Good morning traders and investors of the r/stocks sub! Welcome to Thursday! Here are your pre-market stock movers & news on this Thursday, December the 29th, 2022-
S&P 500 futures rise as Wall Street heads into the final trading days of 2022
S&P 500 futures rose on Wednesday night, as investors head into the final trading days of 2022.
Futures tied to the broad market index gained 0.4%. Dow Jones Industrial Average futures edged higher by 76 points, or 0.2%, while Nasdaq 100 futures climbed 0.6%.
On Thursday, traders are expecting the latest data on weekly jobless claims before the bell. Economists surveyed by Dow Jones are forecasting initial jobless claims to total 223,000 for the week ended Dec. 24, a rise from 216,000 during the previous period.
The futures action follows a broad sell-off during the regular session Wednesday as recession fears weighed on investor sentiment in a losing week, month and year. The Dow lost 365.85 points, or 1.1%. The S&P 500 fell 1.2%, while the Nasdaq Composite dropped 1.35%.
The major averages are headed toward their worst year since 2008. The Dow has lost 9.5%, while the S&P 500 shed 20.6%. Meanwhile, the Nasdaq is the worst performer, down 34.7% as investors dumped growth stocks.
“Investors are anticipating an economic recession to materialize early in 2023, as evidenced by the three quarters of projected S&P 500 earnings declines and continued defensive sector leanings,” Sam Stovall, chief investment strategist at CFRA Research, wrote in a Wednesday note. “The severity of the recession remains in question. We expect it to be mild.”
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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THIS WEEK'S ECONOMIC CALENDAR:
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THIS WEEK'S UPCOMING IPO'S:
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THIS WEEK'S EARNINGS CALENDAR:
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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EARNINGS RELEASES AFTER THE CLOSE TODAY:
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YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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YESTERDAY'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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THIS MORNING'S STOCK NEWS MOVERS:
(source: cnbc.com)
Tesla (TSLA) – Tesla rallied 4.4% in the premarket after posting its first rise in eight sessions Wednesday, softening the blow to its stock in what will still be the worst year ever for Tesla shares.
STOCK SYMBOL: TSLA
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Cal-Maine Foods (CALM) – Cal-Maine slid 4.9% in premarket trading after its quarterly earnings came in below Wall Street forecasts. Cal-Maine reported record sales for the quarter as an avian flu outbreak continued to limit the supply of eggs, driving prices sharply higher. The company also said there were no positive tests for avian flu at any of its production facilities, as of Wednesday.
STOCK SYMBOL: CALM
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Southwest Airlines (LUV) – Southwest remains on watch as the airline struggles to recover from issues that caused thousands of flight cancellations over the past week. The stock is fractionally higher this morning after falling 11% over the past two days.
STOCK SYMBOL: LUV
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Lockheed Martin (LMT) – Lockheed Martin’s Sikorsky unit is challenging the awarding of a U.S. Army helicopter contract to Textron (TXT). Sikorsky President Paul Lemmo said the various proposals for the $1.3 billion contract were not evaluated properly.
STOCK SYMBOL: LMT
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ImmunoGen (IMGN) – Immunogen fell 2.7% in the premarket after the biotech company announced that Chief Financial Officer Susan Altschuller would not return from her Family and Medical Leave Act hiatus. Vice President and Chief Accounting Officer Renee Lentini was named interim CFO.
STOCK SYMBOL: IMGN
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General Electric (GE) – GE spin-off GE HealthCare Technologies will join the S&P 500 when it begins trading as a separate public company on Jan. 4. GE HealthCare will replace Vornado Realty Trust (VNO), which will move to the S&P MidCap 400. Vornado will replace logistics company RXO (RXO), which will move to the S&P SmallCap 600. GE HealthCare — trading on a when-issued basis — rose 1% in the premarket, while Vornado was marginally lower and RXO jumped 3.3%.
STOCK SYMBOL: GE
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Apple (AAPL) – Apple is up 1% in premarket trading after closing Wednesday at a 1-1/2 year low. Apple is down 29% for 2022.
STOCK SYMBOL: AAPL
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FULL 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?
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