Martin Baccardax
TheStreet
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Past articles by Martin:
Stock Market Today: Stocks Edge Lower As Fed Decision Looms; Meta Earnings On Deck
Markets are treading cautiously into the start of today's crucial trading session ahead of a key Fed rate decision and the start of mega cap tech earnings after the closing bell. → Read More
Peloton Stock Races Higher As Subscription Sales, Improving Free Cash Flow Offset Q2 Loss
Peloton Interactive shares moved firmly higher Wednesday after the fitness equipment maker posted a wider-than-expected second quarter loss but noted that its subscription business outpaced hardware sales as the group's turnaround continues to gather momentum. → Read More
Snap Stock Plummets On Q4 Loss, Advertising Outlook; Meta Platforms Caught In Downdraft
Snap shares plunged lower Wednesday after the the messaging app maker posted a surprise fourth quarter loss and cautioned that a pullback in ad spending would continue well into the current year. → Read More
Stocks Edge Lower, Fed In Focus, Meta, AMD, Peloton
Stock futures lower as 2023 rally faces early fed test; Traders bet on smaller rate hikes, see dovish pivot; Meta earnings on deck as mega cap tech rolls up sleeves; AMD shares leap as earnings, outlook steady chip sector nerves and Peloton facing more losses, cost cuts amid fading in-home demand. → Read More
Exxon Mobil Posts Record $56 Billion 2022 Profit, Beats Q4 Forecasts As Crude Surges
“While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed," said CEO Darren Woods. → Read More
General Motors Earnings Blast Street Forecasts; Sees Robust 2023 Profits
General Motors posted stronger-than-expected fourth quarter earnings Tuesday, while issuing a robust 2023 outlook, following a year in which the carmaker overtook Toyota as the country's biggest seller. → Read More
UPS Earnings Top Street Forecasts On Margin Focus, Revenues Miss; New $5 Billion Share Buyback Unveiled
United Parcel Service posted stronger-than-expected fourth quarter earnings Tuesday, thanks to a focus on higher-margin packages, but missed Street revenue forecasts as international deliveries slumped. → Read More
Stocks Edge Lower, Samsung, Medicare, Exxon and AMD In Focus
Stock futures lower as Fed decision looms, earnings in focus; Samsung confirms weakest quarterly profit in eight years, maintains capex plans; UnitedHealth, Humana slide as Medicare plans overpayment clawback; Exxon earnings on deck after Chevron miss and AMD earnings in focus as chip sector feels global demand slump. → Read More
Ford Follows Tesla Into EV Price War With Mustang Mach-E Cuts, Production Boost
Ford Motor shares pared earlier declines Monday after the carmaker said it would cut prices of its flagship electric vehicle, the Mustang Mach-E, amid a "significant" increase in production. → Read More
Stock Market Today: Stocks Lower Ahead of Fed, 'Tech Super Bowl', And Jobs Data Week
Tech stocks, riding their best start to the year since 2001, face a series of tests this week in the form of mega-cap earnings, a Fed rate decision and January jobs data. → Read More
GE HealthCare Stock Lower After Maiden Q4 Earnings Following GE Spinoff
GE HealthCare Technologies posted its first quarter earnings as a public company Monday, while reaffirming earlier guidance on full-year profit just weeks after completing its spin-off from former parent General Electric GE. → Read More
Stocks Lower, Big Tech Earnings, Fed Rate Decision, Adani Group, Eagles & Chiefs
Stock futures lower as markets face headline risk gauntlet; Week Ahead: Fed decision, big tech earnings, jobs in focus; Adani group hits back at Hindenburg short report; Renault and Nissan overhaul alliance, putting carmakers on equal terms and Philadelphia eagles favored over Kansas City Chiefs in super bowl LVII. → Read More
Fed Inflation Gauge Eases To 4.4% In December As Spending Slumps
Personal spending fell most than expected in December, according to data from the Fed's preferred inflation gauge, helping price pressure ease over the final month of the year. → Read More
Chevron Earnings Miss Forecasts Days After $75 Billion Share Buyback Unveil
Chevron shares slipped lower Friday after the oil major posted softer-than-expected fourth quarter earnings just days after unveiling plans for a $75 billion buyback. → Read More
Visa Follows Mastercard With Earnings Beat Amid Travel Spending Boom
Visa shares moved higher Friday after the world's biggest credit card company and payments company posted better-than-expected first quarter earnings thanks in part to a surge in cross-border spending amid the ongoing travel boom. → Read More
Intel Stock Tumbles After Weak Q4 Earnings, Grim Chip Sector Outlook
Intel shares plunged lower Friday after the chipmaker posted weaker-than-expected fourth quarter earnings and said lingering weakness in PC demand would pressure margins and clip near-term profits over the coming months. → Read More
Stocks Edge Lower, Intel, Chevron, Visa, Bed Bath & Beyond In Focus
Stocks futures slip lower with earnings, inflation in focus; Intel tumbles after surprise Q4 loss, grim chip sector outlook; Chevron earnings up next after $75 billion buyback reveal; Visa shares higher after solid Q4 powered by travel spend and Bed Bath & Beyond nears bankruptcy as JPMorgan calls in loan. → Read More
Mastercard Earnings Top Forecasts On 'Remarkably Resilient' Consumer Spending
Mastercard posted modestly stronger-than-expected fourth quarter earnings Thursday while noting that consumer spending has remained "remarkably resilient" amid the global economic downturn. → Read More
Comcast Stock Jumps As Ad Sales, Theme Parks Drive Q4 Earnings Beat, Dividend Boost
"We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future," said CEO Brian Roberts. → Read More
IBM Stock Slides After Muted Q4 Earnings; 3,900 Job Cuts Planned
IBM shares moved lower Thursday after its muted fourth quarter earnings while adding its name to the list of big tech companies slashing jobs in divisions around the world. → Read More