Wednesday, April 17, 2024

Grow Your Business and Join MarketWorld Marketplace and Create Your Own Store front

HomeStock Market(3/17) Thursday's Pre-Market Stock Movers & News : StockMarket

(3/17) Thursday’s Pre-Market Stock Movers & News : StockMarket

Good morning traders and investors of the r/StockMarket sub! Welcome to Thursday! Happy St. Paddy’s Day! Here are your pre-market stock movers & news on this Thursday, March the 17th, 2022-


U.S. stock futures fell Thursday morning, following back-to-back days of sharp gains, as investors digested the latest news out of Ukraine.


Futures tied to the Dow Jones Industrial Average dropped 100 points, or about 0.3%. S&P 500 and Nasdaq 100 futures slid 0.3% and 0.4%, respectively.


The Kremlin poured cold water over reports that indicated progress in peace talks between Russia and Ukraine, according to Bloomberg News.


On Wednesday, the Financial Time reported that both countries had made “significant progress” on a peace plan and Russian withdrawal from Ukraine. That FT report helped stocks rally for a second day Wednesday.


Wall Street was also digesting the latest moves from the Federal Reserve. The Fed hiked its benchmark interest rate for the first time since 2018 and signaled six more hikes this year, spurring a relief rally in stocks.


The Fed also significantly raised its projections for rate hikes and inflation in 2022, but investors appear to have taken those aggressive changes as proof the central bank was taking the rise in prices seriously.


“The dot plot shows they’re behind the curve, and we all know they’re behind the curve, and they’re trying to fix it,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “At least they’re telling the market ‘we’re trying to fix it.’”


Jeffrey Gundlach, CEO of DoubleLine Capital, said on “Closing Bell: Overtime” that he expected markets to rally between now and the next Fed meeting in May after selling off sharply to start the year. He pointed to recent high readings on the Cboe Volatility Index, often called Wall Street’s fear gauge, as a sign that the selling had gone far enough, at least in the near term.


“When the VIX gets above 35, I don’t care how bad the tape looks, I don’t care how bad the geopolitics look, you’re supposed to get more bullish, not more bearish. And you get an oversold bounce,” Gundlach said.


On Wednesday, the Dow rose 518.76 points, or 1.55%, for its first three-day winning streak in more than a month. It was also the Dow’s second straight day gaining more than 500 points. The S&P 500 gained 2.24%, while the Nasdaq Composite jumped 3.77%.


STOCK FUTURES CURRENTLY:


YESTERDAY’S MARKET MAP:


TODAY’S MARKET MAP:


YESTERDAY’S S&P SECTORS:


TODAY’S S&P SECTORS:


TODAY’S ECONOMIC CALENDAR:


THIS WEEK’S ECONOMIC CALENDAR:


THIS WEEK’S UPCOMING IPO’S:


THIS WEEK’S EARNINGS CALENDAR:


THIS MORNING’S PRE-MARKET EARNINGS CALENDAR:


EARNINGS RELEASES BEFORE THE OPEN TODAY:


EARNINGS RELEASES AFTER THE CLOSE TODAY:


YESTERDAY’S ANALYST UPGRADES/DOWNGRADES:


YESTERDAY’S INSIDER TRADING FILINGS:


TODAY’S DIVIDEND CALENDAR:


THIS MORNING’S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

  • CSIQ

  • ACN

  • YANG

  • DG

  • KC

  • GMGI

  • EIGR

  • CGEM

  • SIG

  • VIRI


THIS MORNING’S STOCK NEWS MOVERS:


Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised its dividend by 31%.

STOCK SYMBOL: DG


Accenture (ACN) – Accenture jumped 5.3% in premarket trading after beating top and bottom-line estimates for its latest quarter and forecasting current-quarter revenue above current analyst forecasts. The consulting firm earned $2.54 per share for its most recent quarter, compared with the $2.37 consensus estimate.

STOCK SYMBOL: ACN


Signet Jewelers (SIG) – The jewelry retailer’s stock surged 7.4% in premarket action after it reported quarterly results. Signet’s adjusted earnings of $5.01 per share matched analyst forecasts, while revenue and same-store sales exceeded estimates. Signet also raised its quarterly dividend to 20 cents from 18 cents.

STOCK SYMBOL: SIG


Warby Parker (WRBY) – Warby shares slumped 13.4% in the premarket after the eyewear retailer forecast 2022 revenue that fell short of consensus. For its latest quarter, Warby Parker reported an adjusted loss of 8 cents per share, 1 cent smaller than expected, with revenue matching analyst forecasts.

STOCK SYMBOL: WRBY


Lennar (LEN) – The homebuilder reported quarterly earnings of $1.69 per share for its fiscal first quarter, missing the $2.60 consensus estimate. Revenue beat analyst forecasts on strong demand and higher prices, but the bottom line was hit by higher costs for materials and labor. Lennar added 1% in premarket trading.

STOCK SYMBOL: LEN


Williams-Sonoma (WSM) – Williams-Sonoma earned an adjusted $5.42 per share for its latest quarter, beating the $4.82 expected by Wall Street analysts, even as the housewares retailer’s revenue fell slightly short of estimates. The company said it was able to navigate supply chain challenges and material and labor shortages. Williams-Sonoma surged 7.6% in the premarket.

STOCK SYMBOL: WSM


PagerDuty (PD) – PagerDuty lost an adjusted 4 cents per share for its latest quarter, 2 cents less than analysts were anticipating, with the digital operations platform provider’s revenue also exceeding Street forecasts. PagerDuty also issued an upbeat revenue forecast, and its stock soared 13.6% in premarket trading.

STOCK SYMBOL: PD


Occidental Petroleum (OXY) – Berkshire Hathaway (BRK.B) bought another 18.1 million shares of Occidental, according to an SEC filing. That brings Berkshire’s holdings in the energy producer to 136.4 million shares, or about a 14.6% stake. Occidental shares rose 3.6% in premarket trading.

STOCK SYMBOL: OXY


Guess (GES) – Guess reported adjusted quarterly earnings of $1.14 per share, one cent below estimates, while the apparel maker’s revenue also fell short of Street forecasts. However, profit margins were better than anticipated, and the stock jumped 4.9% in the premarket.

STOCK SYMBOL: GES


FULL DISCLOSURE:

/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.


DISCUSS!

What’s on everyone’s radar for today’s trading day ahead here at r/StockMarket?


I hope you all have an excellent trading day ahead today on this Thursday, March 17th, 2022! 🙂


Source link

Bookmark (0)
ClosePlease login
RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Sponsored Business

- Advertisment -spot_img