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The post Stock futures open lower to extend earlier declines appeared on BitcoinEthereumNews.com . Stock futures opened lower Tuesday evening following another volatile session on Wall Street. Concerns over the impact that the punitive measures countries and companies have taken against Russia have weighed…

(Reuters) – U.S. stock index futures jumped on Wednesday after four straight sessions of losses on Wall Street as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine. The tech-heavy Nasdaq 100 futures led the rebound, rising 2.06%. Megacap growth stocks Amazon.com Inc, … Read More

Shares of Thor Industries Inc. shot up 6.3% in premarket trading Wednesday, after the maker of recreational vehicles reported fiscal second-quarter profit and sales that rose well above expectations, as strong demand for RVs and towables in North America offset continued supply chain challenges. Net income for the quarter to Jan. 31 more than doubled to $266.6 million, or $4.79 a share, from $132.5 million, or $2.38 a share, in the year-ago period. The FactSet consensus for earnings per share was $3.39. Sales grew 42.1% to $3.88 billion, beating the FactSet consensus of $3.52 billion. In North America, towable RV sales rose 44.6% to $1.99 billion and motorized RV sales soared 69.3% to $976.8 million, while RV sales in Europe fell 1.3% to $723.7 million. "We are in a market wherein most every RV produced by THOR and its competitors sells quickly," said Chief Operating Officer Todd Woelfer. "In this situation it is easy to fall into the trap of overproducing, but we chose to produce at a prudent rate to ensure profitable growth and greater quality during this period of very strong retail demand." Thor''s stock has tumbled 17.5% over the past three months through Tuesday, while the S&P 500 has declined 10.6%.

Investment bank analysts have some lofty price targets on these stocks.

According to select analysts, these income stocks, with yields of 8.7% and 8.9%, could soar.

U.S. stock futures extended gains on Wednesday after four days of declines for the S&P 500 on concerns that high inflation and surging commodity prices would stall an economic recovery.

Oatly Group is expected to forecast strong sales growth for 2022 when it reports results on Wednesday as health-conscious consumers consistently turn to the company''s plant-based milk, a contrast to the demand slowdown seen by Beyond Meat. Many restaurants and retailers have partnered with Oatly in recent months to offer vegan options to customers. One of the biggest boosts has, however, come from a U.S. oatmilk supply agreement with Starbucks Corp. As a result, Wall Street''s sentiment on Oatly has become more favourable than that on alternative meat maker Beyond Meat Inc, which has seen its sales growth fizzle through the pandemic for a number of reasons. "Beyond Meat has not meaningfully expanded distribution in the U.S. over the past year or so … Oatly''s sales growth is currently being driven by expanded distribution," Arun Sundaram, research analyst, CFRA said. Context Oatly is expecting to provide 85% to 90% of...

Overnight, US equities finished on the back foot, but only modestly so when compared to previous sessions. The US announcement of a unilateral energy import ban on Russia, and a procession of US multinationals closing their doors in Russia, along with the usual geopolitical nerves, ensured that US markets remained negative. The S&P 500 fell […]

Japan +0.09%. China -2.94% Hong Kong -2.62%.Australia +1.04%. India +0.87%.Overnight on Wall Street, Dow Jones shed 184.74 points, or 0.56%, to 32,632.64, S&P 500 declined 0.72%…

Most Asian stock markets rebounded Wednesday following Wall Street''s decline while Chinese shares sank after inflation edged higher.

https://www.investing.com/analysis/sp-500-it-closed-lower-but-smart-money-was-buying-tuesdays-midday-rally-why-200619584

Asian stocks rebounded Wednesday after Wall Street declined and China reported inflation edged higher. Already high oil prices rose further, adding more than USD 2 per barrel following President Joe Biden''s ban on imports of Russian crude. Stock benchmarks in Shanghai, Tokyo and Sydney rose while Hong Kong declined. South Korean markets were closed for a presidential election. Wall Street''s benchmark S&P 500 index sank 0.7 per cent amid enduring unease over the impact of Russian President Vladimir Putin''s attack on Ukraine. Asian markets seem to be taking a breather from their sell-off, but Wall Street''s retreat may drive some wait-and-see as geopolitical risks show no signs of easing, Yeap Jun Rong of IG said in a report. Also Wednesday, China''s government reported consumer prices rose 0.6 per cent in February from the previous month while producer prices gained 0.5 per cent. The Shanghai Composite Index rose 0.6 per cent to 3,312.39 and the Nikkei 225 in Tokyo gained 0.9 to …

Australian shares were poised to open slightly higher on Wednesday, likely helped by surging commodity prices, although sentiment was expected to remain under pressure after a weak session on Wall Street overnight. The local share price index futures was up 0.07%, a 31.3-point discount to the underlying S&P/ASX 200 index close. The benchmark closed 0.8% lower on Tuesday. New Zealand’s benchmark S&P/NZX 50 index rose by 0.5% at 11,802.62 points by 2130 GMT.