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Today’s Stock Market News & Events: 12/2/2022


Today Wall Street will digest nonfarm payrolls, the unemployment rate, average hourly earnings, and the labor-force participation rate for 25- to 54-year-olds.

The following public companies are slated to release corporate earnings today, December 2:

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL — $113.56) develops and operates the Cracker Barrel Old Country Store concept in the United States. Cracker Barrel will report its Q1 earnings of 2023 before the bell today.

Genesco Inc. (NYSE:GCO — $48.41) operates as a retailer and wholesaler of footwear, apparel, and accessories. Genesco will report its Q3 earnings of 2023 before the bell today.

Manchester United plc (NYSE:MANU — $22.56) provowns and operates a professional sports team in the United Kingdom. Manchester United will report its Q1 earnings of 2023 before the bell today.

Looking ahead to next week, the week will bring the final S&P U.S. services purchasing managers’ index (PMI) and the final demand producer prince index (PPI), among other relevant economic indicators.

Meanwhile, the earnings docket features reports from AutoZone (AZO), C3.ai (AI), Campbell Soup (CPB), Chewy (CHWY), Dave & Buster’s Entertainment (PLAY), DocuSign (DOCU), GameStop (GME), lululemon athletica (LULU), Oracle (ORCL), Signet Jewelers (SIG), Stitch Fix (SFIX), and United Natural Foods (UNFI).

Solar is one of the fastest growing sectors in the stock market. And the recent clean energy bill that passed through the U.S. Congress as part of the Inflation Reduction Act is likely to keep that growth going. By some estimates, solar installation may triple over the next five years.

But the bullish outlook for this sector is about more than the funding the industry will receive. The Biden administration announced in June that it was suspending tariffs on solar panel components from four countries. This will be a key step in helping to untangle the supply chain for the necessary components.

This two-pronged strategy will be key to the sector achieving the Biden administration’s goal of having 45% of the nation’s energy supply coming from solar by 2050. That’s up from the 4% the sector supplied in 2020.  

In this presentation, we’re highlighting seven solar stocks that stand to benefit as solar becomes an increasingly cost-effective option for consumers and for businesses.

View the Stocks Here .



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