Dow Futures Down 155 Pts; Recession Concerns Hit Sentiment

By Peter Nurse — U.S. stocks are seen opening lower Monday, continuing the previous week’s rout with investors concerned about future growth after the Federal Reserve ramped up its fight against inflation. At 07:00 ET (11:00 GMT), the contract was down 155 points, or 0.5%, traded 20 points, or 0.6% lower, and dropped 50 … Read more

Domino’s Concerns Overblown and Already Priced In – Stock Upgraded at BMO Capital Markets By

© Reuters. By Vlad Schepkov A BMO Capital Markets analyst upgraded Domino’s Pizza (NYSE:) from ‘Market Perform’ to ‘Outperform’ and maintained a $430 price target on the shares, citing strong consumer survey readings, improving labor market conditions, and the stock’s attractive valuation. In his most recent note on the company, the analyst lists several key … Read more

Stitch Fix Tumbles 10% on Big Miss, Analyst Sees ‘Structural Concerns’ By

© Reuters. By Senad Karaahmetovic Shares of Stitch Fix (NASDAQ:) are down 10% in pre-open today after the company reported weaker-than-expected results and guided down for FQ1. Stitch Fix an FQ4 loss per share of $0.89, significantly worse than the analyst estimate calling for a loss per share of $0.63. Revenue for the quarter came … Read more

Asian Stocks Slammed by Rate Hike Expectations, Recession Concerns

By Ambar Warrick– Asian stock markets tumbled on Friday, with most regional indexes headed for weekly losses amid growing expectations of hawkish moves by the Federal Reserve and fears of a global recession.  China’s and indexes were among the worst performers for the day, sinking more than 1% each. Heavyweight real estate stocks weighed the … Read more

Oil Edges Lower as Demand Concerns, Russia Price Caps Take Focus

By Ambar Warrick– Oil prices edged lower on Monday after a volatile week, as traders gauged concerns over slowing demand and U.S.-led price caps on Russian crude exports.  London-traded fell 0.3% to $92.14 a barrel, while U.S. fell 0.9% to $86.05 a barrel by 20:18 ET (00:18 GMT). Both contracts settled slightly lower after a … Read more

Crude Oil Higher on Dollar Weakness; Demand Concerns Grow

By Peter Nurse — Oil prices rose Friday, helped by weakness in the U.S. dollar, but are still on course for their lowest weekly close in seven months on concerns of sluggish economic growth and China’s COVID woes weighing on global demand. By 09:20 ET (13:20 GMT), futures traded 2.8% higher at $85.91 a … Read more

KeyBanc Positive Into Earnings, Says Concerns are Discounted By

© Reuters. By Senad Karaahmetovic FedEx (NYSE:) is due to report earnings later this month with the majority of analysts concerned about the challenging macro outlook and execution. Earlier this week, Citi analysts downgraded FDX shares to Neutral from Buy as macro headwinds are likely to challenge earnings growth. “We believe Ground volume has been … Read more