Wells Fargo Maintains Overweight on Procter & Gamble, Lowers Price Target to $162
Wells Fargo analyst Chris Carey maintains Procter & Gamble (NYSE:PG) with a Overweight and lowers the price target from $168 to $162.
US Stocks Close Lower, Market Volatility Increases
US stocks closed lower on Thursday following the release of recent labor market data.
Data from the Labor Department showed initial jobless claims coming in lower-than-expected during the recent week, indicating a tight labor market.
Dow Drops 150 Points; Crude Oil Up 1%
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping around 150 points on Thursday.
Procter & Gamble Q2 EPS $1.59, Inline, Sales $20.80B Beat $20.73B Estimate
Procter & Gamble (NYSE:PG) reported quarterly earnings of $1.59 per share which met the analyst consensus estimate. This is a 4.22 percent decrease over earnings of $1.66 per share from the same period last year. The
Nasdaq, S&P 500 Futures Slump Ahead Of Netflix Earnings, Another Batch Of Economic Data
The index futures point to a moderately lower opening for Wall Street stocks on Thursday, as the negative sentiment carries over into the new trading day.
Earnings Scheduled For January 19, 2023
Companies Reporting Before The Bell
• Procter & Gamble (NYSE:PG) is estimated to report quarterly earnings at $1.59 per share on revenue of $20.73 billion.
Procter & Gamble, Netflix And 3 Stocks To Watch Heading Into Thursday
With US stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
Investor Optimism Declines As Nasdaq Snaps 7-Day Win Streak
The CNN Money Fear and Greed index showed a drop in the market sentiment.
The Nasdaq Composite snapped a seven-day win streak on Wednesday as investors digested the retail sales data, which showed a decline of 1.1% month-over-month for December, higher than market expectations of a 1% drop. Producer prices for final demand in the US fell 0.5% month-over-month in December.
Will This Week Bring Investors Good News? Netflix, Goldman, P&G And Other Key Earnings Reports To Watch
Last week’s big bank earnings marked the unofficial start of the reporting season, and quarterly earnings from the biggest Wall Street firms relayed a mixed message.