StockDrop
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Walmart Warns of Consumer Tightening, Shares Drop 9%đ
On the equity side, while indices managed to pull out a small gain, Walmart shares fell 9% on the day as management warned analysts that sale price increases are stalling and could begin to reverse (ie. deflation) in the coming quarters as consumers retrench. Specifically, the company cited that there was a "sharper fallout" in sales during the last 2 weeks of October and that they have "turned more cautious on the consumer than they did 90 days ago", ecohing concerns from other retailers such as Target and Home Depot.
#Walmart #StockDrop #inflation #Target #HomeDepot
On the equity side, while indices managed to pull out a small gain, Walmart shares fell 9% on the day as management warned analysts that sale price increases are stalling and could begin to reverse (ie. deflation) in the coming quarters as consumers retrench. Specifically, the company cited that there was a "sharper fallout" in sales during the last 2 weeks of October and that they have "turned more cautious on the consumer than they did 90 days ago", ecohing concerns from other retailers such as Target and Home Depot.
#Walmart #StockDrop #inflation #Target #HomeDepot
Equities Plummet as Yield Pressures Mountâ
Equities bled across the board with the SPX trading down nearly -1.5%, and Nasdaq -2.5%. Ongoing yield pressures and poor Alphabet results saw the stock falter by the 3rd largest daily drop since the 2004 IPO(!!!). Furthermore, despite blowing past analyst estimates on both sales and user growth and reporting one of the most profitable quarters recently, Meta saw a -5% turnround in the after hours as investors fretted over the CFO's warnings of weaker advertising trends in Q4. We see the abrupt investor reaction over a very solid quarter to be reflective of a strong change in risk sentiment, and we believe that risk assets will be in for a tough ride in the next few weeks ahead.
#Equities #YieldPressures #Alphabet #Meta #StockDrop
Equities bled across the board with the SPX trading down nearly -1.5%, and Nasdaq -2.5%. Ongoing yield pressures and poor Alphabet results saw the stock falter by the 3rd largest daily drop since the 2004 IPO(!!!). Furthermore, despite blowing past analyst estimates on both sales and user growth and reporting one of the most profitable quarters recently, Meta saw a -5% turnround in the after hours as investors fretted over the CFO's warnings of weaker advertising trends in Q4. We see the abrupt investor reaction over a very solid quarter to be reflective of a strong change in risk sentiment, and we believe that risk assets will be in for a tough ride in the next few weeks ahead.
#Equities #YieldPressures #Alphabet #Meta #StockDrop
