WRTV News at 11 | Friday, Jan. 14, 2022
WRTV News at 11 | Friday, Jan. 14, 2022
These companies produce the only thing that matters.
Rising interest rates, supply chain constraints and Russia’s invasion of Ukraine are all issues currently plaguing the macro climate. The problem with all three, says Tony Dwyer, Canaccord Chief Market Strategist, is that for each problem there’s “no easy exit strategy.” The tough conditions are likely to persist, then. However, on the plus side, while these issues have sent most corners of the stock market into a tailspin, now investors are presented with stocks for which the term “oversold” re
It’s been a terrible week in an awful year for the stock market. Walmart (WMT) Target (TGT) and Tencent (HK:700) each reported disappointing results to add fuel to the worries about interest-rate hikes and quantitative tightening. Over the last six weeks, equity redemptions have totaled $46 billion, versus $91 billion when the COVID outbreak first became apparent, according to Sean Darby, chief equity strategist at Jefferies.
This has been an absolutely rotten year to be a growth stock investor. The iShares S&P 500 Growth ETF has fallen a staggering 26% this year. But the dark clouds hanging over the market are lined with silver for patient investors who stick with terrific businesses like Roku (NASDAQ: ROKU), SoFi Technologies (NASDAQ: SOFI), and Matterport (NASDAQ: MTTR).
The simultaneous decline of multiple asset classes is unusual. Here's what bottomed first 40 years ago.
Novavax (NASDAQ: NVAX) investors are no strangers to tragedy. On Feb. 9 in 2021, shares of the coronavirus vaccine developer hit their all-time high of $331.68. Are longtime shareholders doomed to heavy losses forever, or will Novavax return to its glory days?
Companies could be returning trillions to shareholders. Here’s how to accept it.
Cathie Wood is a long-time Tesla bull, but the stock isn't the largest holding in Wood's ARK Innovation ETF anymore.
(Bloomberg) -- The late Nobel Prize-winning economist Paul Samuelson once quipped that Wall Street had predicted nine out of the last five recessions. This time, the stock market may be right.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightChina in Talks With Russia to Buy Oil for Strategic ReservesApple Shows AR/VR Headset to Board in Sign of Progress on Key Project Target and Walmart’s Deep Pain Could Be Your GainAge of Scarcity Beg
Vulcan Value Partners, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. All five of the fund’s strategies trailed their respective benchmarks during the quarter. According to the fund, they ‘place no weight on short-term results, good or bad, and neither should you’. Vulcan Value […]
Deere & Company (NYSE: DE) reported net income of $2.098 billion for the second quarter ended May 1, 2022, or $6.81 per share, compared with net income of $1.790 billion, or $5.68 per share, for the quarter ended May 2, 2021. For the first six months of the year, net income attributable to Deere & Company was $3.001 billion, or $9.72 per share, compared with $3.013 billion, or $9.55 per share, for the same period last year.
After hitting their all-time low earlier this week, shares of Rivian Automotive (NASDAQ: RIVN) are bouncing higher today. The stock gained as much as 11.4% today, and still sits 9.7% above yesterday's closing share price, as of 2:42 p.m. ET. The rebound comes as some investors seem to feel the recent low marked a bottom for the stock.
For years, oil supermajors like ExxonMobil (NYSE: XOM) dominated the energy sector. With globally diversified operations and strong balance sheets, they were well-designed to weather the sector's ups and downs. In its place, a new energy supermajor is emerging.
What happened Several days after experiencing a pleasant share price pop on good regulatory news, Dynavax (NASDAQ: DVAX) repeated the feat on Thursday. An important partner for the company reported an encouraging development that morning, also in the regulatory sphere.
In the fourth quarter, Nvidia stock was hitting all-time highs. The graphics-chip specialist was joined by Advanced Micro Devices and a handful of high-quality growth stocks. The S&P 500 and Nasdaq were at all-time highs, despite several notable growth stocks trading at bear-market levels.
Yahoo Finance's Jared Blikre breaks down earnings results for Applied Materials and Ross Stores.
(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.
Since early this year, Wall Street has faced a storm of macro headwinds that have turned last year’s bullish run into a bearish trend. Year-to-date, the NASDAQ is down 27%, and the S&P, with a loss of 18%, is not far behind. The drop in the markets comes along with gains in Treasury bonds – the 10-year Treasury note rate is nearly up to 2.9%. In a thumbnail summary, we can say that last year, investors looked at the markets through TINA’s (there is no alternative) eyes; now, conditions are start
(Bloomberg) -- Russia is cutting Finland off from its natural gas supplies as relations between the two neighbors sour over the Nordic nation’s decision to join defense alliance NATO.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightChina in Talks With Russia to Buy Oil for Strategic ReservesApple Shows AR/VR Headset to Board in Sign of Progress on Key Project Target and Walmart’s Deep Pain Could Be Your GainAge of Scarcity Begins With
An earnings recession is not the biggest threat facing the stock market right now. To show that an earnings recession doesn’t necessarily doom the stock market, consider the S&P 500’s (SPX) quarterly return when its earnings-per-share (EPS) is falling. On average over the past century, according to an analysis conducted by Ned Davis Research, the S&P 500 has performed better when its EPS were lower than a year previously — not higher.