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AMC Entertainment Holdings, Inc. (AMC) surpassed revenue and EPS estimates by 0.8% and 18.4%, respectively, in the 2022 third quarter. However, the movie and entertainment industry continues to underperform and is still below pre-pandemic levels. Amid a scarcity of movie releases, AMC might witness a further downtrend. According to ScreenVision CEO John Partilla, the number […]

High inflation, the Fed’s interest rate hikes to handle it, the economic fallout from Russia’s invasion of Ukraine, and recessionary fears have kept the stock market volatile for most of 2022. October Consumer Price Index (CPI) data came in lower than expected, indicating some signs that inflationary pressures could be easing. Furthermore, Federal Reserve chairman

Growth stocks have been hammered this year due to macroeconomic and geopolitical uncertainties. However, healthcare services provider McKesson Corporation (MCK) has been an outlier. The stock has gained 52.1% in price year-to-date and 68.8% over the past year to close the last trading session at $378.04. MCK has been the second-best performing non-energy stock in

The chip industry has been under pressure this year due to economic uncertainties such as rising inflation, aggressive rate hikes by the Fed, geopolitical issues causing supply chain disruptions, and material shortages. The pressure on the industry has been further worsened by recent regulatory action taken by the United States to curb chip export to

With the data released by the Labor Department last week showing better-than-expected employment growth from a resilient economy during November, concerns of wage increases driving prices higher are rising. This may cause the inflation the Fed is trying so hard to tame to go out of control. As a result, albeit slowly, the Fed could

The travel industry is expanding significantly this year as it bounces back from the COVID-19 pandemic-led damages. According to the United Nations World Tourism Organization (UNTWO), international tourism is on track to reach 65% of pre-pandemic levels by the end of this year. Approximately 700 million tourists traveled internationally between January and September, more than

Decades-old Valero Energy Corporation (VLO) recently decided to expand its production capacity, apprehending increased demand for motor fuels. The company announced that it would operate seven U.S. Gulf Coast refineries, up to 95%, in the 2022 fourth quarter. Moreover, VLO beat its revenue estimates by 7.3% and EPS estimates by 2.9% in its 2022 third

The auto industry has been under pressure this year due to several headwinds, such as supply chain disruptions, high prices of raw materials, and semiconductor shortages. Moreover, high inflation has put pressure on prospective car buyers’ pockets, and rising interest rates made borrowing costly. U.S. new vehicle sales declined 4% sequentially in November. Despite the

Amid consecutive federal rate hikes, U.S. industrial production declined in October. However, manufacturing output increased marginally. On top of it, real gross domestic product (GDP) increased at an annual rate of 2.9% in the third quarter of 2022  Moreover, the Bipartisan Infrastructure Law is expected to fortify industrial development in the country. To date, 2,800

Amid stubbornly high inflation and consecutive rate hikes, the Consumer Confidence Index of the Conference Board fell to 100.2 in November, down from 102.2 in October. The index is at its lowest level since July. Moreover, according to Goldman Sachs Group Inc. (GS) strategists, the bear market phase is expected to extend into 2023. They