News / Uncategorized
[Platinum insights] 1.25.23 (Market Check)
[Platinum insights] 1.25.23 (Market Check)
August 21, 2023
Stock futures for the blue-chip Dow fell 0.7% on Wednesday, while those linked to the S&P 500 and Nasdaq were down 0.8% and 1.3%, respectively, as investors monitored a slew of corporate earnings releases.
Microsoft dropped more than 2% in premarket trading after the software giant registered its slowest sales growth in more than six years.
Boeing fell roughly 2% after recording a $663 million loss in the fourth quarter amid labor and supply chain issues.
On the other hand, AT&T added approximately 2% after the telecommunication company reported earnings results that topped analyst estimates.
Now, all eyes turn to Tesla, which will announce its earnings after the close. Investors have grown concerned about the chance of a recession as higher borrowing costs keep more companies from growing while slower sales force some into layoffs.
Morgan Stanley’s Mike Wilson said investors should brace for tougher times ahead.
“The numbers are actually going to finally come down in a way that we didn’t think would happen in Q4, which it didn’t, but now, we think that’s happening,” Wilson said Tuesday on CNBC’s “Closing Bell: Overtime.”
The investment strategist said he expects earnings will start to roll over as companies deal with a weakening consumer. There are no major economic reports scheduled to be released today.
Have a Great Day!
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
[Platinum insights] 1.25.23 (Market Check)
August 18, 2024