![]() ![]() The company said that Q3 revenue is now expected to come in a range of $720-730M versus prior guidance of $880-920M. ![]() (SEDG - $35.76 to $78.22) after the supplier of solar PV inverters warned that Q3 revenue is expected to come in below its prior forecast due to higher inventories and slower installations in Europe. Leading the point decliners list this morning is SolarEdge Technologies Inc. New 52-week highs (6 new highs today): Energy Transfer LP (ET + $0.01 to $14.04), Mueller Industries Inc. Puts are outnumbering calls ~7:1 which is primarily being driven by activity on the January 2024 35.00 put (volume is 1,628). The company's Q3 net interest income increased 24.7% year-over-year to $367.3M and Q3 total loans increased 29.8% year-over-year to $25.33B. (OZK + $1.11 to $36.51) after the regional bank reported Q3 earnings of $1.49 per share, which is $0.07 above the $1.42 consensus estimate. Puts are outnumbering calls ~4:3 with the November 17 th 50.00 put being the highest volume contract (volume is 1,531).Īlso trading to the upside this morning is Bank OZK Ltd. KNX said that truckload rates are expected to stabilize around current levels and tractor count to decline modestly sequentially. Looking ahead, the company said that full-year 2023 (FY23) EPS is expected to come in a range of $2.10-2.20, which is down on the high end from prior guidance of $2.10-2.30 but above the $2.04 consensus estimate. (KNX + $5.48 to $51.36) after the provider of freight transportation services reported Q3 earnings of $0.41 per share ($0.05 beat) on revenue that rose 6.5% year-over-year to $2.02B (above the $1.89B expected). Moving higher this morning is Knight Swift Transportation Holdings Inc. Source: Schwab Center for Financial Research Natural Gas prices have traded in a range of $2.88-2.977 so far today and were last seen trading lower by 1.76% to $2.905/MMBtu. ![]() Gold prices have traded in a range of $1,983.70 to $2,003.20 and were last seen trading higher by 1.11% to $2,002.40. WTI Crude Oil (/CL) is up 0.88% to $89.15 per barrel. The Cboe Volatility Index® ($VIX) has been on both sides of the unchanged line today and was last seen higher by 0.23 at 21.63. Dollar Index ($DXY) is lower by 0.11 to 106.14. The 10-year Treasury note yield ($TNX) is down ~6 basis points to 4.926%. There's no guarantee any of that will happen. The market lacks positive catalysts–such as progress toward a resolution of the Middle East conflict, traction on Capitol Hill before a possible government shutdown, or spirited earnings results and guidance from major info tech firms next week. The Cboe Volatility index® (VIX) climbed above 21 for the first time since early May, suggesting the SPX could experience sharper moves. The weakness runs against seasonal trends, as October's been positive for stocks in six of the last nine years, including the last two.Īs stocks fell, volatility popped. The SPX is now on pace for a lower week and for the first three-month downturn since January–March 2020. Yesterday's steep losses tipped the S&P 500® Index (SPX) into negative territory for the month. crude oil moved back above $90 per barrel yesterday, a two-week high. Geopolitics also are rattling Wall Street ahead of the opening bell as the Middle East conflict extended to attacks against American targets in the region. Treasury note yield briefly topped 5% for the first time since July 2007, though they dropped before Friday's open. Late yesterday, yields on the benchmark 10-year U.S. Another inflation warning from Federal Reserve Chairman Jerome Powell yesterday and an earnings deluge dialed up caution on Wall Street as stocks edged lower again in premarket trading Friday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |