Earnings Surprises

Will the stock market drop 20% or 48% from the peak? Here's the key factor, says this strategist.

Will the stock market drop 20% or 48% from the peak? Here’s the key factor, says this strategist.

“Is the economy under control or is it spiraling out of control? That’s the million-dollar question traders continue arguing over,” sums up CrackedMarket blogger Jani Ziedins. Clearly, the latter argument prevailed — again — after Wall Street’s worst day in two years, and futures hinting of more pain for Thursday. Among the gloomsters, Guggenheim’s Scott …

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Target Stock Sinks 25% on Earnings Miss, High Costs

Target Stock Sinks 25% on Earnings Miss, High Costs

Target Corp. TGT -24.24% shares tumbled after the retailer posted lower quarterly earnings and said it would absorb higher costs this year rather than raise its prices. Sales at the Minneapolis-based retailer increased in the most recent quarter as shoppers spent more on food and groceries and even luggage as they prepared to travel again, …

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Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell's remarks

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

U.S. stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for all …

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