Good MorningEquity markets retreat on Thursday as fears of slowing earnings and recession took hold of the market again. The fear was driven by a rebound in the 10-year Treasury yield and weaker-than-expected results from a number of retailers. While the Q3 period was generally better than expected, the outlook for Q4 and 2023 has dimmed and brought the consensus figures for the entire S&P 500 down with them.
Economic data added to the doom and gloom on Wall Street. The Philly Fed's MBOS came in at -19 and much weaker than expected showing a deep contraction within one of the Northeast's busiest manufacturing centers. When added to the bulk of data the Philly Fed news points to a worsening outlook for 2023 and one that could bring a sustained economic contraction for the US and the S&P 500. Featured: Buy THIS stock before Taiwan is attacked… (Behind the Markets) 
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Markets | | | Share buybacks, capacity expansion, acquisition plans, and semiconductor trade skirmishes all factor into the recent uptrend in Netherlands-based chip gear maker ASML (NASDAQ: ASML).
Shares soared 17.82% in the past week and 52.41% in the past month, and are currently trading 24% above their ... Read the Full Story |
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Politics | | | Asian stock markets fell Friday while Europe opened higher after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation.
London and Frankfurt advanced while Shanghai, Hong Kong and Tokyo declined. Wall Street futures wer... Read the Full Story |
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Politics | | | Asian stock markets fell Friday while Europe opened higher after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation.
London and Frankfurt advanced while Shanghai, Hong Kong and Tokyo declined. Wall Street futures wer... Read the Full Story |
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Politics | | | Threats to peace and stability burst onto the agenda at a summit of Pacific Rim leaders Friday in Bangkok after North Korea fired an intercontinental ballistic missile that landed near Japanese territorial waters.
The missile test was a stark reminder of persisting risks of conflict ... Read the Full Story |
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Markets | | |
Advance Auto Parts (NYSE:AAP) is down more than 15% after missing badly on the bottom line in its third-quarter earnings report. The company’s revenue of $2.64 billion came in roughly in-line with expectations. But on the bottom line, analysts were expecting $3.40 of earnings per share (EPS)... Read the Full Story |
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Markets | | |
Investors, traders and short-sellers interested in the next major catalyst for Mullen Automotive (NASDAQ: MULN) stock should circle December 23rd, 2022 on their calendars. On that day the company will vote on a number of major proposals that have great bearing on its future. Among them are a rever... Read the Full Story |
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Politics | | | European Central Bank President Christine Lagarde warned Friday that the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth as the bank fights to control record inflation in the 19 countries that use the euro.
“We ex... Read the Full Story |
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Politics | | | At the U.N. climate summit in Egypt, leaders of developing nations have repeatedly said it's not fair to expect them to cover the costs of rebuilding from devastating weather events in a warming world, plus invest in cleaner industry while they also pay much higher interest rates on loans than rich ... Read the Full Story |
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Markets | | | Verra Mobility (NASDAQ: VRRM) is a smart mobility technology solutions company that operates three segments: Government Solutions, Commercial & Fleet Services, and Parking Solutions. Government Solutions services the dreaded photo enforcement cameras for running red lights, speeding, and school ... Read the Full Story |
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Markets | | | It’s always darkest before the dawn, and so it might well have been for shareholders of NVIDIA (NASDAQ: NVDA) in the middle of last month. They had had to watch the stock drop all year, almost 70%, from the all-time high they tagged this time last year. And crucially, shares were after droppin... Read the Full Story |
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Friday's Early Bird Stock Of The Day Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California. | | View Today's Stock Pick |
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