S&P 500 has the best two-week performance on the calendar this year
... over 50 years! The S&P 500 SPX has dropped about 18% this year based on Monday afternoon trading, while the Dow Jones Industrial Average DJIA has dropped more than 13% and the Nasdaq Composite COMP has fallen around 26% at last check, according to FactSet data.
Updated: 06/27/2022
SEC chief says BTCUSD only cryptocurrency he’ll label as a ‘scargo’
... like ether ETHUSD have fallen significantly in recent weeks, though have shown signs of stabilization recently. The last week, the last week, has seen the price of digital currency fall 60% over the past six months, but is up about 1%, according to FactSet .
Updated: 06/27/2022
Supreme Court sounds down New York gun control ruling after Smith Wesson stock rallies
... Smith asked for a comment on the Supreme Court decision, which prevents people from obtaining a permit to carry a handgun unless a special need is demonstrated to have violated the U.S. Constitution's Second and Fourteenth Amendments. According to a FactSet transcript, Mark Smith said that the ruling clarifies that responsible, law-abiding citizens don't need to ask the government s permission to exercise their constitutional rights. As it expands access to products to those law-abiding citizens,...
Updated: 06/24/2022
FedFed's stock rises 3% on strong earnings
... thanks to a 28% increase in revenue per shipment. In fiscal 2023, the company guided for EPS between $22.45 and $24.45 before adjustments related to retirement plans and other initiatives, and capital spending of $6.8 billion. The analysts polled by FactSet predicted that fiscal 2023 EPS would be around $22.21. The company said investments to improve efficiency, including fleet and facility modernization, and increase automation will be the priority. An investor meeting is scheduled for Tuesday ...
Updated: 06/23/2022
Zoom shares step back from pandemic lockdown to surge 29%
... in the cohort compared to elevated churn levels in the first 3 months of a customer lifecycle, according to Lane . Stifel Nicolaus has a hold rating on Zoom. The workforce of Zoom Video has nearly tripled in 2 years. Of the 32 analysts surveyed by FactSet , 14 have overweight or buy ratings on Zoom and 18 have hold ratings. There hasn't been an analyst bearish on the stock since April.
Updated: 06/23/2022
Darden Restaurants stock up 1.6% on strong earnings, dividend
..., raised its dividend and announced a $1 billion share repurchase program. Net income was $281.7 million, or $2.24 per share, down from $368.5 million, or $2.78 per share last year. Sales of $2.603 billion were up from $2.279 billion last year. The FactSet consensus was for EPS of $2.21 and sales of $2.504 billion. Same-restaurant sales rose 11.7%, far exceeding the FactSet consensus for a 9.2% increase. Olive Garden rose 6.5%, Longhorn Steakhouse rose 10.6%, and the fine dining segment, which ...
Updated: 06/23/2022
Accenture shares fall 3.3% after earnings miss estimates
... third-quarter profit that missed expectations while revenue beat, and provided a downbeat outlook. Net income for the quarter to May 31 increased to $1.79 billion, or $2.79 a share, from $1.55 billion, or $2.40 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.86. Revenue grew 21.8% to $16.16 billion, a better figure than the FactSet consensus of $16.04 billion, as consulting revenue rose 24% to $9.03 billion and outsourcing revenue increased 19% to $7.13 billion....
Updated: 06/23/2022
Stress tests of the nation's largest banks on Thursday
... Watch for manufacturing activity to fall one point to 56.0. Services sector activity is expected to edge up to 53.5. A reading above 50 indicates an expanding sector. EARNINGS REPORTS will be released on Thursday with Accenture , Darden Restaurants , FactSet Research Systems and Rite Aid before the market opens. After the bell, BlackBerry , FedEx andSmith Wesson Brands will take the spotlight.
Updated: 06/23/2022
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