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PKX $43.36 Posco says Q3 profit hit by typhoon damage
Decreased 4.5%- Mortgage Applications in fourth month of decline as interest rates keep rising, lowest level since 1997
7:00 AM
https://www.calculatedriskblog.com/2022/10/mba-mortgage-applications-decrease-in_01973588703.html
PG $128.37 Proctor & Gamble tops earnings expectations as higher pricing helps
offset FX drag
^WGO $60.19 Winnebago EPS of $3.02 beats by $0.30 rev beats by $70M
BKR $24.18 Baker Hughes EPS of $0 26 beats by $0.01, rev misses by $60M
Stocks Waver with Earnings and Inflation in Focus
https://www.bloomberg.com/news/articles/2022-10-18/asia-set-for-mixed-open-after-us-extends-rebound-markets-wrap?leadSource=uverify%20wall
MTB $189.36 M&T Bank, misses on EPS ad revenue
https://finance.yahoo.com/news/m-t-bank-corporation-announces-101100692.html
GNRC $147.74 Generac stock slumps 10% on full-year guidance
Portion Of Mississippi River Closes Again As Drought Crisis Worsens
BY TYLER DURDEN
TUESDAY, OCT 18, 2022 - 10:40 PM
Supply chains across the Midwest face significant constraints as a portion of the Mississippi River is closed again.
Bloomberg reported a stretch of the Mississippi River, about 125 miles northeast of Memphis, near Hickman, Kentucky, closed Monday as water levels continue to plunge.
Dredging operations began in the afternoon to clear debris from the waterway. The US Coast Guard said three vessels and 51 barges were waiting in the line at Hickman.
cont
https://www.zerohedge.com/weather/portion-mississippi-river-closes-again-drought-crisis-worsens
Update, now RED...crazy day ahead
Futures hanging onto a little green, but much lower than earlier
Morning, too cold and windy! But, the warmer weather is on its way
back for awhile.
Hope all went well, got back home, and all is good?
Ruff day here, not planned or wanted either.
Certainly glad this is not one of so many dang
scheduled appointment days.
Three more coming up, geez Louise!
Pray for a pain-free day fits.
Keep that moving, moving let's giddy-up! Just want a wee bit
more
Dow over 600 now, flying
Goldman CEO David Solomon say's there a good chance of a recession
and so it's time to be cautious
(You think?)
October 18, 7:44 am
Goldman Sachs CEO David Solomon warned Tuesday that the U.S. economy might be headed for a downturn that could make investing and business decisions more difficult.
“I think it’s a time to be cautious, and I think that if you’re running a risk-based business, it’s a time to think more cautiously about your risk box, your risk appetite,” Solomon said during a live interview on CNBC’s “Squawk Box.
hink you have to expect that there’s more volatility on the horizon now. That doesn’t mean for sure that we have a really difficult economic scenario. But on the distribution of outcomes, there’s a good chance that we have a recession in the United States,” he added.
Solomon spoke just minutes after this company released third-quarter earnings results that topped analyst expectations for both profit and revenue. That reports comes at an important time for the company as it prepares another Solomon spoke just minutes after this company released third-quarter earnings results that topped analyst expectations for both profit and revenue. That reports comes at an important time for the company as it prepares another reorganization, this time combining the Wall Street giant’s four main businesses into three.
Reorganizing the company and streamlining the businesses reflects “the evolution of this one-Goldman Sachs ethos” that he said will help the bank service clients better.
cont
https://www.cnbc.com/2022/10/18/goldman-ceo-david-solomon-says-theres-a-good-chance-of-a-recession-and-so-its-time-to-be-cautious.html
DOW is up over 500, Nasdaq adds 2%stocks look to continue comeback
https://www.cnbc.com/2022/10/17/stock-futures-rise-after-nasdaq-notches-best-day-since-july-.html
CNBC- Stocks making the biggest moves premarket:
Johhnson & Johnson, Goldman Sachs, fuboTV and more
Johnson & Johnson shares rose 1.4% in the premarket after beating top and bottom line estimates for the third quarter, helped by growth in pharmaceutical sales. J&J did narrow its earnings outlook, as it maintains caution due to the impact of a strong U.S. dollar.
Hasbro
(HAS) – The toymaker reported adjusted quarterly profit of $1.42 per share, falling 10 cents shy of Street forecasts, with revenue matching estimates. Hasbro had cut its sales forecast earlier this month, noting increased consumer sensitivity to higher prices. Hasbro slid 3.5% in premarket trading.
Goldman Sachs
(GS) – Goldman earned $8.25 per share for the third quarter beating the $7.69 consensus, revenue topped forecasts, up 2.3% pre
cont
https://www.cnbc.com/2022/10/18/stocks-making-the-biggest-moves-premarket-johnson-johnson-goldman-sachs-fubotv-and-more.html
Good Morning Lady~
Thanks for the post. Had seen news
about it, but not posted yet.
Yes, is a BUZZKILL!
Have a Good Day, it turned too cold for me here, brrr this morning,
and did not want to get out of bed!!!
More coffee needed....brrrr
LMT Lockheed authorized additional 14 billion share buy back- reports
Q3 EPS $6.71 vs $2.21 a year ago , consensus $6.57
Sales beat also
HAS $67.71 Hasbro Q3 profit roughly halves to lag estimates. inflation
hits consumers, down 3% premarket 6:49 am
,
Premarket Movers: Polaris, Cognex, Antero Resources
7:30 am
https://www.marketwatch.com/articles/premarket-movers-polaris-cognex-antero-resources-01666092625?mod=newsviewer_click_realtime&tesla=y
MLI $60.11 Mueller Industries posts lower 3Qsales
https://finance.yahoo.com/news/mueller-industries-inc-reports-third-110000336.html
Boooooooooo you! Taking family choices now?
GS Goldman Sachs EPS and revenue beats estimates
$166.59 Johnson & Johnson beats sales estimates on pharma strength
J&J is the first drugmaker and medical devices firm to report third-quarter earnings
https://www.foxbusiness.com/markets/johnson-johnson-beats-sales-estimates-pharma-strength
CONN $8.11 Conn's sees Q3 revenue down 21-23%--CEO Holt resigns after 14
months at position
chart
https://finviz.com/quote.ashx?t=CONN&ty=c&ta=1&p=d
Lilly to acquire Akouos AKUS $7.01 to discover and development treatments
for hearing loss
6:50 am
LLY
+0.41%
Proposed acquisition will accelerate gene therapies that aim to restore, improve, and preserve hearing for patients living with disabling hearing loss worldwide
Transaction valued at approximately $487 million plus a contingent value right for an aggregate amount up to approximately $610 million
INDIANAPOLIS and BOSTON, Oct. 18, 2022 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) and Akouos, Inc. (NASDAQ: AKUS) today announced a definitive agreement for Lilly to acquire Akouos, a precision genetic medicine company that is developing a portfolio of first-in-class adeno-associated viral gene therapies for the treatment of inner ear conditions, including sensorineural hearing loss.
"We are honored to work with the talented team at Akouos who are breaking new ground in the science of treating hearing loss," said Andrew C. Adams, Ph.D., senior vice president of genetic medicine and co-director of the Institute for Genetic Medicine, Lilly. "We believe that with Lilly's resources, global reach, and growing capabilities in gene therapy, we can help Akouos fulfill their mission of making healthy hearing available to all."
Akouos has integrated expertise across otology, inner ear drug delivery, and gene therapy with the goal of addressing the needs of people living with disabling hearing loss worldwide. Akouos's lead product candidate, AK-OTOF, is a gene therapy for the treatment of hearing loss due to mutations in the otoferlin gene (OTOF). Additional pipeline programs span across multiple inner ear conditions, and include AK-CLRN1 for Usher Type 3A, an autosomal recessive disorder characterized by progressive loss of both hearing and vision; GJB2 (which encodes connexin 26) for a common form of monogenic deafness and hearing loss; and AK-antiVEGF for the treatment of vestibular schwannoma.
"I am proud of the commitment and passion of our team, which has established Akouos as a pioneer in inner ear genetic medicine, as demonstrated by our work to advance the first investigational therapy for a genetic form of hearing loss into clinical development," said Emmanuel Simons, Ph.D., M.B.A., co-founder, president, and chief executive officer of Akouos. "Joining Lilly – a company that shares our purpose to make life better for people around the world – will help us accelerate the development of a broad pipeline of inner ear genetic medicines."
Under the terms of the transaction, Lilly will acquire all of the outstanding shares of Akouos for $12.50 per share in cash, plus one contingent value right (CVR) of up to $3.00 per share. The deal has been approved by the boards of directors of both companies.
"Gene therapy offers tremendous opportunity to provide durable treatments for patients with genetically defined disease; this is our second acquisition in gene therapy, following the 2021 acquisition of Prevail Therapeutics," added Daniel Skovronsky, M.D., Ph.D., Lilly's chief scientific and medical officer, and president of Lilly Research Laboratories. "With Akouos, we are optimistic that we can make a difference for people with hearing loss and other inner ear conditions."
Terms of the Agreement
Lilly will commence a tender offer to acquire all outstanding shares of Akouos for a purchase price of $12.50 per share in cash (an aggregate of approximately $487 million) payable at closing plus one non-tradeable contingent value right per share ("CVR") that entitles the holder to receive up to an additional $3.00 in cash, for a total consideration of up to $15.50 per share in cash without interest (an aggregate of up to approximately $610 million).
more https://finance.yahoo.com/news/lilly-acquire-akouos-discover-develop-105000897.html
I'm late, my first cup of coffee too! Finally some rain here, but sleet also,
the temp is 38. Stayed under covers....
Good Night, I'm a tired Nanna, I need to watch TV for awhile~~
You see those Jayhawks games on the IU posts I made?
(Family be a jumping)
Good deal! Missed that, been bopping around everywhere...
Indiana Ranked 13th in Preseason AP Poll
https://iuhoosiers.com/news/2022/10/17/mens-basketball-indiana-ranked-13th-in-preseason-ap-poll
PRESEASON ASSOCIATED PRESS POLL
1. North Carolina*
2. Gonzaga
3. Houston
4. Kentucky
t-5. Baylor
t-5. Kansas*
7. Duke
8. UCLA
9. Creighton
10. Arkansas
11. Tennessee
12. Texas
13. INDIANA
14. TCU
15. Auburn
16. Villanova
17. Arizona*
18. Virginia
19. San Diego State
20. Alabama
21. Oregon
22. Michigan*
23. Illinois*
24. Dayton
25. Texas Tech
*2022-23 Indiana opponents
2022-2023 IU Men's Basketball Schedule
https://iuhoosiers.com/sports/mens-basketball/schedule/2022-23
Going to be a bad bad winter. You prepared already up there?
Apartment living~
NO generators to get ready
NO pellet stove to fill and clean
NO pool tarp to get water and snow off
NO salt and shoveling needed
more, more, more
AR<>Monday Links: the market for used companies
October 17th, 2022
(read a few already)
https://abnormalreturns.com/2022/10/17/monday-links-the-market-for-used-companies/
[Rare coin sells for $4.2 million
The Walton 1913 Liberty Head nickel previously sold at auction for over $3 million
I WANT ONE OF THOSE!
https://www.foxbusiness.com/lifestyle/rare-coin-sells-for-4-2-million
Mish<>Renters Surpass Homeowners in 41% of Zip Codes in
the 50 largest U.S. Cities
Renting is at the highest level in half a century, with 43.7 million households renting. Population-adjusted numbers are another matter. But what does it mean?
We have not seen downturns like this outside of recessions
$13.28<>Iron giant VALE Beats Production Estimate in New Blow to Prices
Oct 17th, 5:51 pm
https://www.bloomberg.com/news/articles/2022-10-17/iron-giant-vale-beats-production-estimate-in-new-blow-to-prices?srnd=markets-vp
(Brings lots of memories SL played these options in chat often, and right before expire)
Her family was from there originally, and she had played it so often knew its movements.
chart https://finviz.com/quote.ashx?t=VALE&p=d