Palo Alto Networks (PANW) stock rose more than 14% early Monday after the company's fourth quarter results topped Wall Street expectations, despite fears the company was planning to bury bad news with a Friday night earnings report.
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Equities have pulled back from their late July highs, though the Q2 reporting season has been solid.
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Walmart and Target have weathered many of the same challenges in the post-pandemic economy, from excess inventory to inflation-squeezed customers. But Q2 earnings released this week show their paths diverging to some degree.
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Recent retail sales data figures have been mixed, but corporate executives are optimistic about the state of the consumer.
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Interactive Brokers Chief Strategist Steve Sosnick, Wall Street Horizon VP of Research Christine Short, and Freedom Capital Markets Chief Global Strategist Jay Woods, joined Yahoo Finance Live to explain what their charts show.
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At a moment for investors in which consensus feels particularly elusive, our Chartbook is in keeping with the times.
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This is the final peak week of Q2 earnings season with nearly 3,000 companies expected to report.
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The S&P 500’s Q2 EPS beat rate has been impressive, but overall corporate earnings growth trends are less sanguine.
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