Good Friday morning traders and investors of the r/stocks sub! Welcome to the final trading day of this week, and month of April. Here are your pre-market movers & news on this Friday, April the 28th, 2023-
Stock futures fall after latest batch of earnings: Live updates
U.S. stock futures fell Friday as investors digested the latest round of corporate earnings, including results from Amazon.
Dow Jones Industrial Average futures fell by 108 points, or 0.3%. S&P 500 and Nasdaq-100 futures slipped 0.3% each.
Amazon shares were down about 1% after initially rising following the online retailer’s first-quarter results. Meanwhile, Snap tumbled 18% in extended trading following a revenue miss. Pinterest shares fell 14% after issuing disappointing second-quarter revenue growth expectations.
The earnings season has been better than expected. Of the 261 S&P 500 companies that have reported earnings, about 80% have reported positive surprises, according to FactSet data.
Still, some traders expressed skepticism that this earnings season is strong.
“It doesn’t take us out of an earnings recession. We’re still in an earnings recession. And this calendar quarter, which we are in right now, we are going to see the most intense economic contraction and potentially the deepest earnings contraction of what will be a sequential three quarter decline,” Virtus Investment Partners’ Joseph Terranova said Thursday on CNBC’s “Closing Bell.”
On the more positive side, Intel shares climbed more than 4% after the semiconductor firm beat estimates on the top and bottom lines.
Investors are coming off a strong trading session for the major averages, with the Dow Jones Industrial Average and S&P 500 notching their best day since January. Meanwhile, the Nasdaq Composite jumped 2%, posting its best day since March.
Those gains come after a better-than-expected report from Meta fueled a rally in tech stocks. Investors appeared to shake off light GDP data that could signal the Federal Reserve’s rate-hiking campaign may soon come to an end.
On the economic front, traders will watch for the latest personal income and spending data, due out Friday before the open. Economists polled by Dow Jones are expecting core prices to have risen 0.3% in March from the prior month. That’s in line with the prior reading.
The final reading of the April consumer sentiment data is also set to be released Friday at 10 a.m. ET. It’s expected to show a reading of 63.5, which is the same as the previous readout.
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
([CLICK HERE FOR NEXT WEEK'S EARNINGS CALENDAR!]())
(T.B.A. THIS WEEKEND.)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
(NONE.)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!]())
(NONE.)
YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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YESTERDAY'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S STOCK NEWS MOVERS:
(source: [cnbc.com](TO BE POSTED LATER THIS MORNING.))
(TO BE POSTED LATER THIS MORNING.) – (TO BE POSTED LATER THIS MORNING.).
STOCK SYMBOL: (TO BE POSTED LATER THIS MORNING.)
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FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
I hope you all have an excellent final trading day of this week ahead on this Friday, April 28th, 2023! :)
[link] [comments] https://www.reddit.com/r/stocks/comments/131o5o7/428_fridays_premarket_stock_movers_news/
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