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Housing, Manufacturing Figures in Focus Next Week
Monday
U.S.
Featured Earnings
Take-Two Interactive Software Inc. (NASDAQ: TTWO) (Q4) EPS estimates of 69 cents, compared to $1.16 in the prior-year quarter.
Tencent Music Entertainment Group (NYSE:TME) (Q4) EPS estimates of five cents, compared to nine cents in the prior-year quarter.
Tower Semiconductor Ltd. (NASDAQ: TSEM) (Q1) EPS estimates of 47 cents, compared to 27 cents in the prior-year quarter.
Canada
Economic Lookahead
Monthly Survey of Manufacturing (Mar.) Manufacturing sales rose 4.2% in February, mainly on higher sales of motor vehicle, food, and petroleum products.
Wholesale Trade (Mar.) Wholesale sales fell 0.4% in February to $78.8 billion, the first decline since July 2021.
Featured Earnings
K92 Mining (T.KNT) (Q1) EPS estimates of seven cents, identical to the prior-year quarter.
Charlotte’s Web Holdings Inc. (T.CWEB) (Q1) EPS estimates for loss of six cents, compared to a loss of 86 cents in the prior-year quarter.
Titanium Transportation Group Inc. (T.TTR) (Q1) … Read more
Bulls on Parade?
Investors were drawn to the border of bear market territory like a moth to a flame. And just when they were about to cross into bear market territory below 3,855…
Dow Falls Again in Wild Session
Stocks fell on Thursday as the market selloff continued following yet another failed attempt at a turnaround saw the Dow fall for its sixth-straight day.
The Dow Jones Industrials came off its lows of the day, but still finished negative 103.81 points to 31,730.30.
The S&P 500 slid 5.1 points to 3,930.08. The S&P 500 hit a new low for 2022, closing more than 18% off its 52-week high and steering closer toward bear market territory.
The NASDAQ Composite overcame all the gloom and forged ahead 6.73 points to 11,370.96.
All the major averages closed the session on track for weekly losses.
Some heavily shorted names led the brief rally from earlier in the day and continued to trade higher. Shares of Lucid popped 13.2% while
GameStop and AMC jumped more than 30% and 20%, before pulling back gains. Rivian Automotive also soared about 18% after reporting its latest quarterly … Read more
The Travel Sector Is Getting Upgraded
As bad as the outlook for inflation and the economy is, the times are good for the travel industry. The travel industry has been shackled for the last 2+ years…