Our PureVest Weekly Roundup reviewed the latest GDP report, which indicated that the economy grew at a rate of 4.9% for the third quarter. After three weeks of failed votes, the Republicans announced that Mike Johnson would be the new House Speaker. Although the market reaction was mixed, big tech companies reported solid earnings earlier this week. New home sales surged to a 19-month high; more buyers are flocking to new construction homes amid low inventory levels of existing homes. As we navigate through the heart of earnings season, we’ve added three articles to help you understand the important aspects to watch when companies report: earnings reports, earnings calls, and earnings guidance. Enjoy the light reading, and have a great weekend!
Markets & Economy:
U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
source:www.cnbc.com
Five dilemmas new House speaker Mike Johnson will have to tackle
source:www.foxnews.com
Amazon’s profit margin nears record after CEO Andy Jassy’s dramatic cost-cutting efforts
source:www.cnbc.com
Microsoft ticks up on faster cloud growth and hopeful revenue forecast
source:www.cnbc.com
Facebook-parent Meta beats revenue estimates on digital ad strength
source:www.reuters.com
US new home sales scale 19-month high as median price drops
source:www.reuters.com
Social Security may affect workers differently in 2024. Here are 3 key things to keep in mind
source:www.cnbc.com
Education:
What Is an Earnings Announcement?
source:www.investopedia.com
source:www.investopedia.com
Earnings Guidance: Can It Predict the Future?
source:www.investopedia.com