Powell, Jackson Hole and Stock Market
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Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.
The U.S. market is top-heavy, with Nvidia occupying a bigger weight than any company in modern history. Risks abound, our columnist says.
Ross Stores offers quality, but trades above fair value. With underperformance against the S&P 500, discover why ROST still holds a HOLD rating.
Follow along to what could be a pivotal day in markets with all eyes trained on Jackson Hole, Wyo.
Walmart now sees net sales rising 3.75% to 4.75% from last year, compared to prior guidance for a range of 3% to 4%. Walmart also tweaked its earnings forecast, saying it now expects adjusted earnings per share to range from $2.52 to $2.62. The previous outlook was for $2.50 to $2.60.
TeraWulf, a firm previously characterized by the volatile nature of Bitcoin mining, has recently made an impressive shift that has propelled its stock upwards.
Stocks in areas like airlines, lithium, solar, and homebuilding are being propelled by some bullish near-term catalysts, Ned Davis Research said.
Corporations with the lowest-paid global workforce continued to focus on compensating their CEOs and buying back stock instead of investing in their companies and employees, according to research.
For one, shoppers have made a massive flight to lower prices, which Walmart has more of, as low- and high-income consumers alike protect their pocketbooks. Walmart’s size and cash also give it the advantage in handling e-commerce deliveries more quickly and ensuring that things people want are on the shelves.