wall street outlook: Wall St Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants such as Target Corp and Walmart … Read more

Canopy Growth Stock Is Falling as Earnings Disappoint Wall Street

Text size Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared with the same quarter a year ago. Chris Roussakis/Bloomberg Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations. The Canadian cannabis company (ticker: CGC) posted a per-share loss of 1.46 Canadian … Read more

Wall Street surges, on course to snap longest weekly losing streak in decades

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content NEW YORK — Wall Street extended its rally on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve’s policy tightening can avoid tipping the economy into recession. All … Read more

Snowflake Stock Tumbles As Street Hoped For More In Coming Sales

Snowflake (SNOW) late Wednesday reported a loss for the April quarter that met estimates while revenue topped Wall Street targets, though growth decelerated. Snowflake stock tumbled as its product revenue outlook came in only slightly ahead of views. X The enterprise software maker reported a 53-cents-a-share loss for Snowflake stock using generally accepted accounting principles, … Read more

Hedge fund Elliott chases oil and gas deals, bucking Wall Street By Reuters

© Reuters. FILE PHOTO: A well site is seen in the Eagle Ford Shale oil field in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller By David French (Reuters) – Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier … Read more

Stock Futures Slip as Wall Street Seeks More Clues on Fed’s Rate-Hike Plans

Text size Traders working at the New York Stock Exchange. NYSE Stock futures fell Wednesday, signaling a lower start for Wall Street as investors await the release of the minutes from the latest Federal Reserve meeting for a deeper look at the central bank’s plans for tightening monetary policy. Contracts linked to the Dow Jones … Read more

Toll Brothers stock climbs after Q2 earnings breeze past Wall Street estimates (NYSE:TOL)

Luckie8/iStock via Getty Images Toll Brothers (NYSE:TOL) shares are perking up around 5% in Tuesday afterhours trading, as the homebuilder’s second-quarter earnings topped average analyst estimates. Looking ahead, the company is expecting deliveries of 11K-11.5K units in 2022, compared with 11.25K-12K in the previous forecast. It also sees average delivered price per home of $890K-910K … Read more

Wall Street is buying treasuries again in a bet that the worst is over

Across Wall Street, from BlackRock Inc. to T. Rowe Price Group Inc., some veterans of the bond market’s booms and busts are seeing signs that it’s safe to start buying again.  Few are eager to call the bottom just yet, not with inflation still surging at a four-decade high and the Federal Reserve only at … Read more