january 19th the stock demonstrated a mixed performance when compared to some of its competitors friday as exxon mobil corp xom fell 035 to 11321 3m co mmm rose 081 to 12904 and fmc corp fmc rose 073 to 12918 trading volume 259948 remained 928815 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of petroneft resources plc jumped 83 on friday after the company said that has received an interest from its chief executive pavel tretyakov to buy the companys russian assets shares at petroneft resources were up 038 pence at 083 pence the russiafocused oilandgas company said it has now constituted an independent committee to review any offers and to consider all other viable options it added that any sale of the russian assets would be need shareholder and other regulatory approvals while cautioning that theres no certainty any deal will proceed petroneft said on nov 25 that it had started a review of the companys options including the full or partial sale of its assets

london feb 1 reuters world stocks looked set to leave a volatile january in the past on tuesday starting a new month on firmer ground as a slew of reassuring comments from federal reserve officials helped calm ratehike jitters a paneuropean equity index opened more than 1 higher us stock futures rallied and japans bluechip nikkei n225 rose 03 buoyed by wall streets overnight gains indeed us stocks closed higher on monday led by a 35 rise for the techheavy nasdaq it meant the nasdaq ended january on a strong note after narrowly avoiding its worst ever start to the year the sp 500 meanwhile recorded its weakest january performance since 2009 spx fed policymakers appeared to confirm on monday that interest rates would rise in march but spoke cautiously about what might follow in what sounded like a wellorchestrated chorus four fed officials said they felt it was time for the us central bank to begin removing support from a strongly growing economy where inflation is at its highest in four decades read more the treasurys top economist said inflationary pressures should ease in 2022 due to weaker goods demand easing supply bottlenecks and a receding coronavirus pandemic read more john flahive head of fixed income investments at bny mellon wealth management said it was the scale of the pricing in of anticipated us rate hikes that had unsettled markets it was just a few months ago that everybody thought that the federal reserve would be relatively patient with monetary policy might move three times maybe four times he said now the markets begin to price in four plus maybe even five fed rate moves and so everyone was getting a little bit nervous australias central bank weighed in on tuesday it ended its a275 billion 19440 billion bond buying campaign as expected but pushed back hard on market wagers for an early rate rise read more the us institute for supply managements activity index out later on tuesday could provide some sense of whether price pressures are abating for firms world markets which have been rattled by ratehike expectations appeared to take comfort from latest central bank commentary risk assets struggled in january with global equities seeing their worst monthly performance since march 2020 at the height of the initial wave of the covid19 pandemic deutsche bank research showed growing tensions between the west and russia over ukraine have also weighed on risk sentiment although they lifted oil prices pushing brent futures roughly 17 higher so far this year brent eased a touch on tuesday at 89 a barrel while us west texas intermediate crude also slipped marginally at 8808 a barrel british prime minister boris johnson will vow to uphold ukraines sovereignty on a visit to kyiv on tuesday as part of the wests diplomatic efforts to stop a possible russian invasion which moscow says there is no proof it is planning it comes as the united states said it is in active discussions with allies about possible us troop deployments to natos eastern flank european sovereign borrowing costs were broadly steady having shot up on monday still germanys 10year bund yield held just above 0 while the 10year us treasury yields were little changed around 178 in asia a number of markets are closed due to the lunar new year holidays including in china and south korea mscis world equity index miwd00000pus touched its highest level in over a week while major bourses from london to paris and frankfurt were up as much as 124 on currency markets the australian dollar was one of the biggest movers rebounding 03 after an initial hit from the reserve bank of australias dovish message it was last trading at 07083 the dollar was generally on the back foot against other major currencies as the edge came off aggressive fed rate hike bets the euro was last up 02 at 11258 sterling was 025 firmer and dollar was down 013 at 115 yen

shares of alliant energy corp lnt inched 068 higher to 5334 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 this was the stocks second consecutive day of gains alliant energy corp closed 1203 short of its 52week high 6537 which the company reached on april 11th the stock outperformed some of its competitors wednesday as duke energy corp duk rose 027 to 9345 xcel energy inc xel fell 073 to 6561 and wec energy group inc wec fell 120 to 9035 trading volume 21 m eclipsed its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of american tower reit amt slipped 226 to 19104 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 064 to 410990 and dow jones industrial average djia falling 101 to 3301214 this was the stocks second consecutive day of losses american tower reit closed 9143 short of its 52week high 28247 which the company achieved on august 15th the stock underperformed when compared to some of its competitors tuesday as crown castle inc cci fell 215 to 11145 and sba communications corp sbac fell 148 to 23179 trading volume 14 m remained 584246 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

dec 16 reuters gold prices gained on thursday as the dollar weakened after the us federal reserve said it would end pandemicera bond buying in march with investors now awaiting other major central bank meetings spot gold climbed 03 to 178160 per ounce by 0437 gmt while us gold futures rose 1 to 1782 per ounce any dollar weakness should see a corresponding rise in gold the expectation is for a winding back of fiscal and monetary stimulus if this view is unchanged then it would be reasonable for gold prices to remain below 1800 said michael langford director at corporate advisory airguide the dollar index dxy moved lower from a threeweek high hit in the previous session the us central bank said it would pave the way for three quarterpercentagepoint interest rate increases by the end of 2022 as the economy nears full employment and the fed copes with a surge of inflation read more reduced stimulus and interest rate hikes tend to push government bond yields up raising the opportunity cost of holding bullion which bears no interest ecb officials are set to call time on the central banks pandemic emergency purchase programme but investors will look to see how the sixyear old asset purchase programme may pick up the slack though rate rises are a way away read more investors now await us weekly initial jobless claims data due at 1330 gmt us weekly jobless claims data in conjunction with inflation data is likely to reduce the likelihood of ongoing or further stimulus which will be negative for gold langford said silver rose 04 to 2213 per ounce platinum climbed 01 to 91908 and palladium jumped 39 to 165779 per ounce reporting by seher dareen and asha sistla in bengaluru editing by subhranshu sahu

shares of harleydavidson inc hog shed 005 to 3710 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 021 to 364729 and dow jones industrial average djia falling 043 to 2913499 this was the stocks sixth consecutive day of losses harleydavidson inc closed 736 short of its 52week high 4446 which the company achieved on february 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as bayerische motoren werke ag adr bmwyy fell 091 to 2289 honda motor co ltd adr hmc rose 013 to 2284 and polaris inc pii rose 162 to 10009 trading volume 14 m remained 65262 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of perrigo co plc prgo slid 013 to 4486 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 030 to 436380 and the dow jones industrial average djia falling 000 to 3437781 this was the stocks fifth consecutive day of losses perrigo co plc closed 604 short of its 52week high 5090 which the company achieved on september 30th despite its losses the stock outperformed some of its competitors wednesday as daiichi sankyo co ltd dskyf fell 393 to 2540 catalent inc ctlt fell 037 to 12816 and united therapeutics corp uthr fell 202 to 18609true trading volume 13 m remained 10 million below its 50day average volume of 23 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 medtronic plc mdt inched 098 higher to 8326 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 237 to 375275 and the dow jones industrial average djia rising 247 to 3108256 the stocks rise snapped a twoday losing streak medtronic plc closed 4154 below its 52week high 12480 which the company reached on october 26th the stock demonstrated a mixed performance when compared to some of its competitors friday as johnson johnson jnj rose 218 to 16871 abbott laboratories abt fell 016 to 9506 and stryker corp syk rose 180 to 21831 trading volume 60 m remained 53554 below its 50day average volume of 60 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

lowe’s reported fiscal fourthquarter earnings that topped analysts’ estimates and raised guidance for the next fiscal year revenue in the quarter of 2134 billion and samestore sales growth of 5 also beat wall street’s expectations shares of homeimprovement retailer lowe’s ticker low were down 03 in premarket trading wednesday

asian equity futures traded moderately lower thursday following a techled selloff on wall street as investors await us monthly inflation data that will help shape the outlook for the federal reserve ’s next steps contracts for benchmarks in japan and hong kong fell while those for australian equities were little changed the sp 500 fell 07 wednesday while the nasdaq 100 dropped 11 weighed down by a 47 decline for nvidia corp as investors rethink the artificialintelligence frenzy that has helped propel tech shares higher this year us futures ticked higher in early asian trading

tanzania on saturday signed a framework agreement with british and norwegian energy giants shell and equinor towards implementing a 30billion project to export its natural gas the deal foresees a final investment decision by 2025 and a start of operations by 20292030 at a liquefied natural gas plant to be built in the southern coastal town of lindi it marks a significant step forward in tanzanias efforts to jumpstart the export of part of the vast gas deposits off its coast estimated at more than 57 trillion cubic feet 1630 billion cubic metres we have never reached this stage of natural gas development in the history of our country energy minister january makamba said during the signing ceremony in the capital dodoma this project will significantly change our economy tanzanias geographical positioning makes it easy to transport the natural gas to other countries especially asian ones which are looking for new sources of energy we have reached a good stage of discussions about the lng project but much work is still waiting for us to talk and make it competitive she said plans for the lng plant had stalled for several years under her predecessor john magufuli and she relaunched efforts after becoming head of state last year equinor country manager for tanzania unni fjaer said the deal had been long in the making we had many stops but through resolve of the government we kept engaging discussions and we believe tanzanian gas presents a huge opportunity she said along with us firm exxonmobil equinor is exploiting a block some 100 kilometres 60 miles off the coast of lindi where it says it has found 20 trillion cubic feet 566 billion cubic metres of natural gas shell together with ophir energy and the pavilion energy says it has discovered 16 trillion cubic feet 453 billion cubic metres of gas in two other offshore blocks in the same area tanzanias economy suffered a blow during the coronavirus pandemic as travel restrictions battered the tourism sector a key earner in the east african country

american flags hang from the facade of the new york stock exchange nyse building after the start of thursdays trading session in manhattan in new york city new york us january 28 2021 reutersmike segarfile photo shanghai aug 27 reuters chinese state media outlet the global times on saturday praised an agreement reached between beijing and washington over the auditing of uslisted chinese companies as a symbolic case and a useful lesson for both nations the oped article came a day after the two countries took a major step towards ending a dispute that threatened to boot chinese companies including alibaba from us stock exchanges signing a pact to allow american regulators to vet accounting firms in china and hong kong read more in the oped published with no named author global times wrote that the deal shows that while it is normal for the two countries to have disagreements they should not be an excuse for the two countries to move toward fullscale confrontation the article went on to note how both sides made adjustments during consultations with the chinese side respecting overseas regulators efforts to ensure the quality of the financial information of companies that list while the united states needs to strengthen corporate supervision china must maintain national security the global times added it is commendable that the concerns of both sides have been understood and respected by each other and their needs have been met through wise arrangements the agreement marks a milestone in a yearslong dispute between the two governments over how much oversight us regulators have into the finances of chinese enterprises that intend to go public in america reporting by josh horwitz and xu jing editing by pravin char

shares of essex property trust inc ess inched 060 higher to 23480 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 122 to 442584 and the dow jones industrial average djia rising 126 to 3440806 essex property trust inc closed 6553 below its 52week high 30033 which the company reached on august 16th

shares of fuelcell energy inc fcel slid 201 to 341 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 012 to 3343144 and the nasdaq composite index comp falling 011 to 1167574 fuelcell energy inc closed 392 short of its 52week high 733 which the company reached on march 11th trading volume 65 m remained 44 million below its 50day average volume of 108 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

rivian automotive the bestfunded electric vehicle startup in us history filed for an initial public offering and revealed that it has nearly 150000 initial orders for its batterypowered pickups suvs and delivery trucks and that amazon and ford own stakes of 5 or more the potential tesla challenger based in irvine california filed an s1 statement with the securities and exchange commission late friday—a followup to its announcement of a confidential ipo filing in late august the company disclosed preorders for 48390 r1t pickups and r1s suvs from customers in the us and canada each requiring a 1000 deposit additionally it has orders for 100000 delivery vans from investor amazon to be delivered through 2025 rivian’s key shareholders when it begins trading include amazon ford t rowe price global oryx co and manheim investments according to the filing additionally four of its nine board members will be women including cfo claire mcdonough karen boone pamela thomasgraham and former patagonia ceo rose marcario the company just began production at its normal illinois plant last month and follows rival startups lucid and fisker inc that are each targeting a big share of a growing market for electric vehicles founded by massachusetts institute of technology phd rj scaringe rivian arrives with both an audacious level of funding—more than 10 billion—and significant support from the auto industry including ford and investor cox automotive “we can spend a lot of time debating the specifics of climate change but the indisputable truth is that we as humans are rapidly changing the composition of our atmosphere this is what inspired me to start rivian and it’s what drives every decision we make as an organization” ceo scaringe said in a letter to investors in the filing “the challenge is as big as it comes but we’re fortunate to get to help solve it with such passionate team members and partners” along with generating revenue from vehicle sales rivian said it will also make money from selling regulatory pollution credits to other automakers that’s proved a particularly impactful business for tesla keeping it in the black in numerous quarters between 2008 and the first half of 2021 the electriccar maker led by elon musk has reported cumulative credit sales totaling 48 billion rivian’s illinois plant a former mitsubishi motors factory currently has capacity to produce no more than 150000 units annually according to the filing “we expect vehicle demand to outpace our production volumes in the nearterm as we work to fulfill customer preorders and continue to add to our backlog of preorders” the company didn’t disclose founder scaringe’s ownership stake forbes estimates his net worth is 34 billion

shares of catalyst pharmaceuticals inc cprx inched 073 higher to 1658 friday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 174 to 1222191 and the dow jones industrial average djia rising 126 to 3327415 catalyst pharmaceuticals inc closed 553 below its 52week high 2211 which the company reached on january 13th the stock underperformed when compared to some of its competitors friday as johnson johnson jnj rose 102 to 15500 pfizer inc pfe rose 104 to 4080 and abbott laboratories abt rose 220 to 10126 trading volume 22 m remained 145306 below its 50day average volume of 23 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 american airlines group inc aal rallied 531 to 1647 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 189 to 451555 and the dow jones industrial average djia rising 117 to 3513186 the stocks rise snapped a threeday losing streak american airlines group inc closed 962 below its 52week high 2609 which the company achieved on march 18th the stock outperformed some of its competitors monday as southwest airlines co luv rose 426 to 4476 delta air lines inc dal rose 368 to 3969 and united airlines holdings inc ual rose 482 to 4288 trading volume 351 m remained 49 million below its 50day average volume of 401 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

well i think there is a story in the silicon valley bank us case which i think we will come onto im sure wishes to do with the treatments of what we call interest rate risk in the banking book so this is not trading activity this is interest rate risk in the bank we treat that differently in our capital ratio which i think we set out in the paper we sent you and im happy to wed be happy to go through that which we treat it differently to us and that is an important difference so there is an issue there because of course that obviously goes but so were not out of the woods the bank i mean that is an issue but its not i think an issue in the uk because we do treated differently and that obviously relates to the question of the of the rise in interest rates and how much and how quickly i think theres a lot there was there was a lot there was idiosyncratic about credit suisse which we can say a bit about but obviously its not one of ours as a parent now to your question i dont think any of them and weve said this that any of these features cause of stress in the uk banking system but its the definitive yes or no answer to your question goes back to what you said about the markets last week they are trying on to point points of weakness at the moment now i dont think we are tall and replaceable we were in in 2007 a very different place to them well you know we have to be very vigilant so you know if i give you the answer i dont think theres a problem going forward i do not want to give you for a moment the idea that we are not very vigilant because we are we are in a period of very heightened frankly tension and alertness and we will go on being vigilant so anyway thats the thats the message id really like to give you if you dont mind in answering that question

ottawa—bank of canada gov tiff macklem said central bank officials are uncomfortable with inflation in the country at an 18year high and they possess the will and tools to bring it down to its preferred 2 target the remarks reinforce a sharp pivot from mr macklem in recent weeks regarding inflation economists said his tone suggests the bank of canada is edging closer to rate rises

boeing may be winning a significant order from united airlines holdings investors seem pleased on friday the wall street journal reported that united ticker ual is on the cusp of ordering several widebody 787 jets from boeing ba

shares of avalonbay communities inc avb inched 026 higher to 16862 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 010 to 410911 and the dow jones industrial average djia rising 030 to 3358652 this was the stocks third consecutive day of gains avalonbay communities inc closed 9019 below its 52week high 25881 which the company achieved on april 21st the stock outperformed some of its competitors monday as equity residential eqr fell 007 to 6010 udr inc udr rose 002 to 4069 and midamerica apartment communities inc maa fell 026 to 14987 trading volume 836689 remained 48070 below its 50day average volume of 884759 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

july 5 reuters cairn homes plc crni on tuesday forecast total build cost inflation for fiscal 2022 to be about 67 pressured by rising materials and labour prices although the irelandbased housebuilder reaffirmed its annual outlook the company said it saw strongestever sales period for the six months ending june 30 selling over 750 new homes for more than 295 million euros 30774 million and that it intends to announce a 20 million euros dividend during its interim results announcement in september reporting by aby jose koilparambil in bengaluru editing by uttareshv

henry nassau director at blackstone mortgage trust bxmt reported a large insider buy on june 26 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on monday showed that nassau purchased 5927 shares of blackstone mortgage trust the total transaction amounted to 114983 blackstone mortgage trust shares are trading up 102 at 2023 at the time of this writing on tuesday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however an insider transaction can be an important factor in the investing decision in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of blackstone mortgage trusts insider trades this article was generated by benzingas automated content engine and reviewed by an editor

equity bulls looking for a bottom to this year’s broad selloff see plenty of hopeful signs from extreme oversold market conditions to souring investor sentiment yet one factor that’s reliably foretold an end to past routs is missing a corporate insider buying spree executives in charge of us companies whose purchases correctly signaled the bearmarket bottom in march 2020 are still largely shying away

shares of hewlett packard enterprise co hpe inched 025 higher to 1204 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 021 to 364729 and dow jones industrial average djia falling 043 to 2913499 the stocks rise snapped a sevenday losing streak hewlett packard enterprise co closed 572 short of its 52week high 1776 which the company reached on february 10th the stock underperformed when compared to some of its competitors tuesday as radware ltd rdwr rose 119 to 2124 trading volume 140 m eclipsed 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

us treasury yields were slightly higher on friday as investors await a closely watched inflation number for clues to the us federal reserves next interest rate move the yield on the 10year treasury note was up about 1 basis point to 36856 while the yield on the 2year us treasury note was little changed at 42636 global bond markets sold off this week after the bank of japan tweaked its yield curve controls in a move aimed at cushioning the effects of protracted monetary stimulus measures yields have been rising throughout the week as fed investors continue to fret over the chances of a recession and what that could mean for monetary policy us government data released on thursday however showed gross domestic product increased at an annual rate of 32 in the third quarter higher than a previous estimate of 29 the economy contracted 06 in the second quarter the bureau of economic analysis will issue novembers personal consumption expenditure report the federal reserves preferred inflation measure on friday morning the core personal consumption expenditures price index which excludes food and energy prices is expected to have gained 02 in november the same increase seen in october according to economists polled by dow jones the personal consumption expenditures price index could give further clues on whether inflation is moderating in the united states the fed has been hiking rates aggressively to try to bring down inflation and has signaled further rises could be ahead the central bank is expecting to hike its benchmark rate to 51 before it can get inflation under control data on us durable goods orders and new home sales will also be released friday

oil futures turned higher on monday with us prices touching their highest level so far this month traders weighed the outlook for global oil demand and russias recent decision to cut production and awaited us inflation data due out tuesday there has been light trading across all markets waiting on the cpi data due out tuesday tariq zahir managing member at tyche capital advisors told marketwatch traders will look to the january us consumerprice index for clues to the federal reserves interestrate path economists polled by the wall street journal forecast a 04 increase in the january cpi which would slow the yearoveryear rate to 62 from 65 in december yearoveryear cpi peaked at a roughly 40year high of 91 last summer core cpi which excludes volatile food and energy prices is expected to rise 03 in january with the yearoveryear rate at 54 versus 57 in december treasury yields rebounded last week as investors moved expectations for rates closer to the feds forecasts for a peak rate above 5 and scaled back expectations for a rate cut by yearend the fed has maintained that rates are unlikely to fall in 2023 see inflation data rocked the us stock market in 2022 what investors need to know about tuesdays reading zahir pointed out that the us government has told its citizens to leave russia immediately as a potential large offensive looks imminent in ukraine we are not surprised to see oil start to gain some strength on friday oil prices declined after brent and wti climbed by more than 2 both grades of crude tallied weekly gains of more than 8 after russia said it would cut production by 500000 barrels a day in march wti and brent are both down for the year and over the last 12 months lower oil production could lift moscows pricing power over its limited buyers if it actually cuts its supply said innes however amid uncertain economic outlooks in many big oilconsuming economies like the us europe and even china this year russias ability to move global markets by itself could be limited beyond current levels readwhy us fuel prices continue to feel the effects of russias invasion of ukraine the physical market for crude remains soft analysts said north sea and west african or waf atlantic basin crudes are the marginal barrels in the market said michael tran commodity and digital intelligence strategist at rbc capital markets in a note while there were signs of a pickup in waf loadings for february last week major north sea streams remain soft leaving the overall picture mixed this means that either chinas post covid ramp has not been meaningful enough to tighten the physical market yet or demand elsewhere remains uninspiring tran said either way there remains slack in the physical crude system for now geopolitical tensions are also a focus among traders said naeem aslam chief market analyst at avatrade after the us military recently shot down a fourth unidentified object the concern among traders is that this unidentified object could be a chinese spy balloon he said the fear here is that things can get out of control and tensions could flare up between the two major superpowers which could adversely influence sentiment among traders said aslam

shares of paycom software inc payc rose 434 to 29332 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 145 to 428237 and the dow jones industrial average djia rising 212 to 3376276 this was the stocks third consecutive day of gains paycom software inc closed 10946 short of its 52week high 40278 which the company reached on august 15th the stock outperformed some of its competitors friday as oracle corp orcl fell 009 to 10589 and intuit inc intu rose 198 to 43049 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

ht group said wednesday that demand for pledge lending remained strong for the four months to april with january and march record months for lending and that the board expects performance to continue in line with market expectations the uk pawnbroker said it has seen continued encouraging demand for both lending

shares of fifth third bancorp fitb slid 160 to 2698 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 033 to 3450903 and the sp 500 index spx falling 010 to 450542 fifth third bancorp closed 1108 short of its 52week high 3806 which the company reached on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors friday as jpmorgan chase co jpm rose 060 to 14977 bank of america corp bac fell 189 to 2911 and wells fargo co wfc fell 034 to 4356 trading volume 52 m remained 16 million below its 50day average volume of 67 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

one of the hottest collector’s items these days is a preowned luxury watch expensive secondhand watches from brands such as rolex and patek philippe have become increasingly popular in recent years particularly with younger buyers according to a report published this month by boston consulting group preowned luxury watches became more valuable as demand grew but supply remained tight bcg said

is tesla stock in for a pullback or will it continue its way up in nearterm its robot vs cathie wood on this one its cathie wood vs artificial intelligence when it comes to the stance on tesla incs nasdaq tsla nearterm performance with one seeing it as a time to book profit in the elon muskled electric vehicle company’s stock

shares of zebra technologies corp cl a zbra rose 121 to 28339 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 069 to 436901 and the dow jones industrial average djia rising 043 to 3421212 this was the stocks second consecutive day of gains zebra technologies corp cl a closed 8258 below its 52week high 36597 which the company achieved on august 1st the stock underperformed when compared to some of its competitors tuesday as honeywell international inc hon rose 131 to 20111 eaton corp plc etn rose 227 to 19386 and amphenol corp cl a aph rose 152 to 8082 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

walt disney shares jumped late wednesday after the media and entertainment giant reported betterthanexpected earnings disney reported adjusted earnings of 109 a share for its latest quarter compared to analyst expectations for 97 cents a share according to factset sales of 215 billion were also ahead of estimates for 2099 billion

shares of franconevada corp fnv shed 078 to c21288 friday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 150 to 2054203 franconevada corp closed c482 short of its 52week high c21770 which the company achieved on may 4th trading volume of 349678 shares remained below its 50day average volume of 401566

shares of avery dennison corp avy rose 139 to 16603 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 092 to 381880 and dow jones industrial average djia falling 062 to 3098133 the stocks rise snapped a twoday losing streak avery dennison corp closed 6321 below its 52week high 22924 which the company reached on november 8th the stock outperformed some of its competitors tuesday as 3m co mmm rose 092 to 13020 and huntsman

shares of celanese corp ce slid 236 to 15923 friday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 103 to 462064 and dow jones industrial average djia falling 148 to 3536544 the stocks fall snapped a threeday winning streak celanese corp closed 1482 short of its 52week high 17405 which the company achieved on november 10th the stock underperformed when compared to some of its competitors friday as exxon mobil corp xom fell 218 to 6003 eastman chemical co emn fell 118 to 11868 and westlake chemical corp wlk fell 001 to 9223 trading volume 15 m eclipsed its 50day average volume of 678102 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 unitedhealth and intel are posting losses thursday morning sending the dow jones industrial average into negative territory shares of unitedhealth unh and intel intc have contributed to the indexs intraday decline as the dow djia was most recently trading 125 points lower 04 unitedhealths shares are down 689 or 14 while those of intel are down 034 or 11 combining for an approximately 48point drag on the dow apple aapl nike nke and amgen amgn are also contributing significantly to the decline a 1 move in any one of the 30 components of the benchmark equates to 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

toronto oct 1 reuters canadas main stock index rose on friday as the prospect of the first oral antiviral medication for covid19 boosted the sectors that could benefit most from a recovery in economic growth but the market still posted a decline for the week the toronto stock exchanges sptsx composite index gsptse ended up 8062 points or 04 at 2015087 wall street also rose gains for stocks came as experts hailed an experimental antiviral pill developed by merck co mrkn as a potential breakthrough in how the covid19 virus is treated read more because weve been floundering for a few weeks investors have seized on this as a potential catalyst to perhaps speed up the timeline of recovery from covid said elvis picardo a portfolio manager at luft financial ia private wealth you are seeing the cyclicals move up nicely today the industrials and consumer discretionary groups both rose 09 while the heavilyweighted financial services sector ended 07 higher data showed that canadas economy expanded 07 in august after a slight contraction in july read more still the toronto market fell 12 for the week its fourth straight weekly decline the whole scare about inflation investors might be taking it a little bit more seriously picardo said you have seen bond yields tick up youve seen crude oil come back really strongly us crude oil futures settled 11 higher at 7588 a barrel on friday supported by tight supplies due to opec supply curbs read more the energy sector on the tsx rose 05 while technology was up 06 reporting by fergal smith additional reporting by amal s in bengaluru editing by sandra maler

nov 16 reuters major stock markets in the gulf retreated in early trade on wednesday tracking asian shares after a blast in poland raised fears that the russianukraine conflict could spill over nato member poland said a russianmade rocket killed two people in eastern poland near ukraine and it summoned russias ambassador to warsaw for an explanation after moscow denied it was responsible worries over a potential ratcheting up of geopolitical tensions spurred a drop of 1 in mscis broadest index of asiapacific shares outside japan miapj0000pus saudi arabias benchmark stock index tasi dropped 1 dragged down by a 09 fall in retal urban development co 4322se and a 11 decline in oil giant saudi aramco 2222se the kingdom recorded an 85 yearonyear slump in secondquarter foreign direct investment fdi flows an investment ministry report showed on tuesday fdi inflows were at 79 billion riyals 210 billion in the second quarter compared with about 519 billion riyals in the same period last year meanwhile abdullah al othaim markets co 4001se surged 8 after the food retailer announced distribution of cash dividend of 75 riyals per share for the third quarter crude prices a key catalyst for the gulfs financial markets slid as covid19 cases in china continued to climb sparking worries of lower fuel demand in the worlds top crude importer that outweighed concerns about an escalation of geopolitical tensions and tighter oil supply the qatari benchmark qsi dropped 11 weighed down by a 18 fall in qatar islamic bank qisbqa and a 08 decline in qatar national bank qnbkqa reporting by ateeq shariff in bengaluru editing by subhranshu sahu

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crowdstrike holdings stock tumbled in 2022 and one director scooped up shares of the provider of security software in the last week of that year crowdstrike ticker crwd lost about half of its market value last year it and other software companies are seeing customers cut spending as economic uncertainty looms at the end of november the company provided a disappointing fiscalfourthquarter outlook sending its shares sliding just three months before crowdstrike had raised guidance which might indicate how difficult it is for tech companies to navigate the current climate

the us is not in recession yet and it has the good old american consumer to thank for that the economy growing 26 in the third quarter is evidence of that mastercard and visa earnings in particular also pointed to strong travel and consumer spending with the holiday season fast approaching though it’s unclear how much longer consumers will be willing to power through accepting higher prices that’s especially the case with the federal reserve focused on hiking interest rates and controlling inflation rather than avoiding a recession

recession fears compounded last week following actions from the federal reserve and other central banks to tame inflation along with the release of downbeat us economic data those concerns pushed the s p 500 into bear market territory closing fridays session down 237 from its january record the dow jones industrial average closed out the week down 191 from its alltime high just outside of a bear market all that said morgan stanley highlighted some stocks it thinks are equipped to weather this type of storm strategists at the bank screened the russell 1000 index excluding financials real estate and utilities for companies with strong balance sheets here are the criteria used for the screen cash as a percent of enterprise value of more than 3 more than 5 free cash flow growth expected by analysts in each of the next two years return on invested capital expected in each of the next two years of more than 10 assetstoliabilities multiple of more than 1 debttoequity ratio of less than 25 this screen includes only stocks that have investment grade credit ratings and excludes names with negative equity check out 10 names that made the list micron made morgan stanleys list with cash as a percent of enterprise value at 122 the chipmakers free cash flow is also expected to more than double next year and expand by nearly 52 the year after that the companys stock has struggled this year falling roughly 40 in that time howe ver ubs last week reiterated it as a top pick noting that company specific and industry factors should support its margins amid macro concerns we believe investors continue to overlook several key factors analyst tim arcuri wrote although end market weakness in pcsmartphones is weighing somewhat on near term dram asps we see very strong pricing support heading into c2023 as the industry growth in bit supply is set to compress significantly united therapeutics topped morgan stanleys list with cash as a percent of enterprise value at 249 analysts also expect doubledigit free cash flow growth in the next two years and see return on investment capital at 143 and 135 during those years shares of the biotech company have outperformed the market in 2022 eking out a slight gain in that time the stock is also up 20 over the past 12 months shoemaker skechers also made the cut with 85 cash as a percent of enterprise value the companys free cash flow is expected to grow by just 71 next year but its forecast to jump by 725 the year after the stock is down about 16 in 2022 outperforming the s p 500 argus research upgraded it to buy from hold last week noting that the companys supplychain initiatives and strong brand are likely to boost revenue and earnings over the next two years googleparent alphabet is also on the list sporting cash as a percent of enterprise value of 72 the companys free cash flow is also expected to grow by 134 and 177 in each of the next two years alphabet shares have fallen 26 this year as investors have broadly dumped technology names in the face of rising rates other stocks that made the list are arista networks johnson johnson merck five below jabil and emerson electric —cnbcs michael bloom contributed to this report

hoth therapeutics inc shares were up 77 to 775 in premarket trading after the company said that the us food and drug administration has accepted an investigational new drug application for ht001 the company said its ht001 therapeutic is for the treatment for rash and skin disorders associated with epidermal growth factor receptor inhibitor therapy epidermal growth factor receptor inhibitors are critical therapeutic agents for the treatment of nonsmall cell lung cancer pancreatic cancer colorectal cancer squamouscell carcinoma of the head and neck and breast cancer hoth said it expects to begin its phase 2a trial in the first quarter of 2023 the stock closed up 43 on wednesday and hit its 52week low of 261 on dec 20

glanbia plc said thursday that revenue rose in the first quarter and that it has raised its guidance for 2022 the nutrition company said that wholly owned revenues rose 25 on a constant currency basis on year due to demand across glanbia performance nutrition and glanbia nutritionals the company also said it has taken action to mitigate inflation with pricing up 17 and volume growth at 69 glanbia has raised its guidance following a strong first quarter it now expects 5 to 10 growth in adjusted eps on a constant currency basis

as the ultimate defensive bluechip stock berkshire hathaway is lagging the overall market this year as investors favor more speculative issues this marks a change from 2022 when berkshire hathaway brkb handily topped the sp 500 index

sigmatron international inc shares were recently up 49 to 1203 after the electronic manufacturing services company reported favorable secondquarter results and strong backlog and demand revenue rose 44 to 1002 million while earnings per share increased to 69 cents from 15 cents the revenue line as well as the cost of products sold are inflated due to significant premiums paid for raw material by our customers which are close to a pass through in terms of margin the company said however putting that aside we still reported operating income of 50 million for the quarter sigmatron said there has been no perceivable change in terms of trade policy between the united states and china and this continues to drive existing and potential customers to look at mexico as a favored supply chain solution the company also said the volatility of the electronic component marketplace remains with us and from our perspective is getting worse and not better shortages in other commodity markets have affected final production for customers it said causing them to slow or push out consumption of assemblies from us

shares of avery dennison corp avy slipped 228 to 17620 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 024 to 437394 and dow jones industrial average djia falling 049 to 3389260 avery dennison corp closed 5304 below its 52week high 22924 which the company reached on november 8th the stock underperformed when compared to some of its competitors monday as 3m co mmm fell 124 to 14865 huntsman corp hun fell 015 to 4044 and intertape polymer group inc itpof rose 552 to 1910 trading volume 698061 eclipsed its 50day average volume of 522139 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

traders work on the floor of the new york stock exchange nyse july 26 2023 futures tied to the dow jones industrial average added 11 points or 003 sp 500 futures and nasdaq 100 futures each inched higher by about 006 earnings season continued shaking up select names in afterhours trading palantir technologies added 3 after the company posted a 13 increase in secondquarter revenue educational tech company chegg popped 25 after reporting secondquarter revenue of 183 million beating analysts estimate of 177 million per refinitiv during mondays regular session the 30stock dow surged more than 400 points or nearly 12 for its best day since june 15 the nasdaq composite added 06 and sp 500 closed higher by 09 the techheavy nasdaq and the broadmarket index broke fourstraight sessions of losses the corporate earnings season has so far been betterthanexpected roughly 85 of sp 500 stocks have reported quarterly results and nearly 80 of them have beaten wall streets expectations according to factset companies still set to report results this week include united parcel service under armour and rivian on tuesday as well as disney and wynn resorts on wednesday the good news is that the earnings troughrecession is likely coming to an end with earnings growth expected to accelerate over the coming quarters said dylan kremer cochief investment officer at certuity looking ahead earnings projections seem a bit lofty to us relative to revenue growth estimates particularly starting in q124 on the economic data front traders are looking ahead to julys consumer price index report out thursday the inflation metric could put wall streets belief in a soft landing to the test economists polled by dow jones are calling for a monthly increase of 02 in july and a yearoveryear rise of 33

shares of caterpillar inc cat dropped 043 to 23448 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 061 to 399532 and dow jones industrial average djia falling 042 to 3396635 the stocks fall snapped a twoday winning streak caterpillar inc closed 537 short of its 52week high 23985 which the company achieved on november 14th the stock underperformed when compared to some of its competitors wednesday as deere co de rose

indusind bank ltd 532187 shares inched up 038 to 108270 indian rupees monday on what proved to be an allaround rough trading session for the stock market with the sp bse sensex index 1 falling 030 to 5928835 indusind bank ltd closed 19255 rupees below its 52week high 127525 rupees which the company achieved on september 20 the stock demonstrated a mixed performance when compared to some of its competitors monday as union bank of india unionbank fell 060 to 6645 rupees and state bank of india sbin rose 128 to 52770 rupees trading volume 53188 remained 56574 below its 50day average volume of 109762 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 torontodominion bank td slid 007 to c9036 tuesday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 036 to 2117001 the stocks fall snapped a twoday winning streak torontodominion bank closed c034 below its 52week high c9070 which the company reached on october 26th trading volume of 21 m shares remained below its 50day average volume of 57 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 activision blizzard inc atvi fell 03 in premarket trading monday after the video game company with franchises including call of duty warcraft and candy crush reported firstquarter profit and revenue that missed expectations the company which announced in january a 69 billion acquisition deal with microsoft corp msft which is expected to close by june 30 said net income fell to 395 million or 50 cents a share from 619 million or 79 cents a share in the yearago period excluding nonrecurring items adjusted earnings per share fell to 64 cents from 98 cents below the factset consensus of 71 cents revenue declined 223 to 177 billion missing the factset consensus of 182 billion as digital online channels revenue dropped 208 to 159 billion the company said call of duty net bookings declined reflecting lower premium sales for call of duty vanguard and results from its blizzard business were lower reflecting product cycle timing for the warcraft franchise the stock has rallied 182 year to date through friday while the sp 500 spx has lost 104

goldman sachs is loving these global energy stocks amid the market volatility

shares of under armour inc uaa ua rallied 08 in premarket trading friday after the athletic apparel and accessories company said it has entered into a 300 million accelerated share repurchase asr agreement the asr was entered into with jpmorgan chase bank national association bank of america na and citibank na the asr is part of its stock buyback program which now has about 200 million remaining the stock has tumbled 313 over the past three months through thursday while the sp 500 spx has lost 88

shares of hewlett packard enterprise co hpe rallied 296 to 1807 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 042 to 449938 and dow jones industrial average djia falling 045 to 3531449 this was the stocks fourth consecutive day of gains hewlett packard enterprise co hit a new 52week high surpassing its previous peak of 1774 which the company reached on july 27th the stock outperformed some of its competitors tuesday as apple inc aapl rose 053 to 17980 microsoft corp msft fell 123 to 32605 and cisco systems inc csco rose 009 to 5306 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