Nike (NKE) earnings Q1 2023

A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply chain issues, as well as declining sales in Greater China, … Read more

Profit expectations are still way too high. UBS on what to buy and what to avoid

Even after the stock market tumbled into a bear market this year, profit expectations for the S & P 500 remain way too high, which could lead to even more trouble down the road, according to UBS. The S & P 500 is squarely in a bear market, trading 24% below a record set in … Read more

Home buyers are backing out of contracts in the Sun Belt, especially in Las Vegas, Phoenix, Tampa and Texas

The tide has turned, and buyers are now backing out of deals in the Sun Belt as rates rise and home prices remain unaffordable. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell through, or roughly 64,000 homes nationwide saw deals dropped, a new report … Read more

FedEx, Boeing, Domino’s and more

Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors following two of … Read more

Ford stock on pace for worst day in more than 11 years

Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s stock is on pace for its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford were … Read more

Opinion: 4 reasons you should buy energy stocks right now if you are a long-term investor

This has been a painful year for stock market investors, as nothing seems to be working. There is an exception: Energy. It’s the best-performing sector and might still be a bargain for those who can be patient. A snapshot of the 11 sectors of the S&P 500 SPX underlines what a bargain the energy sector … Read more

There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist

Ahead of that, stocks are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. But our … Read more

Ford, Change Healthcare, Cognex and more

Take a look at some of the biggest movers in the premarket: Ford (F) – The automaker’s stock fell 4.5% in the premarket after it warned that quarterly earnings would take a hit of about $1 billion from increased supplier costs and parts shortages. Those factors contributed to a shortfall in finished vehicles ready to … Read more

Buy Netflix stock now for these reasons, analyst says

Shares of Netflix Inc. pulled back Monday, reversing an early rally, after Oppenheimer’s new analyst covering the streaming video giant spelled out reasons why it’s time for investors to jump back in. The stock NFLX rose as much 2.1% just after the open, but was recently down 1.4% in midday trading, to pullback from a … Read more

Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and … Read more