Stocks 2022

- A + A NEW YORK/BENGALURU (May 20): US stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth. Nine of the 11 major S&P sectors advanced in morning trade. Energy was the top performer, up 2.2%, followed by healthcare and technology sectors. Microsoft Corp, Amazon.com and Apple Inc rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq. "Some traders are taking advantage of the price weakness, at least in the short term, to make some money. The real question is whether this will last by the end of the day," Sam Stovall, chief investment strategist at CFRA Research, said. "It is definitely going to be a traders' battle today. The market is trying to orchestrate at least a near-term relief rally, which is normal within bear market trends." Disappointing forecasts … [Read more...] about Wall St rises as growth stocks gain after two days of selloff

Key Takeaways Analysts estimate adjusted EPS of $0.87 vs. $1.32 in Q1 FY 2022. The number of customers contributing over $100,000 in 12-month trailing revenue is expected to rise YOY, but at a sharply slower pace than previous quarters. Revenue is expected to grow, but at a decelerating pace. Zoom Video Communications Inc. ( ZM ), which offers a video-first communications platform, saw its popularity soar during the past two years amid the COVID-19 pandemic. Earnings and revenue skyrocketed. But the company's growth has decelerated sharply in recent quarters as employees have begun to return to their offices. In this new environment, Zoom's biggest challenge is how to retain its base of large corporate customers, who are crucial to producing a steady, reliable revenue stream. Investors will be watching closely at how Zoom management plans to address these challenges when the company reports earnings on May 23, 2022 for Q1 FY 2023. The company's 2022 fiscal … [Read more...] about Zoom Q1 FY2023 Earnings Report Preview: What to Look For

RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) Governor Shaktikanta Das on May 17 and May 18 met heads of state-run and private banks to take a stock of credit growth and asset quality in the banking system in the wake of recent geopolitical developments, the central bank said. “In his introductory remarks, the Governor noted the key role played by the banks in supporting the economy throughout the pandemic,” the central bank said in a release on Wednesday. Das further stated that the banking sector has remained resilient and has continued to improve despite facing various headwinds. He also advised banks to remain watchful of the recent geopolitical developments and take mitigating measures proactively including raising capital for ensuring that the potential impact on their balance sheets is minimised. Governor Das also urged banks to pay specific attention to further improving their grievance redress systems and continue to provide the necessary support … [Read more...] about RBI Governor meets bank chiefs to discuss credit growth, asset quality