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Top Stock Market News For Today May 9, 2022 |

Should this be the case, it would mark a slight slowdown from the 8.5% increase seen in March.

Nevertheless, there remain plenty of macroeconomic factors weighing in on markets now as well.

Dent goes on to say, “I also think part of what’s going on is, markets may have focused a little too much on Chair Powell’s comments on Wednesday pushing back against 75 basis point hikes and missed the broader point of the meeting, which was that the Fed is still very much in a mode that whatever it takes to get inflation under control, I think they are prepared to hike rates to a very constrictive level.” Aside from all this, investors also have another notable week of earnings ahead as well.

Despite losing most of its gains from this, investors looking to bet on the return of movie screenings would be considering AMC stock now.

As it stands, Wall Street is currently guiding for a loss per share of $0.68 on revenue of $736.2 million.

The likes of which include a vast total addressable market ranging from small businesses to consumers looking to make personal loans.

Diving in, current forecasts point towards the company seeing an earnings per share of $0.53 alongside revenue of $300.13 million.

As of last week, the company is now working with Firstmark Credit, the oldest state-chartered credit union in San Antonio, Texas.

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According to a Reuters report, activist investor Dan Loeb’s Third Point LLC is increasing its $750 million stake in Shell , renewable energy, and marketing businesses.

According to a letter from Third Point, “This move allows greater flexibility to modify its portfolio and allows for a more efficient return of capital, specifically via share repurchases.” Not to mention, the firm also highlights the growing demand for secure energy sources in Europe amidst geopolitical conflicts.

Alternatively, for those keen on earnings calls after today’s market close, there are plenty of firms to consider as well.

Prices of penny stocks, cryptocurrencies and other financial instruments are extremely volatile and may be affected by external factors such as financial, promotion, regulatory and political events.

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