2 Stocks Pointing to a Tough 2023 Ahead
The stock market has done well to start 2023, and both the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) hit new highs on Thursday. Some upbeat high-profile earnings reports have helped stoke optimism about how the rest of the year could shape up better than doomsayers have projected.
Even amid a more positive market environment, though, some companies are having trouble with their businesses. In some cases, the problems are specific to the company, while others signal broader difficulties across industries or even the whole economy. All those factors play a role in declines early Thursday for Southwest Airlines (NYSE: LUV) and Sherwin-Williams (NYSE: SHW), and below, you'll see more on the issues affecting both stocks and what investors should take away from their latest financial reports.
Shares of Southwest Airlines fell 5% on Thursday morning. The airline stock dropped as investors got a look at the financial impacts of critical execution mistakes following winter storms in late December during the peak holiday travel season.
Source Fool.com
