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☆ Earnings season begins with markets lower than three months ago, but expectations are higher
▼ + stars: | 2023-10-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Q3 S & P 500 earnings: Trending higher July 1: $55.76 Today: $55.78 Source: LSEG Q4 S & P 500 earnings: Trending higher July 1: $57.58 Today: $58.14 Source: LSEG The fact that the third quarter estimate of $55.78 is slightly below the third quarter of last year ($56.02) is not important; what matters is the trend in earnings. For Q3 2023, 76 S & P 500 companies have issued negative EPS guidance and 42 S & P 500 companies have issued positive EPS guidance, according to John Butters, senior earnings analyst at FactSet. "The earnings outlook for the S & P 500 for the third quarter is less negative relative to recent quarters," Butters told clients. "The percentage of companies issuing negative earnings guidance is equal to the 10-year average." Here's what stands out: The average earnings growth was 10.6%; the average revenue growth was 4.2%.

Persons: —, John Butters, Butters, Nick Raich, It's, Chadha Organizations: FactSet, Companies, FedEx, Oracle, Darden, Costco, Pepsi, PepsiCo, Frito, Barclays, JPMorgan, Deutsche Bank Locations: America, AutoZone, United States, Mexico, Russia, Canada, China, South Africa, Japan, abate

☆ Stock market bulls are hopeful that earnings will be a welcome distraction
▼ + stars: | 2023-10-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

After September lived up to its reputation as the worst month of the year, bulls are hopeful earnings will prove a welcome distraction for a stock market mired in weak seasonal trends and rising interest rates. "Net net, the earnings estimates for these early reporters are going up, and that is a positive sign for earnings season," Earnings Scout founder and CEO Nick Raich from told me. Valuations are coming down but are still high The forward multiple for the S & P 500 (Q4 2023, and Q1-Q3 for 2024) is 17.9. For example, industrials have seen a significant decline in earnings estimates due to very large estimate declines for Boeing. Bulls hopeful earnings will prove a welcome distraction The expectations for rising earnings has many hopeful that it will help get stocks out of their recent rut due to rising interest rates.

Persons: Nick Raich, John Butters, Nicholas Colas, Raich Organizations: JPMorgan, FedEx, Oracle, Darden, Costco, Pepsi, General Motors, Ford, Netflix, NVIDIA, Apple, Intel, Boeing, Southwest Airlines, American Airlines, United Parcel Service Locations: AutoZone, Horton

☆ A New York Firefighter Left the City for the Long Island Suburbs. Which House Did He Choose?
▼ + stars: | 2023-09-14 | by ( Joyce Cohen | ) www.nytimes.com time to read: +2 min

“It was a run-of-the-mill impoverished neighborhood, and I hated living in tight quarters,” said Mr. Shepherd, 36. “I always knew I wanted to own a home. Mr. Shepherd is currently stationed in Crown Heights. But Mr. Shepherd had a plan. I had a vision, and I knew that paying cheap rent would get me there.”His vision included a suburban house and yard, surrounded by nature.

Persons: Gregory Shepherd, ”, Shepherd, “, Danielle Jernigan, Keller Williams, ” Ms, Jernigan Organizations: Bowling Green State University, New York, Keller Williams NYC Locations: Flatbush, Crown, Brooklyn, Ohio, New York, New, New York City, Crown Heights, Jamaica, Queens, Westchester, Nassau County, Long, Nassau, Suffolk, ”, Hudson

☆ CNBC Daily Open: Markets are playing a waiting game
▼ + stars: | 2023-05-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. President Joe Biden, likewise, expressed optimism that a deal with Republicans to raise or suspend the debt ceiling could be reached. Biden will meet congressional leaders today to continue talks about the debt ceiling. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Investors are playing a waiting game
▼ + stars: | 2023-05-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. President Joe Biden, likewise, expressed optimism that a deal with Republicans to raise or suspend the debt ceiling could be reached. The S&P 500 added 0.3%, the Dow Jones Industrial Average gained 0.14% to snap a five-day losing streak and the Nasdaq Composite rose 0.66%. Biden will meet congressional leaders today to continue talks about the debt ceiling. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Corporate America is facing its bleakest first-quarter since the pandemic — S&P 500 companies' earnings could drop as much as 7%, new data says
▼ + stars: | 2023-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

S&P 500 companies are expected to post a 7% decline in first-quarter earnings, per FactSet. This will be the largest earnings decline since a 32% slump in the second quarter of 2020. The estimated 6.8% decline in first-quarter earnings is not just the lowest in two years, but also below the five-year earnings growth rate of 13.4% and the 10-year earnings growth rate of 8.7%, per FactSet. FactSet's analysis was based on 106 S&P companies that issued guidance on their first-quarter earnings per share. Consumer discretionary and industrials are expected to lead those reporting on-year earnings growth.

☆ TikTokers are roasting McDonald's hilarious drive-thru AI order fails — and it shows that robots won't take over restaurants any time soon
▼ + stars: | 2023-02-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Another TikToker generated 97,000 views on a post, where she explained how "robots are taking over the world" and they're messing up her McDonald's order. She said the voice bot put 9 sweet teas on her order tab, when she only ordered one sweet tea. In the bot's defense, McDonald's restaurants don't serve Mountain Dew products. Those restaurants still have restaurant workers taking orders, but some McDonald's restaurants have voice bots. Checkers & Rally's, Taco Bell, Sonic, Panera Bread, and Popeyes are testing voice bots in drive-thru lanes.

☆ I tried 25 of Trader Joe's award-winning foods, and would buy at least 21 of them again
▼ + stars: | 2023-02-07 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +42 min

I hit up my local Trader Joe's and bought as many award-winning foods as I could to see which ones deserved their hype. In other words, I agree with the many customers who have dubbed this their favorite Trader Joe's snack. As long as I live within reasonable driving distance of a Trader Joe's, I will continue to buy this loaf. Trader Joe's butter chicken with basmati rice is a satisfyingly spicy comfort meal for oneTrader Joe's butter chicken with basmati rice had a delicious sauce. Trader Joe's cheddar with caramelized onions offers a memorable balance of savory, salty, and sweetThe cheddar smelled like caramelized onions.

Persons: —, Monterey Jack, burrito, Savanna, Wilson, didn't, I've, It's, Joe's, I'm, they're, chorizo, I'd, Butter, they'd, Joe's cashiers, who's, fryer, Swain Wilson Organizations: Service, of Fame, Business, I'd, Wilson, panini Locations: Monterey, Monterey Jack, skillet, Savanna, Peru, treacly, San Francisco

☆ Did the economy end 2022 with a bang or a whimper?
▼ + stars: | 2023-01-22 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

But the United States economy still seems to be chugging along just fine after experiencing a hiccup in the first half of 2022. Despite worries about weaker consumer spending during the holidays, economists are forecasting solid growth for the fourth quarter. Yearning for earningsMore blue chip companies will report fourth quarter results (and perhaps give guidance about the first quarter of 2023 and beyond) this week. But according to FactSet senior earnings analyst John Butters, earnings for the tech sector are expected to fall nearly 10% in the fourth quarter compared to the fourth quarter of 2021. Verizon (VZ), Johnson & Johnson (JNJ), Travelers (TRV), 3M (MMM), Boeing (BA), Dow (DOW), Visa (V), Chevron (CVX) and American Express (AXP).

☆ Earnings playbook: Netflix and Goldman Sachs headline another big week of reports
▼ + stars: | 2023-01-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Tuesday Goldman Sachs is set to report earnings before the bell followed by a conference call between management and analysts at 9:30 a.m. Last quarter: Goldman reported earnings and revenue that beat analyst expectations, thanks to strong bond trading revenues . What history shows: Goldman earnings have beaten expectations 87% of the time, according to Bespoke. The fourth quarter earnings report out Thursday should see around 4.5 million subscribers, according to data from FactSet. What history shows: FactSet data shows Netflix has beaten earnings expectation for the last five quarters.

The S&P 500 was 0.7% lower Friday, leaving it down 19.9% for the year. Corporate bonds had a miserable 2022, too: The return on bonds issued by S&P 500 companies was -14.2% this year. The Bloomberg Aggregate US Bond Index had its worst year since the index’s inception in 1977, according to FactSet. Excluding energy, S&P 500 earnings would fall 1.8% this year, Butters predicted. Occidental Petroleum has been the biggest gainer of the year in the S&P 500, up 122% year-to-date.

☆ Housing slump to continue but some hopeful signs ahead
▼ + stars: | 2022-12-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

While that’s already had a negative impact on the housing market, we’ll get more details this week about how much worse the damage has become. A long list of housing data is on tap. On Tuesday the US Census Bureau will report housing starts and building permits figures for November, followed by Friday’s release of new home sales data for the same month. Housing market was frothy, but not a bubbleOthers in the industry are cautiously optimistic as well. That all amounts to a few good reasons why the housing market could avoid a severe and prolonged slump.

In our guide to the best blenders, the Vitamix 5200 was chosen as the best blender overall. Check out the best Black Friday sales on Vitamix blenders and other kitchen tools below. Black Friday Vitamix deals: Top discountsBest Black Friday Vitamix dealsDeal icon An icon in the shape of a lightning bolt. Great Price Vitamix 5200 Blender The Vitamix 5200 is an easy-to-use, easy-to-clean blender with the power and speed variation to handle any task. Usually priced close to $600, it's on sale for $399; a stellar discount if you're looking for a Vitamix blender.

☆ Food Company Post Holdings Promotes Treasurer Matt Mainer to CFO Role
▼ + stars: | 2022-11-16 | by ( Kristin Broughton | ) www.wsj.com time to read: +2 min

St. Louis-based Post named its treasurer, Matt Mainer, as chief financial officer and promoted Jeff Zadoks, its current CFO, to operating chief, effective Dec. 1. Mr. Mainer has served as treasurer since joining the company in 2015, and will continue to hold the title after taking over as CFO. Post declined to make Mr. Mainer available for an interview. Photo: Post Holdings Mr. Zadoks has served as Post’s CFO since 2014. In his new role, Mr. Zadoks will work with the company’s business-line presidents on areas such as boosting revenue and cutting costs, said Post.

☆ Earnings have been mostly good. Just avoid the tech wreck
▼ + stars: | 2022-10-26 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +4 min

Corporate earnings have actually been, to quote "Curb Your Enthusiasm's" Larry David, pretty, pretty good. The Dow was up more than 300 points, or 1%, while the S&P 500 gained 0.6%. what used to be dubbed FAANG stocks before name and ticker changes) make up a big chunk of the weighting of the S&P 500. Nearly three-quarters of the S&P 500 companies that have reported earnings so far have topped forecasts. So the weaker earnings are more a function of higher costs as opposed to a significant slowdown in sales.

☆ Here's why stock investors need to pay careful attention to earnings season 'report cards'
▼ + stars: | 2022-10-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Spencer Platt | Getty Images News | Getty ImagesIt's a big week for stock investors. Think of earnings as a company 'report card'Earnings is a synonym for "profits." Think of the disclosures like a company "report card," said John Butters, senior earnings analyst at FactSet. The metric measures S&P 500 company stock prices in the two days before and after an earnings report. What companies report now is sort of in the rearview mirror.

☆ Wonder where the economy is heading? Pay close attention to earnings
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. Still, investors remain nervous about the health of the railroad business, a sign of the jitters about the overall economy. Most of Corporate America operates on a calendar year schedule for earnings, which means they will report third quarter results in October. That would be the worst quarter for earnings since a 5.7% decrease in the third quarter of 2020, when the economy was reeling from Covid-imposed lockdowns. That adds to the risk that a global spike in rates will lead to a further slowdown in earnings, consumer spending and the overall economy.

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