$CORE
Core-Mark Hldg Co Inc
PRICE
$45.65 -
Extented Hours
VOLUME
1,383,760
DAY RANGE
45.01 - 46.24
52 WEEK
0 - 45.65
Join Discuss about CORE with like-minded investors
@bdhs #PMTTRADING
les données PCE, PCE core annuelle et mensuel indique une augmentation de l'inflation au US, nous devons nous poser comme question :
102 Replies 7 👍 6 🔥
@trademaster #TradeHouses
By Hannah Lang and Iain Withers WASHINGTON/LONDON (Reuters) - The dollar pared losses on Friday after a fresh readout of inflation data and was on track for a third straight weekly gain, as markets raised bets on higher-for-longer interest rates and nervously eyed last-ditch talks on the U.S. debt ceiling. U.S. consumer spending increased more than expected in April, jumping 0.8% last month, the Commerce Department said on Friday, boosting the economy's growth prospects for the second quarter. Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.4%. The personal consumption expenditures (PCE) price index increased 0.4% in April after rising 0.1% in March. In the 12 months through April, the PCE price index increased 4.4% after advancing 4.2% in March Following the data, the dollar hit a new six-month high against the yen and last stood at 140.255. Apparent progress on Thursday in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease jitters, but markets stayed on edge over any risk of a default ahead of a long bank holiday weekend in the U.S. "Monday is a bank holiday in the U.S. so market participants will have to wait until Tuesday 30th May to trade positions again so there is a strong belief that Washington needs to make a deal happen today," currency analysts at MUFG said in a note. Wall Street traders have become increasingly wary of U.S. government debt securities, but the prospect of an imminent deal helped lift sentiment across markets on Friday and boost more risk-sensitive currencies at the expense of the dollar. The U.S. dollar index, which tracks the currency against six major counterparts, was last down 0.096% on the day at 104.130, just off Thursday's two-month high of 104.31. The dollar's recent momentum has also been driven by raised expectations that the Federal Reserve will have to keep interest rates higher for longer to subdue inflation. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits increased moderately last week to 229,000, lower than expectations. "Recent moves in currencies have been mainly driven by a sharp repricing of FOMC policy," said Carol Kong, a currency strategist at Commonwealth Bank of Australia (OTC:CMWAY) (CBA). Leading European policymakers struck varying tones on the future path of euro zone inflation on Friday, with European Central Bank chief economist Philip Lane pushing back against concerns about core inflation. The euro was last up 0.07% against the dollar at $1.07320, but was not far from its two-month low of $1.0708 hit in the previous session. Sterling gained 0.3% to $1.23570, after data showed British consumers picked up spending in April, although the currency was still heading for a weekly loss.
65 Replies 6 👍 13 🔥
@Renato_Decarolis #decarolis
_"(Il Sole 24 Ore Radiocor Plus) - New York, 26 mag - Apertura in rialzo a Wall Street. I negoziatori repubblicani e democratici sono ora piu' vicini a un accordo per alzare il tetto del debito per due anni, con il tempo che, per evitare il default, sta ormai per scadere. Non c'e' ancora un'intesa sul tetto alla spesa, ma sembra che le due parti siano d'accordo su un aumento delle spese per la Difesa del 3% e sulla necessita' di ammodernare la rete elettrica nazionale. Avvio pero' frenato dal dato Pce sull'inflazione, che si e' dimostrato superiore alle attese, con una crescita anno su anno del 4,4%, dopo il 4,2% di marzo (invariata), contro attese per un dato al 4,1%. La componente 'core' del dato e' cresciuta del 4,7% rispetto a un anno prima, contro attese per un dato al 4,6%, dopo il 4,6% del mese precedente (invariata). Dopo i primi minuti di scambi, il Dow Jones guadagna 66,23 punti (+0,20%), lo S&P 500 sale di 8,22 punti (+0,20%), il Nasdaq e' in rialzo di 34,70 punti (+0,27%). Il petrolio Wti al Nymex sale dell'1,49% a 72,90 dollari al barile, dopo aver perso ieri il 3,38% dopo che la Russia ha chiuso le porte alla possibilita' che i Paesi dell'Opec+ possano decidere ulteriori tagli alla produzione durante la riunione della prossima settimana."_
114 Replies 8 👍 8 🔥
@Renato_Decarolis #decarolis
E soprattutto il **Core PCE Price Index** leggermente sopra le stime degli analisti.
128 Replies 7 👍 11 🔥
@PMTTRADER #PMTTRADING
L'indice des prix Core PCE est l'une des données les plus puissantes pour déterminer l'inflation, la volatilité est importante lorsque les données sont inférieures ou supérieures à 0,3%. Donc ne tradez pas bêtement ces news 😉
115 Replies 7 👍 12 🔥
@PMTTRADER #PMTTRADING
Cependant la données du core PCE pourrait surprendre à la hausse et remettre en cause les récents gains de l'euro face au dollar. Une lecture plus élevée que prévu est considérée comme un élément **positif pour l'USD**, alors qu'un résultat plus bas que prévu est interprété comme **négatif pour l'USD** Actuellement la paire se situe autour des 1.07500.
86 Replies 12 👍 8 🔥
@Renato_Decarolis #decarolis
**PIL USA** sopra le attese (si allontana il rischio recessione) e **Core PCE** al rialzo attirano gli acquisti di dollari. Adesso il mercato prezza la possibilità di un rialzo dei tassi a luglio!
51 Replies 9 👍 7 🔥
@NoobBot #Crypto4Noobs
https://www.coindesk.com/policy/2023/05/22/core-scientific-hopes-to-emerge-from-bankruptcy-by-september-lawyers-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
86 Replies 15 👍 14 🔥
@trademaster #TradeHouses
S&P 500 (SPX) rallied 1.6% last week to hit the 100 weekly moving average (WMA) for the first time since last August. The benchmark U.S. stock market index also printed the highest level (4212.91) in 9 months. Dow Jones Industrial Average (DJI) added only 0.4% as it struggles to clear the 100-WMA. The index had previously recorded two consecutive red weekly candles. Tech-focused Nasdaq Composite Index (IXIC) rose as much as 3% in the best week since March. The index now trades at its highest levels since August 2022. Looking forward to this week, the key economic data releases this week in the U.S. are the core PCE, durable goods, and the University of Michigan reports on Friday. Moreover, the FOMC meeting minutes are out on Wednesday, while several Fed officials are also due to speak this week, including governor Waller and presidents Bullard, Bostic, Daly, Logan, and Collins. Over the weekend, Minneapolis Fed President Neel Kashkari said that he could take a wait-and-see approach at the central bank's next meeting in June. Q1 earnings ‘much better than feared’ With 95% of S&P 500 companies having reported actual results, the Q1 earnings season is close to completion. According to FactSet, 78% of S&P 500 companies have reported a positive EPS surprise and 76% of S&P 500 companies have reported a positive revenue surprise. The S&P 500 earnings are down 2.2%, with Goldman Sachs analysts saying the earnings so far have been “much better than feared.” “We view these results as broadly consistent with our forecast of a moderate growth drag from tighter bank credit (-0.4pp on 2023 GDP growth, Q4/Q4 basis). Bank credit has clearly deteriorated for some businesses, but the financial effects so far appear meaningfully larger than the economic effects, in the aggregate,” the analysts said in a client note. Some of the most important earnings releases for this week include Zoom Video Communications (NASDAQ:ZM), Lowe’s (NYSE:LOW), Palo Alto Networks (NASDAQ:PANW), Nvidia (NASDAQ:NVDA), Costco (NASDAQ:COST), and Best Buy (NYSE:BBY). Debt ceiling talks continue The debt ceiling talks are set to continue today with U.S. President Joe Biden and House Republican Speaker Kevin McCarthy due to meet to discuss the deal. Rep. McCarthy said yesterday that he had a "productive" call with Biden. Investors are focused on the progress as a failure to lift the debt ceiling would trigger a default. The Treasury officials said the U.S. has money to finance its commitments until “early June.” Goldman Sachs economists forecast that cash reserves could drop below critical $30B by June 8-9. “The most likely [scenario] is a full-fledged deal that suspends the debt limit to early 2025 along with spending caps (70% chance). There is a small chance this could be announced over the weekend (10%) but we think a deal is more likely later next week (30%) or shortly before the deadline (30%),” the economists said. The bank’s strategists also see the markets pricing more risk before a potential rally takes place if the deal is finally reached. On the other hand, Morgan Stanley analysts argue that the “bigger risk for markets now is that raising the debt ceiling could decrease market liquidity based on the sizeable Treasury issuance we expect over the six months after it passes.” What analysts are saying Here’s what sell-side analysts are saying about U.S. stocks. BTIG analysts: “We think the move last week was part of a last gasp blow-off in the Nasdaq. While there was a modest expansion of new highs last week, we will reiterate what we said last week that the weak parts of the market really need to start working or the risk is everything falls together. We saw a bit of the latter on Friday within the consumer space having one of its worst days of the year.” Morgan Stanley analysts: “We believe this rally will prove to be a head fake like last summer’s. In the very short term, we would not be surprised to see further marginal upside for the major averages if a debt ceiling deal is passed. However, we would view that as a false breakout/bull trap. In that event, the short-term upside could take us back toward the August highs at most, in our view, but should then quickly reverse.” BofA analysts: “We raise our S&P 500 2023 year-end target from 4000 to 4300 based on five indicators yielding a range from 3900 (Fair Value) to 4600 (Sentiment). We believe investors should ignore the snapshot multiple this target implies – a 21x multiple on 2023 EPS of $200E (tracking $210 after 1Q’s beat). 21x is elevated, but trough multiples have been higher (23x at COVID, 28x at GFC) and snapshot multiples are not particularly predictive. We use a multiple on normalized earnings in our framework, and even here find that this metric is strongly predictive but only over a long time horizon.” Sevens Report Research analysts: “Not-as-bad-as-feared events have largely fueled the YTD rally and that can continue, especially if the S&P 500 can sustainably breakout to new highs because that will create more “chasing.” But “not as bad as feared” cannot support a sustainable rally (one that lasts for quarters). Point being, the “pain trade is higher,” but at this point it’s long in the tooth. And while it’s not over, it can’t push the S&P 500 sustainably into the mid 4000’s (the valuation will get too stretched).” Oppenheimer analysts: “We believe underlying trend improvement following last year’s bear cycle supports a breakout in the S&P 500. High-beta cyclicals, under pressure since February, are also finding their footing, in our view. We see this potential for a beta bounce as the likely driver for a breakout.” Barclays analysts: “We would caution against an overly bullish interpretation (e.g., the rest of the market is cheap) as equities are still exposed to earnings risk and we see few upside catalysts, leaving risk/reward skewed asymmetrically to the downside. A range-bound market is more likely, in our view. That being said, we expect narrow leadership and greater dispersion among stock returns to create selective opportunities, and recommend seeking high-quality names at less demanding multiples.”
96 Replies 15 👍 7 🔥
@Splithand #Emporos Research
for example todays data usd and cad 5:30am CAD CPI m/m 0.7% 0.5% 0.5% CAD Median CPI y/y 4.2% 4.3% 4.5% CAD Trimmed CPI y/y 4.2% 4.1% 4.4% CAD Manufacturing Sales m/m 0.7% 0.7% -3.6% USD Core Retail Sales m/m 0.4% 0.5% -0.5% USD Retail Sales m/m 0.4% 0.8% -0.7% 5:32am CAD Common CPI y/y 5.7% 5.5% 6.0% CAD Core CPI m/m 0.5% 0.6% 6:15am USD Capacity Utilization Rate 79.7% 79.7% 79.4% USD Industrial Production m/m 0.5% 0.0% 0.4% 7:00am EUR ECB President Lagarde Speaks USD Business Inventories m/m -0.1% 0.0% 0.2% USD FOMC Member Barr Speaks USD NAHB Housing Market Index 50 45 45 7:13a
62 Replies 15 👍 8 🔥
@PMTTRADER #PMTTRADING
Juste un petit rappel, est-ce que la situation a changé pour le **CAD** ?? Est-ce que la demande de pétrole est plus importante qu'en fin avril ?... Qu'est-ce que les dernières données sur la production industrielle chinoise signifient ? Il y a les données du **core CPI** qui sortiront cet après-midi, comment cela peut-il être perçu si c'est inférieur à ce qui est attendu ?... Pleins de questions, mais surtout de la logique pour prendre des décisions réfléchies 😄💥
48 Replies 6 👍 7 🔥
@dros #droscrew
PPI 0.2% M/M, Exp. 0.3% PPI Core 0.2%, Exp. 0.3% PPI 2.3% Y/Y, Exp. 2.5% PPI Core 3.2%. Exp. 3.3%
69 Replies 9 👍 11 🔥
@Renato_Decarolis #decarolis
_"(Il Sole 24 Ore Radiocor Plus) - Milano, 10 mag - Il decimo calo mensile consecutivo dell'inflazione americana, scesa su base annuale ai minimi da maggio 2021, non basta a sostenere gli indici europei. Dopo un tentativo di recupero subito dopo la pubblicazione del dato, i listini si sono indeboliti per poi chiudere in calo. I numeri sull'inflazione Usa hanno mostrato prezzi di poco inferiori alle attese a livello annuo (4,9%) anche se la componente core e' rimasta stabile (5,5%) e non e' calata come previsto. L'indicatore non e' dunque sufficiente a fugare i dubbi sulle prossime mosse della Federal Reserve, che ha anticipato all'ultima riunione una pausa sui rialzi dei tassi, ma potrebbe cambiare idea. Milano ha cosi' ceduto lo 0,44%, in discesa anche Parigi dello 0,6%, Francoforte dello 0,37%, Madrid dello 0,18%, Londra dello 0,41% e Amsterdam dello 0,01%. A Milano la protagonista assoluta e' stata Telecom (+3,93% dopo essere arrivata a guadagnare oltre il 5%) in attesa dei conti, in arrivo a breve, e soprattutto sulla scia della possibilita' di un riassetto della rete che potrebbe vedere il fondo Kkr pilotare la transizione verso una infrastruttura in stile Terna a guida pubblica. Bene Erg (+3,76%) e Diasorin (+3,28%), appunto dopo i conti e la conferma delle guidance. Scattano le vendite sulle banche (-3,73% Banco Bpm, -1,67% Intesa Sanpaolo e -2,17% Mps) dopo i forti rialzi delle ultime giornate."_
93 Replies 9 👍 7 🔥
Key Metrics
Market Cap
0
Beta
0
Avg. Volume
0
Shares Outstanding
45.18 M
Yield
0%
Public Float
0
Next Earnings Date
Next Dividend Date
Company Information
Core-Mark is one of the largest marketers of food, fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs and technology solutions to approximately 40,000 customer locations in the U.S. and Canada through 32 distribution centers (excluding two distribution facilities the Company operates as a third-party logistics provider). Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products.
CEO: Scott McPherson
Website: www.coremark.com
HQ: 1500 Solana Blvd Ste 3400 Westlake, 76262-1690 Texas
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