Kellogg Co. reported fourth-quarter earnings and sales that beat expectations despite a worker strike, a plant fire and broader shortages and disruptions impacting many consumer companies. Still, the cereal and snack company was downgraded to underweight from neutral at JPMorgan. Analysts cut their price target for Kellogg K, +0.96% to $57 from $64. “There’s still
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Earnings season continues, and while there have been some notable high profile misses for the fourth and final quarter of 2021, FactSet reports that with 56% of S&P 500 companies having issued earnings reports, 76% announced a positive earnings per share (EPS) surprise and 77% reported a positive revenue surprise. Also, the blended earnings growth
Just as tax season heats up, inflation data shows the economy still running hot. On Thursday morning, Consumer Price Index data from the Labor Department showed a 0.6% increase month over month on the January prices people paid for everyday goods. That’s a 7.5% increase year over year, topping Wall Street expectations. This pace of
Since the pandemic began two years ago, and General Motors (NYSE:GM) stock dumped its dividend, the stock is up by 42%. That’s better than the average S&P stock. Source: Katherine Welles / Shutterstock.com But it hasn’t been a smooth ride. At one point in 2020, GM stock traded at under $20/share. At the start of
Are you about ready to join the Great Resignation and become self-employed? Yes? OK, but you need to consider the tax implications, which may not be as rosy as you think. Here’s what you need to know to make a good decision. First and foremost, don’t buy the hype Becoming self-employed won’t allow you to
Coupang (NYSE:CPNG), one of the largest e-commerce companies in Asia, saw a rocky start to the year. CPNG stock dipped 22.3% per share to $22.85, because of a series of short-term disruptions that weighed on its profitability. More worryingly, since its initial public offering (IPO) in March 2021, Coupang lost over 50% of its market
Dear MarketWatch, I would like to find a liberal-thinking area to retire on $3,000 a month, rent included. Hiking, biking and gardening are priorities. Thanks, Ken Dear Ken, You seem wide open to where in the country you could retire, which makes finding an affordable and interesting spot easier. My first thought is underappreciated Midwestern
On the surface, the news that Amazon (NASDAQ:AMZN) is upping its maximum base pay for corporate and tech workers to $350,000 from $160,000 is a win for current and future employees. However, I’m not sure anyone holding AMZN stock should be sold on the move. Source: Frederic Legrand – COMEO / Shutterstock.com Here’s why I
Inflation and the Federal Reserve’s potential reaction to it have the stock market all shook up. But like early concerns that Elvis Presley and rock ‘n’ roll would ruin the country, these are just false fears. So stocks are a buy every time the market hits replay on this song. Thursday’s decline in the stock
Lucid (NASDAQ:LCID) will likely release its fourth-quarter results next week or shortly thereafter. Investors should expect to see the company show solid progress in the production of its electric vehicles (EVs). As a result, LCID stock could stage another move upward, depending on the guidance the company gives for Q1 and 2022. Source: gg5795 /
Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine. The spark came as Jake Sullivan, the White House national security adviser, warned Friday afternoon that Russia could attack Ukraine “any day now,” with Russia’s military prepared to begin an invasion if ordered by Russian President
Shares of 3D printing pure-play Desktop Metal (NYSE:DM) stock have cratered over the past year. DM stock has shed over 85% of its value in the past 12 months. Lackluster results and continual delays in releasing its much-talked-about Production System P-50 have driven investor skepticism. Though elements fuel its long-term bull case, its lofty valuation
CHAPEL HILL, N.C. – Here’s another entry for Ripley’s Believe It or Not: Bear markets in stocks are more likely to begin when interest rates are falling than when they’re rising. That’s important information to keep in mind at a time when inflation is at a 40-year high and interest rates are steadily rising. In
The last time I discussed the controversial special purpose acquisition company Digital World Acquisition Corp. (NASDAQ:DWAC), its shares were up 57% on a year-to-date (YTD) basis. Since then, DWAC stock had its dips and dives, but it is still up 6o% YTD. Source: rafapress / Shutterstock What in the heck gives? For me, I find
Predicting a “brighter year ahead,” Expedia Group Inc. said Thursday that the impact of the omicron variant on travel was not as severe as previous COVID-19 disruptions. Expedia Group’s EXPE, +0.29% total gross bookings were $17.5 billion in the fourth quarter, down 25% compared with the fourth quarter of 2019. The company said that was
When conservative talk radio host Larry Elder went head-to-head against incumbent California governor Gavin Newsom during last year’s recall election, it had significant implications for DraftKings (NASDAQ:DKNG). You see, Elder has some libertarian views, but he’s not too fond on gambling, which of course would have boded poorly for DKNG stock had he won. Source:
Shares of Facebook-parent Meta Platforms Inc. bounced off a 20-month low Wednesday, as a widely followed technical indicator sank to the most oversold level seen since just a few months after the company went public 10 years ago. The stock FB, +4.37% climbed 3.0% in midday trading, after plunging 31.8% amid a four-day losing streak
Digital World Acquisition (NASDAQ:DWAC) is a special purpose acquisition company (SPAC). Even in a brutal downturn for SPACs, DWAC stock has managed to succeed beyond everyone’s wildest expectations. That’s because Digital World announced a merger with former President Trump’s emerging media and internet company, Trump Media & Technology Group (TMTG), which is planning on launching
Snoop Dogg released his first album with Death Row Records in 1993. Less than 30 years later, he owns the whole company, such as it is. The rap legend’s deal was announced by Blackstone, Inc. BX, +4.58%, a private-equity firm that owned the remnants of the record label as part of MNRK Music Group. The
If you’re a fan of Mad Money host Jim Cramer – more specifically, using Cramer as a contrarian indicator – it may be time to consider acquiring shares of electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN) stock. Source: Miro Vrlik Photography / Shutterstock.com Recently, the CNBC personality stated he believes “it’s going to be a very