Key TakeawaysCaterpillar shares hit a record high Thursday and are up more than 30% this year.Reports of fresh Chinese stimulus measures drove a broad market rally.Caterpillar stands to benefit from a rebound in China's housing market, which has struggled in recent years. Caterpillar (CAT) shares rose more than 3% to a record high Thursday as reports of fresh Chinese stimulus efforts drove a wider market rally.  The Chinese government said Thursday that it would institute "necessary fiscal expenditures" and ...

Key TakeawaysMicron Technology shares surged Thursday on its strong outlook, leading Nvidia and other semiconductor stocks higher. Nvidia, its partner Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support AI.Micron CEO Sanjay Mehrotra said Wednesday the company's sales have nearly doubled from a year ago, with record-high revenue expected in the current quarter. Micron Technology (MU) shares surged Thursday after the memory chip ...

Core Insights - CarMax reported an increase in retail unit sales in Q2, with earnings and revenue exceeding estimates [1][2] - Comparable store unit sales rose by 4.3% year-over-year [1][3] - CEO Bill Nash highlighted the positive results despite facing "auto loan loss pressure" in the industry [1][4] Financial Performance - Fiscal 2025 Q2 earnings per share (EPS) were $0.85, surpassing analyst estimates by $0.02 [2] - Revenue decreased by 0.9% year-over-year to $7.01 billion, but still exceeded forecasts [2] Sales Metrics - Retail used unit sales increased by 5.1% to 211,020 units, while wholesale vehicle sales declined by 0.3% to 141,458 units [3] - Gross profit per retail unit was $2,269, and $975 per wholesale unit, consistent with the previous year's Q2 [3] - The company purchased 300,000 vehicles during the period, a 2.9% increase, driven by a 61.4% rise in dealer purchases, while consumer purchases fell by 1.2% [3] Market Reaction - CarMax shares rose approximately 6% in late-morning trading, moving into positive territory for 2024 [4]

Key TakeawaysPfizer is withdrawing all of its sickle cell disease drug, Oxbryta, worldwide because of safety concerns.The drug maker said the benefits of Oxbryta no longer outweigh the risks.The company's data indicated patients could suffer from severe pain and even death. Pfizer (PFE) shares declined Thursday after the drug maker recalled all lots of its sickle cell disease medicine worldwide because of concerns it could lead to severe pain and possibly death in patients.  The company announced it was vo ...

Key TakeawaysAccenture exceeded fourth-quarter revenue forecasts on rising demand for its generative AI services.The business management consulting firm's new bookings were up 21% to $20.1 billion, and new generative AI bookings reached $1.0 billion.Accenture also raised its quarterly dividend and share repurchase program. Accenture (ACN) shares surged Thursday when the business management consultant reported better-than-expected revenue and gave solid guidance as it boosted bookings on higher demand for ge ...

Key TakeawaysMicron Technology shares surged Thursday on its strong outlook, leading Nvidia and other semiconductor stocks higher. Nvidia, its partner Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support AI.Micron CEO Sanjay Mehrotra said Wednesday the company's sales have nearly doubled from a year ago, with record-high revenue expected in the current quarter. Micron Technology (MU) shares surged Thursday after the memory chip ...

Key TakeawaysMeta shares will likely remain in focus for the remainder of the week after the tech titan’s stock set a record high on Wednesday and the company kicked off its highly anticipated annual Connect conference by unveiling its latest tech gadgets. The stock broke out from a five-month ascending triangle on above-average volume earlier this month, with the share price continuing to track higher into the company's conference.The measuring principle forecasts a price target in the stock of $700, while ...

Key TakeawaysCostco will report earnings after the market closes on Thursday.The majority of analysts tracked by Visible Alpha hold a buy rating on the bulk retailer, but their average price target isn't much higher than today's close. This will be Costco's first earnings report since raising its membership price for the first time in seven years. Costco Wholesale (COST) will report fiscal fourth-quarter earnings after the closing bell Thursday, with analysts projecting growth on the top and bottom lines—bu ...

Key TakeawaysIncoming Nike CEO Elliott Hill will face a number of challenges, including concerns about the "newness" of Nike's products, rising competition and persistent headwinds in China.Analysts say next week's quarterly earnings release and Nike's investor day, scheduled for Nov. 19, could be catalysts for the stock.The company previously said it expects a sales hit in the quarter as it shifts its strategy to a focus on newer products, and amid weakness in its digital and international sales. Nike's (N ...

Key TakeawaysMicron Technology shares surged in extended trading Wednesday as the memory chip maker's revenue and outlook blew past expectations.The Nvidia partner reported its fiscal fourth-quarter revenue nearly doubled year-over-year, driven by "robust AI demand."CEO Sanjay Mehrotra said the company expects current-quarter revenue to reach a record high. Micron Technology (MU) shares surged in extended trading Wednesday as the company's revenue and outlook blew past expectations. The memory chip maker an ...