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- KhennKhenn
  ·2022-11-17
  Bullish
  EV Stocks Crashed in Morning Trading, with Arrival Slumping 9.75%
  EV stocks crashed in morning trading, with Arrival slumping 9.75%.
  EV Stocks Crashed in Morning Trading, with Arrival Slumping 9.75%
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- KhennKhenn
  ·2022-11-17
  Bullrun? Bullish
  Top Calls on Wall Street: Micron, Qualcomm, Tencent Music and More
  Top 5 Upgrades:Atlantic Equities analyst Richard Radbourne upgraded Xylem(XYL) to Overweight from Ne
  Top Calls on Wall Street: Micron, Qualcomm, Tencent Music and More
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- KhennKhenn
  ·2022-11-17
  Sad
  US STOCKS-Wall Street Ends Down After Target Outlook, Micron Supply Cut
  (Reuters) - Wall Street's main indexes ended lower on Wednesday as a grim outlook from Target spurre
  US STOCKS-Wall Street Ends Down After Target Outlook, Micron Supply Cut
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Bullish&nbsp;","listText":"Bullrun? Bullish&nbsp;","text":"Bullrun? Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963149980","repostId":"1135515439","repostType":4,"repost":{"id":"1135515439","kind":"news","pubTimestamp":1668611266,"share":"https://ttm.financial/m/news/1135515439?lang=&edition=fundamental","pubTime":"2022-11-16 23:07","market":"us","language":"en","title":"Top Calls on Wall Street: Micron, Qualcomm, Tencent Music and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1135515439","media":"The Fly","summary":"Top 5 Upgrades:Atlantic Equities analyst Richard Radbourne upgraded Xylem(XYL) to Overweight from Ne","content":"<html><head></head><body><p><b>Top 5 Upgrades:</b></p><ul><li>Atlantic Equities analyst Richard Radbourne upgraded <b>Xylem</b>(XYL) to Overweight from Neutral with a price target of $129, up from $110. Supply chain constraints weighed heavily on Xylem during 2022 but these are now easing and should allow the M&amp;CS business to become an earnings tailwind during fiscal 2023, Radbourne tells investors in a research note.</li><li>Benchmark analyst Fawne Jiang upgraded <b>Tencent Music</b>(TME) to Buy from Hold with a $7 price target post third quarter results. The analyst cites &#34;structural&#34; margin improvement of the music segment, the fundamental turnaround of its ad and digital album businesses, and its effective cost saving.</li><li>Wells Fargo analyst Stephen Baxter upgraded <b>Oscar Health</b>(OSCR) to Overweight from Equal Weight with a price target of $4, down from $8.50. While the range of outcomes remains wide, the analyst believes risk/reward skews to the upside following significant year-to-date underperformance.</li><li>Goldman Sachs analyst Alex Scott upgraded <b>Lincoln National</b>(LNC) to Buy from Neutral with a price target of $46, down from $50. The company should be able to rebuild its capital base and display its &#34;relatively strong&#34; underlying capital generation faster than investors are expecting, Scott tells investors in a research note.</li><li>Daiwa analyst Carlton Lai upgraded <b>Huya</b>(HUYA) to Buy from Outperform with a price target of $3.60, down from $4 post third quarter results. Huya will report a large loss in Q4, but &#34;things will improve in 2023,&#34; Lai tells investors in a research note.</li></ul><p><b>Top 5 Downgrades:</b></p><ul><li>UBS analyst Michael Lasser downgraded <b>Advance Auto Parts</b>(AAP) to Neutral from Buy with a price target of $182, down from $230 after its Q3 earnings miss. It is becoming more difficult to defend the stock as the company is losing market share with another 0.7% decline in comps, the analyst tells investors in a research note.</li><li>Credit Suisse analyst Chris Caso downgraded <b>Texas Instruments</b>(TXN) to Neutral from Outperform with a price target of $205, up from $185, after assuming coverage of the name. While all semis are likely to endure some degree of correction in 2023, Texas Instruments&#39; large exposure to industrial makes it very challenging to identify the &#34;real&#34; level of demand, since the significant shortages that occurred over the last year gave customers every incentive to have built inventory where they could, Caso argues.</li><li>Argus analyst Kevin Heal downgraded <b>Rocket Companies</b>(RKT) to Sell from Hold. The analyst cites the company&#39;s position as the second largest U.S. mortgage originator with approximately 5% of the overall market, noting that as mortgage rates have recently risen to 7%, origination volumes are expected to drop 50% from 2021 levels, with further declines expected in 2023.</li><li>Deutsche Bank analyst Pito Chickering downgraded <b>Medtronic</b>(MDT) to Hold from Buy with a price target of $85, down from $121. The company has had a challenging 12 months, with several product issues in Q4 of 2021 followed by macro headwinds impacting earnings growth in fiscal 2023, Chickering tells investors in a research note.</li><li>Citi analyst Brian Gong downgraded <b>Huya</b> to Sell from Neutral with a price target of $3, down from $4, after the company reported Q3 results. Though Huya is likely to continue to optimize costs to improve margin over the long-term, he has turned more cautious given that the eSports industry could face &#34;a structurally more challenging growth outlook with limited headroom for user growth and monetization potential.&#34;</li></ul><p><b>Top 5 Initiations:</b></p><ul><li>Credit Suisse analyst Chris Caso initiated coverage of <b>Micron Technology</b>(MU) with an Outperform rating and $78 price target, implying 25% upside potential from current levels. The analyst thinks long-term DRAM and NAND industry growth is intact.</li><li>Credit Suisse analyst Chris Caso initiated coverage of <b>Qualcomm</b>(QCOM) with an Outperform rating and $150 price target. Qualcomm has more short-term security than others in the group since Android has already corrected and the company is shipping below consumption, Caso says.</li><li>Credit Suisse analyst Chris Caso initiated coverage of <b>Qorvo</b>(QRVO) with an Outperform rating and $120 price target. Qorvo has cyclical exposure to handsets along with increasing diversification into non-handset businesses that will provide higher growth, Caso tells investors.</li><li>Edward Jones analyst Logan Purk initiated coverage of <b>Synopsys</b>(SNPS) with a Hold rating. The company will benefit from growing demand for semiconductors used in autonomous driving, 5G and artificial intelligence, but the positive outlook is fairly captured in the current share price, Purk tells investors in a research note.</li><li>Needham analyst Charles Shi initiated coverage of <b>Altair Engineering</b>(ALTR) with a Buy rating and $60 price target. The company&#39;s core simulation business, which is indexed to R&amp;D spending across automotive, aerospace, financial services, and others, will help Altair prove resilient in a recessionary macroeconomic environment, the analyst tells investors in a research note.</li></ul></body></html>","source":"lsy1666364704704","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Calls on Wall Street: Micron, Qualcomm, Tencent Music and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Calls on Wall Street: Micron, Qualcomm, Tencent Music and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-16 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3619612&headline=XYL;TME;OSCR;LNC;HUYA;MDT;TXN;MU;QCOM;QRVO;SNPS;ALTR;AAP;RKT-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:Atlantic Equities analyst Richard Radbourne upgraded Xylem(XYL) to Overweight from Neutral with a price target of $129, up from $110. Supply chain constraints weighed heavily on Xylem ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3619612&headline=XYL;TME;OSCR;LNC;HUYA;MDT;TXN;MU;QCOM;QRVO;SNPS;ALTR;AAP;RKT-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技","TME":"腾讯音乐","QCOM":"高通"},"source_url":"https://thefly.com/landingPageNews.php?id=3619612&headline=XYL;TME;OSCR;LNC;HUYA;MDT;TXN;MU;QCOM;QRVO;SNPS;ALTR;AAP;RKT-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135515439","content_text":"Top 5 Upgrades:Atlantic Equities analyst Richard Radbourne upgraded Xylem(XYL) to Overweight from Neutral with a price target of $129, up from $110. Supply chain constraints weighed heavily on Xylem during 2022 but these are now easing and should allow the M&CS business to become an earnings tailwind during fiscal 2023, Radbourne tells investors in a research note.Benchmark analyst Fawne Jiang upgraded Tencent Music(TME) to Buy from Hold with a $7 price target post third quarter results. The analyst cites \"structural\" margin improvement of the music segment, the fundamental turnaround of its ad and digital album businesses, and its effective cost saving.Wells Fargo analyst Stephen Baxter upgraded Oscar Health(OSCR) to Overweight from Equal Weight with a price target of $4, down from $8.50. While the range of outcomes remains wide, the analyst believes risk/reward skews to the upside following significant year-to-date underperformance.Goldman Sachs analyst Alex Scott upgraded Lincoln National(LNC) to Buy from Neutral with a price target of $46, down from $50. The company should be able to rebuild its capital base and display its \"relatively strong\" underlying capital generation faster than investors are expecting, Scott tells investors in a research note.Daiwa analyst Carlton Lai upgraded Huya(HUYA) to Buy from Outperform with a price target of $3.60, down from $4 post third quarter results. Huya will report a large loss in Q4, but \"things will improve in 2023,\" Lai tells investors in a research note.Top 5 Downgrades:UBS analyst Michael Lasser downgraded Advance Auto Parts(AAP) to Neutral from Buy with a price target of $182, down from $230 after its Q3 earnings miss. It is becoming more difficult to defend the stock as the company is losing market share with another 0.7% decline in comps, the analyst tells investors in a research note.Credit Suisse analyst Chris Caso downgraded Texas Instruments(TXN) to Neutral from Outperform with a price target of $205, up from $185, after assuming coverage of the name. While all semis are likely to endure some degree of correction in 2023, Texas Instruments' large exposure to industrial makes it very challenging to identify the \"real\" level of demand, since the significant shortages that occurred over the last year gave customers every incentive to have built inventory where they could, Caso argues.Argus analyst Kevin Heal downgraded Rocket Companies(RKT) to Sell from Hold. The analyst cites the company's position as the second largest U.S. mortgage originator with approximately 5% of the overall market, noting that as mortgage rates have recently risen to 7%, origination volumes are expected to drop 50% from 2021 levels, with further declines expected in 2023.Deutsche Bank analyst Pito Chickering downgraded Medtronic(MDT) to Hold from Buy with a price target of $85, down from $121. The company has had a challenging 12 months, with several product issues in Q4 of 2021 followed by macro headwinds impacting earnings growth in fiscal 2023, Chickering tells investors in a research note.Citi analyst Brian Gong downgraded Huya to Sell from Neutral with a price target of $3, down from $4, after the company reported Q3 results. Though Huya is likely to continue to optimize costs to improve margin over the long-term, he has turned more cautious given that the eSports industry could face \"a structurally more challenging growth outlook with limited headroom for user growth and monetization potential.\"Top 5 Initiations:Credit Suisse analyst Chris Caso initiated coverage of Micron Technology(MU) with an Outperform rating and $78 price target, implying 25% upside potential from current levels. The analyst thinks long-term DRAM and NAND industry growth is intact.Credit Suisse analyst Chris Caso initiated coverage of Qualcomm(QCOM) with an Outperform rating and $150 price target. Qualcomm has more short-term security than others in the group since Android has already corrected and the company is shipping below consumption, Caso says.Credit Suisse analyst Chris Caso initiated coverage of Qorvo(QRVO) with an Outperform rating and $120 price target. Qorvo has cyclical exposure to handsets along with increasing diversification into non-handset businesses that will provide higher growth, Caso tells investors.Edward Jones analyst Logan Purk initiated coverage of Synopsys(SNPS) with a Hold rating. The company will benefit from growing demand for semiconductors used in autonomous driving, 5G and artificial intelligence, but the positive outlook is fairly captured in the current share price, Purk tells investors in a research note.Needham analyst Charles Shi initiated coverage of Altair Engineering(ALTR) with a Buy rating and $60 price target. The company's core simulation business, which is indexed to R&D spending across automotive, aerospace, financial services, and others, will help Altair prove resilient in a recessionary macroeconomic environment, the analyst tells investors in a research note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963157096,"gmtCreate":1668639976316,"gmtModify":1676538087174,"author":{"id":"4131742807832682","authorId":"4131742807832682","name":"Khenn","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4131742807832682","authorIdStr":"4131742807832682"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963157096","repostId":"2284784485","repostType":4,"repost":{"id":"2284784485","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1668633616,"share":"https://ttm.financial/m/news/2284784485?lang=&edition=fundamental","pubTime":"2022-11-17 05:20","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Down After Target Outlook, Micron Supply Cut","url":"https://stock-news.laohu8.com/highlight/detail?id=2284784485","media":"Reuters","summary":"(Reuters) - Wall Street's main indexes ended lower on Wednesday as a grim outlook from Target spurre","content":"<html><head></head><body><p>(Reuters) - Wall Street&#39;s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron&#39;s supply cut.</p><p>Shares of Target Corp tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales.</p><p>Retail stocks slumped broadly, including declines of over 8% in shares of Macy&#39;s Inc and Best Buy Co Inc and a 7% drop for Foot Locker. The S&amp;P 500 consumer discretionary sector shed 1.5%.</p><p>Micron Technology shares dropped 6.7% after the company said it would reduce memory chip supply and make more cuts to its capital spending plan. The S&amp;P 500 information technology sector fell 1.4% and the Philadelphia SE Semiconductor index sank 4.3%.</p><p>“The biggest sector issue is Target’s earnings and what that means for retail and consumer spending in general. I think that has kind of set the tone for the market,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>The Micron news “is certainly causing some tech investors to take some of these short term profits off the table because it still appears like the fundamentals are still not great in the tech space,” Carlson said.</p><p>The Dow Jones Industrial Average fell 39.09 points, or 0.12%, to 33,553.83, the S&amp;P 500 lost 32.94 points, or 0.83%, to 3,958.79 and the Nasdaq Composite dropped 174.75 points, or 1.54%, to 11,183.66.</p><p>Gains in defensive areas such as utilities and consumer staples helped mitigate the S&amp;P 500&#39;s losses. The utilities sector rose 0.9%, while staples gained 0.5%.</p><p>Despite the sales warning from Target, data showed U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles, suggesting consumer spending picked up early in the fourth quarter.</p><p>Elsewhere in retail, shares of Lowe&#39;s rose 3% after the home improvement company raised its annual profit forecast.</p><p>Stocks had staged a big rally over the past month, after softer-than-expected inflation data raised hopes the U.S. Federal Reserve could get less aggressive with interest rate hikes.</p><p>&#34;The market had seen a good run-up from those lows and had continued to move higher,&#34; said George Catrambone, head of Americas trading at <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group. &#34;The market has a lot to think about and digest as we get into year end.&#34;</p><p>Fed Governor Christopher Waller, an early and outspoken inflation hawk, said he is now &#34;more comfortable&#34; with smaller rate increases going forward after data showed price increases slowing.</p><p>Investors also were watching geopolitical tensions. A missile that hit Poland was probably a stray fired by Ukraine&#39;s air defenses and not a Russian strike, Poland and NATO said, easing global concern that the war in Ukraine could spill across the border.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.96-to-1 ratio; on Nasdaq, a 2.23-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 71 new highs and 133 new lows.</p><p>About 10.5 billion shares changed hands in U.S. exchanges, compared with the 12.2 billion daily average over the last 20 sessions.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Down After Target Outlook, Micron Supply Cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Down After Target Outlook, Micron Supply Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-11-17 05:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street&#39;s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron&#39;s supply cut.</p><p>Shares of Target Corp tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales.</p><p>Retail stocks slumped broadly, including declines of over 8% in shares of Macy&#39;s Inc and Best Buy Co Inc and a 7% drop for Foot Locker. The S&amp;P 500 consumer discretionary sector shed 1.5%.</p><p>Micron Technology shares dropped 6.7% after the company said it would reduce memory chip supply and make more cuts to its capital spending plan. The S&amp;P 500 information technology sector fell 1.4% and the Philadelphia SE Semiconductor index sank 4.3%.</p><p>“The biggest sector issue is Target’s earnings and what that means for retail and consumer spending in general. I think that has kind of set the tone for the market,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>The Micron news “is certainly causing some tech investors to take some of these short term profits off the table because it still appears like the fundamentals are still not great in the tech space,” Carlson said.</p><p>The Dow Jones Industrial Average fell 39.09 points, or 0.12%, to 33,553.83, the S&amp;P 500 lost 32.94 points, or 0.83%, to 3,958.79 and the Nasdaq Composite dropped 174.75 points, or 1.54%, to 11,183.66.</p><p>Gains in defensive areas such as utilities and consumer staples helped mitigate the S&amp;P 500&#39;s losses. The utilities sector rose 0.9%, while staples gained 0.5%.</p><p>Despite the sales warning from Target, data showed U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles, suggesting consumer spending picked up early in the fourth quarter.</p><p>Elsewhere in retail, shares of Lowe&#39;s rose 3% after the home improvement company raised its annual profit forecast.</p><p>Stocks had staged a big rally over the past month, after softer-than-expected inflation data raised hopes the U.S. Federal Reserve could get less aggressive with interest rate hikes.</p><p>&#34;The market had seen a good run-up from those lows and had continued to move higher,&#34; said George Catrambone, head of Americas trading at <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group. &#34;The market has a lot to think about and digest as we get into year end.&#34;</p><p>Fed Governor Christopher Waller, an early and outspoken inflation hawk, said he is now &#34;more comfortable&#34; with smaller rate increases going forward after data showed price increases slowing.</p><p>Investors also were watching geopolitical tensions. A missile that hit Poland was probably a stray fired by Ukraine&#39;s air defenses and not a Russian strike, Poland and NATO said, easing global concern that the war in Ukraine could spill across the border.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.96-to-1 ratio; on Nasdaq, a 2.23-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 3 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 71 new highs and 133 new lows.</p><p>About 10.5 billion shares changed hands in U.S. exchanges, compared with the 12.2 billion daily average over the last 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2284784485","content_text":"(Reuters) - Wall Street's main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron's supply cut.Shares of Target Corp tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales.Retail stocks slumped broadly, including declines of over 8% in shares of Macy's Inc and Best Buy Co Inc and a 7% drop for Foot Locker. The S&P 500 consumer discretionary sector shed 1.5%.Micron Technology shares dropped 6.7% after the company said it would reduce memory chip supply and make more cuts to its capital spending plan. The S&P 500 information technology sector fell 1.4% and the Philadelphia SE Semiconductor index sank 4.3%.“The biggest sector issue is Target’s earnings and what that means for retail and consumer spending in general. I think that has kind of set the tone for the market,\" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.The Micron news “is certainly causing some tech investors to take some of these short term profits off the table because it still appears like the fundamentals are still not great in the tech space,” Carlson said.The Dow Jones Industrial Average fell 39.09 points, or 0.12%, to 33,553.83, the S&P 500 lost 32.94 points, or 0.83%, to 3,958.79 and the Nasdaq Composite dropped 174.75 points, or 1.54%, to 11,183.66.Gains in defensive areas such as utilities and consumer staples helped mitigate the S&P 500's losses. The utilities sector rose 0.9%, while staples gained 0.5%.Despite the sales warning from Target, data showed U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles, suggesting consumer spending picked up early in the fourth quarter.Elsewhere in retail, shares of Lowe's rose 3% after the home improvement company raised its annual profit forecast.Stocks had staged a big rally over the past month, after softer-than-expected inflation data raised hopes the U.S. Federal Reserve could get less aggressive with interest rate hikes.\"The market had seen a good run-up from those lows and had continued to move higher,\" said George Catrambone, head of Americas trading at DWS Group. \"The market has a lot to think about and digest as we get into year end.\"Fed Governor Christopher Waller, an early and outspoken inflation hawk, said he is now \"more comfortable\" with smaller rate increases going forward after data showed price increases slowing.Investors also were watching geopolitical tensions. A missile that hit Poland was probably a stray fired by Ukraine's air defenses and not a Russian strike, Poland and NATO said, easing global concern that the war in Ukraine could spill across the border.Declining issues outnumbered advancing ones on the NYSE by a 1.96-to-1 ratio; on Nasdaq, a 2.23-to-1 ratio favored decliners.The S&P 500 posted 3 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 71 new highs and 133 new lows.About 10.5 billion shares changed hands in U.S. exchanges, compared with the 12.2 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}