Jul. 15, 2024 8:43 AM ETBy: Liz Kiesche, SA News Editor tunart/E+ via Getty Images The Empire State Manufacturing Index fell to -6.60 in July vs. -5.50 consensus and -6.00 in June. Business activity continued to decline modestly in New York state in July, with new orders remaining steady asContinue Reading
supparsorn Currency markets in Asia on Monday are expected to provide the first significant reaction to the assassination attempt on former President Donald Trump over the weekend. Liquidity may be constrained because Japan has an official holiday, Bloomberg News reported. With prediction markets showing higher expectations of a Trump victoryContinue Reading
honglouwawa Most responders to Seeking Alpha’s July Sentiment Survey believe Wall Street’s benchmark S&P 500 (SP500) index will end this year at around 5,850 points, representing a nearly 5% upside from its current level. The SA Sentiment Survey takes the temperature of what investors are thinking about in terms ofContinue Reading
BING-JHEN HONG Costco Wholesale Corporation (NASDAQ:COST) finally pulled the trigger on a membership fee increase after almost a full year of speculation over the topic. The price for the Gold Star membership is increasing to $65 from $60, while the price of the Executive membership is increasing to $130 fromContinue Reading
sitox Inflation rates continued to ease in June, spurring traders in the fed funds futures market Thursday to boost the odds that the Federal Reserve will begin cutting interest rates at its September meeting. The probability of a September rate cut of 25 basis points shot up to 87.9% fromContinue Reading
Ampco-Pittsburgh (NYSE:AP) on Wednesday said net sales for the quarter ended June 30, 2024, is expected to be in the range of $107 million to $112 million. This compares to net sales of $107.2 million in the quarter ended June 30, 2023, and $110.0 million in the quarter ended MarchContinue 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
The stock rose 1.28% to $87.73 during midday trading. The stock had lost 8.84% in value in the last 12 months. The research firm said that it was raising its EPS expectations from $3.24 to $3.54 for 2024 and from $4.10 to $4.60 for 2025. Vertical also raised its priceContinue Reading
sharrocks/iStock Unreleased via Getty Images UBS said PNC Financial (NYSE:PNC) appears better positioned to benefit from an improvement in demand, as it awaits the return to broader loan growth during the second half of the year. The brokerage upgraded PNC to Buy from Neutral on Monday and set a PTContinue Reading
Nikada The earnings growth premium earned by the biggest stocks within the S&P 500 (SP500) is expected to narrow through 2026, said Tony Pasquariello, global head of hedge fund coverage and global markets division at Goldman Sachs, in a markets/macro note. In 2023, the annual earnings growth by the fiveContinue Reading
