Sliding Earnings Forecasts Pose Next Test for Markets

Stocks finally snapped a three-week streak of losses. Whether they can keep up their recovery may depend in part on how the earnings season plays out next month. Analysts have cut their estimates for third-quarter earnings growth by 5.5 percentage points since June 30, according to John Butters, senior earnings analyst at FactSet. That is … Read more

Weekly Recap: Retailer Results Show Diverging Impacts of Inflation — Market Insight

Commentary by Adam Clark and Adria Calatayud Results from big US retailers were in focus last week as investors assessed the impact of inflation on consumer spending and parsed the latest signals from the Federal Reserve. With the earnings season nearing its close, companies including Walmart Inc., Target Corp., Home Depot Inc., Lowe’s Cos. and … Read more

Recession Is Already Here for Many Small Businesses

When central bankers and economists gather in Jackson Hole, Wyo., this coming week to debate the trajectories of inflation and monetary policy, there will be hopeful talk of peak prices and renewed discussion of soft landings. They will be missing the point. For small businesses and households across America, recession isn’t an abstract concept or … Read more

S&P 500 earnings are rising only because of strength in this one sector

S&P 500 index company earnings for the second quarter were certainly better than expected, but it’s debatable whether overall results were actually good, given that year-over-year growth was due only to the strength of one sector — energy. Also overall earnings-per-share growth has slowed slightly as results from retailers, many with quarters that ended in … Read more

Warren Buffett Has Been Buying T-Bills. Here’s Why That’s a Smart Strategy.

Elias Stein Text size Warren Buffett parks most of Berkshire Hathaway ‘s cash in ultrasafe US Treasury bills, and individual investors may want to consider following Buffett’s lead now that the yields are as high as 3%. Treasury bills, which are US government securities maturing in less than a year, are a good alternative to … Read more

US Retail Sales Little Changed Last Month as Fuel, Autos Drop

Grocery store sales were up 0.2%, likely reflecting rising food prices rather than a significant uptick in purchasing activity. Data out last week showed the cost of groceries has surged 13.1% in the last year, the most since 1979. Sales at restaurants and bars, the only services’ component in the report, climbed 0.1%, the weakest … Read more

Lowe’s Profit Tops Estimates, but Same Sales Miss as Housing Slows

Text size Lowe’s reported second-quarter earnings that topped analysts’ forecasts. Justin Sullivan/Getty Images Lowe’s reported fiscal second-quarter adjusted earnings that topped analysts’ forecasts, but the home-improvement retailer’s same-store sales missed estimates amid a slump in the US housing market. Shares of Lowe’s (ticker: LOW) were up 1.7% in premarket trading to $217.80. Coming into Wednesday, … Read more

Dow Futures Dip as Wall Street Seeks Rates Guidance From the Fed

Text size The focus for investors Wednesday will be on minutes from the latest Federal Reserve meeting. Getty Images Stock futures dipped Wednesday after strong earnings reports from Walmart spirit Home Depot lifted the Dow Jones Industrial Average on Tuesday to its fifth straight day of gains. While more earnings reports from retailers such as … Read more

Home Depot Stock Slips as Customer Transactions Decline

Text size A man shops for supplies at a Home Depot store in Alhambra, California. (Photo by FREDERIC J. BROWN/AFP via Getty Images) Home Depot reported second-quarter earnings $5.05 a share, topping analysts’ estimates, and reaffirmed its 2022 guidance. But Home Depot (ticker: HD) shares fell 0.4% in premarket trading to $313.43 after customer transactions … Read more

What Stocks Are Making Moves Monday? Li Auto, NIO, Peloton, and More.

Text size A trader works on the floor of the New York Stock Exchange. Michael Nagle/Bloomberg Stock futures were trading lower Monday after China cut interest rates following data that showed the world’s second-largest economy slowed in July. S&P 500 futures were down 0.4% and Dow Jones Industrial Average futures fell 0.5%. Futures for the … Read more