$Amazon.com(AMZN)$ has experienced a three-day consecutive decline, bringing its stock price back to the closing price after the Q2 financial report was released. Compared to other tech giants, Amazon has a closer connection to the macroeconomy. The recent pullback in the stock also reflects several events that have impacted the company's performance in recent days.First, Amazon made preparations ahead of shopping festivals by increasing its workforce and proactively raising wages. The company plans to invest $1.3 billion this year to improve the compensation of customer fulfillment and transportation employees, raising the average hourly wage for these roles to over $20.50. These wages have increased by more than 50% over the past five years. In
$Instacart, Inc. (Maplebear Inc.)(CART)$ has once again raised its IPO price to $30 per share, at the expected upper limit, valuing the company at $9.9 billion on a fully diluted basis. This is further evidence of the IPO market's recovery.Last week, chip design company ARM Holdings Ltd (ARM) made its debut and saw a significant surge, bringing excitement back to the long-dormant IPO market. If CART's stock performs well, it may pave the way for more startups to go public.Investors may be ready to venture back into the IPO world, but the current environment has made them price-sensitive, unlike the boom of 2021. Many IPO stocks from 2020 and 2021 have traded below their initial prices, potentially leading to losses for funds that invested in these
Only Walmart is still growing? How's other retailers?
$Wal-Mart(WMT)$ opened high with Q2 Earnings beat, both revenue and profits suprised, but still, closed with 2% plummet.In terms of store salesSame-store sales increased by 6.3%, higher than the market's expected 4.04%. Same-store sales in the US rose by 6.4%, exceeding expectations of 4.0%, with transaction volume increasing by 2.9% and average ticket prices rising by 3.4%. Due to the changes in the post-pandemic era, e-commerce's contribution to sales decreased by 230 basis points compared to last year.Sam's Club's comparable sales increased by 5.5%, slightly lower than the expected 5.59%, with transactions growing by 2.9% and average ticket prices increasing by 3.5%.In terms of revenueotal revenue reached $161.6 billion, a year-on-year increase
Why did Target's stock rise during a period of retail decline?
After several turbulent earnings seasons, $Target(TGT)$ showed a reversal trend in its Q2 financial report released yesterday. Despite falling short of revenue expectations, the operational improvements led to profits exceeding the market's forecast.Amid macro-level changes, Q2 witnessed sluggish sales of non-essential items. However, the company's stock price maintained an upward trajectory after the earnings announcement. This can be attributed to the significant sell-off previously triggered by declining profit margins. Q2 revealed a robust operational performance, and the provided guidance surpassed expectations.Total revenue decreased by 4.9% to $24.8 billion, falling below the market's projected $25.3 billion. Comparable store sales dropped b
September CPI beats consensus again, just like that of August. (Refere to: Why August CPI beat market consensus?)Similarly, the market is still afraid of the Fed's interest rate increasing after the high inflation. Unsimilarly, market is not in high expectation. The recent trend has priced-in some recession expectations. Therefore, there was a huge rebound after the sharp drop.$S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$
Expect Sep CPI, what you should know in the rest of the week?
The September's CPI report will be released before Oct 13th, which is quite critical for the stock market, and could lead to a very big drop should it come in higher.The estimates forecast another hot reading with CPI y/y expected to climb by 8.1% and 0.2% m/m. The Core CPI is expected to rise by 6.5% y/y and 0.4% m/m.It's easy, 8.1% should be the bull and bear line.Besides, we should know.Covid-19 Again?Officials at the World Health Organization (WHO) said that there are indications that the number of cases of COVID-19 in Europe is rising. Its indicators suggest "that another wave of infections has begun, according to WHO's statement.Apparently,&
$Amazon.com(AMZN)$ has experienced a three-day consecutive decline, bringing its stock price back to the closing price after the Q2 financial report was released. Compared to other tech giants, Amazon has a closer connection to the macroeconomy. The recent pullback in the stock also reflects several events that have impacted the company's performance in recent days.First, Amazon made preparations ahead of shopping festivals by increasing its workforce and proactively raising wages. The company plans to invest $1.3 billion this year to improve the compensation of customer fulfillment and transportation employees, raising the average hourly wage for these roles to over $20.50. These wages have increased by more than 50% over the past five years. In
$Instacart, Inc. (Maplebear Inc.)(CART)$ has once again raised its IPO price to $30 per share, at the expected upper limit, valuing the company at $9.9 billion on a fully diluted basis. This is further evidence of the IPO market's recovery.Last week, chip design company ARM Holdings Ltd (ARM) made its debut and saw a significant surge, bringing excitement back to the long-dormant IPO market. If CART's stock performs well, it may pave the way for more startups to go public.Investors may be ready to venture back into the IPO world, but the current environment has made them price-sensitive, unlike the boom of 2021. Many IPO stocks from 2020 and 2021 have traded below their initial prices, potentially leading to losses for funds that invested in these
Only Walmart is still growing? How's other retailers?
$Wal-Mart(WMT)$ opened high with Q2 Earnings beat, both revenue and profits suprised, but still, closed with 2% plummet.In terms of store salesSame-store sales increased by 6.3%, higher than the market's expected 4.04%. Same-store sales in the US rose by 6.4%, exceeding expectations of 4.0%, with transaction volume increasing by 2.9% and average ticket prices rising by 3.4%. Due to the changes in the post-pandemic era, e-commerce's contribution to sales decreased by 230 basis points compared to last year.Sam's Club's comparable sales increased by 5.5%, slightly lower than the expected 5.59%, with transactions growing by 2.9% and average ticket prices increasing by 3.5%.In terms of revenueotal revenue reached $161.6 billion, a year-on-year increase
Why did Target's stock rise during a period of retail decline?
After several turbulent earnings seasons, $Target(TGT)$ showed a reversal trend in its Q2 financial report released yesterday. Despite falling short of revenue expectations, the operational improvements led to profits exceeding the market's forecast.Amid macro-level changes, Q2 witnessed sluggish sales of non-essential items. However, the company's stock price maintained an upward trajectory after the earnings announcement. This can be attributed to the significant sell-off previously triggered by declining profit margins. Q2 revealed a robust operational performance, and the provided guidance surpassed expectations.Total revenue decreased by 4.9% to $24.8 billion, falling below the market's projected $25.3 billion. Comparable store sales dropped b