All in all, the Fed, to the surprise of some, is maintaining its course to take a measured approach to tighten monetary policies.
And there was a big debate in the markets about whether it would be 25 basis points or 50 basis points out of the gate.” Zaccarelli continues, “Clearly, the conflict in Ukraine and the sanctions potentially dampening global economic growth, that makes it more likely that the Fed would want to go a little more slowly.” Overall, we continue to see the impacts of the Ukraine-Russia war ripple out across markets.
This seems to be the case as global sanctions are likely weighing in on Russia’s trade and oil exports.
Oliver points out that “Russia supplies around 30% of Europe’s gas and oil imports and accounts for around 11% of world oil production.” Because of the current geopolitical environment, he argues that investors could now be worrying about a “stagflationary shock.” Not to mention, the latest update from the Organization of the Petroleum Exporting Countries and allies seems less-than-ideal as well.
This adds up to a year-over-year increase of 4%, slightly topping its previous guidance range of a flat to 3% gain.
However, VSCO is expecting operating income growth to pick up in the latter half of 2022, quoting the third quarter as a potential “inflection point.” Whether or not VSCO stock can benefit from this in the long term remains to be seen.
Pure Storage CEO Charles Giancarlo attributes this to Pure Storage’s strategy of delivering an innovative portfolio of data storage and services.
In closing, CFO Kevan Krysler had this to say, “The momentum we are experiencing is the year’s culmination of relentless focus on innovating for our customers.” With all this in mind, PSTG stock could be worth noting for some now.
Amidst the persistent worldwide semiconductor shortage, companies such as Marvell and Broadcom could be worth watching during this earnings season.
In fact, analysts over at JPMorgan recently highlighted the company’s shares as one of its “top semiconductor stocks for 2022.” This is after citing “strong organic growth,” as a core growth driver for Marvell.
As it stands, consensus forecasts point towards earnings of $8.13 per share alongside revenue of $7.61 billion for the quarter.
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