ADVFN US – Market Content Editor
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Can Aerospace Stocks Keep Leading the Market? Bernstein Weighs In
Aerospace shares have posted solid gains so far this year, but a recent report from Bernstein suggests that while the sector’s fundamentals remain strong, the rate of earnings upgrades may decelerate. The research firm highlighted the aftermarket segment as a major contributor to 2025 performance, noting that second-quarter sales growth averaged over 20%. Demand for…
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JPMorgan Strategists Stick to Bullish View on Global Equities
JPMorgan’s team of quantitative strategists reiterated their optimistic stance on stocks, pointing to loose financial conditions, a rebound in foreign investment in U.S. markets, and valuation models suggesting current levels are broadly aligned with fundamentals. In a Wednesday note, strategists led by Nikolaos Panigirtzoglou highlighted that while macro hedge funds remain wary, equity long/short managers…
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Positive Reaction To Powell Speech Sparks Rally On Wall Street
After trending lower over the past several sessions, stocks showed a substantial move back to the upside during trading on Friday. The major averages all moved sharply higher on the day, with the Dow reaching a new record closing high. The major averages ended the day well off their best levels but still posted strong…
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Jerome Powell to Deliver Economic Outlook Speech at 2025 Jackson Hole Symposium
Federal Reserve Chair Jerome Powell is scheduled deliver remarks on the “Economic Outlook and Framework Review” at the 2025 Jackson Hole Economic Policy Symposium at 10 am ET.
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Dow Jones S&P 500 and Nasdaq Futures Rebound as Wall Street Awaits Powell Speech at Jackson Hole
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after trending lower over the past several sessions. Traders may look to pick up stocks at somewhat reduced levels following the recent weakness, which has seen the S&P 500 close lower for five…
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U.S. Companies Report Strongest Earnings Surprise Since Q1 2022
American firms posted their most significant earnings beats in over three years during the second quarter, Jefferies reported, with smaller companies poised to outpace their larger counterparts in the upcoming reporting season. Jefferies highlighted that “the difference between actual & consensus earnings growth is 12.3%, the widest spread since 1Q’22.” The firm noted that more…
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Goldman Sachs: Sluggish U.S. Job Growth Bolsters Outlook for Fed Rate Cuts
Goldman Sachs analysts believe that the recent slowdown in U.S. job creation, along with the risk of further downward revisions to employment figures, has likely already nudged the Federal Reserve toward resuming interest rate cuts. In a research note, the bank argued that the labor market will likely appear “mediocre” in the months ahead due…
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Ross Stores rises on Q2 results; expects strong demand as shoppers hunt for bargains
Ross Stores (NASDAQ:ROST) reported second-quarter results on Thursday that exceeded Wall Street expectations, despite facing tariff-related pressures, and indicated that industry-wide price increases are likely to boost demand among value-conscious consumers this Fall. Shares of Ross Stores climbed 3% in premarket trading Friday. The retailer posted Q2 earnings of $1.56 per share on $5.53 billion…
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Intuit tops Q4 forecasts but cautious guidance weighs on shares
Intuit (NASDAQ:INTU) reported fourth-quarter earnings and revenue that exceeded Wall Street expectations on Thursday, yet its shares dropped more than 5% in extended trading, amid concerns over slower growth in its Global Business Solutions Group (GBSG) division. The maker of TurboTax and QuickBooks posted Q4 earnings of $2.75 per share, above analysts’ consensus of $2.66.…
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Workday beats earnings expectations but cautious outlook drags shares
Workday (NASDAQ:WDAY) reported quarterly results that exceeded Wall Street estimates for both profit and revenue, yet its shares fell more than 4% in premarket trading Friday after issuing a cautious revenue forecast for the current quarter. The company posted second-quarter earnings of $2.21 per share, surpassing analysts’ expectations of $2.11. Revenue reached $2.35 billion, slightly…