Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat … Read more
The market is full of unprofitable companies with excessive valuations, and investors need to be far more selective in picking stocks right now, one analyst has told CNBC. Market participants should retreat to stocks with solid fundamentals, and choose companies which are good cash generators, David Trainer, CEO of investment research firm New Constructs, said … Read more
The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Here are the stocks making headlines in midday trading: Carnival Cruise Lines – Shares of Carnival Cruise Lines jumped 11% after the travel company said it had its best booking volumes since the … Read more
Check out the companies making headlines before the bell: CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $ 1.56 per share, and revenue that also beat analyst forecasts amid what the company called a “challenging” used vehicle market. CarMax added 1.1% in the premarket. FedEx (FDX) – FedEx … Read more
Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Wall Street and the Federal Reserve appeared to enter a new reality … Read more
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020. Paul Sancya | Pool | Reuters Check out the companies making headlines in midday trading Monday. Global Payments – Shares of the company fell 9.8% despite a better-than-expected earnings report. The payments … Read more
At what point do consumers say enough is enough when it comes to paying more for goods and services? The question is top of mind for C-suite executives, regardless of industry, as inflation surges to levels not seen in decades. And as earnings season begins, so are the concerns about balancing the rising costs and … Read more
Here are the biggest calls on Wall Street on
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, US, on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax – CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on … Read more
Take a look at some of the biggest movers in the premarket: PG&E (PCG) – The California utility’s shares jumped 2.3% in the premarket after it reached legal settlements over two fires in Northern California. PG&E will pay $ 55 million and will not face any criminal prosecution over those fires. Hewlett Packard Enterprise (HPE) … Read more