Markets collapse - Dow down 3.5% in single day

Althea said:
[FONT="]Walmart reported a 25 percent drop in profits to [COLOR=#ff0000]$2.1 billion[/COLOR] for the quarter ending April 30. That translated into $1.30 per share, below the $1.48 expected by analysts.[/FONT][/COLOR]
[COLOR=#1D2228][FONT="]Revenues rose 2.4 percent to $141.6 billion.[/FONT]
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so what you are saying is that although sales are up, profits are down......seems logical given conditions......
 
Althea said:
The Fed poured billions into the market during Covid. People were losing jobs, not paying rent, and having a hard time feeding children, but corporations needed money for dividend hikes and share buybacks.

Now the the Fed dumped the corporate bonds, the market is leveling out. In essence, the fantasy is over. I don't think it's the bottom yet. I'm waiting a little longer to start buying.
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A little reality usually helps.
 
floridafan said:
I dont expect you to know anything about the stock market, but one would think you would have some meager abilities with math. In your example above the difference between $1.48 in earnings and $1.30 is not anywhere close to 25%. Try instead 12%. .
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that would assume that share value was a constant.....
 
martin said:
A little reality usually helps.
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Here is a bit of that reality:

Shell made $9.1bn in profit from January to March, almost three times what it made in the same period last year, while Exxon raked in $8.8bn, also a near threefold increase on 2021.

Chevron upped its profits to $6.5bn and BP reveled in its highest first-quarter profits in a decade, making $6.2bn. Coterra Energy, a Texas-based firm, had the largest relative windfall of the 28 companies, with a 449% increase in profits on last year, to $818m.

The rocketing profits, at a time when inflation has surged in many countries, has prompted several of the companies to return billions of dollars to shareholders via share buybacks and dividends.
 
dukkha said:
How long will gas prices be so high?

Waldenback said there is no ceiling, but it's certainly possible for the national average to go above $5 at some point this year.

"If we're saying the situation is like it is now, then I still think we're going to see fairly high prices for possibly the entire year and possibly longer," he said.

prices later this week could be closer to $5 per gallon than $4, as demand continues to edge higher and inventories of both gasoline and diesel continue to decline, temperatures warm and motorists get back outside and we near the Memorial Day weekend, the start of the summer driving season," De Haan said. "There isn’t much reason to be optimistic that we’ll see a plunge any time soon."
https://www.usatoday.com/story/money/2022/05/17/why-gas-prices-continue-rise-record/9798086002/
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Gas prices will be above $5 almost certainly by the end of June, and they wont be going back to what we had...cheap energy, like cheap food, is over.

Current AAA figure is $4.57, already closer to 5 than to 4.
 
floridafan said:
I doubt you have the ability to look that up, ask your handlers for help
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uh, don't you think its relevant to the thread?.....if you make 2% profit on $100M in sales but only 1.5% profit on a record $200M in sales you are still going to have record profits even though the rate of profit is down.......
 
Hawkeye10 said:
Gas prices will be above $5 almost certainly by the end of June, and they wont be going back to what we had...cheap energy, like cheap food, is over.

Current AAA figure is $4.57, already closer to 5 than to 4.
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I disagree......Barack H. Obama had higher prices than Donald J. Trump.......the next president will have lower prices than Carter J. O'Biden.......
 
PostmodernProphet said:
uh, don't you think its relevant to the thread?.....if you make 2% profit on $100M in sales but only 1.5% profit on a record $200M in sales you are still going to have record profits even though the rate of profit is down.......
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In relation to the oil companies, can you prove that is right, or just more of your make believe.
 
floridafan said:
I dont expect you to know anything about the stock market, but one would think you would have some meager abilities with math. In your example above the difference between $1.48 in earnings and $1.30 is not anywhere close to 25%. Try instead 12%.

I shouldn't really blame you, since you just post whatever your handlers give you, without a single thought of its accuracy.
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You know, you have a history of being a complete moron on this board.

If you had a half of a brain you would understand that once again, you are attacking someone who is agreeing with you.

I think you should just kill yourself and end your misery.
 
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