Equity Futures Nearly Flat After 400-Point Rally in the Dow

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European equities came to a standstill on Thursday as uncertainty returned after gains in the previous session.

The pan-European Stoxx 600 had risen 0.2% by mid-morning. Retail shares stood out, rising 2.2%, while telecoms fell 0.5%.

the UKs FTSE withdrawn for the bank of England the monetary policy decision later on Thursday. It is generally expected that the central bank raise interest rates by 50 basis points the largest single increase since 1995.

Alibaba’s Hong Kong Shares Gain 4% Faster Than Profit

Alibaba will report fiscal first quarter results before market opens and analysts expect the Chinese e-commerce giant to post the first sales drop on record.

Alibaba is expected to book revenue of 203.19 billion yuan ($30 billion) for the June quarter, down 1.2% from a year ago, according to Refinitiv consensus forecasts.

Alibaba has faced a number of headwinds, from tighter regulations in China to a resurgence of Covid in the world’s second-largest economy, leading to lockdowns of major cities. Those factors have hit the Chinese economy, depressing advertising budgets and consumer spending, likely to weigh on Alibaba’s June quarter results.

Still, analysts expect the company to grow again in the coming quarters. Hong Kong-listed shares of Alibaba were more than 4% ahead of earnings.

— Arjun Kharpal

Jim Cramer says charts point to a rally in gold

CNBC’s Jim Cramer said: now is a good time to buy gold as signs point to a rally, according to analysis by commodities trader Larry Williams.

the “crazy moneyThe host explained Williams’ analysis by looking at the weekly gold action from 2014 and data on small speculators’ positioning on gold from the Commodity Futures Trading Commission’s Commitments of Traders report.

According to Williams, gold usually peaks shortly after petty speculators become too optimistic about the precious metal, and bottoms out when petty speculators are too bearish.

“The charts, as interpreted by the legendary Larry Williams, suggest that the general public is giving up gold en masse and he thinks this is the perfect time to buy,” Cramer said.

— Abigail Ng, Krystal Huro

Here’s How To Invest For Returns To Beat A Bad Year For Stocks And Bonds – According To The Pros

Stocks are volatile and bonds have been outperforming for much of this year, with investment-grade US bonds plunging into 2022.

But analysts have been bullish on income investing lately, as yields are starting to rise again.

Here are some of the ways the pros suggest that investors can position their portfolios for diversification and protection from market volatility, and to seek higher yields if inflation continues to climb. Pro subscribers can read the story here.

— Weizhen Tan

Fortinet Shares Fall

Fortinet shares fell more than 9% in expanded trading after the cybersecurity firm reported its quarterly results, which included free cash flow of $283.5 million, compared with FactSet estimates of $337.2 million. Revenues from services also lagged behind estimates.

Other cybersecurity stocks also fell after hours. CrowdStrike was down 1% and Palo Alto Networks lost more than 1%.

— Tanaya Macheel

Walmart gets layoffs, about a week after profit warning

Walmart has started firing company employees about a week after the retail giant lowered its earnings outlook and warned of a decline in consumer goods spending due to inflation. The company described the layoffs as a way to “better position the company for a strong future” in a statement to CNBC. Shares fell less than 1% after hours.

— Tanaya Macheel

Lucid Shares Plunge Nearly 12%

Shares of the electric luxury vehicle manufacturer Lucide Group slumped 11.7% in extended trade after the company lower production targets for the whole year for the second time to 6,000. The original prediction was 20,000. The company also reported a quarterly loss of 33 cents per share.

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