The market crash has driven stocks into a bear market and many investors are panicking as strong companies with solid results see their stocks tank. It is a market that apparently has no safe haven, as the vague ghost of inflation has cast a dark shadow over the entire market, but pandemic stocks, technology companies … Read more
Text size Dreamstime The stock market was terribly close to ending Friday in a bear market, at least 20% from its peak in early January. Many investors would like to see it get there so Wall Street could put it aside and start the work of moving up. Mark Newton, head of technical strategy at … Read more
An earnings recession is not the biggest threat that the stock market is facing right now. It may seem like a strange claim to make in a week where the biggest retailers are reporting disappointing earnings and retail stocks are being hit. In fact, contracting P / E multiples is the big culprit. To show … Read more
Text size A healthcare professional is preparing a dose of Nuvaxovid vaccine. Jeroen Jumelet / ANP / AFP via Getty Images Novavax the stock fell on Friday after receiving a sales equivalent rating – the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan began coverage … Read more
Amazon lost more than 7% on Wednesday due to Target guidance. Inflation has hit retail earnings hard. Expect AMZN shares to break through the $ 2,000 level pretty quickly. Amazon (AMZN) stock, a more defensive game for most of this year’s bear market, lost more than 7% on Wednesday due to a generally weak retail … Read more
It has been a terrible week in a terrible year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, +3.53% each reported disappointing results to add fuel to concerns about rate hikes and quantitative easing. But apart from Melvin Capital, there have been no signs of capitulation. Over the past six … Read more
Text size Starbucks shares have experienced pressure from the pandemic, supply chain disruptions and union efforts. CEO Howard Schultz has bought shares. Michael Nagle / Bloomberg Howard Schultz is not done filling up Starbucks equities. Back for his third term as head of Starbucks (ticker: SBUX), Schultz has aggressively bought the coffee retailer’s declining shares … Read more
Text size The off-price retailer said that although the quarter started strong, sales then weakened, Justin Sullivan / Getty Images Ross stores fell by double-digit after hours after the off-price retailer’s first-quarter results. Earnings, revenue and sales in the same store all fell below Wall Street’s expectations. Ross (ticker: ROST) said it earned 97 cents … Read more
Walmart sales rose in the first quarter from a year ago, but flat transaction figures suggest inflation was driving growth. Here, a Walmart in San Leandro, California, last year. David Paul Morris / Bloomberg Text size The latest retail sales report undermined fears of recession. It should not. When data showed April sales for U.S. … Read more
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/ACRG4VMVKBDXNCXTNRUDTFGQEY.jpg)
PORTSMOUTH — Jeannie Hunt had no indication this chapter of her life was coming to an end. Hunt, owner of Jeannie’s Used Books at 3202 High St. in Portsmouth, is being forced to relocate her business and the 270,000-plus books within it. For the past 22 years, she has leased the 1,800-square-foot space, but received … Read more