Aug 8, 2022 An unexpected loss and lower projected profitability alarmed shareholders.

An important lesson from past recessions and bear markets is that stocks always bottom before the end of recessions. To this point, the average recession has lasted about 12 months , but the average bear market ended on month seven 2. Because of the market’s forward-looking nature, stocks don’t wait for economic data to inflect higher before finding their footing. While we expect more disappointing news on the economic front, this is why stocks have likely bottomed under scenarios one and two. But at the same time, as the 1947 experience shows, bear markets don’t end before recessions start, which is why there is likely some more downside under scenario three.

Nvidia Stock Tumbles After Company Says Revenue Fell Way Shy Of Expectations

Russian crude and oil products exports continued to flow despite an impending embargo from the European Union that will take effect on Dec. 5. Reflecting lower U.S. gasoline demand, and as China’s zero-COVID strategy pushes recovery further out, ANZ lowered its oil demand forecasts for 2022 and 2023 by 300,000 bpd https://www.chase.com/ and 500,000 bpd, respectively. China, the world’s top crude importer, imported 8.79 million barrels per day of crude in July, up from a four-year low in June, but still 9.5% less than a year earlier, customs data showed. Weak demand in U.S. inventories last week encouraged trades based on a weakening outlook.

Subscription revenue grew 82% year-over-year to $26.0 million, due primarily to an increase in the monthly subscription fees charged for our GoodRx Gold program, and an 8% increase in subscription plans. GoodRX is soaring in after-hours trading https://dotbig.com/markets/stocks/MSFT/ after resolving an issue where a grocer chain had stopped accepting the company’s discount card for some prescriptions. The company previously said it expected full year revenue to be flat, plus or minus 5%, from its record 2021 revenues.

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Last week, shorter-term Treasury yields jumped on hawkish Federal Reserve commentary, and following a blowout jobs report that bolstered expectations for another ultra-aggressive rate 0.75% increase in September. On Friday, the Labor Department showed the U.S. economy added 528,000 non-farm payrolls in July, the most since February, and more than double estimates. Treasuries recouped some of their recent decline, https://dotbig.com/markets/stocks/MSFT/ with the yield on the 10-year note down eight basis points (0.08%) to 2.75%. However, the two-year note yield remains more than 0.40% above the longer-term yield at 3.21% as the inversion in this part of the curve deepens in a widely cited recessionary signal. Last week, shorter-term Treasury yields jumped following a robust jobs report that bolstered expectations for another sizeable Fed rate hike in September.

Before investing in any mutual fund or exchange traded fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Why Alternative Energy Stocks Popped Today Travis Hoium

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• Despite showing some early strength to start the day, US equity markets have given up all their early gains after some notable earnings misses and lower guidance from companies today.
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In the United States, energy firms last week cut the number of oil rigs by the most since September. A week ago, a gallon of diesel cost $5.279, according to AAA. A week ago, a gallon of gasoline cost $4.212, AAA reported, while a month ago, that same gallon cost nearly 51 cents more, at $4.721.

Earnings

The Dow is rising 134 points, while the S&P 500 and Nasdaq Composite are up 0.3% and 0.5%, respectively. Updates from Washington are also in focus, with Senate Democrats yesterday passing the Inflation Reduction Microsoft stock price today Act, which includes $430 billion in spending to address climate change and extend health care coverage. At this time, we think a mild recession is about equally as likely as the chance for a soft landing.

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Analysts tracked by FactSet were expecting a 12-cent loss per share. Freshpet recorded adjusted earnings before interest, taxes, depreciation and amortization of $3.9 million, down from $10.9 million a year prior. Net sales rose to $146.0 million from $108.6 million, while analysts had been projecting DotBig $147.3 million. Freshpet continues to expect greater than $575 million in net sales for the full year. Freshpet’s stock has fallen 12.9% over the past three months as the S&P 500 has increased 0.4%. The table shows the periods when the U.S. economy contracted for two consecutive quarters.

Marketplace

Exports in July surged 18% compared with a year earlier while imports rose just 2.3%, reflecting weak global demand, Chinese customs data showed Sunday. The country’s global trade surplus swelled to a record https://dotbig.com/ $101 billion. The price of a gallon of regular unleaded gasoline was $4.059 early Monday, a penny cheaper than Sunday. Meanwhile, a gallon of diesel fell to $5.143, a drop of 1.5 cents overnight.