Today's Stock Market News & Events: 10/28/2022 - Schaeffer's Investment Research (2024)

Todayanother deluge of economic data will be out including the employment cost index, the PCE price index, the core PCE price index, real disposable income and real consumer spending data, and the pending home sales index. The University of Michigan consumer sentiment index and 5-year inflation expectations are due out today as well.

The following public companies are slated to release corporate earnings today, October 28:

AbbVie Inc. (NYSE:ABBV -- $153.50) discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. AbbVie will report its Q3 earnings of 2022 before the bell today.

AllianceBernstein Holding L.P. (NYSE:AB -- $35.51) is a publicly owned investment manager. AllianceBernstein will report its Q3 earnings of 2022 before the bell today.

Aon plc (NYSE:AON -- $282.32) provides advice and solutions to clients focused on risk, retirement, and health worldwide. Aon will report its Q3 earnings of 2022 before the bell today.

Avantor Inc. (NYSE:AVTR -- $20.54) provides products and services to customers in biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. Avantor will report its Q3 earnings of 2022 before the bell today.

Bloomin' Brands Inc. (NASDAQ:BLMN -- $22.55) owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. Bloomin' Brands will report its Q3 earnings of 2022 before the bell today.

Booz Allen Hamilton Holding Corp. (NYSE:BAH -- $103.61) provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. Booz Allen Hamilton will report its Q3 earnings of 2022 before the bell today.

Carter's Inc. (NYSE:CRI -- $73.56) designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. Carter's will report its Q3 earnings of 2022 before the bell today.

Chart Industries Inc. (NYSE:GTLS -- $204.16) manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. Chart Industries will report its Q3 earnings of 2022 before the bell today.

Charter Communications Inc. (NASDAQ:CHTR -- $355.26) operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. Charter Communications will report its Q3 earnings of 2022 before the bell today.

Chevron Corp. (NYSE:CVX -- $177.90) engages in integrated energy and chemicals operations worldwide. Chevron will report its Q3 earnings of 2022 before the bell today.

Church & Dwight Co. Inc. (NYSE:CHD -- $76.51) develops, manufactures, and markets household, personal care, and specialty products. Church & Dwight will report its Q3 earnings of 2022 before the bell today.

Colgate-Palmolive Co. (NYSE:CL -- $73.23) manufactures and sells consumer products worldwide. Colgate-Palmolive will report its Q3 earnings of 2022 before the bell today.

Criteo S.A. (NYSE:CRTO -- $25.08) provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and Africa, and the Asia-Pacific. Criteo will report its Q3 earnings of 2022 before the bell today.

DaVita Inc. (NYSE:DVA -- $96.75) provides kidney dialysis services for patients suffering from chronic kidney failure. DaVita will report its Q3 earnings of 2022 before the bell today.

DT Midstream Inc. (NYSE:DTM -- $56.97) provides integrated natural gas services in the United States. DT Midstream will report its Q3 earnings of 2022 before the bell today.

Exxon Mobil Corp. (NYSE:XOM -- $107.55) explores for and produces crude oil and natural gas in the United States and internationally. Exxon Mobil will report its Q3 earnings of 2022 before the bell today.

First Hawaiian Inc. (NASDAQ:FHB -- $25.80) operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. First Hawaiian will report its Q3 earnings of 2022 before the bell today.

Fortis Inc. (NYSE:FTS -- $38.47) operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. Fortis will report its Q3 earnings of 2022 before the bell today.

Gentex Corp. (NASDAQ:GNTX -- $25.63) designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. Gentex will report its Q3 earnings of 2022 before the bell today.

W.W. Grainger Inc. (NYSE:GWW -- $537.67) distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. Grainger will report its Q3 earnings of 2022 before the bell today.

Imperial Oil Ltd. (NYSE:IMO -- $49.80) engages in exploration, production, and sale of crude oil and natural gas in Canada. Imperial Oil will report its Q3 earnings of 2022 before the bell today.

JinkoSolar Holding Co. Ltd. (NYSE:JKS -- $47.85) engages in the design, development, production, and marketing of photovoltaic products. JinkoSolar will report its Q3 earnings of 2022 before the bell today.

LyondellBasell Industries N.V. (NYSE:LYB -- $82.51) operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. LyondellBasell will report its Q3 earnings of 2022 before the bell today.

Newell Brands Inc. (NASDAQ:NWL -- $15.67) designs, manufactures, sources, and distributes consumer and commercial products worldwide. Newell Brands will report its Q3 earnings of 2022 before the bell today.

Newmark Group Inc. (NASDAQ:NMRK -- $9.34) provides commercial real estate services in the United States and internationally. Newmark Group will report its Q3 earnings of 2022 before the bell today.

NextEra Energy Inc. (NYSE:NEE -- $75.47) generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. NextEra Energy will report its Q3 earnings of 2022 before the bell today.

NextEra Energy Partners LP (NYSE:NEP -- $74.27) acquires, owns, and manages contracted clean energy projects in the United States. NextEra Energy Partners will report its Q3 earnings of 2022 before the bell today.

nVent Electric plc (NYSE:NVT -- $34.25) designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. nVent Electric will report its Q3 earnings of 2022 before the bell today.

Piper Sandler Co. (NYSE:PIPR -- $122.44) operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. Piper Sandler will report its Q3 earnings of 2022 before the bell today.

Provident Financial Services Inc. (NYSE:PFS -- $20.95) operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Provident Financial will report its Q3 earnings of 2022 before the bell today.

Sanofi (NASDAQ:SNY -- $41.58) engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. Sanofi will report its Q3 earnings of 2022 before the bell today.

Standard Motor Products Inc. (NYSE:SMP -- $37.02) manufactures and distributes replacement parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry with a complementary focus on specialized original equipment parts for manufacturers across agriculture, heavy duty, and construction equipment industries. Standard Motor will report its Q3 earnings of 2022 before the bell today.

U.S. Silica Holdings Inc. (NYSE:SLCA -- $14.05) produces and sells commercial silica in the United States. U.S. Silica will report its Q3 earnings of 2022 before the bell today.

WisdomTree Investments Inc. (NASDAQ:WETF -- $5.35) operates as an exchange-traded funds (ETFs) sponsor and asset manager. WisdomTree will report its Q3 earnings of 2022 before the bell today.

Looking ahead to next week,Wall Street will be in the thick of things, with names likeAirbnb(ABNB), Barrick (GOLD),Clorox(CLX),Crocs(CROX),CVS Health(CVS), DoorDash (DASH),Dropbox(DBX), eBay (EBAY), Etsy (ETSY),Eli Lilly(LLY),Hershey Foods(HSY),Hostess Brands(TWNK),Kellogg(K), PayPal (PYPL), Pfizer (PFE),Starbucks(SBUX),Sunrun(RUN),Wayfair(W), YUM! Brands (YUM), andZillow(ZG) set to report.

The S&P U.S. manufacturing purchasing managers' index (PMI) and the ISM manufacturing index are due out early in the week, giving traders another look into the health of the U.S. economy. There's plenty of employment data due out, too, including the ADP employment report, jobs openings, and nonfarm payrolls. There will be a big Fed update on Wednesday, with the Federal Open Market Committee (FOMC) making their latest announcement.

Today's Stock Market News & Events: 10/28/2022 - Schaeffer's Investment Research (2024)

FAQs

What is the stock market prediction for 2024? ›

Wall Street analysts' consensus estimates predict 3.6% earnings growth and 3.5% revenue growth for S&P 500 companies in the first quarter. Analysts project full-year S&P 500 earnings growth of 11.0% in 2024, but analysts are more optimistic about some market sectors than others.

What is the current stock market doing today? ›

Top U.S. Markets
IndexLastChange
trading lower Dow Jones Industrial Average .DJI37,815.92-570.17
trading higher Nasdaq Composite Index .IXIC15,983.08+55.18
trading lower S&P 500 Index .SPX5,035.69-80.48

Why is the stock market declining? ›

"The markets are dealing with a couple things - inflation is hotter than most expect, rate cut expectations are coming down and we've had a ramp higher in geopolitical tensions, particularly out of the Middle East," said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.

How much has the stock market dropped in 2022? ›

By June 16, 2022, the S&P had fallen 23.55% from 4,796 to 3,666, though it was unknown if the index would plunge below the level. The DJIA fell 18.78% since its January 4 high, while the Nasdaq Composite fell 33.70% from its November 19 high.

Should I pull my money out of the stock market? ›

Key Takeaways. While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long term. Once you cash out a stock that's dropped in price, you move from a paper loss to an actual loss.

Will 2024 be a bull or bear market? ›

Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.

Is now a good time to be in the stock market? ›

Based on the stock market's historic performance, there's never necessarily a bad time to buy -- as long as you keep a long-term outlook. The market can be volatile in the short term (even in strong economic times), but it has a perfect track record of seeing positive returns over many years.

What is the YTD stock market return? ›

YTD return is the amount of profit (or loss) realized by an investment since the first trading day of the current calendar year. YTD calculations are commonly used by investors and analysts to assess the performance of a portfolio or to compare the recent performance of a number of stocks.

What is the highest stock right now? ›

US stocks with the highest price
SymbolPriceEPS dil TTM
BRK.A D607194.39 USD66371.15 USD
NVR D7585.67 USD479.78 USD
BKNG Common Stock D3503.23 USD117.98 USD
SEB D3271.99 USD204.23 USD
32 more rows

At what age should you get out of the stock market? ›

There are no set ages to get into or to get out of the stock market. While older clients may want to reduce their investing risk as they age, this doesn't necessarily mean they should be totally out of the stock market.

How long did it take the stock market to recover after the 2008 crash? ›

The bounce-back from the 2008 crash took five and a half years, but an additional half year to regain your purchasing power.

How long does it take for the stock market to recover from the Great Depression? ›

The crash lasted until 1932, resulting in the Great Depression, a time in which stocks lost nearly 90% of their value. The Dow didn't fully recover until November of 1954.

How much did the average person lose in the stock market in 2022? ›

Even investors who understand that the stock market is volatile did not feel good about the losses stocks posted during 2022. The Standard & Poor's 500 Index dropped by nearly 20% and the average workplace retirement plan balance fell from $144,280 at the start of that year to $111,210 by year's end.

Are we in the bear or bull market? ›

The current bull market started in October 2022, when the S&P 500 reached its most recent low. Since then, the index has swelled about 35 percent.

Was 2022 a bad year for investments? ›

Let's start with stocks. The S&P 500 fell -18.01% in 2022. That's painful, but it's not anomalous. From 1928 - 2022, the S&P 500 has ended negative 26 out of the 94 years.

Will stocks go up in 2024? ›

The US stock market enjoyed a strong first quarter in 2024, advancing 10%. But inflation was stickier than some expected. In fact, the March CPI number that came out this morning was hotter than expected, too. And that's leading many to question when the Federal Reserve will begin cutting interest rates.

Will the market go up in 2024? ›

The S&P 500 generated an impressive 26.29% total return in 2023, rebounding from an 18.11% setback in 2022. Heading into 2024, investors are optimistic the same macroeconomic tailwinds that fueled the stock market's 2023 rally will propel the S&P 500 to new all-time highs in 2024.

Will the stock market fall in 2024? ›

While the overall 2024 outlook for stock market seems bleak, investing in small caps can be favourable this year, said the note. JP Morgan strategists in their note highlighted several reasons why markets can remain volatile in 2024, including economic recession and an invested yield curve.

How high will the stock market be by 2025? ›

S&P 500 could hit 6,500 by end-2025, says Capital Economics.

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