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Fri, May 27th



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Yahoo BusinessMay 27, 2022
Stock Market Climbs More Than 1% As Retail Bounces; These 4 Oil Stocks Top Buy Points

What These 3 Key Retail Stocks' Mixed Signals Really Mean (The Motley Fool)
Stocks making the biggest moves premarket: Big Lots, Hibbett, Pinduoduo and others - CNBC (Google Business News)

Yahoo BusinessMay 27, 2022
Dow Jones Futures Rise After Big Market Rally; Here's What To Do Now

Market Snapshot: U.S. stock futures tick higher as Fed's preferred measure of inflation remains hot, but cools (MarketWatch)

MarketWatch Breaking NewsMay 27, 2022
Old Navy blamed as Gap shares are down 16% in premarket trades Friday
Old Navy blamed as Gap shares are down 16% in premarket trades Friday

MarketWatch MarketPulseMay 27, 2022
Canopy Growth shares drop on wider-than-expected loss
Canopy Growth Corp. shares fell 11% in premarket trades Friday after it said its fourth-quarter loss narrowed to C$574.6 million, or $1.46 a share, from C$700 million, or $1.85 a share in the year-ago quarter. Revenue for the three months ended March 31 fell to C$126.1 million from C$167.4 million in the year-ago period. Analysts expected Constellation Brands Inc.-backed backed Canopy Growth to report a loss of 30 cents a share on revenue of C$129.9 million, according to FactSet. Looking ahead, Canopy Growth expects to generate positive adjusted Ebitda in fiscal year 2024, excluding investments in BioSteel drinks and its U.S. THC businesses. "Achieving profitability is critical and we have undertaken additional initiatives to streamline and drive efficiencies for our global cannabis business," said CEO David Klein. "In FY2023, we are focused on executing our path to profitability in Canada, while we continue to invest in high potential opportunities -- particularly in BioSteel, and further developing our U.S. THC ecosystem, which we believe remains significantly under-appreciated by the market." Prior to Friday's trades, shares of Canopy Growth are down 35.5% in 2022 compared to a drop of 25% by the Nasdaq and a loss of 41.9% by the Cannabis ETF .

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.

Hibbett shares fall premarket after profit miss as higher costs and lower discretionary income weigh (MarketWatch MarketPulse)

Google Business NewsMay 27, 2022
Stock market news live updates: Stock futures rise, S&P 500 looks to snap 7-week losing streak - Yahoo Finance
Stock market news live updates: Stock futures rise, S&P 500 looks to snap 7-week losing streak  Yahoo FinanceGap, Workday, Big Lots Fall Premarket; Ulta Beauty, Dell Rise By Investing.com  Investing.comDow Jones Futures Rise After Big Market Rally; Here's What To Do Now  Investor's Business DailyStock market news live updates: Stocks surge as relief rally gains steam on upbeat earnings  Yahoo FinanceMacy's, Twitter, Dollar General Rise Premarket; Nvidia, Apple Fall By Investing.com  Investing.com

Private Equity Breaking NewsMay 27, 2022
Fund of funds continue ‘phenomenal run' outperforming private capital markets with 14-quarter winning streak
Private capital funds of funds have continued their "phenomenal run" with a 14-quarter streak of outperforming the rest of the private capital universe, new data from PitchBook shows.

The post Fund of funds continue ‘phenomenal run' outperforming private capital markets with 14-quarter winning streak first appeared on AltAssets Private Equity News.

MarketWatch MarketPulseMay 27, 2022
Pinduoduo stock surges after big profit and revenue beats, as gross margin improves sharply
The U.S. listed shares of Pinduoduo Inc. charged 9.5% higher in premarket trading Friday, after the China-based mobile marketplace reported first-quarter profit and revenue that rose well above expectations, as gross margin improved sharply with costs falling. The company swung to net income of RMB2.60 billion ($410.1 million), or RMB1.84 a share, from a net loss of RMB2.91 billion, or RMB2.33 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per American depositary share of RMB2.95 beat the FactSet consensus of RMB1.83. Revenue grew 7.3% to RMB23.79 billion ($3.75 billion), above the FactSet consensus of RMB20.45 billion, while costs of revenue fell 33.4% improved to 69.9% from 51.5%. Average monthly active users rose 4% to 751.3 million and active buyers in the 12 months to March 31 increased 7% to 881.9 million. The stock has tumbled 28.1% year to date through Thursday, while the iShares MSCI China ETF has dropped 20.4% and the S&P 500 has shed 14.9%.

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.

The Motley FoolMay 27, 2022
Down 30%, Is Now The Time to Buy This Baby-Berkshire Stock?
This company has made some great investments but is not getting rewarded by the market at the moment.

MarketWatch MarketPulseMay 27, 2022
Big Lots stock plunges after swinging to surprise loss and sales miss, and as gross margin contracted
Shares of Big Lots Inc. plunged 21.2% toward a two-year low in premarket trading Friday, after the home discount retailer swung to a surprise fiscal first-quarter loss and sales that fell more than forecast, as gross margin fell amid challenging changes in consumer demand. The net loss for the quarter to April 30 was $11.1 million, or 39 cents a share, after net income of $94.6 million, or $2.62 a share, in the year-ago period. The FactSet consensus was earnings per share of 95 cents. Sales fell 15.4% to $1.37 billion, below the FactSet consensus of $1.46 billion, while same-stores dropped 17.0% to miss expectations for an 11.4% decline. Gross margin contracted to 36.7% from 40.2% as selling and administrative expenses declined just 3.3%. For the fiscal second quarter, the company expects same-store sales to decline in the single-to-high single digit percentage range, compared with the FactSet consensus for a 1.5% decline. "We expect the environment to remain challenging and we remain highly focused on managing the business prudently, which includes aggressively right-sizing our inventories over the course of Q2," said Chief Executive Bruce Thorn. "We are focused on opening price points that drive traffic and improving gross margin rates through capitalizing on significant close-out opportunities, more targeted pricing and promotions, minimizing supply chain charges, and reducing shrink." The stock has already tumbled 32.0% year to date through Thursday, while the S&P 500 has lost 14.9%.

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.

MarketWatch MarketPulseMay 27, 2022
Biden plans to cancel $10,000 in student loans per borrower, announcement won't come this weekend: report
President Joe Biden had planned to announce forgiveness for student loans as soon as this weekend as he gives a speech at the University of Delaware's commencement, but that timing has changed after Tuesday's school shooting in Uvalde, Texas, according to a Washington Post report on Friday citing unnamed sources. White House officials currently plan to cancel $10,000 in student debt per borrower, limiting the forgiveness to Americans who earned less than $150,000 in the prior year, or less than $300,000 for married couples filing jointly, the report said. That would be in line with what was expected.

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 FoolMay 27, 2022
Inflation Bear Market: 4 Large-Cap Stocks to Buy
The industry stalwarts can combat inflation and reward investors over time.

MarketWatchMay 27, 2022
Retirement Hacks: Why cash is an important part of your retirement plan
When planning for retirement, find a way to fit cash savings into the mix

MarketWatchMay 27, 2022
Livability: 7 secret beaches that are worth the trip to get there
The best beaches also attract the largest crowds—unless you know where the hidden ones are.

KiplingerMay 27, 2022
Is the Stock Market Closed on Memorial Day 2022?
Americans will commemorate its fallen military personnel, and mark the unofficial start of summer, this Memorial Day, Monday, May 30. And the stock market will indeed be closed for Memorial Day, ensuring that investors can focus on the events of the day rather than watching the stock market continue its roller-coaster ways.

In many ways, 2022's day of commemoration is sure to feel more normal than the past two years. The COVID-19 pandemic largely clamped down on celebrations in 2020 and still cast a pall over 2021. And while the disease is far from contained, Americans clearly plan to travel. 

SEE MORE The 10 Best Stocks for a Bear Market AAA estimates that 39.2 million travelers will fly or drive this Memorial Day weekend ... still down from 2019's 42.8 million people who either booked flights or drove at least 50 miles to a destination, but up from last year's 36.2 million. That's naturally expected to keep upward pressure on gas prices, which have shot 40% higher from the start of 2022 alone.

But one thing that stays the same, year after year? Investors are getting a long weekend. Both the stock market and the bond market will be closed on May 30 in observation of Memorial Day. Also, the bond market will close early May 27, the Friday before Memorial Day.

Regular trading in stocks and bonds resumes on Tuesday, May 31.

Sign up for Kiplinger's FREE Closing Bell e-letter: Our daily look at the stock market's most important headlines, and what moves investors should make.

Here, we provide a schedule of stock market holidays and bond market holidays for 2022. Please note tha

MarketWatchMay 27, 2022
The Moneyist: ‘Emotions and money do collide': My girlfriend doesn't understand how her student loan works and rents a pricey apartment. What if we marry — and divorce?
‘I get nervous when I read things like the divorce rate is 50% and rising.'

Help Me Retire: I'm 68, my husband is terminally ill, and his $3 million estate will go to his son. I want to spend the rest of my days traveling — will I have enough money? (MarketWatch)

MarketWatchMay 27, 2022
The New York Post: Jet fuel prices double ahead of busy summer travel season
The price of jet fuel is twice as much as it was last year, according to U.S. federal data - an ominous sign for cash-strapped summer revelers ahead of what is expected to be a busy travel season.

MarketWatchMay 26, 2022
Dow Jones Newswires: Alibaba shares soar in Hong Kong as optimism persists over earnings beat
Alibaba Group Holding Ltd. shares soared in Hong Kong trading on Friday, extending the positive momentum from U.S. trading overnight as investors welcomed the company's better-than-expected earnings.

MarketWatchMay 26, 2022
Earnings Results: Gap stock drops as Old Navy's struggles sink sales and outlook
Gap shares fell in the extended session Thursday after the clothing retailer turned in a wider-than-expected loss and issued a disappointing outlook.

MarketWatchMay 26, 2022
Economic Report: Pending home sales fall for sixth straight month due to high prices and mortgage rates
An index of pending U.S. home sales slumped 3.9% in April and fell for the sixth month in a row, signaling a sharp slowdown in the real estate market due to record home prices and rising mortgage rates.

Economic Report: U.S. unemployment claims fall to 210,000 and signal labor market still strong (MarketWatch)

Washington Post BusinessMay 26, 2022
Tech and retail stocks lift markets: Dow surges more than 500 points

MarketWatchMay 26, 2022
Market Snapshot: Dow ends higher for 5th day, scoring longest win streak in 2 months as consumer and tech sectors recover
U.S. stocks close sharply higher on Thursday, led by consumer and technology stocks, after a batch of better earnings reports from retailers and mostly benign economic data helped assuage investor concerns about a slowing economy.

CNBC FinanceMay 26, 2022
The market's comeback from a long slump gains steam with the Dow up 550 points
Stocks rose Thursday as Wall Street tried to rebound from a long string of weekly declines.

MarketWatchMay 26, 2022
The Moneyist: ‘What are the chances? I retire and the stock market crashes. All my plans are upside down.' I want to draw on my 401(k) to renovate my new home. What options do I have?
‘The stock market is my problem. My 401(k) is my problem.'
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