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MarketWatch MarketPulseJan 27, 2022
Treasury yield curve flattens to levels not seen since 2019-2020 after Fed's policy update
The Treasury yield curve, often regarded as an indicator of investor outlook on the U.S. economy, continued to flatten on Thursday to levels not seen in years following the Fed's policy update in the prior session. The spread between 2-year and 10-year yields shrunk to 62.7 basis points, the flattest level since November 2020, according to data provided by Tradeweb as of 11 a.m. Eastern time. Meanwhile, the gap between 5- and 30-year yields narrowed to 43.6 basis points, the flattest since January 2019. The shrinking spreads suggest that investors don't think Federal Reserve officials can raise interest rates as much as they'd like, without damaging economic growth.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolJan 27, 2022
Market Sell-Off 2022: 3 Ultra-Safe Dividend Stocks to Buy Now
This defensive basket is built to limit the effects of market volatility on your portfolio.

Chicago Tribune Business NewsJan 27, 2022
Stocks rise on Wall Street after several days of whiplash
Stocks rose in late morning trading on Wall Street Thursday as markets settle down following several days of whiplash moves both up and down.

The Motley FoolJan 27, 2022
3 Stocks to Pounce On As the Market Dips
It's a question of when, not if. Be prepared.

MarketWatch MarketPulseJan 27, 2022
Coronavirus tally: Moderna starts to test an omicron-specific COVID vaccine booster in health adults
Moderna has begun testing an omicron-specific COVID-19 booster in healthy adults, following in the wake of a study announced earlier this week by Pfizer and German partner BioNTech ,the Associated Press reported. The original vaccines still offer good protection against death and severe illness. Studies in the U.S. and elsewhere show a booster dose strengthens that protection and improves the chances of avoiding even a milder infection. The U.S. is averaging 618,231 cases a day, according to a New York Times tracker, down 21% from two weeks ago, suggesting the omicron peak has been reached. Hospitalizations at an average of 153,306 remain high, however, and deaths are averaging more than 2,466 a day, the most since last winter. On a global basis, the total tally for COVID-19 cases hiked up above 362.8 million and the death toll rose above 5.62 million, according to data aggregated by Johns Hopkins University. The U.S. leads the world with a total COVID-19 case count of 72.9 million and death toll of 876,066.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolJan 27, 2022
Market Sell-Off: 2 Growth Stocks to Buy in Tough Times
It's hard to look past these two tech behemoths given their decades-long track record of outperforming the broader stock market.

MarketWatch MarketPulseJan 27, 2022
Netflix stock bounces off 22-month low after Pershing Square hedge fund buys shares
Shares of Netflix Inc. bounced 4.8% in premarket trading Thursday, off a 22-month closing low in the previous session, after Bill Ackman said his Pershing Square Capital Management hedge fund bought 3.1 million of the streaming video services company's shares "beginning on Friday and over the past several days." Based on Wednesday's closing price of $359.70, which was the lowest since March 27, 2020, the shares purchased would be valued at about $1.12 billion, or about 0.7% of Netflix's market capitalization of $159.33 billion. Ackman's announcement comes after the stock had plunged 30.3% amid a five-day losing streak, highlighted by the 21.8% selloff on Friday after a disappointing fourth-quarter report and outlook. Pershing Square didn't own any Netflix shares at the end of the third quarter, according to the latest 13F filing. The stock has tumbled 45.7% over the past three months through Wednesday, while the S&P 500 has slipped 4.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 27, 2022
1-800-Flowers stock tanks after supply-chain disruptions hurt profit
Shares of 1-800-Flowers.com Inc. sank more than 26% in Thursday premarket trading after the gifts retailer reported a fiscal second-quarter profit that missed expectations and gave weak full-year guidance. Net income totaled $88.5 million, or $1.34 per share, down from $113.7 million, or $1.71 per share, last year. The FactSet consensus was for $1.79. Revenue totaled $943.0 million, up from $877.3 million and below the $978.1 million FactSet consensus. The company attributed the profit decline to "significant year-over-year cost increases for inbound and outbound shipping, labor, and digital marketing." The company says the higher costs "significantly exceeded our expectations during the quarter." Gross profit margin was 40.1%, down 530 basis points year-over-year. For fiscal 2022, 1-800-Flowers.com is guiding for revenue growth of 7% to 9% and EPS in the range of 90 cents to $1, with free cash flow down "significantly" in order to invest in inventory and growth plans and address headwinds. The FactSet consensus is for sales of $2.352 billion, implying 10.8% growth, and EPS of $1.83. Shares of 1-800-Flowers.com are down 42% over the last year while the S&P 500 index has gained 16% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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MarketWatch MarketPulseJan 27, 2022
Northrop Grumman stock falls after profit beat expectations but sales miss, amid labor market, supply chain challenges
Shares of Northrop Grumman Corp. fell 1.2% in premarket trading Thursday, after the aeronautics, defense and space company reported fourth-quarter profit that beat expectations but sales that missed, with the ongoing impact of COVID-19 led to a tight labor market, elevated levels of employee leave and supply chain challenges weighing on results. Net income spiked up to $2.71 billion, or $17.14 a share, from $330 million, or $1.97 a share, in the year-ago period. Excluding nonrecurring items, such as a $1.8 billion pension benefit, adjusted earnings per share came to $6.00, above the FactSet consensus of $5.96. Sales fell 15.4% to $8.64 billion, below the FactSet consensus of $9.00 billion, as declines in Aeronautics, Defense Systems and Mission Systems sales offset growth in Space Systems. For 2022, the company expects adjusted EPS of $24.50 to $25.10 and sales of $36.20 billion to $36.60 billion, compared with the FactSet consensus for EPS of $25.08 and for sales of $37.05 billion. Separately, the company said it added $2.0 billion to its share repurchase program. The stock has gained 3.9% over the past three months through Wednesday, while the S&P 500 has dropped 4.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 27, 2022
Block shares lower on report Apple to let iPhones accept payments without extra hardware
Shares of Block traded 3% lower in early premarket action after Bloomberg reported that Apple is planning a service that will let businesses accept payments on iPhones without the need for additional hardware. Block operates the popular small-business payments service Square. The report said the Apple service will be coming in months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 26, 2022
Palladium futures rally to highest finish since September on threat to global supplies
Palladium futures climbed sharply on Wednesday, with prices settling at their highest since September, with rising tensions over Ukraine prompting concerns of a possible disruption to supplies of the metal from Russia, which is the world's largest producer. "An all-out conflict with Russia would exasperate an already critical supply issue in the palladium space," said Chris Blasi, president of Neptune Global. March palladium climbed $161.70, or 7.4%, to settle at $2,350.60 an ounce on Comex, the highest most-active contract finish since Sept. 7, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 26, 2022
Bill Ackman says his hedge fund just bought 3.1 million shares of Netflix
Billionaire hedge fund manager Bill Ackman on Wednesday said his firm has purchased more than 3.1 million shares of Netflix Inc. , making it a top-20 holder. "The opportunity to acquire Netflix at an attractive valuation emerged when investors reacted negatively to the recent quarter's subscriber growth and management's short-term guidance. Netflix's substantial stock price decline was further exacerbated by recent market volatility," said Ackman, who is chief executive of Pershing Square Capital Management. He announced the investment on his Twitter account and in a press release. Netflix was not immediately available for comment.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJan 26, 2022
UPDATE: At least 3 SPACs have withdrawn IPO plans in the last 24 hours amid highly volatile equity markets
At least four special-purpose acquisition corporations, or SPACs, have pulled their initial public offering plans in the past 24 hours, amid highly volatile equity markets. SPACs, also known as blank-check companies, are shell companies that raise money in an IPO and then acquire a business or businesses. The vehicle became popular during the pandemic, but many have struggled in the last year. Do It Again Corp., a SPAC that was targeting a deal in the restaurant or food service sector, withdrew its registration early Wednesday. Murphy Canyon Acquisition Corp., which filed last June to raise $150 million in an IPO, withdrew its registration statement on Wednesday, and then said the withdrawal had been filed in error. Murphy Canyon had said it was seeking a target company in the real estate sector, "including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space, which we may refer to as "Proptech" businesses." Those moves came after CAVU Techology Acquisition Corp., which filed to raise up to $100 million in an IPO last March, also withdrew its registration statement. In its original filing, the company said it would target technology companies with an enterprise value of approximately $250 million to $500 million. Finally, TCG Growth Opportunities Corp., which filed for an IPO last March with plans to raise up to $250 million, also pulled its deal. The IPO market has gotten off to a weak start in 2022, with the Renaissance IPO ETF down 24.6% in the year to date, while the S&P 500 has fallen 9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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