Traders will be concentrating on key economic reports including the latest on inflation and consumer sentiment.
Mainstay Capital Management founder and CEO David Kudla reveals how investors can protect themselves in tough economic times on 'The Claman Countdown.'The Bureau of Labor Statistics is expected to say that PPI rose 0.2% month-over-month in November according to Refinitiv forecasts.Year-over-year, prices paid by wholesalers are anticipated to jump 7.2%, down sharply from an 8.0% pop in October and the fifth straight month of slowing growth.
If you exclude food and energy costs, core producer prices are also anticipated to rise 0.2% monthly in November after remaining flat the prior month. Year-over-year look for growth in core PPI to cool to 5.9% in November, the lowest since June 2021 and the eighth straight month of slowing growth from a record 9.7% surge in March.for December. It’s expected to inch higher to 56.9 after falling more than expected in November on inflation worries and rising interest rates.
The company forecast first-quarter revenue of about $8.9 billion, compared with analysts' estimates of $8.78 billion, according to Refinitiv data. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share, according to the Associated Press.posted revenue of $645.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $626.1 million.
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