Dow falls 150 points after strong July jobs report points to more aggressive Fed

Yields jump after better-than-expected July jobs report The 10-year Treasury yield surged to 2.834% Friday morning following the July jobs report, which came in well above expectations and showed solid job growth in the month. Earlier this month, the 10-year Treasury yield hit 2.5%, its lowest since April, as the bond market worried about a potential recession. … Read more

Stock futures tick up ahead of the July jobs report

Amazon to acquire iRobot in $1.7 billion deal Amazon will acquire iRobot for $61.00 per share, the consumer robot company announced on Friday. The all-cash transaction is valued at approximately $1.7 billion, including iRobot’s net debt. Shares of iRobot were halted on the news. The sale price of $61 per share is a 22% premium … Read more

We expected more from AMD’s earnings, but nothing changes our investment thesis

Advanced Micro Devices (AMD) reported better-than-expected second quarter results Tuesday after the closing bell. Revenue increased 70% year over year to $6.55 billion, beating estimates of about $6.53 billion, according to FactSet. Adjusted gross margins expanded 640 basis points year over year to 54%, beating expectations of about 53.5%. And adjusted earnings per share climbed … Read more

Pioneer returns over 95% of free cash flow to investors in earnings beat

Investing Club holding Pioneer Natural Resources (PXD) reported better-than-expected earnings after the closing bell Tuesday. Total revenue of $6.92 billion exceeded expectations of $6.89 billion. Adjusted diluted earnings of $9.36 per share was better than the $8.81 per share expected by the Street. Operating cash flow for the quarter of $3.22 a bit short versus the … Read more

What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles

What I am looking at Aug. 2, 2022 Is oil over? I thought it had staying power here but a chartist who called the West Texas Intermediate crude top at about $110 per barrel on “Mad Money,” Carley Garner, now says next stop is $85 to $80 range. WTI under $94 per barrel Tuesday morning … Read more

Apple, Target, Charter, Bumble, Weber

Here are Monday’s biggest calls on Wall Street: Wells Fargo upgrades Target to overweight from equal weight Wells said the market is just too pessimistic on Target shares. “TGT’s sell-off provides the opportunity to pick up a proven share gainer into an underappreciated earnings recovery at the right price, in our view. Read more about … Read more

What Cramer is watching Monday — consumers hoard cash, home improvement slows

What I am looking at Aug. 1, 2022 Looking for signs of peaking. M2 has peaked and could be ready for a big fall. (M2 is a broad measure of the U.S. money supply). Are consumer balance sheets stretched? Still have a huge amount of cash in their accounts. (Good for banks with high fed … Read more

Don’t get fooled by the bears, sometimes good news is actually … good

This weekend I read a host of negative articles assailing this market and the earnings reports from individual companies. The suggestion: The numbers are all hiding something and even companies like Amazon (AMZN) and Apple (AAPL) simply reported figures that exceeded lowball analyst estimates that were meant to generate upside. This is an outrageously bullish … Read more

The week in review, the week ahead — July 29, 2022

The major averages all gained for another winning week, capping the best month for stocks in 2022. It was also a week that perfectly exemplified why it’s often the expectations that matter far more than the actual numbers reported. On the macro front, in addition to a 75 basis point rate hike from the Federal … Read more

Fed decision July 2022:

The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. In taking the benchmark overnight borrowing rate up to a range of 2.25%-2.5%, the moves in June and July represent the most stringent consecutive moves since the Fed … Read more