Economy

“Private job growth totals 807,000 in December, more than doubling expectations, ADP says”

“…Private job growth totaled 807,000 for the month, well ahead of the Dow Jones estimate for 375,000 and the November gain of 505,000. The November total was revised lower from the initially reported 534,000. The total was the best for the… Continue Reading…

Business, Stocks

“Stitch Fix shares are down more than 27%, analyst says apparel retailer has hit a ‘growth wall’”

“Stitch Fix shares plummeted more than 27% Wednesday to a fresh 52-week low as one analyst said the company has run smack into a “growth wall.” The online shopping and styling service was able to top fiscal first-quarter expectations after the bell on… Continue Reading…

Economy

“Job growth disappoints in November, with a gain of just 210,000, despite high hopes”

“ Nonfarm payrolls increased by 210,000 in November, following a gain of 546,000 the previous month. The number was well below Wall Street expectations of 573,000. Despite the big hiring miss, the unemployment rate fell to 4.2%, a 0.4% percentage… Continue Reading…

Economy

“Private payrolls post better-than-expected growth of 534,000 in November, ADP says”

“Private hiring increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighter. The total was a decline from the October growth of 570,000, which was revised lower… Continue Reading…

Business

“Zoom sales growth slows as more people return to work”

“Zoom Video Communications sales growth slowed last quarter as the extra demand for remote work and the company’s video-conferencing application eased, along with a pullback in the Covid-19 pandemic. The San Jose, Calif.-based company said its sales rose 35% from… Continue Reading…

Economy

“U.S. posts weakest growth of pandemic recovery”

“U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment. Gross domestic product expanded at a… Continue Reading…

Economy

“Economic growth rate slows to 2% on a sharp slowdown in consumer spending”

“The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday. Gross domestic… Continue Reading…

Economy

“US Growth Forecast Slashed By One Percent, and IMF Warns Global Economy Is Not Looking Good”

“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…

Stocks

“Fast-Growing Stocks: Nvidia, GOOGL Stock Among 17 Names Expecting Up To 776% Growth In Q3”

“Q3 Earnings: Best Growth Stocks To Watch Screen generated in MarketSmith | Data as of 9/21/21 Company Symbol EPS Est Cur Qtr % Comp Rating EPS Rating RS Rating SMR Rating Steel Dynamics Inc STLD 776 98 95 90 A Kulicke &… Continue Reading…

Stocks

“Snap pops more than 16% on earnings beat and user growth”

“Snap’s stock jumped after the company reported Thursday its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth. Here’s what Snap reported versus Wall Street’s estimates: Adjusted earnings per share: 10 cents vs. 1 cent loss forecast by… Continue Reading…