Marketwatch, trending stocks, and more
U.S. stocks moved between small gains and losses around midday, with global central banks in focus!
Federal Reserve chairman Jerome Powell told Senate lawmakers Thursday that the Fed would likely raise interest rates again in the coming months.
Tweet on trending stocks
Marketwatch:
NRG Energy (NRG): The power stock was up around 4.7%
Darden (DRI): Shares were down around 1%
Paramount Global (PARA): shares slipped 1.6%.
Accenture (ACN): The stock fell 2.8%
Smith & Wesson (SWBI): reports earnings after the close.#StockToWatch #markets pic.twitter.com/rBpx0e7cx6— The_Journalbiz (@the_journalbiz) June 22, 2023
Factset chart on trending stocks
Given the economy continues growing modestly and inflation keeps subsiding, the central bank is likely “within a couple of rate hikes” from its peak interest rate, Powell said
Stocks to Watch Today are: NRG, Darden, Paramount Global, Accenture
NRG Energy (NRG): The power company’s stock was up around 4.7% after it promised greater investor returns, in a bid to win over shareholders amid pressure from activist Elliott Investment Management.
Darden (DRI): Shares were down around 1% after the parent company of Olive Garden reported quarterly earnings and said its chairman planned to retire.
Paramount Global (PARA): The company’s Simon & Schuster book-publishing unit, which is on the auction block, has attracted investor Richard Hurowitz as a bidder. The offer is backed by the Middle East’s Mubadala Investment. Paramount’s shares slipped 1.6%.
Accenture (ACN): The stock fell 2.8% in early trading after the professional services company said earnings fell short of expectations and tightened its earnings and sales forecasts for the fiscal year.
*Smith & Wesson Brands (SWBI): The firearms maker reports earnings after the close.
