5 things to know before the stock market opens Wednesday

People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Here are the most important news items that investors need to start their trading day: 1. A lot more earnings to go Markets have kept their heads above water so far this month, even as economic data point to a potential recession and corporate earnings have been mixed, at best. On the latter point, more than 70 companies listed on the S&P 500…

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Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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Stocks making the biggest moves premarket: Six Flags, Canada Goose, Warby Parker and more

Check out the companies making headlines before the bell: Six Flags (SIX) – The theme park operator’s stock tumbled 12.8% in the premarket after its quarterly profit and revenue fell well short of Wall Street forecasts. Six Flags saw its results hit by a 22% drop in attendance, among other factors. Canada Goose (GOOS) – The outerwear maker reported a smaller-than-expected quarterly loss, with revenue exceeding analyst forecasts. Canada Goose is the latest luxury retailer to see its high-end consumers maintain their spending levels. The stock added 2.4% in premarket…

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Stocks making the biggest moves midday: Seagen, Moderna, Utz, Kroger and more

The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Seagen — Shares of the biotech company surged more than 16.1% following a Wall Street Journal report that pharmaceutical company Merck is considering buying Seagen. The report, citing people familiar with the matter, said the two companies have been in discussions for a while about a potential deal. Azek — The building products company rose more than 6% after Bank of America upgraded the stock to…

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Stocks making the biggest moves premarket: JD.com, Roku, Alibaba and more

Check out the companies making headlines before the bell: Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the current quarter and the full year. Adobe is facing headwinds from the war in Ukraine and unfavorable foreign exchange rates, although its most recent quarter did beat Wall Street estimates for profit and revenue. JD.com (JD) – JD.com is exploring a possible expansion into food delivery, according to CEO Xin Lijun in an interview with Bloomberg. That would put the Chinese…

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Stocks making the biggest moves premarket: Palantir, CyberArk, Utz, eBay and others

Check out the companies making headlines before the bell: Palantir Technologies (PLTR) – The software platform company matched Wall Street forecasts with adjusted quarterly earnings of 4 cents per share and revenue beating analyst forecasts. Sales rose 49% from a year ago, and the stock rallied 5.7% in the premarket. CyberArk Software (CYBR) – The cybersecurity company earned an adjusted 1 cent per share for its latest quarter, compared with a consensus estimate of 2 cents, while revenue came in above estimates with subscription revenue more than doubling from a…

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Utz Brands doubles down on digital ads to grow snack sales, retain customers

Utz Brands CEO Dylan Lissette told CNBC Friday that the company is increasing its marketing spend on digital advertising to reach new customers and grow snack sales. “We’re putting a lot of money there. As we go forward into 2021 [it will be] about a 60% increase,” he said in a “Mad Money” interview with Jim Cramer. “But as we look beyond that, we’re going to be putting even more in.” The company, which sells a range of salty snacks including potato chips and pretzels, is looking to capitalize on…

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Cramer: 10 SPAC stock ideas worth buying on a decline

CNBC’s Jim Cramer earlier this month bashed the latest crop of companies going public through shell companies known as SPACs, or special purpose acquisition companies. Weeks after warning viewers away from celebrity-backed SPACs he deemed to be risky gimmicks, the “Mad Money” host on Wednesday laid out a list of 10 plays he thinks are worth buying on a dip. The suggestions come after shares of Churchill Capital IV Corp, a shell company that announced a reverse merger with electric-car maker Lucid Motors, plummeted 50% in two sessions to $28.70.…

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