Costco (COST): Total comparable store sales rose 8.5% in September, beating Wall Street’s earnings estimate of 6.3% growth. Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange rose 8.6%. Net sales for last month totaled $21.5 billion, up 10.1% from a year ago.
Ford (F): The company is raising the price of its F-150 lightning for the second time in recent months, driven by higher costs and supply chain issues. The 2023 F-150 Lightning Pro, which is aimed at commercial users, will cost $51,974, up $5,000 from its previous starting price. This is the second time Ford has raised the price for its F-150 Lightning in two months. In a statement, Ford said it is adjusting the price “due to ongoing supply chain constraints, rising material costs and other market factors” and that it plans to “continue to monitor pricing across the model year.”
Abbvie (ABBV): The biopharmaceutical company said in a filing that its third-quarter earnings are expected to include acquired IPR&D and milestones expense of $40 million on a pre-tax basis. As a result, AbbVie’s third-quarter adjusted earnings per share guidance is $3.53 to $3.57 and its full-year 2022 adjusted EPS forecast is $13.76 to $13.96.
Chip stocks have had a brutal ride in 2022. The tables have turned on a sector particularly sensitive to cycles; after seeing outsized growth during the pandemic, and despite the global chip shortage, waning demand has seen many in the segment hit hard. Factor in some lofty valuations, a slowing economy and fears of a full-blown recession and the result is the SOX (the main Semiconductor index) is down by 38% year-to-date. That said, there are many good companies operating in the space whose sha
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Yahoo Finance columnist Rick Newman details how the U.S. national debt has surpassed $31 trillion for the first time ever and what it could mean for the economy.
Ford Motor Co. said Tuesday that September U.S. vehicles sales fell 8.9% from a year ago to 142,644 vehicles, as a big drop in truck sales offset a near tripling in electric vehicle sales. The auto maker’s stock charged up 5.3% in morning trading, after rallying 2.4% on Monday to bounce off Friday’s two-month low. Ford said September truck sales dropped 18.3% to 68,299, as F-Series sales sank 26.6% to 46,338 vehicles. Sport utility vehicle (SUV) sales increased 0.9% to 70,887, as sales of the Es
In this article, we will take a look at the 10 stocks recently upgraded by analysts. If you want to see some more stocks on the list, go directly to Analysts are Upgrading These 5 Stocks. U.S. stocks turned red on Wednesday morning after staying in positive territory during the last two trading sessions. Meanwhile, […]
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Blanke Schein Wealth Management CIO Robert Schein and FWDBONDS Chief Economist Chris Rupkey join Yahoo Finance Live to weigh in on what the next moves from the Fed might be as fears of a recession continue growing.