Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going forward will be mostly tied to second-quarter earnings as interest rate hikes and surging inflation reflect the growth slowdown more … Read more

Snap’s Warning Puts the Spotlight on Advertising. These Stocks Are at Risk.

Snap’s Warning Puts the Spotlight on Advertising.  These Stocks Are at Risk.

Shares of companies with significant advertising businesses were falling on Tuesday after social-media platform Snap alert about the current quarter. Daniel Acker/Bloomberg Text size Shares of companies with significant advertising businesses were tumbling on Tuesday, after Snap warned the prior evening that it wouldn’t meet expectations for the current quarter. A weaker economic environment and … Read more

In Volatile Markets, Income Investors Must Choose: High Yields or Steady Payouts.

In Volatile Markets, Income Investors Must Choose: High Yields or Steady Payouts.

As 2022 approaches its midpoint with deepening concerns about recession and inflation, stocks with higher yields have performed relatively better than those with faster-growing payouts. But Donald Kilbride, the portfolio manager of the $53 billion Vanguard Dividend Growth fund (ticker: VDIGX), which focuses on rising payouts, not yield, is taking that in stride. As of … Read more

Disney is seeing ‘resilient’ theme-park attendance despite turbulent economy, says analyst

Disney is seeing ‘resilient’ theme-park attendance despite turbulent economy, says analyst

In the face of turbulent economic times, Walt Disney Co.’s theme-park business could still see some magic. Bank of America’s Jessica Reif Ehrlich wrote Thursday that attendance at Disney DIS, -0.33% parks “remains resilient despite recent macro volatility as visitors rarely cancel trips once booked.” She added that the company’s move to cancel Disneyland annual … Read more

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week

Text size Uncredited US stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders, and economic-data releases when investors return this week. Companies reporting quarterly results will include Lennar on Tuesday; FedEx , BlackBerry , and Darden Restaurants on Thursday; and CarMax … Read more