Markets mark the time until they receive their last kilogram of flesh in the form of new catalysts.
They received a small catalytic converter this morning with a profit from Miss from Home Depot (HD), although the homemade retailer retailely repeated sales and prospects for profit.
The attention will now be focused on the results of the target profit (TGT) and Walmart (WMT) this week, then carefully watched a speech by Fed President Jerome Powell on Friday in Jackson Hole.
It may not feel that way, but the markets have not done much in the last week. The industrial average of Dow Jones (^DJI), Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) are flat above this section.
Bring this speech to Powell.
With the chatter that the government is approaching to take a 10% share in Intel, I suppose it should not be shocked, the bruised technology giant hopes to get some street loan for its future roadmap by touching SoftBank and Masayoshi SON for $ 2 billion. The CEO of Intel Lip-Bu Tan also acquires Trump’s friend at a table.
A son said in a statement that he sees that Intel plays a “critical” role in the development of a chip in the United States.
It is still something to see that this unfolds on Intel, which has billions in cash and is not in a financial spiral of death. Given the close table connections with the Trump administration, I suspect that a government share may be next.
A spokesman for the Trump administration did not return Yahoo Finance’s requests for comment.
Per Yahoo Finance Data, SoftBank’s investment for $ 2 billion will give him about a 2% share in Intel, enough to be the fifth largest shareholder.
“We’re not there yet,” said Moor Insights & Strategy Patrick Moorhead analyst when finding an offer is close to a financial crisis. “But the big” if “is how much more market share can AMD take from Intel?”
Speaking of uncertainty, Home Depot is out with profit. The company’s financial officer downplayed the transmission in the call I had with it this morning, indicating the sales power at the end of the quarter and repeated the forecast. The brutal results of Whirlpool (WHR) a few weeks ago also had to make this investor report.
But the red flags in the report were as clear as the nails gluing through a piece of plywood.
“Against the shortage, we believe that the shares can be subjected to modest pressure with a comment on the key to call this morning to acquire acceleration confidence,” said STIFEL analyst Andrew Carter.
Yahoo Financing Control List:
-
Wins: US sales ended a quarter strong; Repetition of Outlook; The margins linger in spite of tariffs
-
Losses: Profit is profit; Reducing interest rates needed to wake up large reconstruction projects