Your Evening Recap for Tuesday, May 7thEquity markets continued to advance on Tuesday, although the pace of gains slowed. The S&P 500 advanced 0.20% after tepid results from blue-chip giant Walt Disney and others sapped enthusiasm for risk-on assets. Walt Disney reported good results but in alignment with expectations, giving no catalyst for a rally. The S&P may continue higher over the next few trading sessions but there is risk of slowing momentum and topping out near the all-time highs. The next major hurdles for the market will come next week. The CPI data is due on Wednesday and is unlikely to alter the Fed outlook. Earnings reports from the retail sector are another hurdle for equities. Reports from leaders like Walmart and Home Depot are due early in the week and may provide an unwanted surprise. Reports from McDonald's, Coca-Cola, Kraft Heinz, and Starbucks reveal a pinched consumer that may show in the retail results. Investors should expect weakness generally and market-leading strength from the off-price segment. Featured: Your $200 MarketBeat account credit is about to expire (MarketBeat Internal) |
What’s Warren Buffett’s secret? The truth is, there is no secret. The only thing the legendary investor can be credited with is an uncanny ability to spot companies that would one day become big names at an early enough stage so they could be acquired at a fraction of current valuations. Of course, this is easier said than done. To find undervalued stocks to buy before their values skyrocket, investors should focus on three main things a company should have: products that stand out, high profit margins, and high rates of return on invested capital (ROIC). Let's take a look at Generac Holdings Inc. Read The Full Story > | The world's largest aerospace company is now boycotting Russian titanium. Despite having enough titanium on hand for now, this titan of industry admits it must start taking steps to ensure long-term continuity. Could this one company help fulfill the supply shortage? |
The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street's view and its streaming business was profitable Read The Full Story > |
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