Tag: brokerswatch

Dick’s Sporting Goods posted better-than-expected numbers for its fiscal second quarter and tweaked its full-year guidance to reflect the beat. The company posted net earnings of $318.4 million, or $3.25 a share, for the quarter to July 30, down from $495.5 million, or 4.53 a share, in the year-earlier period. Adjusted per-share earnings came to […]

J.M. Smucker Co SJM, -1.45% said Tuesday its first-quarter profit fell 29% to $109.8 million, or $1.03 a share, from $153.9 million, or $1.42 a share, in the year-ago quarter. The jelly maker’s adjusted profit fell 12% to $1.67 a share as the company absorbed the impact of its Jif peanut butter product recall. Revenue […]

U.S.-listed shares of JD.com Inc. JD, +1.13% were up more than 4% in premarket trading Tuesday after the Chinese e-commerce company easily exceeded second-quarter profit expectations. The company reported net income of RMB4.4 billion ($0.6 billion), or RMB2.74 a share, compared with RMB0.8 billion, or RMB0.50 in the year-earlier period. On an adjusted basis, JD.com […]

All three major U.S. stock indexes were down by 2% or greater in the last hour of trading, and poised for their worst declines since June. Stocks dropped across every sector as rates across the Treasury curve surged above 3% in anticipation of continued aggressive rate hikes by the Federal Reserve. The declines would amount […]

Oil futures declined on Monday but settled off the session’s low on renewed worries about tight supplies and production capacity, while natural-gas prices rallied to fresh 14-year highs. The oil market is about as “tight as it’s ever been” with spare production capacity at a historic low, said Phil Flynn, senior market analyst at The […]

U.S. stock market were headed for worst daily decline since mid-June as doubts about the summer’s strong rally on Wall Street deepened and investors waiting on an update from the Federal Reserve’s Jerome Powell at Jackson Hole. The Dow Jones Industrial Average DJIA, -1.91% was down 1.9%, or about 631 points, near 33,077. The S&P […]

Gold futures on Monday logged their lowest settlement in nearly four weeks, down a sixth straight session — their longest such losing streak since early July. The “king dollar” has returned as investors “brace for a potentially hawkish speech” by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium on Friday, said Edward Moya, […]

Shares of Netflix Inc. NFLX, -6.55% were off more than 2% in premarket trading Monday after CFRA analyst Kenneth Leon downgraded the stock to sell from hold. He wrote that Netflix’s stock is up 40% from its July low, but he thinks it could lag the S&P 500 SPX, -2.27% for the balance of the […]

Ford Motor Co. F, -4.57% has confirmed layoffs affecting about 3,000 jobs mostly in the U.S. and Canada, and has started to notify workers through internal e-mail, The Wall Street Journal reported Monday. The auto maker said the cuts are effective Sept. 1. Ford reportedly had been planning layoffs over the summer in connection with […]

Pfizer Inc. PFE, +0.08% and BioNTech SE BNTX, +0.68% said Monday that they formally completed an application asking the Food and Drug Administration to authorize their experimental bivalent COVID-19 booster in those who are 12 years old or older. The new shot equally targets the original strain of the virus and the BA.4 and BA.5 […]