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May 25, 2022, 10:07 a.m. EDT

Here’s the signal for investors from the deep pessimism of Bill Ackman and George Soros

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By Barbara Kollmeyer

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The buzz

Investors will be looking for interest-rate clues from the Fed minutes of the May 3-4 meeting due at 2 p.m. Eastern. Ahead of that, data showed U.S. durable goods orders for April falling short of expectations. New Zealand’s central bank lifted its benchmark interest rate by 50 basis points a second straight time.

At Davos, Pfizer /zigman2/quotes/202877789/composite PFE +0.22% announced plans to provide low-cost medicines, including its COVID-19 vaccine and treatment, at cheaper prices for poorest countries.

Wendy’s stock /zigman2/quotes/204070192/composite WEN +0.61% is surging after Nelson Peltz’s activist hedge fund Trian Partners disclosed plans for a possible sale of the burger chain .

It could be a tense annual shareholder meeting for Twitter /zigman2/quotes/203180645/composite TWTR -0.22% , as Snap’s /zigman2/quotes/205087158/composite SNAP +3.02% painful warning took another bite out of shares, costing acquirer Elon Musk more than $1 billion.

Read: CEO who wants his company to be the Toyota of rocket launchers says losing two-thirds of its value won’t change strategy

Lyft /zigman2/quotes/208999293/composite LYFT +0.26% has slowed hiring, cutting budgets and taking other actions as its stock hovers near an all-time low.

TV personality and entrepreneur Kim Kardashian will become Beyond Meat’s /zigman2/quotes/211617595/composite BYND +0.36% first chief taste consultant.

Russia is moving closer to default as a U.S. government sanctions waiver is set to expire Wednesday. 

The quote

“This only happens in this country and nowhere else.” —- That was Sen. Chris Murphy, the lawmaker who representing Newton, Connecticut during the Sandy Hook school massacre nearly ten years ago, begging his colleagues to act on gun violence as the death toll from Tuesday’s Ulvade, Texas school shooting reaches 21. Golden State Warriors coach Steve Kerr lambasted “50 senators who refuse to vote” on legislation , and President Joe Biden called for more legislation.

The markets

U.S. stocks /zigman2/quotes/210598065/realtime DJIA +0.71% /zigman2/quotes/210599714/realtime SPX +0.19% /zigman2/quotes/210598365/realtime COMP -0.19% are struggling for traction , as bond yields /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +0.71% /zigman2/quotes/211347045/realtime BX:TMUBMUSD02Y +2.11% slip. Gold /zigman2/quotes/210034565/delayed GC00 -0.02% is down as the dollar /zigman2/quotes/210598269/delayed DXY -0.03% rises, and oil /zigman2/quotes/209723049/delayed CL00 +0.08% is up. Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.09% is just under $30,000.

The chart

The tickers

These were the top-traded tickers on MarketWatch as of 6 a.m. Eastern TIme.:

Tickers Security name
/zigman2/quotes/203558040/composite TSLA Tesla
/zigman2/quotes/203755179/composite GME GameStop
/zigman2/quotes/200235402/composite AMC AMC Entertainment
/zigman2/quotes/202934861/composite AAPL Apple
/zigman2/quotes/204905836/composite NIO NIO
/zigman2/quotes/203180645/composite TWTR Twitter
/zigman2/quotes/210331248/composite AMZN Amazon
/zigman2/quotes/205087158/composite SNAP Snap

Random reads

AI is bringing missing-persons’ posters to life .

In Davos, Ukraine commandeers Russia’s former party hub

Also at Davos, the cryptocurrency party is full on

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/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 49.86
+0.11 +0.22%
Volume: 12.87M
Aug. 16, 2022 4:04p
P/E Ratio
9.76
Dividend Yield
3.21%
Market Cap
$279.14 billion
Rev. per Employee
$1.28M
loading...
/zigman2/quotes/204070192/composite
US : U.S.: Nasdaq
$ 21.29
+0.13 +0.61%
Volume: 1.65M
Aug. 16, 2022 4:00p
P/E Ratio
26.14
Dividend Yield
2.33%
Market Cap
$4.53 billion
Rev. per Employee
$135,854
loading...
/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 44.40
-0.10 -0.22%
Volume: 7.92M
Aug. 16, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$34.05 billion
Rev. per Employee
$697,157
loading...
/zigman2/quotes/205087158/composite
US : U.S.: NYSE
$ 12.61
+0.37 +3.02%
Volume: 67.36M
Aug. 16, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.18 billion
Rev. per Employee
$801,800
loading...
/zigman2/quotes/208999293/composite
US : U.S.: Nasdaq
$ 19.34
+0.05 +0.26%
Volume: 9.51M
Aug. 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.80 billion
Rev. per Employee
$831,049
loading...
/zigman2/quotes/211617595/composite
US : U.S.: Nasdaq
$ 35.83
+0.13 +0.36%
Volume: 3.83M
Aug. 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.27 billion
Rev. per Employee
$326,712
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,152.01
+239.57 +0.71%
Volume: 320.97M
Aug. 16, 2022 5:48p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,305.20
+8.06 +0.19%
Volume: 2.22B
Aug. 16, 2022 5:48p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,102.55
-25.50 -0.19%
Volume: 5.04B
Aug. 16, 2022 5:16p
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
2.81
+0.02 +0.71%
Volume: 0.00
Aug. 16, 2022 9:53p
loading...
/zigman2/quotes/211347045/realtime
add Add to watchlist BX:TMUBMUSD02Y
BX : Tullett Prebon
3.25
+0.07 +2.11%
Volume: 0.00
Aug. 16, 2022 9:53p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,789.30
-0.40 -0.02%
Volume: 4,474
Aug. 16, 2022 9:43p
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/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
106.47
-0.03 -0.03%
Volume: 0.00
Aug. 16, 2022 9:43p
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 86.60
+0.07 +0.08%
Volume: 6,238
Aug. 16, 2022 9:43p
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/zigman2/quotes/31322028/realtime
US : CoinDesk
23,951.71
-20.86 -0.09%
Volume: 0.00
Aug. 16, 2022 9:52p
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 919.69
-8.27 -0.89%
Volume: 29.38M
Aug. 16, 2022 4:00p
P/E Ratio
110.77
Dividend Yield
N/A
Market Cap
$969.24 billion
Rev. per Employee
$676,463
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/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 42.19
+2.51 +6.33%
Volume: 23.60M
Aug. 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$12.08 billion
Rev. per Employee
$509,358
loading...
/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 24.81
+0.60 +2.48%
Volume: 72.30M
Aug. 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$12.51 billion
Rev. per Employee
$124,591
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 173.03
-0.16 -0.09%
Volume: 56.38M
Aug. 16, 2022 4:00p
P/E Ratio
28.59
Dividend Yield
0.53%
Market Cap
$2783.29 billion
Rev. per Employee
$2.52M
loading...
/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 20.91
-0.39 -1.83%
Volume: 32.10M
Aug. 16, 2022 4:05p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.16 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 44.40
-0.10 -0.22%
Volume: 7.92M
Aug. 16, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$34.05 billion
Rev. per Employee
$697,157
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 144.78
+1.60 +1.12%
Volume: 59.10M
Aug. 16, 2022 4:00p
P/E Ratio
129.57
Dividend Yield
N/A
Market Cap
$1458.65 billion
Rev. per Employee
$302,178
loading...
/zigman2/quotes/205087158/composite
US : U.S.: NYSE
$ 12.61
+0.37 +3.02%
Volume: 67.36M
Aug. 16, 2022 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.18 billion
Rev. per Employee
$801,800
loading...

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