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AutoZone's stock slips on fourth straight revenue miss despite strength in the U.S.
MarketWatch· 2025-03-04 13:51
Core Viewpoint - AutoZone Inc. reported its fourth consecutive revenue miss in the fiscal second quarter, leading to a 1.1% decline in premarket shares [1] Financial Performance - Net income for the quarter ending February 15, 2025, was $488 million, or $28.29 per share, compared to $515 million, or $28.89 per share, in the same quarter of the previous year [1] - Analysts had anticipated earnings of $29.05 per share, indicating a shortfall in expected performance [1]
Nvidia's stock is doing things not seen in nearly a decade — and that's good news
MarketWatch· 2025-03-04 13:13
Nvidia Corp.’s stock looks especially enticing in light of its recent selloff, according to a Bernstein analyst. Shares of Nvidia NVDA fell 8.7% in Monday trading, and they’re off 15% to start the year. But that means the stock now stands out on several components of valuation, Bernstein’s Stacy Rasgon wrote. ...
Target's stock gains as earnings outlook doesn't disappoint, unlike rivals
MarketWatch· 2025-03-04 12:39
Shares of Target Corp. were gearing up for a gain in early Tuesday trading after the discount retailer bucked a recent trend of warnings by providing a full-year earnings outlook that was in line with expectations.The company said that fiscal-first-quarter profit could see “meaningful” pressure due to tariff uncertainty and the timing of certain costs, but results should improve the rest of the year. ...
The winner of EA's ‘Madden' videogame tournament will get more prize money than the NFL's Super Bowl champions
MarketWatch· 2025-03-03 21:58
Core Insights - Winning a football videogame competition offers higher monetary rewards compared to traditional football aspirations, highlighting the growing financial potential in esports [1] Group 1: Prize Money - The upcoming competition features a prize of $250,000 for the winner and $150,000 for the runner-up, indicating significant financial incentives in the esports industry [1]
Chipotle praised for ‘quality and size' as it faces a ‘choppier' consumer
MarketWatch· 2025-03-03 15:57
Core Viewpoint - Chipotle Mexican Grill Inc. experienced a stock increase following an upgrade from Morgan Stanley and comments from the CEO regarding the management of trade tariffs' impact on costs [1][2]. Group 1: Stock Performance - Chipotle's stock (CMG) rose approximately 2.1% after receiving a fresh upgrade from Morgan Stanley [1][2]. Group 2: CEO Comments - CEO Scott Boatwright confirmed the company's forecast of a 60-basis-point impact on cost of sales if tariffs imposed by President Donald Trump on Mexico, Canada, and China are enacted [2].
Intel's stock is rising — and this time it's not because of sale rumors
MarketWatch· 2025-03-03 15:21
Core Viewpoint - Intel Corp. shares experienced a significant increase of 22% in February, driven by speculation regarding potential sales of its business segments [1] - The recent rise in Intel's stock is attributed to its actual business developments, particularly its 18A manufacturing technology being tested by Nvidia Corp. and Broadcom Inc. [1] Group 1 - Intel's stock surged 22% in February, partly due to hopes of a business sale [1] - Nvidia and Broadcom are currently testing Intel's 18A manufacturing technology [1]
Three AI stocks to play if you want to look past the Nvidia hardware build-out
MarketWatch· 2025-03-03 13:47
Group 1 - Investor interest in generative artificial intelligence is focused on the installation of graphics-processing units (GPU) and related equipment by data centers [1] - Nvidia Corp. continues to dominate the GPU market, which is crucial for supporting corporate clients in developing new technology [1] - Long-term investors should consider how companies will utilize generative AI technology beyond just hardware installation [1] Group 2 - Nicole Kornitzer has been the portfolio manager for the Buffalo International Fund since 2009, managing approximately $7 billion in assets [2] - Kornitzer Capital Management, founded in 1989, is based in Mission, Kansas, while Kornitzer operates from Paris [2] - The firm manages assets through mutual funds and for institutional and private clients [2]
What Nvidia's market valuation says about where the stock will be in 5 years
MarketWatch· 2025-03-03 13:05
Nvidia Corp.’s market performance over the past six months is a good illustration of the difference between a good company and a good stock.Nvidia — the company — has performed phenomenally. Its cumulative earnings per share over the past two quarters were more than 800% higher than the comparable two-quarter total a year earlier. Yet Nvidia’s stock NVDA fell after the company’s earnings report last week. ...
Kroger CEO Rodney McMullen resigns following probe of personal conduct
MarketWatch· 2025-03-03 12:49
Core Viewpoint - Kroger Co.'s stock experienced a 1% decline following the resignation of CEO Rodney McMullen after a board investigation into his personal conduct, which was deemed inconsistent with the company's business ethics policy [1] Company Summary - The resignation of CEO Rodney McMullen was prompted by a board investigation regarding his personal conduct [1] - The company did not disclose specific details about the conduct that led to the investigation [1] - The stock price of Kroger Co. (KR) fell by 1% in response to the news of the CEO's departure [1]
Can anything stop Walmart's rally? Maybe high expectations, some analysts say.
MarketWatch· 2025-02-16 15:00
The past three years of higher prices have been great for Walmart Inc. Over that time, Walmart shares WMT have more than doubled in value. As shoppers seek savings wherever they can find them, the retail giant has eaten the lunch of its smaller rivals, threatening to take business from beauty retailers, dollar stores and convenience stores. It has also increasingly drawn wealthier shoppers and begun selling digital ads. ...