U.S. Equities Continue to Fall as Bond Yields Surge
Friday saw U.S. equities facing another day of losses, leading to the S & P 500 recording its fourth consecutive day of decline. The S & P plummeted by 0.9% during midmorning trading, while the Nasdaq Composite experienced a decline of over 1%. The main factors hindering stock performance are the surging bond yields, which have reached the highest level in 16 years, with the 10-year Treasury yield hovering just below 5%. Additionally, higher oil prices due to geopolitical tensions in the Middle East have added to the downward pressure on stocks, with West Texas Intermediate crude rising by 0.8% to $89 per barrel.
Upcoming Earnings Reports for CNBC Investing Club Portfolio
Next week, the CNBC Investing Club portfolio will witness the release of earnings reports from ten companies. On Tuesday, Danaher (DHR) will report before the opening bell, with investors focusing on inventory destocking. Microsoft (MSFT) and Alphabet (GOOGL) will both report after the closing bell that day, with attention centered on the growth of Microsoft’s cloud business Azure and the expected acceleration of advertising revenues for Alphabet. Wednesday will see Meta Platforms (META) reporting after the closing bell, with investors hoping to see effective expense management from the social media giant. Furthermore, water quality business Veralto (VLTO) will report for the first time as an independent company, with margins being a crucial theme. On Thursday morning, industrial giant Honeywell (HON) will release its earnings report following recent portfolio realignment. Gas giant Linde (LIN) will also report on that day, with a focus on green hydrogen projects. Later on Thursday, Amazon (AMZN) will report after the closing bell, and the market will be closely watching the stability of its cloud business, Amazon Web Services. Ford Motor (F) will also release its earnings report after the close on Thursday, with the emphasis on managing losses at its electric-vehicle division. Finally, Stanley Black & Decker (SWK) will report before the opening bell on Friday, and investors will pay attention to the company’s progress in reducing costs and inventory. (For a complete list of stocks in Jim Cramer’s Charitable Trust, refer here.)
Trade Alerts for CNBC Investing Club Subscribers
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes any trades. Jim follows a waiting period of 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. In the case that Jim discusses a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Please note that the investment club information provided above is subject to our terms and conditions, privacy policy, and disclaimer. Your receipt of any information in connection with the investing club does not create or imply any fiduciary obligation or duty. Specific outcomes or profits are not guaranteed.
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