Cuts

Jim Cramer Says Earnings Estimate Cuts Will Form an Investable Bottom; Here Are 3 ‘Strong Buy’ Stocks That Are Already Down 50%

Jim Cramer Says Earnings Estimate Cuts Will Form an Investable Bottom; Here Are 3 ‘Strong Buy’ Stocks That Are Already Down 50%

As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and …

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The Winnebago factory in Lake Mills.

Winnebago Industries reports record earnings, production cuts

In a sign of a looming economic downturn, Winnebago Industries’ top executive said Wednesday that the company will slow production for the rest of the year — even as it reported record quarterly earnings. “We have identified certain days or weeks that we will be taking off or down, through especially the summer months,” CEO …

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Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

Anticipating U.S. downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his …

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Stocks Jump; Tesla Cuts Jobs, Kellogg Pops On Breakup

Stocks Jump; Tesla Cuts Jobs, Kellogg Pops On Breakup

Dow Jones rose strongly in morning trade, along with the S&P 500 and Nasdaq composite, signaling a market rebound after the major indexes tumbled last week to their worst levels since late 2020. Treasury yields and crude oil futures rose, while Bitcoin rebounded from a sharp weekend plunge. X Tesla (TSLA), Li Auto (LI), homebuilder …

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