The Dow Jones Industrial Average finished the first month of 2023 in rebound mode, above its 50-day line and sharply off its mid-October lows, as the stock market continues to rebound. The top Dow Jones stocks to buy and watch in February 2023 are Apple, Chevron, Goldman Sachs, JPMorgan Chase and Microsoft. Read More...
Motley Fool
Why WestRock Stock Got Rocked for a 14% Loss Today
Shares of cardboard box maker WestRock Company (NYSE: WRK), you see, tumbled 14% through 10:30 a.m. ET Wednesday after the company reported an earnings miss and withdrew its guidance for the rest of the year. Instead of the $0.60-per-share adjusted profit and $5.1 billion in sales that Wall Street expected, this morning, WestRock admitted that its fiscal Q1 2023 earnings were only $0.55 per share and its sales $4.9 billion. As I mentioned, even the $0.55 that WestRock did earn last quarter were of the adjusted (i.e., non-GAAP, pro forma) variety.
