Sage Investment Club

Good morning traders and investors of the r/stocks sub! Welcome to Hump Day! Here are your pre-market stock movers & news on this Wednesday, January the 25th, 2023-Stock futures fell in early trading on Wednesday as traders pored through the latest batch of corporate earnings.Futures on the Dow Jones Industrial Average futures declined by 222 points, or 0.66%. Nasdaq-100 futures shed 1.3%, and S&P 500 futures fell 0.8%.Shares of Microsoft dropped 2%. Initially shares rose after the tech giant posted fiscal second quarter per-share earnings that exceeded analysts’ estimates. However, shares declined after the company offered lackluster guidance on its earnings call.Investors are bracing for more high-profile corporate earnings amid fears of a recession. So far, more than 70 S&P 500 companies have reported fourth-quarter earnings, and 65% of them posted stronger-than-expected results, according to Refinitiv.“With the bulk of earnings still in front of the market, the question as to whether the shift towards growth being signaled by recent rallies is warranted could be answered by upside earnings surprises and solid guidance,” said Quincy Krosby, chief global strategist at LPL Financial.Tesla, Boeing, IBM and AT&T are among the companies slated to post numbers on Wednesday.The moves followed a three-day winning streak for the blue-chip Dow. All three major averages are up at least 1% week to date.STOCK FUTURES CURRENTLY:YESTERDAY’S MARKET MAP:TODAY’S MARKET MAP:YESTERDAY’S S&P SECTORS:TODAY’S S&P SECTORS:TODAY’S ECONOMIC CALENDAR:THIS WEEK’S ECONOMIC CALENDAR:THIS WEEK’S UPCOMING IPO’S:THIS MONTH’S EARNINGS CALENDAR:THIS WEEK’S EARNINGS CALENDAR:THIS MORNING’S PRE-MARKET EARNINGS CALENDAR:EARNINGS RELEASES BEFORE THE OPEN TODAY:EARNINGS RELEASES AFTER THE CLOSE TODAY:YESTERDAY’S ANALYST UPGRADES/DOWNGRADES:YESTERDAY’S INSIDER TRADING FILINGS:TODAY’S DIVIDEND CALENDAR:THIS MORNING’S STOCK NEWS MOVERS:Boeing – Boeing’s stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. The company cited labor and supply shortages for the disappointing numbers.STOCK SYMBOL: BANews Corporation, Fox News — Shares of News Corp and Fox News were up 4.9% and 1.8%, respectively, after Rupert Murdoch ditched plans to merge the two companies, a proposition that met pushback from shareholders.STOCK SYMBOL: NWSASTOCK SYMBOL: FOXAAT&T — Shares were up 1.8% after the telecommunications giant’s fourth-quarter report came out Wednesday, showing an increase in subscribers but forecasting an annual profit below expectations.STOCK SYMBOL: TMicrosoft — Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment.STOCK SYMBOL: MSFTOmnicom — Shares of the global media firm were down 3% after it was disclosed that BlackRock Inc. added to its stake in the company, now owning 9.4% of shares.STOCK SYMBOL: OMCSunrun, SunPower — The solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Sunrun was downgraded to equal weight from overweight, while SunPower’s rating was slashed to underweight from equal weight.STOCK SYMBOL: RUNSTOCK SYMBOL: SPWREnphase — Shares slid 4% following a downgrade from Piper Sandler to neutral from buy. The firm pointed to a potential reset in the U.S. residential solar market coming in 2023, while still acknowledging that the company has a strong product, management and position.STOCK SYMBOL: ENPHCapital One — The financial stock dropped 2.3% after Capital One reported disappointing quarterly results. The company earned $3.03 per share on revenue of $9.04 billion. Analysts polled by StreetAccount expected a profit of $3.87 per share on revenue of $9.07 billion. Net interest income also came in below expectations.STOCK SYMBOL: COFIntuitive Surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earning and revenue that fell just short of expectations. The company cited a Covid-19 resurgence in China that negatively impacted procedure volumes in the area.STOCK SYMBOL: ISRGF5 – Shares of the web application security company slid 3.7% after F5 reported revenue for its mos- recent quarter that missed analyst expectations and issued weaker-than-expected earnings guidance for the second quarter.STOCK SYMBOL: FFIVFULL 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 trading day ahead today on this Wednesday, January 25th, 2023! 🙂

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