Earnings season is here, and the US stock market’s furious $9 trillion 2024 rally is facing perhaps its biggest test of the year. Strategists are predicting that companies in the S&P 500 Index will post their weakest results in the past four quarters, with just a 4.3% increase in third-quarter profits compared with a year…
10x Genomics (TXG) stock crashed Thursday after the medtech reported preliminary third-quarter sales that widely missed Street expectations, thanks to a highly “disruptive” reorganization. ↑ X NOW PLAYING How To Sell Stocks: Long-Term Trend Lines The company is a leader in spatial biology, a process that involves understanding where specific cells and tissues are within…
Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures. The stock market fell slightly Thursday amid talk of a Fed rate-cut “pause.” Nvidia (NVDA) resumed its strong run, with several tech plays making bullish moves. All eyes will be on Elon Musk and the Tesla robotaxi event tonight, with…
Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. The CPI inflation report and Delta earnings are due before the open, with the “game changing” Tesla robotaxi event looming Thursday night. The stock market rally rose solidly again Wednesday, with the S&P 500 hitting an all-time high and the…
Wall Street analysts Tuesday clashed on Microsoft‘s (MSFT) prospects ahead of the software giant’s September-quarter earnings report. One brokerage firm downgraded Microsoft stock to neutral while two others maintained their buy ratings. Oppenheimer analyst Timothy Horan lowered his rating on Microsoft stock to perform, or neutral, from outperform. In a client note, he said the…
Bank stocks and financial companies — a major contributor to S&P 500 earnings — are queueing to report for the third quarter after the Federal Reserve jumped into its rate-cutting campaign in September. The IBD earnings calendar shows Wells Fargo (WFC), Bank of New York Mellon (BK), JPMorgan Chase (JPM) and BlackRock (BLK) are due…
Stocks picked up steam and closed near session highs Tuesday as investors worked to make up for Monday’s losses. Big Tech names Meta Platforms (META), Microsoft (MSFT) and IBD 50 name Nvidia (NVDA) were among those who reaped gains during the rally on the stock market today. The tech-heavy Nasdaq composite lifted its gains to…
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Traders will head to their desks this morning with some relief as the jaw-dropping gains in China ease….
Traders are staring down a series of risks after the stock market’s torrid start to the year, from economic fear, to interest rate uncertainty, to election angst. But perhaps the most important variable for whether equities can keep rolling returns to the spotlight this week: corporate earnings. The S&P 500 Index has soared roughly 20%…
Goldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing’s stimulus blitz. Gauges tracking the nation’s equities may rise another 15%-20% if authorities deliver on policy measures, strategists including Tim Moe wrote in a note dated Oct. 5….