Category: Outlook
-
Netflix adds 8 million subscribers, disappoints on revenue outlook
•
Netflix (NFLX) reported second-quarter earnings on Thursday, initially sending the stock down 6% in after-hours trading after the streaming giant’s revenue forecast fell short of Wall Street’s expectations for the current quarter. But shares rebounded during the earnings call as investors digested another subscriber gain of more than 8 million…
-
Abbott posts Q2 earnings beat, lifts full-year outlook By Investing.com
•
Abbott Park, Illinois – Abbott Laboratories The American healthcare company (NYSE:) reported second-quarter earnings that beat Wall Street expectations and raised its full-year adjusted earnings guidance, signaling confidence in its diversified healthcare portfolio. The company reported adjusted earnings per share of $1.14, beating analysts’ estimates of $1.11. Revenue for the…
-
United Airlines Q3 profit outlook disappoints amid industrywide discounting pressure By Reuters
•
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday forecast lower-than-expected profit in the current quarter as the industry grapples with a surplus of seat capacity in the domestic market that has undermined airlines’ pricing power. The Chicago-based airline expects adjusted earnings of $2.75 to $3.25…
-
Wall Street dives into Dollar General’s outlook By Investing.com
•
About the company Dollar General Corporation (NYSE:), a leader in the U.S. discount retail sector, continues to operate in a complex market environment. Its extensive network of more than 14,000 stores offers a broad range of products, including consumer goods, seasonal items, home products and apparel. With CEO Todd Vasos…
-
Weekly Market Outlook (15-19 July)
•
Upcoming Events: Monday:New Zealand Services PMI, People’s Bank of China MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, Bank of Canada Business Expectations Survey, Fed Chair Powell. Tuesday:Eurozone ZEW index, Canadian CPI, US retail sales, US NAHB housing market index. Wednesday:New Zealand Q2 CPI, UK CPI, US housing…
-
Delay in energy transition could be ‘costly and disorderly,’ BP says in annual outlook
•
SlavkoSereda/iStock via Getty Images Oil futures gave up early gains and settled lower on Friday, capping off the first weekly loss after four straight positive weeks, as the recent rally in prices allowed traders to to exit their positions with healthy profits. Prices are supported by A weak U.S. inflation…
-
Gilead Sciences stock upgraded by Raymond James on strong growth outlook for new drugs By Investing.com
•
On Monday, Raymond James changed its stance on Gilead Sciences Inc. (NASDAQ:GIL) stock, upgrading it from “market perform” to “outperform.” The firm also set a $93.00 price target for the biopharmaceutical company. This update is bolstered by promising data from the PURPOSE-1 study of lenacapavir, a long-acting HIV pre-exposure prophylaxis…
-
Weekly Market Outlook (08-12 July)
•
Upcoming Events: Monday:Japan wage data. Tuesday:National Federation of Businesses Small Business Optimism Index, Fed Chair Powell’s testimony. WednesdayJapan PPI, China CPI, RBNZ Monetary Policy Decision, Fed Chair Powell Testimony. ThursdayUK GDP, US CPI, US unemployment claims. Friday:New Zealand Manufacturing PMI, US Producer Price Index, University of Michigan Consumer Confidence Index…
-
European Stocks Drop on Rates Outlook, France Poll: Markets Wrap
•
(Bloomberg) — European stocks fell after policymakers signaled they needed more evidence that price pressures were under control, even as the latest data showed euro-area inflation slowing slightly. Most Read from Bloomberg The pan-European Stoxx 600 index fell about 0.5%, led by insurers and automakers. France’s CAC 40 lost most…
-
Market Outlook for the Week of 1st – 5th July
•
On Monday, the most important event will be the release of the ISM Manufacturing PMI and ISM Manufacturing Prices for the US. On Tuesday, the euro area will publish preliminary core CPI y/y and preliminary CPI y/y estimates. In addition, ECB President Lagarde and Fed Chair Powell will participate in…
-
France’s elections see strong voter turnout amid uncertain outlook (NYSEARCA:EWQ)
•
Sylvain Lefebvre/Getty Images News Large numbers of voters in France went to the polls in the first round of legislative elections called unexpectedly by President Emmanuel Macron this month, the New York Times reported on Sunday. Macron’s move is seen as a political gamble. This may herald the formation of…
-
Weekly Market Outlook (01-05 July)
•
Upcoming events: Monday:China Caixin Manufacturing PMI, Swiss Retail Sales, US ISM Manufacturing PMI. Tuesday: Reserve Bank of Australia meeting minutes, Eurozone CPI, Eurozone unemployment rate, Canada manufacturing PMI, US jobs, Fed Chair Powell. Wednesday:Australian Retail Sales, China Caixin Services PMI, Swiss Manufacturing PMI, Eurozone PPI, US ADP, US Jobless Claims,…
-
MUFG: EUR/USD outlook amid French elections and June NFP print
•
Euro to US Dollar Monthly MUFG discusses the potential impact of the French elections and June’s non-farm payrolls report on EUR/USD. The focus is on the risk premium already priced into EUR/USD and how the election results could influence further moves. the main points: the current situation: Stability: The EUR/USD…
-
Walgreens CEO calls consumers ‘increasingly selective and price-sensitive’ as retailer cuts profit outlook
•
Walgreens’ (WBA) quarterly results are the latest sign that U.S. consumers are under increasing pressure. Shares of Walgreens Boots Alliance fell 24% on Thursday after the retail pharmacy chain cut its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing a “sustained decline”…
-
Market Outlook Turns Bullish For ADA
•
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
-
Market Outlook Turns Bullish For ADA
•
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, Cardano’s decentralized mechanisms and architecture effectively mitigated the attack, ensuring stability and uninterrupted operation. This offer of flexibility has won praise from bullish investors and renewed confidence in the price…
-
Wolfspeed’s new factory reaches milestone, Durham plant incident affects outlook
•
TomekD76/iStock via Getty Images wolf speed(New York Stock Exchange: Wolf) A new silicon carbide manufacturer in Mohawk Valley, New York, has reached 20% chip start-up, a critical milestone, but an incident at its Durham, North Carolina, facility prompted the semiconductor company to update its guidelines. Involved decreased 1% during Pre-market…
-
Analysis-China’s retail outlook dims after mid-year shopping festival flop By Reuters
•
By Casey Hall SHANGHAI (Reuters) – China’s retailers face a difficult near-term future after a disappointing mid-year online shopping festival that cast a shadow over the recovery prospects of the world’s second-largest economy. E-commerce sales fell for the first time during the so-called 618 Festival that ended last week, reports…
-
Stock market outlook: S&P 500 could soar to 15,000 by end of decade
•
Tom Lee, co-founder of Fundstrat Global Advisors, was among the few voices on Wall Street last year who predicted a stock market rally while most of his peers saw a decline amid widespread expectations of a recession. But he – and the American economy – proved that the pessimists were…
-
Weekly Market Outlook (24-28 June)
•
Upcoming events: MondaySummary of the views of the Bank of Japan and the German IFO. Tuesday: Canadian Consumer Price Index, US Consumer Confidence. Wednesday: Australia’s monthly consumer price index. Thursday: Japanese Retail Sales, US Durable Goods Orders, US Final Q1 GDP, US Unemployment Claims. Friday: Tokyo CPI, UK Final Q1…