Wednesday, August 17, 2022

Target vs. Walmart: A tale of two retail results

On today's "Markets Now" show, Kace Capital Advisors Managing Partner Kenny Polcari predicts whether recent stock market gains can continue and what's next for the Fed. Plus, Cowen's Oliver Chen breaks down why Walmart beat earnings expectations but Target missed. And Binance CEO Changpeng Zhao discusses the outlook for crypto.
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Target vs. Walmart: A tale of two retail results
On today's "Markets Now" show, Kace Capital Advisors Managing Partner Kenny Polcari predicts whether recent stock market gains can continue and what's next for the Fed. Plus, Cowen's Oliver Chen breaks down why Walmart beat earnings expectations but Target missed. And Binance CEO Changpeng Zhao discusses the outlook for crypto. Read more »
 
The recession debate could hinge on this data
Are Americans still reaching for their wallets, even as high inflation forces households to contend with higher bills? Read more »
 
US natural gas prices spike to 14-year high. Here's why
US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of falling prices at the gas pump. Read more »
 
Greed is back on Wall Street
Though stocks are slipping Wednesday after weak earnings from Target, the market has still enjoyed a stunning rally since the start of July — and it looks like greed is once again the predominant emotion on Wall Street. Read more »
 
See Papa Johns new pizza bowls: Just toppings, no crust
Early in the pandemic, people couldn't get enough pizza. Now, not so much. Read more »
 
Target profit plunges 90% as inflation-weary shoppers pull back
Target reported profit plunged 90% in the second quarter, falling far short of expectations, as inflation-weary customers pulled back on spending on nonessential items. Read more »
 
 
 
 
Dow Nasdaq S&P
-171.69   -164.43   -31.16
33,980.32   12,938.12   4,274.04
-0.50%   -1.25%   -0.72%
YTD -6.49%   YTD -17.30%   YTD -10.33%
 
Biggest Winners
Agilent Technologies Inc +7.17%
 
Valero Energy Corp +3.92%
 
Progressive Corp +3.73%
 
TJX Companies Inc +2.84%
Biggest Losers
Carnival Corp -5.63%
 
Norwegian Cruise Line Holdings Ltd -5.22%
 
Royal Caribbean Cruises Ltd -5.04%
 
Generac Holdings Inc -4.44%
Hottest ETF
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NYSE Market Volume
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Key Market Stats Latest Today's Change
Oil $87.51 +0.98 / +1.13%
Gold $1,777.10 -12.60 / -0.70%
10-yr 2.89% +0.07
Euro $1.02 +0.00 / +0.08%
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