BI Focus: Microsoft’s 2024 Brighter Than Consensus
Anurag Rana and Andrew Girard Bloomberg Intelligence October 14, 2022 (Bloomberg Intelligence) — Microsoft could surpass fiscal 2024 consensus sales growth in constant currency by 300-500 bps on the back of a rebound in cloud spending after a year of slowdown. Though weak economic conditions will likely hurt the company’s 2023 sales growth from a […]
Overdone recession fears: Top economist Mark Zandi predicts inflation will moderate in next six months
Mark Zandi CNBC October 12, 2022 The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics.His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll […]
S&P 500 LIKELY TO REPORT EARNINGS GROWTH OF 6% TO 7% FOR Q3 2022
John Butters Factset October 10, 2022 As of today, the S&P 500 is expected to report (year over-year) earnings growth of 2.4% for the third quarter, which would be the lowest earnings growth reported by the index since Q3 2020. Given that most S&P 500 companies report actual earnings above estimates, what is the likelihood […]
Microsoft cloud leader Scott Guthrie says companies aren’t holding off on cloud spending as inflation mounts
Jordan Novet CNBC October 12, 2022 The European energy crisis is leading some organizations to quicken their pace of adopting cloud services, said Microsoft’s Scott Guthrie. One organization increasing its Microsoft Azure cloud use has seen energy costs jump over 65%. Despite an uncertain economy with looming fears of a recession, Microsoft’s top cloud executive […]
History shows the market should be bottoming soon, and inflation data could be catalyst
Patti Domm CNBC October 10, 2022 If the stock market is going to follow its historic pattern during a midterm election year, it would be bottoming just around now. There’s no one big consensus view, but some technical strategists see more turbulence for stocks even if there is a bounce near term. Some also see […]
US Job Openings Drop to 14-Month Low in Welcome Sign for Fed
Reade Pickert Bloomberg October 4, 2022 Vacancies declined by 1.1 million in August, most since 2020 There are some 1.7 openings per unemployed worker, down from 2 US job openings plummeted in August by the most since early in the pandemic, likely a welcome sign for Federal Reserve officials as they seek to cool demand […]
US Services Growth Remains at Solid Pace, Price Pressures Ease
Augusta Saraiva Bloomberg October 5, 2022 Measures of business activity, orders softer but elevated Index of service provider employment highest in six months Growth at US service providers remained firm in September, reflecting solid business activity and orders, while a measure of prices fell to the lowest since the start of 2021. The Institute for […]
Analysts are falling back in love with Nvidia, with Citi giving it almost 100% upside
Weizhen Tan CNBC September 26, 2022 Analysts are once again starting to get bullish on Nvidia, after the semiconductor giant lost favor amid geopolitical tensions and a slowdown in the chip sector. Citi and JPMorgan both said last week that solid demand in PC gaming, as well as cloud adoption in data centers, were set […]
U.S. core capital goods orders surge; consumer confidence rises further
Lucia Mutikani Reuters September 27, 2022 Core capital goods orders increase 1.3% in August Core capital goods shipments rise 0.3% Consumer confidence index increases to 108.0 in September House price growth decelerates in July New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment […]
The Fed is dragging the US into a recession to cool surging prices. Most Americans expect inflation to die down on its own.
Ben Winck Business Insider September 27, 2022 The Fed is pushing the US into a recession to cool inflation. It might not be necessary. Inflation expectations have been falling since the spring, signaling there’s little chance of a 1980s-like price surge. Raising rates out of fear that expectations will rebound is “irresponsible,” a former Fed […]