alano design Consensus expectations are a bit too optimistic, and investors should continue to be conservatively positioned, said Wells Fargo strategist Scott Wren in a market commentary note. Earnings season results typically show that between 65-70% of companies beat their consensus expectations. But, for a few quarters since the Covid-19Continue Reading
Jonathan Knowles Wells Fargo previewed the earnings season in the beverage sector, selecting two stocks as potential outperformers and two that investors may want to be cautious with. The firm thinks Coca-Cola (NYSE:KO) will post one of the better quarters of all the consumer staples stocks. Analyst Chris Carey seesContinue Reading
shaunl/iStock Unreleased via Getty Images Hapag-Lloyd (OTCPK:HPGLY) (OTCPK:HLAGF) shares surge 6% in German trading Wednesday after the shipping company raised its full-year profit outlook following a better than expected performance in H1 2024. The shipping company said it expects the year’s second half will top expectations thanks to recent strongContinue Reading
WANAN YOSSINGKUM Saratoga Investments (NYSE:SAR) fiscal Q1 2025 earnings exceeded the average analyst estimate as stable interest rates during the quarter kept the business development company’s net interest margin elevated, the company said on Tuesday. Adjusted net investment income per share of $1.05 for the quarter ended May 31, 2024,Continue Reading
Rimma_Bondarenko/iStock via Getty Images Restaurant stocks traded lower on Tuesday as investors and analysts showed some anxiety on how the Q2 earnings season may play out amid more signs that consumers are holding back in certain discretionary categories. The Dow Jones US Restaurants & Bars Index (DJUSRU) was down 1.68%Continue Reading
arild lilleboe/iStock Editorial via Getty Images Equinor’s (NYSE:EQNR) Q2 trading indicators are below expectations, prompting UBS to maintain its Sell rating on the stock while cutting its Q2 net income forecast by 4% to $2.14B, compared with $2.32B analyst consensus estimate. “Lower realized gas prices and lower marketing, midstream andContinue Reading
Traders and investors have watched Wall Street’s major market averages trade mixed on Monday, as participants look ahead to important inflation reports and earnings scheduled for later in the week. The tech focused Nasdaq Composite (COMP:IND) has climbed 0.1%, the benchmark S&P 500 (SP500) trades near even, and the blue-chipContinue Reading
Pixelbizz/iStock Editorial via Getty Images Shares of ASML Holdings (NASDAQ:ASML) hit an all-time high of over $1000 and €1000 across both the exchanges where it trades, seemingly benefiting from optimism around its key customer, Taiwan Semiconductor (NYSE:TSM). The semiconductor equipment maker’s shares are up around 7% in trading so farContinue Reading
Helen of Troy (NASDAQ:HELE) is scheduled to announce Q1 earnings results on Tuesday, July 9th, before market open. The consensus EPS Estimate is $1.59 (-18.0% Y/Y) and the consensus Revenue Estimate is $445.85M (-6.1% Y/Y). Over the last 2 years, HELE has beaten EPS estimates 100% of the time andContinue Reading
Stock index futures were almost flat on Monday, as investors look forward to important inflation reports and earnings scheduled for later in the week. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) and Dow futures (INDU) were unchanged. The 10-year Treasury yield (US10Y) rose 3 basis points to 4.32%.Continue Reading
