Russia reportedly is opening the door to negotiations, sparking a broad-based rally Friday that saw all 11 sectors finish well in the green.
They also don't lose much business in Russia and the Ukraine relative to overall revenues," he says. In its fiscal third-quarter, the athletic apparel retailer reported adjusted earnings of $1.67 per share on $2.34 billion in revenue, higher than the $1.44 per share and $2.33 billion expected by analysts. For the three-month period, ETSY brought in earnings of $1.11 per share on $717 million. These picks broadly feature conservative payout ratios, stronger balance sheets and business models that generate predictable cash flow, meaning their dividends aren't just generous … they're sustainable over the long haul. These 12 stocks represent some of our best ideas in the broader sector, though specific industries such as cybersecurity are becoming a trendy pick. The S&P 500 (+2.2% to 4,384) and Nasdaq Composite (+1.6% to 13,694) also posted sizable gains, putting both indexes into positive territory for the week. - Etsy (ETSY) stock soared 16.2% after the online marketplace reported top- and bottom-line beats in its fourth-quarter. "ETSY is one of few names surviving the pandemic online bubble with initiatives to drive top line at core brand and the subs," says Needham analyst Anna Andreeva, who reiterated a Buy rating on the retail stock. However, FL also warned that revenue will likely be down between 4% and 6% and same-store sales will contract 8% to 10% in fiscal 2022. "The strong consumer numbers come at a time when many economists were worried about an economy that was weaning itself of government stimulus in the latter part of 2021, and whether the consumer would be able to carry the torch in 2022," says Peter Essele, head of portfolio management for Commonwealth Financial Network. On Friday, Russian troops reportedly were closing in on the Ukrainian capital of Kyiv. Yet on the same day, the Kremlin said Russian President Vladimir Putin had agreed to send a delegation to the Belarusian capital of Minsk to negotiate with Ukraine. News about the conflict in Eastern Europe was contradictory as the trading week came to a close, but markets surged as Wall Street grasped for good news.
But that doesn't mean you can't or shouldn't invest broadly in stocks. In fact, when the market is volatile, broad market ETFs, or exchange-traded funds, can be ...
Investors are relieved Russia avoided some of the harshest sanctions, but Wall Street has been alarmed by the speed at which Russia has overwhelmed Ukraine. Our ...
"We reviewed how the Russian invasion has increased concerns among oil market participants against the backdrop of already tight global markets and heightened price volatility," IEA Executive Director Fatih Birol said. "We discussed options the IEA could take over the coming days and weeks." President Joe Biden has said US officials are discussing with other nations another coordinated release of oil from emergency reserves.