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
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
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
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
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
