Reply To: Traders Market Weekly: Fed, Inflation and Profit Warnings

#43653
Truman
Participant

Warner Bros. Discovery (WBD 12.90, -0.05, -0.39%): lower on report it plans to layoff about 30% of its ad sales employees, according to Deadline
Johnson & Johnson (JNJ 161.83, +0.50, +0.31%): authorized the repurchase of up to $5 billion of the company’s common stock; reaffirms its full-year 2022 guidance
Stellantis (STLA 13.61, +0.20, +1.49%): Company and General Motors (GM) to execute a share repurchase transaction
Starbucks (SBUX 89.25, +1.41, +1.61%): provides new growth targets in Reinvention Plan
Raytheon Technologies (RTX 84.30, +0.58, +0.69%): lowers its FY22 free cash flow outlook to account for the impact of certain legislation; reaffirms FY22 sales and EPS guidance
Flowserve (FLS 30.02, -0.77, -2.50%): provides an update on expected Q3 results, disclosing that two events are expected to negatively impact EPS by $0.18-$0.22
Alphabet (GOOG 105.53, +0.22, +0.21%): EU General Court largely confirms the Commission’s decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices and mobile network operators in order to consolidate the dominant position of its search engine
Akero Therapeutics (AKRO 28.70, -0.35, -1.20%): commences $175 mln common stock offering; upgraded to Outperform from In-line at Evercore ISI
Nucor (NUE 129.25, -6.85, -5.03%): sees Q3 earnings below consensus