Markets continue their downward momentum despite positive results from the first four Magnificent 7 reportsOutlier earnings date alert: The Coca-Cola Company , 3M Corp and The Hershey Company Last week was another rollercoaster ride for markets as investors digested everything from weaker-than-expected Q1 US GDP and the most recent Personal Consumption Expenditures Price Index which showed continued inflationary pressures to mixed results from big tech earnings and a falling University of...
On the earnings front, the Q1 season continues to come in better-than-expected. The first four reports from the Magnificent 7 were out last week. Tesla has been a relative downer this year, and despite missing Q1 EPS and revenue expectations when they reported on Tuesday, it was news that the production of a new affordable electric vehicle would begin in 2025 that caused investors to bring the stock up nearly 20% since that report.
Last quarter Hershey missed revenue expectations, causing the Staples name to fall over 3% by the next day. For a majority of the Q2 sell-off, defensive sectors such as Consumer Staples were a lagging sector , as cyclicals continue to outperform in this higher interest rate environment. According to analyst estimates collected by FactSet, Hershey is expected to post a 7% YoY decline in EPS for Q1.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »