But they are now wondering if the central bank has gone too far in its bid to cool inflation, tightening the economy to the point of a recession. Over the past several months, investors had cheered signs of economic cooling on the hope that it could push the Federal Reserve to change course on its interest rate hiking campaign. Job cuts have also soared by nearly fivefold so far this year from a year ago. Meanwhile, the number of available positions fell below 10 million in February - a first in almost two years. The expansion in private payrolls was well below expectations in March, ADP said earlier this week. The market remained volatile as the latest weekly jobless claims came in higher than expected, adding to recent signals that pointed to slowing job growth. The tech-heavy Nasdaq fell 1.1% this week, while the 30-stock Dow rose 0.6%. The S&P 500 still lost 0.1% on the week, posting its first losing week in four. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower To read this article on click here.Best Debt Consolidation Loans for Bad Credit Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here > The stock currently carries a Zacks Rank 3 (Hold). So, make sure to keep an eye on LIVX going forward to see if this recent jump can turn into more strength down the road. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. Revenues are expected to be $20 million, up 102.4% from the year-ago quarter.Įarnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.įor LiveXLive, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +26.7%.

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