JPMorgan Flips The Recession Switch; Tyson’s Chicken Dance

JPMorgan Flips the Recession Switch: U.S. Economy Keeps Disco Grooving, Economists Change Tune

JPMorgan’s economic maestros have pulled a dazzling move on us all – they’re no longer predicting a gloomy U.S. recession this year. The economy’s got its dance shoes on and is strutting its stuff with a snazzy rhythm.

In a note that probably read like an upbeat melody, the economists admitted that they were skeptical that the party’s ending any time soon.

But don’t stash away those recession-risk umbrellas just yet, folks! The economists warned that the risk of an economic rain dance is still lurking in the shadows. They pointed at a potential plot twist: if the Fed decides to surprise us with more rate hikes, a real shocker could be in store. It’s like waiting for a bonus track to drop after the main album.

They traded their “Recession Right Around the Corner” sign for a new one: “Recession Risks Are Chillin’ for Next Year.”

And for an encore prediction, JPMorgan sees the Fed busting out the rate-cutting moves in the third quarter of the next year. Time to limber up those interest rates, it seems!

Warner Bros Discovery, KKR, Cinemark rise premarket; Tyson Foods, Yellow Corp fall

U.S. futures edged higher Monday, starting a new week, which includes the release of key inflation data as well as more corporate earnings, on a positive note.

Here are some of the biggest premarket U.S. stock movers today:

• Apple (NASDAQ:AAPL) stock rose 0.3%, bouncing after Friday’s sharp losses, following its disappointing iPhone sales report, even after Rosenblatt downgraded the tech giant to ‘neutral’ from ‘buy’.
• Warner Bros. Discovery (NASDAQ:WBD) rose 1.1%, helped by its role as distributor of the movie “Barbie”, which has raked in over $1 billion in ticket sales worldwide just 17 days after its debut.
• Tyson Foods (NYSE:TSN) stock slumped 7% after the meat packer missed expectations for third quarter revenue, as customers scaled back on meat purchases in the face of still high inflation.
• KKR (NYSE:KKR) stock rose 1.7% after the private equity firm reported a 23% drop in second quarter earnings, a smaller drop than expected.
• Sovos Brands (NASDAQ:SOVO) rose 25% after Campbell Soup (NYSE:CPB), down 1.7%, said it would buy the food company for $2.33B.
• Berkshire Hathaway (NYSE:BRKa) stock rose 1.6% after the Warren Buffett-led conglomerate posted its highest ever quarterly operating profit.
• Yellow Corp. (NASDAQ:YELL) stock slumped over 40% after the U.S. trucking firm filed for Chapter 11 bankruptcy protection, burdened with a heavy debt load after a series of mergers.
• Cinemark (NYSE:CNK) stock rose 0.9% after Morgan Stanley) said the combined revenue boost of the “Barbie” and “Oppenheimer” films could boost the movie chain’s stock by more than 35%. The bank maintains its “overweight” rating.

(Source: Investing.com)

Tyson’s Chicken Dance: Misses Wall Street’s Beat, Closes Coop Doors, Shares Do the Slide

Tyson Foods just did the limbo under Wall Street’s revenue and profit expectations in the third quarter. Ouch! They blame it on the chicken and pork prices taking a nosedive, and even their beef products are feeling the slowdown blues.

In an effort to tighten the purse strings, Tyson Foods is going all Marie Kondo and decluttering by shutting down four more U.S. chicken plants. Guess what? The market’s not thrilled, and their shares are playing the “downward dog” pose, dipping nearly 6% before the market’s morning coffee break.

Stock Analysis

First Financial Northwest: Where Banking Takes on a Seattle Swagger!

Let’s dive into the financial world’s Emerald City – First Financial Northwest, Inc. (Nasdaq:FFNW) is the puppet master behind the curtain of First Financial Northwest Bank, the cool cats providing banking magic in Washington. With 16 locations in the hip Greater Seattle area and a whopping USD 1.5 billion in assets (they’re basically the financial superheroes of the Pacific Northwest).

But hold on, we’ve got some other players on the stage: meet Provident Financial Holdings, Inc. (Nasdaq:PROV) and Riverview Bancorp, Inc. (Nasdaq:RVSB), the supporting actors in this fiscal drama.

In this battle of the banking bands, First Financial Northwest is belting out some impressive tunes. Picture this: they’ve got bigger earnings per share and they’re dancing with quarterly revenue growth that makes Wall Street do a double take. It’s like they’re jiving to a different rhythm, outshining both Provident Financial Holdings and Riverview Bancorp.

And oh boy, their financial outfit is haute couture! First Financial Northwest is strutting its stuff with a more delicious price to earnings ratio, a profit margin that’s giving other banks FOMO, and a return on equity that’s like a mic drop moment. When it comes to the money game, they’re acing it in terms of revenue and net income compared to Provident Financial Holdings. They’re basically the MVPs of the fiscal arena.

So, if you’re a shareholder, you’ve hit the jackpot with their impressive earnings show. And that 3.5% yield they’re serving? It’s like the cherry on top of an already scrumptious financial sundae.

It’s Monday, and you know what that means – a fresh start to conquer the financial galaxy! 💰🌌 Let’s turn those Monday blues into GREENS, as we embark on another week of investment adventures. 📊🔥 Whether you’re a Wall Street wizard or just starting your stock market journey, remember: every investment is like planting a seed of financial awesomeness. 🌱💸 So, grab your coffee (or whatever fuels your genius), put on your ‘I’m-ready-to-dominate’ hat, and let’s make this week the stuff of investing legends!