Topics: Costco (COST) Gains But Lags...; EnerSys (ENS) Matches Q1 Earnings...; Applovin reports record results in... and many other

[Limex] Dear {NAME}, Some topics you might have missed. --------------------------------------------------------------- [Costco (COST) Gains But Lags Market: What You Should Know]( Costco (COST) closed at $539.82 in the latest trading session, marking a +0.75% move from the prior day. This change lagged the S&P 500's … [Read more]( Zacks --------------------------------------------------------------- [EnerSys (ENS) Matches Q1 Earnings Estimates]( EnerSys (ENS) came out with quarterly earnings of $1.15 per share, in line with the Zacks Consensus Estimate. This compares to earnings of … [Read more]( Zacks --------------------------------------------------------------- [Applovin reports record results in Q3: We got into games to get data and put it into our own]( Adam Foroughi, Applovin founder and CEO, joins ‘TechCheck’ after the mobile gaming company reported earnings. Foroughi explains how Apple’s iOS … [Read more]( Cnbc.com --------------------------------------------------------------- [Crypto Markets Analysis for August 9]( We make up a crypto markets overview containing the detailed technical analysis on Bitcoin and top altcoins. The market analysis is performed on … [Read more]( Anna Miroshnichenko --------------------------------------------------------------- [Europe's Energy Crisis Spills Over Into Food]( Europe's Energy Crisis Spills Over Into Food By Irina Slav of OilPrice.com , Excessively high energy prices in Europe are pushing up the … [Read more]( Zero Hedge --------------------------------------------------------------- [Ex-JPMorgan Traders Convicted in Federal Fraud Trial]( The former JPMorgan traders were accused of spoofing gold futures. A federal jury in Chicago convicted two former traders of JPMorgan JPM 2.61%▲ … [Read more]( Wsj.com --------------------------------------------------------------- [FlashAlert - low-latency financial news service]( × You'll get alerts from SEC, PR releases, Seeking Alpha and Benzinga articles, Upgrades/Downgrades and more! Basic service with 4 symbols and one SMS … [Read more]( Just In --------------------------------------------------------------- [How Far Have Q3 Earnings Estimates Fallen?]( Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here Here are the key points: The overall picture emerging from the Q2 earnings season has turned out to be good enough; not great, but not bad either. Importantly, Q2 results and guidance for the current and coming periods have turned out to be better relative to pre-season fears. Estimates for the last two quarters of this year and for next year have started coming down, even though positive revisions to the Energy sector continue to partly offset negative revisions elsewhere. The +2.4% earnings growth expected for the S&P 500 index in 2022 Q3 is down from +7.2% at the start of the period. Excluding the Energy sector, Q3 earnings are expected to be down -4% at present, a significant decline from +2.1% in the beginning of July. Looking at the calendar-year picture, total S&P 500 earnings are expected to be up +6.5% in 2022 and +7.3% in 2023. On an ex-Energy basis, total 2022 index earnings would be up +0.1% (instead of +6.5%, with Energy). The overall corporate profitability picture emerging from the Q2 earnings season, with a little over 90% of S&P 500 results out, continues to show stability and resilience in key earnings drivers like consumer and business spending. While this stability and resilience run contrary to worries of an imminent economic slowdown or even a recession, we are starting to see tell-tale signs of emerging weakness in both consumer and business spending. The Walmart WMT pre-announcement is probably not solely due to weakness in lower-income households, but that consumer segment is nevertheless feeling the squeeze as we heard from companies in a variety of industries, including AT&T T. Other households seem to be doing just fine, as we heard from banks, credit card operators and others. With respect to business spending, we have started seeing a squeeze on advertising budgets and hiring plans, but Microsoft MSFT and others didn’t see anything disconcerting with respect to spending on software and other services. That said, it is reasonable to expect some moderation in demand trends going forward as the full extent of the Fed’s tightening cycle permeates through the broader economy. A slowdown has gotten underway, but there is nothing in the earnings data, management commentary and guidance that would suggest the U.S. economy heading into a major economic downturn. That said, estimates have started coming down, with the overall revisions trend turning negative even after accounting for the persistent favorable revisions trend enjoyed by the Energy sector. You can see this in the revisions trend to Q3 estimates in the chart below. If we look at the evolution of Q3 earnings growth expectations on an ex-Energy basis, the expected growth rate has dropped from +2.1% on July 6th to -4% today. The chart below shows the expected aggregate total earnings for full-year 2023 have evolved on an ex-Energy basis. As you can see above, aggregate S&P 500 earnings outside of the Energy sector have declined -3.3% since mid-April, with double-digit percentage declines in Retail (down -14.5%) and Construction (-11%), and high single-digit percentage declines for the Tech (-9.1%), Industrial Products (-8.7%) and Consumer Discretionary (-8.9%). The Overall Earnings Picture Beyond Q2, the growth picture is expected to modestly improve, as you can see in the chart below that provides a big-picture view of earnings on a quarterly basis. The chart below shows the overall earnings picture on an annual basis, with the growth momentum expected to continue. As strong as the full-year 2022 earnings growth picture is expected to be, it’s worth remembering that a big part of it is due to the unprecedented Energy sector momentum. Excluding the Energy sector, full-year 2022 earnings growth for the remainder of the index drops to only +0.1%. There is a rising degree of uncertainty about the outlook, reflecting a lack of macroeconomic visibility in a backdrop of Fed monetary policy tightening. The evolving earnings revisions trend will reflect this macro backdrop. Profiting from the Metaverse, The 3rd Internet Boom (Free Report): Get Zacks' special report revealing top profit plays for the internet's next evolution. Early investors still have time to get in near the "ground floor" of this $30 trillion opportunity. You'll discover 5 surprising stocks to help you cash in. Download the report FREE today >> Click to get this free report AT&T Inc. (T): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Walmart Inc. … [Read more]( Just In --------------------------------------------------------------- [Walmart's (NYSE:WMT) Shareholders Will Receive A Bigger Dividend Than Last Year]( Walmart Inc. (NYSE:WMT) has announced that it will be increasing its dividend from last year's comparable payment on the 6th of September to $0.56. … [Read more]( Just In --------------------------------------------------------------- [US weekly rail traffic declines 2.6% as chemicals, coal carloads get off track]( The Association of American Railroads (AAR) has reported US rail traffic down 2.6% Y/Y to 496,526 carloads and intermodal units for the week ending … [Read more]( Just In --------------------------------------------------------------- [Could This Behemoth Company's Latest Gambit Spell Doom for Its Stock?]( Since entering the gaming space last year, Netflix (NASDAQ: NFLX) has released almost two dozen mobile games that are exclusively available to … [Read more]( Just In --------------------------------------------------------------- [Stock Market Outlook for August 11, 2022]( As levels of resistance are broken, the bearish argument for the market becomes weaker and weaker.  Real Time Economic Calendar … [Read more]( Tech Talk Financial Network Follow us limex.me limex.me Warning: The links given in this email provide an automatic login to your account. 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