These companies are still flexing pricing power amid strong consumer demand

If you haven’t heard a lot about pricing power this earnings season, there’s a good reason: There hasn’t been a lot of it to go around. Many of the companies that have opted to pass along higher costs to consumers in the form of price increases are seeing lower volumes. There are a number of … Read more

Stock futures fall slightly to start August trading with market coming off best month since 2020

Stock futures fell slightly following the market’s best month since 2020 as investors look ahead to another week of key earnings reports and economic data. The Dow Jones Industrial Average futures fell by 67 points, or 0.2%. S&P 500 futures shed around 0.2% and Nasdaq 100 futures dipped by 0.3%. On Friday, all major indexes … Read more

Stocks head into August with a tailwind, as investors await jobs data and a slew of earnings

From Caterpillar to Amgen, dozens of large companies report earnings in the coming week, but it may be big economic data, such as Friday’s jobs report, that takes over as a major market catalyst. Monthly employment reports are always important, but the next few may be even more so. Federal Reserve Chair Jerome Powell made … Read more

How the massive EV transition is starting in the car rental industry

Tesla Model 3 electric vehicles at a Hertz airport location. Photo by ER Davidson Not long after Hertz Global Holdings emerged from bankruptcy last summer, reorganized after the Covid-19 pandemic stalled the entire car rental industry, the Estero, Florida-based company boldly announced a $ 4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) … Read more

Paramount Global, Logitech, Chegg and more

Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts’ forecasts for the media company, amid increasing video streaming competition and weak ad sales growth. Logitech (LOGI) – Logitech … Read more

Chegg, Clorox, Devon Energy and more

Check out the companies making headlines after hours. Chegg – Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most recent quarter, Chegg reported earnings of 32 cents per share on revenues of $ 202 million. Analysts surveyed by Refinitiv were expecting earnings of 24 cents … Read more

Here are Wednesday’s biggest analyst calls of the day: Netflix, Nvidia, Apple, Amazon, Costco & more

Here are the biggest calls on Wall Street on

B. of A. shuffles autos coverage, calls for ‘tougher’ year

B. of A. analysts on Wednesday revised expectations for auto makers, auto parts suppliers, and other auto-related companies as they called for 2022 to be the “real trough” for the industry amid ongoing shortages and other challenges. The year “is proving not to be the stabilization / inflection year that many had hoped for, but … Read more

Transport Stocks Are Flashing Bullish Signals for Broader Market

Transportation stocks have been zipping higher, a sign of optimism about the economy’s strength that could fuel a broader market rally. Companies that operate trains, planes, boats and trucks tend to see their prospects brighten when a growing economy boosts demand for goods, materials and travel. For that reason, some investors look to the performance … Read more

These stocks should beat the market when inflation fears are rising, JPMorgan says – CNBC

These stocks should beat the market when inflation fears are rising, JPMorgan saysCNBC