key stock market drivers and how he’s trading the market

key stock market drivers and how he’s trading the market

It’s been a tough year for markets, as investors grapple with a strong U.S. dollar, stubbornly high consumer prices and the prospect of higher-for-longer interest rate hikes. “The market backdrop is very much dominated by the actions of central banks and what appears to be increasingly hawkish rhetoric. It will be the path of inflation, … Read more

Here are Tuesday’s biggest analyst calls: FedEx, McDonald’s and Lucid

Here are Tuesday’s biggest analyst calls: FedEx, McDonald’s and Lucid

Here are Tuesday’s biggest calls on Wall Street. Goldman Sachs downgrades Keurig Dr Pepper to neutral from buy Goldman said it sees increased risk to Keurig ‘s margins amid higher coffee prices. “We now see a more balanced risk/reward and therefore downgrade the stock to a Neutral rating from a Buy given our expectation that … Read more

5 things to know before the stock market opens Friday, September 23

5 things to know before the stock market opens Friday, September 23

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, September 9, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Is this week over yet? U.S. stock futures fell Friday, putting markets on course for … Read more

FedEx, Costco, Boeing and more

FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit … Read more

Futures fall following another day of losses after Fed rate hike, sell-offs

Futures fall following another day of losses after Fed rate hike, sell-offs

Stock futures were lower on Friday morning as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing. The Nasdaq 100 was down 0.48%. Dow Jones Industrial Average futures fell by 91 points, or 0.3%. S&P 500 futures increased 0.36%. Costco stock was down about 2.6% in extended trading. Although … Read more

AutoZone, Take-Two Interactive, bluebird bio and more

AutoZone, Take-Two Interactive, bluebird bio and more

Take a look at some of the biggest movers in the premarket: AutoZone (AZO) – AutoZone gained 3.9% in premarket action after the auto parts retailer reported better-than-expected profit and revenue for its latest quarter. AutoZone’s same-store sales rose 6.2% compared to a year ago, twice what analysts had predicted amid continued strength in its … Read more

My big worry with the Fed and why we’re in a holding pattern

My big worry with the Fed and why we’re in a holding pattern

There’s a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. He’s strictly a creature of broad government economic reports — the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm employment numbers. He also cares about what his fellow Fed … Read more

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point Wednesday, but it is what it signals about future rate hikes that will drive markets. The central bank’s two-day meeting Tuesday and Wednesday comes in a week where investors will also be on high alert for more guidance about corporate … Read more

How Powell and the Fed may react to FedEx warning

How Powell and the Fed may react to FedEx warning

CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected — meaning the central bank could take a step back after its meeting next week. “If Fed chief Jay Powell watched our interview last night … he might discover … Read more