Stock Groups

5 things to know before the stock market opens Thursday, May 12

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Investors need the following news, analysis and trends to help them start trading:

1. After Wall Street’s multiday losing streak continues, stock futures fall

Traders in the NYSE Floor, May 11, 20,22.

Source: NYSE

U.S. stock futuresAs the wide sell-off of risk assets and their revaluation continued without much to hide, Thursday saw a drop in shares

  • Morning after earnings: Dow component DisneyThe premarket saw a drop of more than 4.5% and a share price of around $100
  • AppleRecently, the stock market has been in decline. has been dethronedSaudi Aramco is the oil giant’s top-selling company.
  • Ford General MotorsBoth fell dramatically in the premarket. Wells Fargo has downgraded both stock to underweight and overweight. It stated that 2022 might be the peak profit year for legacy automakers.
  • Bitcoin’s and the whole crypto market’s current downturn intensified on Thursday.
  • Treasury prices are inversely related to yields. jumpedAs investors looked for the safety and security of bonds,

It will be determined whether yields are lower on Thursday when wholesale inflation data for April is released before the bell. The release comes just one day after strong consumer price gains, but at a slower rate. It is the Dow Jones Industrial AverageThe S&P 500And the NasdaqOn Wednesday fell 1%, more than 1.6% and nearly 3.2%, respectivelyMultiday losses were increasing.

2. Investors are eager for more inflation data, one day after the reemergence of hot consumer prices

Rivian Automobile electric vehicle plant in Normal (Illinois) April 11, 2022.

Kamil Krzaczynski | Reuters

Producer price index for April this week’s second major inflation reportThe government will release the following documents at 8:30 AM. ET. ET. Economists anticipate a headline rise of 0.5% and an increase in the core rate by 0.6%, which does not include food or energy prices. The core rate increased 1% and headline PPI went up 1.4% in March.

An overview of the second pillar Federal ReserveThe dual mandate of encouraging price stability as well as maximum employment will also be out at 8:30 am. ET. ET. Although they were lower on Thursday morning, bonds yields are rising at multiyear highs. 10-year Treasury yieldAs traders rebel against the Fed and worry that inflation will continue to rise despite the slowing economy, the Fed has pushed the limit to 3%.

3. Bitcoin crashes to 16-month lows as the crypto market collapses

BitcoinAt one point, he was unable to finish the task. below $27,000On Thursday, for first time in more than 16 monthsAs a result, the crypto market experienced an increase in losses as a result of rising inflation. Bitcoin has traded with technology stocks and the Nasdaq in recent months, being touted by proponents as a place of wealth like gold. This is 60% less than its November record.

  • Tether is the largest stablecoin in the world. broke below its $1 pegThursday is a new day of market worry following the fall of Terra, a stablecoin protocol. TerraUSDUST is another currency that should reflect the dollar’s value. But it dropped to below 30 cents Wednesday. This shaken confidence in decentralized finance and investors. TerraUSD traded around 45 cents on Wednesday.

4. Disney falls as its CFO says streaming isn’t as strong in 2018

This photo illustrates a hand with a remote controlling a television set in front of the Disney Plus logo.

Getty Images| Sopa Images | Lightrocket | Getty Images

After-hours trading on Wednesday saw Disney shares rise initially. They quickly declined. turned lowerFollowing the acquisition of the company CFO acknowledgedThe second half of 2017 may be less strong than the first, when streaming is concerned. Disney+ closed its fiscal second quarter at 137.7 millions subscribers. This is 7.9 million more than a year ago, and higher than expected. After seeing these Disney+ numbers, investors were eager to know more. NetflixThe last month was marked by a drop in the number of paid subscribers, for more than ten years.

  • Disney’s fiscal 2nd-quarter revenues rose 23%, to $19.25billion helped by strong theme park sales. If not for some early terminations of licensing agreements that made more content streaming-ready, revenue would have grown to $1 billion. Disney posted adjusted earnings of $1.08 per Share.

5. After a larger-than-expected quarter loss and revenue misfortunes, Beyond Meat’s shares plummet

Beyond Meat’s founder, president, and CEO is Ethan Brown.

CNBC| CNBC

Beyond MeatPremarket shares fell 25% Thursday morning, after the manufacturer of plant-based alternatives to meat reported that it had received a report. wider-than-expected quarterly lossRevenue that was lower than expected. Company cited several areas as a reason for lower results. These included steeper discounts, cheaper international prices, and the introduction of plant-based jerky. This impacted heavily on the margins.

  • To calm investors, management stated the recently reported first quarter was the minimum point in 2022 for margins and that jerky production would be significantly more efficient by this year’s second half. Beyond Meat reiterated its full-year revenue projection of $560 to $620 millions.

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