Oil stocks, Ford, Tesla, Crocs and more

Check out the companies making headlines in midday trading. Ford Motor – Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles … Read more

Tesla, Occidental Petroleum, Exxon Mobil and more

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained … Read more

Three plays for the third quarter

The health care sector is often a sleepy performer but in this market turmoil it may prove to be one of the areas of not only safety in the third quarter – but growth. The third quarter could be a turbulent time, after the worst first half for stocks since 1970. As investors fear rampant … Read more

Nike, Boston Beer, Disney and more

Check out the companies making headlines in midday trading. Nike – Shares of Nike fell 7% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher revenue for its fiscal first-quarter versus the prior year, and low double-digit revenue for the full … Read more

Nike, Spirit Airlines and more

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) … Read more

Accenture, Darden Restaurants, FactSet and more

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due … Read more

These stocks could be cheap buys for the long term even if a recession hits

As recession fears grow on Wall Street, CNBC Pro found stocks that are cheap even in an economic slowdown. The major averages are heading for a losing week on Friday. Investors are concerned that this week’s announcement of the most aggressive rate increase since 1994 by the Federal Reserve could tip the economy into a … Read more

Stocks making big moves midday: FedEx, Continental Resources, Oracle

Check out the companies making headlines in midday trading. Continental Resources – Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $ 25.4 billion deal. FedEx … Read more

Apple, Exxon, McDonald’s, Microsoft, Uber

Here are Tuesday’s biggest calls on Wall Street: UBS reiterates McDonald’s as buy UBS said that “favorable brand positioning should support sales and share resilience.” “We believe MCD is well positioned as a high quality, defensive compounder that should prove resilient given relative benefits from pressured consumer spending and drivers to support still solid sales … Read more

These stocks are buys even if earnings take a hit, Trivariate says

Whether or not investors thrive in the current market may partly depend on how they deal with the stocks most leveraged to an economy that may be headed into a recession, according to Trivariate Research. “Perhaps the mantra of selling when they are cheap and buying when they are expensive will change going forward,” the … Read more