Yahoo Finance Plus 
After notching some gains in early trading, the major indexes are attempting to reclaim some of their steep weekly losses.
Peru, the world's second-largest copper producer, risks losing out on billions of dollars of mining investment if the government fails to defuse protests that are hitting the industry and denting production, analysts and executives said. Social conflicts have risen in the Andean nation over the past year since socialist President Pedro Castillo came into office, with a spate of protests against mines, including one that has halted production at the huge Las Bambas copper deposit. With global prices soaring on high demand, that now threatens a mining investment pipeline of some $53 billion and could stall future projects expected by investment bank RBC to make up 12% of the world's copper supply in years to come.
High-quality items seldom go on sale. Grab them when they do.
In contrast to the overall market, lending technology company Upstart Holdings (NASDAQ: UPST) was a major outperformer, with shares rising by about 6%. Upstart recently plunged by more than 50% after its first-quarter earnings, and the biggest reason was that the dollar amount of loans carried on Upstart's balance sheet more than doubled. Recently, Upstart's management has made it clear that it understands investors' concerns and is going to immediately take steps to address them.
Retail stocks including Costco (NASDAQ: COST), Kohl's (NYSE: KSS), and Five Below (NASDAQ: FIVE) were getting shocked today after retail giants including Walmart and Target badly missed bottom-line estimates and their first-quarter earnings reports. Both companies also cut their guidance for the year, warning that challenges from inflation and supply chain disruptions would persist. As of 11:05 a.m. ET, Costco stock was down 11.4%, while Kohl's had given up 10%, and Five Below was off 9.1%.
Shares of Apple (NASDAQ: AAPL) were falling 3.9% heading into noontime trading Wednesday as retail sector earnings have been weaker than expected this week and the Federal Reserve is expected to further tighten the screws on the economy. There has also been an uptick in cases of COVID-19, which caused Apple to delay implementation of its three-days-in-the-office policy.
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on the menu for the bulls in the coming months and years, Guggenheim Partners Global Chief Investment Officer Scott Minerd told MarketWatch in an interview. The prominent CIO on Wednesday said he envisioned the possibility of a dreadful summer and fall for stock-market investors — one in which the Nasdaq Composite Index (COMP) eventually unravels, plunging 75% from its Nov. 19, 2021, peak (currently it’s down around 28%) and the S&P 500 (SPX) tumbles 45% from its Jan. 3, 2022, peak (from which presently down 18%) as we head into July. “That looks a lot like the collapse of the internet bubble,” Minerd said, referring to the implosion of technology stocks in 1999 and early 2000.
(Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam". In it changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc and oil refiner Phillips 66 while dropping Delta Air Lines and Chevron Corp, according to an announcement. The back-and-forth over the index changes reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues, a growing area of investing.
On Tuesday, airline stocks got a lift after United Airlines Holdings (NASDAQ: UAL) said that so far, at least, demand is holding up well in the face of rising inflation. Shares of United, American Airlines Holdings (NASDAQ: AAL), and Spirit Airlines (NYSE: SAVE) all fell about 5%, and planemaker Boeing (NYSE: BA) also traded down by a similar amount. As I said yesterday, these are volatile times to be investing in airline stocks.
Investors further considered remarks from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs.
The trends highlighted by Target's and Walmart's disappointing results bode poorly for Amazon. Investors reacted with shock, sending shares down sharply.
Applied Materials (NASDAQ: AMAT) stock has lost a quarter of its value on the market in 2022, but shares of the company that supplies semiconductor manufacturing equipment to foundries have been in recovery mode over the past week. It won't be surprising to see Applied Materials stock get a nice shot in the arm when it releases its fiscal 2022 second-quarter results after the market closes on May 19. Applied Materials has won big from the global semiconductor shortage over the past couple of years, consistently logging robust top- and bottom-line growth.
Yahoo Finance Live anchors discuss first-quarter earnings for Target.
Recession fears were in the air as leading retailers reported terrible earnings and the Fed raises rates.
Shares of the e-commerce juggernaut Amazon (NASDAQ: AMZN) were falling today as investors processed the disappointing quarterly financial results recently reported from two of Amazon's peers. Additionally, Amazon's stock was tumbling today as investors continued to worry about rising inflation and how the Federal Reserve's action in response to it could slow down the economy. As of 11:39 a.m. ET, Amazon's stock had fallen 5.4%.
The tech sector lost its luster this year as rising interest rates sparked a rotation toward more conservative investments. Instead of blindly selling all of your tech stocks, you should simply stick with well-run blue-chip companies, which generate stable growth and plenty of cash while trading at reasonable valuations. Accenture is one of the world's largest IT service companies.
Image source: The Motley Fool. ZIM Integrated Shipping Services Ltd. (NYSE: ZIM)Q1 2022 Earnings CallMay 18, 2022, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.
Warren Buffett and Cathie Wood, although widely different in their philosophies, are two of the world's most prominent investors today. Buffett is famously known for his value investing strategy, where he looks for companies that are unjustifiably cheap based on their intrinsic values. The star stock picker also prefers companies with wide economic moats, high dividend yields, and easy-to-understand business models.
Keeping up the returns would be a neat trick in today’s market, as the main indexes are all steeply down for the year so far – with losses of 15% on the S&P 500 and 24% on the NASDAQ. For investors, then, the best strategy may just be to follow a winner. Billionaire investing legend George Soros is most definitely a winner. He’s built a portfolio worth billions, and had possibly the greatest bull run in hedge fund history, averaging 30% annualized returns for 30 years. Starting in 1992, when he
Palantir (NYSE: PLTR) and Amazon (NASDAQ: AMZN) both burned the bulls after their stocks hit all-time highs last year. Palantir's stock started trading at $10 after the data-mining firm went public via a direct listing in September 2020. Amazon's stock closed at an all-time high of $3,731.41 last July, but it subsequently tumbled to about $2,200 as investors fretted over its slowing e-commerce growth and rising expenses.
EV makers in China are still feeling the effects of lockdowns, but a new report today says help may be on the way.
Yahoo Finance