Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
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15 Oct 2024As the third-quarter earnings season gets underway, Wall Street took a cautious stance on Tuesday, with major indexes pulling back from recent highs. The Dow Jones Industrial Average closed down 0.31%, while the S&P 500 fell 0.34% and the tech-heavy Nasdaq Composite dropped 1.02%.
Today's session was marked by mixed earnings reports from major companies, raising concerns about global economic growth and corporate profitability. While some firms beat expectations, others provided tepid outlooks, leading investors to reassess their positions.
In the healthcare sector, UnitedHealth Group $UNH delivered better-than-expected Q3 results but saw its shares plunge 8.11% after forecasting 2025 profit below Street estimates. The company cited ongoing pressure in its government-supported health insurance businesses, sparking worries about rising medical costs across the industry.
On a brighter note, Johnson & Johnson $JNJ topped Q3 estimates as sales of its cancer drug Darzalex surged. The pharmaceutical giant raised its full-year 2024 sales outlook, sending shares up 1.55%.
The financial sector saw mixed results, with Goldman Sachs beating earnings expectations, while Bank of America's performance was more muted. Charles Schwab $SCHW was a standout, jumping 6.10% after reporting strong Q3 earnings fueled by asset gathering and sweep cash growth.
In the retail space, Walgreens Boots Alliance $WBA saw its stock soar 15.78% despite posting a wider Q4 loss. Investors cheered the company's cost-saving strategy, which includes plans to close 1,200 stores over the next three years.
The technology sector faced headwinds, with semiconductor stocks under pressure following a warning from Dutch chip equipment maker ASML about slowing demand. This raised concerns about the sustainability of the AI-driven rally that has propelled tech stocks this year.
Looking ahead, market participants will be closely watching upcoming earnings reports and economic data for further clues about the health of the economy and corporate America. With geopolitical tensions simmering and interest rates remaining elevated, investors are bracing for potential volatility in the coming weeks.
As always, diversification and a focus on long-term investment goals remain prudent strategies in navigating these uncertain market conditions.
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Please note that the content above should not be considered as investment advice or marketing. It does not take into account the personal data and requirements of any individual. This content is not a substitute for the reader's own judgment and should not be considered as advice or a recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
