Mainstay Capital Management founder and CEO David Kudla reveals how investors can protect themselves in tough economic times on 'The Claman Countdown.'The Bureau of Labor Statistics is expected to say that PPI rose 0.2% month-over-month in November according to Refinitiv forecasts.Year-over-year, prices paid by wholesalers are anticipated to jump 7.2%, down sharply from an 8.0% pop in October and the fifth straight month of slowing growth.
If you exclude food and energy costs, core producer prices are also anticipated to rise 0.2% monthly in November after remaining flat the prior month. Year-over-year look for growth in core PPI to cool to 5.9% in November, the lowest since June 2021 and the eighth straight month of slowing growth from a record 9.7% surge in March.for December. It’s expected to inch higher to 56.9 after falling more than expected in November on inflation worries and rising interest rates.
The company forecast first-quarter revenue of about $8.9 billion, compared with analysts' estimates of $8.78 billion, according to Refinitiv data. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share, according to the Associated Press.posted revenue of $645.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $626.1 million.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lululemon sees downbeat quarter as inflation-hit consumers turn cautiousLululemon Athletica Inc on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%. Not to mention that they’re ridiculously overpriced! I am just not a fan and spend my money elsewhere
Source: Reuters - 🏆 2. / 97 Read more »
DocuSign stock shoots higher after big earnings beatShares of DocuSign were flying higher in aftermarket action Thursday after the e-signature company topped expectations with its latest financial results. I’m not sure this is a surprise. The entire market let this drop to 2018 prices… as if the gold standard in electronic signatures would go away in an economy where efficiency is everything. Back in the 60’s soon. $80+ next year. $DOCU Watching all the different Q4 results come in will be interesting.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lululemon shares fall after company offers weak fourth quarter guidanceLululemon reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter. Everyone already loaded up on athleisure. LULU PullForward
Source: CNBC - 🏆 12. / 72 Read more »
Lululemon stock drops 10% after mixed quarterly results, soaring inventoriesLululemon Athletica Inc. stock fell more than 10% in the extended session Thursday after the athleisure-wear maker reported mixed quarterly results and saw... Translation: Lululemon inventories are flooding because consumers would rather buy $20 gym shorts instead of $70 gym shorts.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lululemon stock drops after retailer reports mixed quarterly results, high inventoriesLululemon Athletica Inc. stock fell in the extended session Thursday after the athleisure-wear maker reported mixed quarterly results, saw inventories soar,...
Source: MarketWatch - 🏆 3. / 97 Read more »
Philippines: Inflation accelerates to a 14-year high in November – UOBUOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting assess the latest inflation figures in the Philippines. Key Takeaways “Headline in
Source: FXStreetNews - 🏆 14. / 72 Read more »