The market fell Tuesday after consumer and communications earnings came in mixed. Investors awaiting$Tesla (TSLA.US)$earnings Wednesday to see if indexes keep growing to all-time highs.
Senior Federal Reserve official Mary Daly said. Economic growth and the labor market have remained steadier than many analysts expected this fall. But that resilience doesn't imply the Fed should hold rates steady again, Daly, the president of the San Francisco Fed, said Monday.
"I haven't seen any information suggesting we wouldn't continue to reduce the interest rate," she said.
Monday, Fed's Kaskari said that the Fed can't bring down prices altogether and that the labor market did not cause inflation.
Fed's Harkey did not comment on monetary policy speaking Tuesday, and outside of Fed commentary this week, investors are awaiting the release of S&P PMI and the Fed's Baige Book of Economic survey data from across the country, not much else.
SECTORS
Within industries tracked by moomoo, Aerospace and defense stocks fell following an earnings report from$Lockheed Martin (LMT.US)$that came up short- missing net sales growth but beating adjusted EPS.$GE Aerospace (GE.US)$also beat earnings. Still, the stock fell 9% and ripped down the segment as the biggest decliner.
$McDonald's (MCD.US)$fell 7% in the post market after Bloomberg reported an E. coli outbreak linked to the restaurant chain, according to the CDC.
$Texas Instruments (TXN.US)$reported quarterly earnings of $1.47 per share which beat the analyst consensus estimate of $1.37 by 7.3 percent. The company reported quarterly sales of $4.151 which missed the analyst consensus estimate of $4.120 billion.
$Norfolk Southern (NSC.US)$reported third-quarter adjusted earnings that surpassed analysts' expectations on Tuesday, as the freight railroad works to move past the financial impact of a costly derailment. Shares of Norfolk Southern were trading more than 5% higher on Tuesday afternoon.
$Logitech International (LOGI.US)$shares are 9% lower in midday trading Tuesday after it reported second-quarter FY25 results late Monday. Revenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally exceeding the consensus of $1.11 billion.
The crisis that has swept the biotech sector crashed into$Medpace (MEDP.US)$on Tuesday, sending shares of the drug-testing company down more than 13% in morning trading before recovering slightly. Shares were trading almost 7% lower.
$Walmart (WMT.US)$announced on Tuesday that it will begin offering Pharmacy Delivery services for both new prescriptions and medication refills, intensifying competition in the pharmacy retail space.$Walgreens Boots Alliance (WBA.US)$shares fell after the news, and a price target cut from TD Cowen.
$PACCAR Inc (PCAR.US)$shares are down 4% Tuesday after delivering earnings in the morning. The company reported 3Q earnings per share of $1.85, beating the street view of $1.82. Quarterly sales of $7.70 billion, beating the analyst consensus estimate of $7.65 billion.
$Genuine Parts (GPC.US)$fell 20%, the lowest reaching stock pulling down the S&P 500 after the auto parts firm reported earnings reported an adjusted EPS of $1.88, below estimates of $2.42, but beat revenue estimates.
In contrast,$General Motors (GM.US)$climbed 9% after the firm reported Q3 earnings after the firm reported net income of $3.056 billion, or $2.68 a share, compared with $3.064 billion, or $2.20 a share, in the same period a year ago. It swapped back and forth with$Philip Morris International (PM.US)$for the highest gainer on the S&P 500, after it posted an earning beat for its Q3.
Word from the herd: Mooers, what are you watching? Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
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72436069 : NVDA and Avgo
104247826 :
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