Nasdaq Surges Over 200 Points; General Electric Posts Downbeat Earnings
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Tuesday.
S&P 500 Rises Over 1%; General Motors Earnings Top Views
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1.8% on Tuesday.
Looking Into Crown Holdings’s Recent Short Interest
Crown Holdings's (NYSE:CCK) short percent of float has risen 12.38% since its last report. The company recently reported that it has 4.10 million shares sold short, which is 3.63% of all regular shares that are available for trading.
Crown Sees Q4 Adj. EPS $1.00-$1.10 Vs $1.77 Est.; Sees FY Adj. EPS $6.60-$6.70 Vs $7.67 Est.
Outlook
The Company currently expects fourth quarter adjusted earnings to be in the range of $1.00 to $1.10 per share, and full year adjusted earnings in the range
Crown Holdings Q3 EPS $1.46 Misses $1.79 Estimate, Sales $3.26B Miss $3.30B Estimate
Crown Holdings (NYSE:CCK) reported quarterly earnings of $1.46 per share which missed the analyst consensus estimate of $1.79 by 18.44 percent. This is a 28.08 percent decrease over earnings of $2.03 per share from the
Investor Sentiment Improves Ahead Of Earnings Results
The CNN Money Fear and Greed index showed some improvement in the investor sentiment.
Earnings Scheduled For October 24, 2022
Companies Reporting Before The Bell
• Imperial Ptrl (NASDAQ:IMPP) is likely to report earnings for its third quarter.
US Stock Futures Lower Following Friday’s Rally; Tesla In Focus
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Monday after recording sharp gains in the previous session. The Dow Jones jumped by around 750 points on Friday. All the three major indices recorded their best week since June, with the S&P 500 and Dow adding 4.7% and 4.9%, respectively last week.
Myovant Sciences, Discover Financial And 3 Stocks To Watch Heading Into Monday
With US stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows: