Stock market investing business plan: Powell’s speech, transfer technology, turnover

The stock market came out of August with a tail between its legs as major indexes clung to a three-week low that shattered multiple levels of critical support. The blue-chip stocks took a beating, leaving a few healthy names near buying points. Trading volume usually picks up in September, although it doesn’t tend to be a winning month for the market. However, the march of progress and innovation continues, highlighted by Cowen’s Transportation Conference, which intersects neatly with the energy-focused Inflation Reduction Act that was signed into law in August.




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Stocks to watch: 5 medical stocks stable

Neurobiological Sciences (NBIX), Vertex Pharmaceuticals (VRTX), Biomarin medicines (BMRN), two cents (CNC) And the Insulet (PODDThey all find support in a tough market. While all the big market benchmarks have undermined the support over the past week, NBIX stock gradually retreated to the 21-day line, consolidating well after the strong breakout. Vertex, BioMarin and Centene have retracted to the 50-day lines, trading near the edge of their recent buying zones. Insulet’s latest hack soon failed. But PODD found strong support and rebounded from the 50-day and 200-day lines; It now has a new handle entry formation. This lowers the stock’s buy point to 283.38.

Economic Almanac: Powell’s Speech, Beige Book, PMI Services

Next week’s slate of economic data looks like the calm before the storm, as investors look forward to the CPI release next week. Investors are always still having fun when Federal Reserve Chairman Jerome Powell appears. He will take part in a discussion at the Cato Institute’s Monetary Policy Conference at 9:10 a.m. ET. His comments will be of particular interest because Powell emphasized the negativity in his August 26 Jackson Hole address. The main question is whether it will strike a more balanced tone this time around after it battered the stock market for four days. His take on the August jobs report’s sharp increase in labor force participation may be worth noting.


Jobs report: Employment is still very hot, but the Fed loves a jump in the workforce


Also on the economic docket, the Fed’s Beige Book Survey of Economic Conditions will be released ahead of the September 21 meeting on Wednesday afternoon. The Institute for Supply Management’s survey of service sector activity, which showed solid growth throughout the year, is due out at 10 a.m. Tuesday.

Stock Market Perspective: Finding Volume Flow

Large market indicators have flashed bearish signals last week, with resistance around the 200-day moving averages marking the end of the summer rally. The IBD 50 index also lowered its 50-day moving average, weighed down by weakness in energy, metals and industries stocks. With a broad sector of the leadership infected, there are still a few precious stars holding out above the buyout points. With earnings season coming to a close, only about 100 companies plan to report over the next week. Stock market volume was lackluster, as is typical for late summer. That should change after Labor Day weekend, as the unofficial end of summer brings a new round of trading to the market.

Surveillance of the electric car industry: news of the latest model

Next week could provide updates on electric vehicles and transportation infrastructure as the Cowen Conference on Global Transportation and Sustainable Mobility kicks off on Wednesday. fuel cell leader Ballard Energy Systems (BLDP), makers of EV Kano (GOEV), Fisker (FSR) And the Workhorse group (WKH), the leaders of charging stations charge point (CHPT) And the EVgo (EVGO) among the participants.


Will these stocks benefit as the housing market is in recession?


Earnings forecast: S&P 500 EPS set to turn

Average revenue and earnings rose to record levels among the S&P 500 companies during the second quarter. Revenue jumped 12.1% year over year. Earnings increased 9.5%. But estimates of future earnings for the S&P 500 are more mixed. Yardeni Research Ventures’ earnings will decline 5.4% in the third quarter and 3.8% in the fourth. For the full year, the Yardeni S&P 500 EPS put at $215, up 3.1%, followed by a 9.3% gain in 2023.

Market schedule: September – Autumn season

In the 22 years going back to the turn of the century, the S&P 500 had lost an average of 1.3% in the month of September. Over the past 10 years — erasing the impact of the Internet crash and the Great Recession — the average decline has been a more modest 0.6%. The biggest gain in September in a 22-year period was an 8.8% advance during the Great Recession recovery. The biggest loss was the 11% drop in September 2002.


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Stock market watch: Industry strength in August

Five industry groups posted a double-digit advance in August. Department stores are up 21%, with Dillard (tuck30% rise per month Messi (M), kohl (KSS) And the Nordstrom (JWN) to reject. Mail retailers jumped 20% and dairy makers rose 18%. Coal miners are up 12%, boosted by a 52% rise in natural gas prices. Accident and health insurers swung more than 10%. Unum Group (UNME) posted a 17% profit, and a breakout along the way. Alternative energy stocks combined gained 10%, buoyed by the passage of the energy-focused inflation-reduction law, as constellation energy (CEG) Powered by 23% and Bloom Energy (is being) made a profit of 26%.


stock market earnings summaries


Tuesday

Coupa (coup) will announce its financial earnings for the second quarter late Tuesday. Analysts expect the business spend management software provider to earn 9 cents a share, down 65% year-over-year, on sales of $203.8 million, up 14%.

the health (HQY) announces second-quarter results after Tuesday’s close. Analysts expect earnings per share for the health savings account manager to fall 17.5% to 33 cents with revenue up 8% to $203.9 million. However, HQY, a defensive stock, has been a relatively strong performer this year and is within 10% of the buying point.

Goodwire Program (GWRE) plans to publish its fourth-quarter financial results late Tuesday. The insurance software company is expected to lose 1 cent of its stock on flat sales of $229.6 million.

Jet Lab (GTB) will deliver its financial results for the second quarter after the stock market closes on Tuesday. Wall Street expects software and services company DevOps to lose 23 cents a share on sales of $94.4 million, up 62% year over year.

Wednesday

New (NIO) It reports second-quarter earnings on the Wednesday before the market opens. Analysts expect a loss of 17 cents per share for the electric car startup in China. In the second quarter of 2021, Nio reported a loss of 6 cents per share. Revenue is expected to increase 8% to $1.4 billion in the second quarter.

AeroVironment (AVAV) Reports results Wednesday afternoon. The drone maker’s earnings are expected to improve to a loss of 11 cents per share, from an adjusted loss of 17 cents. Its revenue is expected to grow to $102.9 million this quarter from $101 million last year.

Casey General Stores (cassie) is expected to report earnings growth of 7.5% to $3.43 per share, from $3.19 last year. For after-market results on Wednesday, analysts see the convenience store chain’s revenue jump 40.7% to $4.48 billion, from $3.182 billion.

Dave and Busters Entertainment (game) announces the results of the second quarter Wednesday after the market close. Wall Street sees earnings fall 3% to $1.04 per share. Analysts expect sales to increase 14% to $433 million for the Dallas restaurant chain.

Jim Stop (GME) is expected to disappoint Mimi stock investors with its results Wednesday afternoon. Analysts are targeting an adjusted loss of 42 cents per share for the video game chain, versus its adjusted loss of 19 cents a year earlier. Sales should rise slightly to $1.26 billion, from $1.18 billion in 2021.

Rev . group (REVG) Third-quarter earnings are released on Wednesday morning. Earnings are expected to decline more than 40% to 22 cents per share while revenue is expected to remain flat at $593 million for the RV and emergency services vehicle manufacturer.

Friday

Kroger (KThe results of the show will be announced on Friday. Expectations are for grocery earnings per share to come in relatively flat, dropping to 79 cents from 80 cents over the course of the year. But revenue is expected to grow to $34.2 billion, up 7.9% from $31.68 billion in the period from 2021.

ABM Industries (ABM) announces financial statements for the third quarter on the Friday after the market close. Analysts expect earnings of 90 cents per share, which will remain flat throughout the year. Wall Street expects the facilities management company’s revenue to grow 24% to $1.9 billion in the third quarter.

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