{"id":189,"date":"2023-01-27T20:30:33","date_gmt":"2023-01-28T01:30:33","guid":{"rendered":"https:\/\/embarrdowns.com\/?p=189"},"modified":"2023-01-27T20:30:34","modified_gmt":"2023-01-28T01:30:34","slug":"investor-digest-u-s-stocks-open-lower-as-inflation-slows-visa-hasbro-american-express-and-3m-report-earnings","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/investor-digest-u-s-stocks-open-lower-as-inflation-slows-visa-hasbro-american-express-and-3m-report-earnings\/","title":{"rendered":"Investor Digest: U.S. Stocks Open Lower as Inflation Slows, Visa, Hasbro, American Express, and 3M Report Earnings"},"content":{"rendered":"

U.S. stocks opened mostly lower on Friday, as investors digested data from the Federal Reserve’s preferred gauge showing signs of inflation slowing while personal spending last month fell.[0]<\/a><\/sup> The Dow Jones Industrial Average shed 0.3%, according to FactSet data, at last check. On Friday, the Bureau of Economic Analysis revealed that the personal-consumption-expenditures index went up by 0.1% in December, resulting in an inflation rate of 5% for the past year.[1]<\/a><\/sup> November saw a decrease in year-over-year inflation, which dropped from 5.5%.[1]<\/a><\/sup> The “core” Personal Consumption Expenditures (PCE), not including food and energy prices, rose 4.4% in the year ending December, as compared to the 4.7% rate seen in the period between November and the previous year.[2]<\/a><\/sup><\/p>\n

Shares of Visa (V) were higher after the company reported results late Thursday.[3]<\/a><\/sup> Revenue exceeded expectations, reaching $7.94 billion instead of the predicted $7.69 billion.[3]<\/a><\/sup> Adjusted earnings per share were reported at $2.18, surpassing the expectation of $2.00.[3]<\/a><\/sup> Ryan McInerney was declared the new chief executive officer of the company, with his tenure beginning on February 1st.[3]<\/a><\/sup><\/p>\n

In their fiscal first quarter, Visa reported earnings that exceeded expectations.[4]<\/a><\/sup> The value of V stock increased by 1% during after[4]<\/a><\/sup> On Thursday, shares decreased by 0.1% to 224.71 after Mastercard (MA) released earnings that were better than anticipated.[4]<\/a><\/sup> Visa’s stock is still trading within a range from the buy point of 220.08[4]<\/a><\/sup><\/p>\n

Joining the trend of corporate layoffs, Hasbro (HAS) will be letting go of 1,000 staff members, which is 15% of the total workforce, over the course of the next few weeks.[5]<\/a><\/sup> In an effort to reduce expenses by up to $300 million annually by 2025, the toymaker is taking action.[3]<\/a><\/sup><\/p>\n

After releasing its fourth quarter net income of $1.57 billion, the stock of American Express (AXP) experienced an increase.[3]<\/a><\/sup> The profit per share was $2.07.[3]<\/a><\/sup> The anticipated earnings per share of American Express for the full year are estimated to be between $11 and $11.40.[3]<\/a><\/sup><\/p>\n

3M (MMM) announced a 7% decrease in earnings per share, which did not meet expectations, and provided weak[6]<\/a><\/sup> The manufacturer that offers a variety of products will be eliminating 2,500 jobs.[6]<\/a><\/sup> The stock[6]<\/a><\/sup><\/p>\n

Investor hopes for a new multi-port surgical system launch from Intuitive Surgical (ISRG) this year were dashed, causing the company’s stock to tumble.[6]<\/a><\/sup> Adjusted EPS declined by 5%, falling short of expectations.[6]<\/a><\/sup> Sales increased by 7%, totaling[6]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. Stocks Poised for Lower Open” Barron’s, 22 Jan. 2023, https:\/\/www.barrons.com\/articles\/u-s-stocks-poised-for-lower-open-51674430859<\/a><\/a><\/p>\n

1. <\/span>“U.S. stocks open mostly lower as investors digest PCE inflation data” MarketWatch, 27 Jan. 2023, https:\/\/www.marketwatch.com\/story\/us-stocks-open-mostly-lower-as-investors-digest-pce-inflation-data-2023-01-27<\/a><\/a><\/p>\n

2. <\/span>“Nasdaq, S&P, Dow waver as traders take in earnings, inflation data” Seeking Alpha, 27 Jan. 2023, https:\/\/seekingalpha.com\/news\/3929038-sp500-nasdaq-dow-jones-stock-market-earnings-inflation-data<\/a><\/a><\/p>\n

3. <\/span>“Stock market news live updates: Stocks rally, Intel craters, as inflation data cools” Yahoo News, 27 Jan. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-january-27-2023-131503567.html<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Futures: Market Rally Faces Big Test With Inflation Data Due; Intel Plunges | Investor’s Business Daily” Investor’s Business Daily, 27 Jan. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-tesla-drives-market-rally-to-test-intel-dives-inflation-report-due\/<\/a><\/a><\/p>\n

5. <\/span>“Tech Leads Stock Rebound Amid Fed Downshift Wagers: Markets Wrap” Yahoo! Voices, 27 Jan. 2023, https:\/\/www.yahoo.com\/now\/asia-stocks-rally-tech-pulls-231753998.html<\/a><\/a><\/p>\n

6. <\/span>“Market Rally Powers Higher Amid Big Earnings: Weekly Review” Investor’s Business Daily, 27 Jan. 2023, https:\/\/www.investors.com\/news\/stock-market-rally-powers-higher-amid-big-earnings-from-tesla-boeing-microsoft-american-express<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks opened mostly lower on Friday, as investors digested data from the Federal Reserve’s preferred gauge showing signs of inflation slowing while personal spending last month fell.[0]<\/a><\/sup> The Dow Jones Industrial Average shed 0.3%, according to FactSet data, at last check. On Friday, the Bureau of Economic Analysis revealed that the personal-consumption-expenditures index went up by 0.1% in December, resulting in an inflation rate of 5% for the past year.[1]<\/a><\/sup> November saw a decrease in year-over-year inflation, which dropped from 5.5%.[1]<\/a><\/sup> The “core” Personal Consumption Expenditures (PCE), not including food and energy prices, rose 4.4% in the year ending December, as compared to the 4.7% rate seen in the period between November and the previous year.[2]<\/a><\/sup><\/p>\n

Shares of Visa (V) were higher after the company reported results late Thursday.[3]<\/a><\/sup> Revenue exceeded expectations, reaching $7.94 billion instead of the predicted $7.69 billion.[3]<\/a><\/sup> Adjusted earnings per share were reported at $2.18, surpassing the expectation of $2.00.[3]<\/a><\/sup> Ryan McInerney was declared the new chief executive officer of the company, with his tenure beginning on February 1st.[3]<\/a><\/sup><\/p>\n

In their fiscal first quarter, Visa reported earnings that exceeded expectations.[4]<\/a><\/sup> The value of V stock increased by 1% during after[4]<\/a><\/sup> On Thursday, shares decreased by 0.1% to 224.71 after Mastercard (MA) released earnings that were better than anticipated.[4]<\/a><\/sup> Visa’s stock is still trading within a range from the buy point of 220.08[4]<\/a><\/sup><\/p>\n

Joining the trend of corporate layoffs, Hasbro (HAS) will be letting go of 1,000 staff members, which is 15% of the total workforce, over the course of the next few weeks.[5]<\/a><\/sup> In an effort to reduce expenses by up to $300 million annually by 2025, the toymaker is taking action.[3]<\/a><\/sup><\/p>\n

After releasing its fourth quarter net income of $1.57 billion, the stock of American Express (AXP) experienced an increase.[3]<\/a><\/sup> The profit per share was $2.07.[3]<\/a><\/sup> The anticipated earnings per share of American Express for the full year are estimated to be between $11 and $11.40.[3]<\/a><\/sup><\/p>\n

3M (MMM) announced a 7% decrease in earnings per share, which did not meet expectations, and provided weak[6]<\/a><\/sup> The manufacturer that offers a variety of products will be eliminating 2,500 jobs.[6]<\/a><\/sup> The stock[6]<\/a><\/sup><\/p>\n

Investor hopes for a new multi-port surgical system launch from Intuitive Surgical (ISRG) this year were dashed, causing the company’s stock to tumble.[6]<\/a><\/sup> Adjusted EPS declined by 5%, falling short of expectations.[6]<\/a><\/sup> Sales increased by 7%, totaling[6]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. Stocks Poised for Lower Open” Barron’s, 22 Jan. 2023, https:\/\/www.barrons.com\/articles\/u-s-stocks-poised-for-lower-open-51674430859<\/a><\/a><\/p>\n

1. <\/span>“U.S. stocks open mostly lower as investors digest PCE inflation data” MarketWatch, 27 Jan. 2023, https:\/\/www.marketwatch.com\/story\/us-stocks-open-mostly-lower-as-investors-digest-pce-inflation-data-2023-01-27<\/a><\/a><\/p>\n

2. <\/span>“Nasdaq, S&P, Dow waver as traders take in earnings, inflation data” Seeking Alpha, 27 Jan. 2023, https:\/\/seekingalpha.com\/news\/3929038-sp500-nasdaq-dow-jones-stock-market-earnings-inflation-data<\/a><\/a><\/p>\n

3. <\/span>“Stock market news live updates: Stocks rally, Intel craters, as inflation data cools” Yahoo News, 27 Jan. 2023, https:\/\/news.yahoo.com\/stock-market-news-live-updates-january-27-2023-131503567.html<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Futures: Market Rally Faces Big Test With Inflation Data Due; Intel Plunges | Investor’s Business Daily” Investor’s Business Daily, 27 Jan. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-tesla-drives-market-rally-to-test-intel-dives-inflation-report-due\/<\/a><\/a><\/p>\n

5. <\/span>“Tech Leads Stock Rebound Amid Fed Downshift Wagers: Markets Wrap” Yahoo! Voices, 27 Jan. 2023, https:\/\/www.yahoo.com\/now\/asia-stocks-rally-tech-pulls-231753998.html<\/a><\/a><\/p>\n

6. <\/span>“Market Rally Powers Higher Amid Big Earnings: Weekly Review” Investor’s Business Daily, 27 Jan. 2023, https:\/\/www.investors.com\/news\/stock-market-rally-powers-higher-amid-big-earnings-from-tesla-boeing-microsoft-american-express<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/189"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=189"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/189\/revisions"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}