Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) shares declined 3.8% to $165.49 following fourth-quarter results. AMD reported fourth-quarter non-GAAP earnings per share of 77 cents per share on revenue of $6.17 billion. AMD shares dipped 3.8% to $165.49 on Wednesday.
In any stock, exchange-traded fund (ETF) or mutual fund prospectus, an investor is likely to come across the phrase "past performance is no guarantee of future results.” You should never assume that an investment will continue to perform well just because it's done so in the past.
Most of 2022 was bad for real estate investment trusts (REITs), particularly the hotel REIT subsector, as inflation, Federal Reserve rate hikes, hurricanes, airline delays and the threat of a recession provided headwinds for the group. Several hotel REITs lost as much as 40% to 50% of their value throughout the year.
Companies Reporting Before The Bell • TG Therapeutics (NASDAQ:TGTX) is estimated to report quarterly loss at $0.37 per share on revenue of $3.38 million.
U.S. stocks traded mostly flat midway through trading, following the release of economic data. The Dow traded up 0.01% to 33,890.03 while the NASDAQ fell 0.18% to 12,101.34. The S&P 500, also fell, dropping, 0.11% to 4,133.25.
When it comes to choosing stocks that will outperform over the short or long term, investors can compare the relative strength of an individual stock or sector to other stocks or the benchmark index to assess the likelihood of ongoing good performance.
The carnage in the real estate investment trust sector continues as new names hit new 52-week lows. The effect of rising interest rates is hitting the group hard and it’s not clear when the Fed might “pivot” to lower rates – late 2023, early 2024? In the meantime, these rate-sensitive REITs are not attracting buyers the way they used to.
With investors speculating about what steps the central bank might take, it’s clear that the UK’s turbulence is far from over. So, let’s take a look at the market winners and losers that are likely to emerge along the way.
REITs joined the rest of the stock market last week in the steady selling of shares as investors began to anticipate the effects of higher interest rates. These five sold off the most and are worth watching ahead of Wednesday’s Federal Open Market Committee meeting where rate hikes may be announced.
