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Markets Stay Green on More Tariff Discourse; Earnings from COST, GAP & More
COSTCostco(COST) ZACKS·2025-05-29 23:31

Market Overview - Major indexes showed positive performance with the Dow up +108 points (+0.26%), S&P 500 rising +0.40%, Nasdaq increasing +0.39%, and Russell 2000 growing +0.33% [2] - Bond yields decreased, with the 10-year yield at +4.42%, 2-year at +3.94%, and 30-year at +4.92% [2] Real Estate Sector - Pending Home Sales fell -6.3% month over month in April, significantly worse than the expected -1.0% drop, following a +5.5% increase in March [3] - The overall index for Pending Home Sales stood at +71.3, with the West and South regions experiencing the largest declines of -8.9% and -7.7% respectively [3] Company Earnings Reports - Costco reported fiscal Q3 earnings of 4.28pershare,exceedingexpectationsby4.28 per share, exceeding expectations by 0.05, with revenues of 63.2billion,an863.2 billion, an 8% year-over-year increase [4][5] - The Gap's shares fell -17% despite beating earnings estimates with 0.51 per share on revenues of 3.5billion,astariffscouldcostthecompany3.5 billion, as tariffs could cost the company 100-150 million [5] - Dell Technologies reported Q1 earnings of 1.55pershare,missingexpectationsbutshowinga+171.55 per share, missing expectations but showing a +17% year-over-year growth, with Infrastructure Solutions up +12% [6] - Marvell Technology narrowly beat earnings expectations with 0.62 per share and 1.89billioninrevenues,arecordhigh,andraisednextquarterguidance[7]UltaBeautyreportedearningsof1.89 billion in revenues, a record high, and raised next-quarter guidance [7] - Ulta Beauty reported earnings of 6.70 per share, surpassing expectations of 5.77,withrevenuesof5.77, with revenues of 2.85 billion exceeding the $2.80 billion forecast [9]