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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16825405" data-attributes="member: 137766"><p>Well, OK then.</p><p></p><h3>U.S. GDP estimate stays unchanged at -0.6% for Q2, PCE estimate increases</h3><p>Sep. 29, 2022 8:31 AM ETBy: <a href="https://seekingalpha.com/user/49447318/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Liz Kiesche</a>, SA News Editor<a href="https://seekingalpha.com/news/3887108-us-gdp-estimate-stays-unchanged-at-06-for-q2-pce-estimate-increases#comments" target="_blank">25 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1366430351/image_1366430351.jpg?io=getty-c-w750" alt="Investments Crashing Do To Mass Sell Off In All Markets From Fear Of The Unknown" class="fr-fic fr-dii fr-draggable " style="" /></p><p>Darren415/iStock via Getty Images</p><p></p><ul> <li data-xf-list-type="ul">Q2 <a href="https://www.bea.gov/news/2022/gross-domestic-product-third-estimate-gdp-industry-and-corporate-profits-revised-2nd" target="_blank">GDP</a> (third estimate) <strong>-0.6%</strong> vs. -0.6% consensus and prior estimate of -0.6%. In Q1, U.S. GDP fell 1.6%.</li> <li data-xf-list-type="ul">The update primarily reflects an upward revision to consumer spending that was offset by a downward revision to exports. Imports, which is subtracted in the GDP calculation, were also revised down.</li> <li data-xf-list-type="ul">Real gross domestic income was revised down to +0.1% vs prior estimate of +1.4% and +1.8% in Q1.</li> <li data-xf-list-type="ul">PCE price index: <strong>+7.3%</strong> vs. prior estimate of +7.1%.</li> <li data-xf-list-type="ul">Core PCE price index: <strong>+4.7%</strong> vs. prior estimate of +4.4%.<a href="https://static.seekingalpha.com/uploads/2022/9/29/saupload_Q2_GDP_3rd.png" target="_blank"><img src="https://static.seekingalpha.com/uploads/2022/9/29/saupload_Q2_GDP_3rd_thumb1.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></li> <li data-xf-list-type="ul"><strong>Corporate profits:</strong> Profits from current production increased $131.6B in Q2, down from the prior estimate of a $175.2B increase.</li> <li data-xf-list-type="ul">Profits of domestic financial corporation dropped $46.0B, compared with the prior estimate of down $24.2B. Profits of domestic nonfinancial corporations rose $152.2B, less than the previous estimate of a $173.9B increase.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16825405, member: 137766"] Well, OK then. [HEADING=2]U.S. GDP estimate stays unchanged at -0.6% for Q2, PCE estimate increases[/HEADING] Sep. 29, 2022 8:31 AM ETBy: [URL='https://seekingalpha.com/user/49447318/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Liz Kiesche[/URL], SA News Editor[URL='https://seekingalpha.com/news/3887108-us-gdp-estimate-stays-unchanged-at-06-for-q2-pce-estimate-increases#comments']25 Comments[/URL] [IMG alt="Investments Crashing Do To Mass Sell Off In All Markets From Fear Of The Unknown"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1366430351/image_1366430351.jpg?io=getty-c-w750[/IMG] Darren415/iStock via Getty Images [LIST] [*]Q2 [URL='https://www.bea.gov/news/2022/gross-domestic-product-third-estimate-gdp-industry-and-corporate-profits-revised-2nd']GDP[/URL] (third estimate) [B]-0.6%[/B] vs. -0.6% consensus and prior estimate of -0.6%. In Q1, U.S. GDP fell 1.6%. [*]The update primarily reflects an upward revision to consumer spending that was offset by a downward revision to exports. Imports, which is subtracted in the GDP calculation, were also revised down. [*]Real gross domestic income was revised down to +0.1% vs prior estimate of +1.4% and +1.8% in Q1. [*]PCE price index: [B]+7.3%[/B] vs. prior estimate of +7.1%. [*]Core PCE price index: [B]+4.7%[/B] vs. prior estimate of +4.4%.[URL='https://static.seekingalpha.com/uploads/2022/9/29/saupload_Q2_GDP_3rd.png'][IMG]https://static.seekingalpha.com/uploads/2022/9/29/saupload_Q2_GDP_3rd_thumb1.png[/IMG][/URL] [*][B]Corporate profits:[/B] Profits from current production increased $131.6B in Q2, down from the prior estimate of a $175.2B increase. [*]Profits of domestic financial corporation dropped $46.0B, compared with the prior estimate of down $24.2B. Profits of domestic nonfinancial corporations rose $152.2B, less than the previous estimate of a $173.9B increase. [/LIST] [/QUOTE]
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