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3 Retail Stocks Set to Soar After Earnings
Schaeffers Investment Research· 2025-05-28 13:28
Retailers are shaking up Wall Street, with earnings reports from Macy's Inc (NYSE:M), Abercrombie & Fitch Co (NYSE:ANF), and Dick's Sporting Goods Inc (NYSE:DKS) offering mixed signals on the impact of tariffs, consumer demand, and operational resilience. Macy's reported adjusted first-quarter earnings of 16 cents per share on revenue of $4.60 billion, topping Wall Street expectations. Still, the company cut its full-year profit forecast, citing tariff hikes and heavier promotions. Macy's is in the middle o ...
Tariff Talk Returns to Sink Markets; Plus Q1 Earnings
ZACKS· 2025-05-06 23:05
Market Performance - Market indexes experienced a decline, with the Dow dropping 389 points (-0.95%), S&P 500 down 43 points (-0.77%), Nasdaq falling 154 points (-0.87%), and Russell 2000 losing 21 points (-1.05%) [1] Company Earnings Reports - Advanced Micro Devices (AMD) reported earnings of 96 cents per share, beating estimates by 3 cents, with revenues of $7.44 billion surpassing the projected $7.12 billion. Forward revenue guidance was raised to $7.4 billion [3] - Wynn Resorts (WYNN) reported earnings of $1.07 per share, missing the estimate of $1.22, and revenues of $1.7 billion, slightly below the $1.73 billion estimate. The company announced a share buyback program, but faces challenges due to tariff concerns affecting its domestic locations [4] - Rivian Automotive (RIVN) posted a narrower loss of 41 cents per share compared to the expected 80 cents, with revenues of $1.24 billion exceeding the $1.02 billion estimate. The gross profit of $206 million positions the company favorably with Volkswagen, which has invested in Rivian [5] Upcoming Earnings Expectations - The Walt Disney Co. (DIS) is expected to report fiscal Q2 earnings with a projected decline of 2.48% in earnings growth, while top-line growth is anticipated at 4.77%. The Parks division and the film "Thunderbolts" are expected to attract significant interest [6] Federal Reserve Meeting - The Federal Open Market Committee (FOMC) meeting is concluding, with no expected change in interest rates. Fed Chair Jerome Powell will address questions regarding the timeline for potential rate reductions and his position before the end of his term in 2026 [7]
JOLTS, Confidence, Home Prices and Q1 Earnings Make an Eventful Day
ZACKS· 2025-04-29 23:05
Market Overview - The S&P 500 experienced its sixth consecutive day of gains, with no negative impact from economic data or earnings reports [1] - The Dow increased by 300 points (+0.75%), the S&P 500 rose by 32 points (+0.58%), and the Nasdaq grew by 95 points (+0.55%) [2] - Bond yields decreased, with the 10-year yield at 4.17% and the 2-year yield at 3.65% [2] Housing Market - The Case Shiller Home Price Index for February showed a headline increase of +3.9%, which is 20 basis points lower than the previous month [3] - The 10-City survey reported a +5.2% increase, down from +5.7%, while the 20-City index showed a +4.5% increase, down from +4.7% [3] - Notable cities for rising home prices included New York City (+7.7%), Chicago (+7.0%), and Cleveland (+6.6%) [3] Labor Market - The JOLTS report for March indicated job openings at 7.19 million, below the expected 7.5 million, with the previous month revised down to 7.5 million [5] - Job quits remained stable at 3.3 million, with a quits rate of +2.1% [6] - Layoffs in the retail sector decreased by 66,000, and federal government layoffs fell by 11,000 [6] Consumer Confidence - The Consumer Confidence Index (CCI) for April dropped to 86.0, below the expected 87.3 and down 7.9 points from the previous month [7] - The Expectations Index fell to 54.4, a decrease of -12.5 month over month, marking the lowest level since October 2011 [8] - 32.1% of consumers expect fewer jobs in the next six months, the highest rate since April 2009 [8] Company Earnings - Visa reported fiscal Q2 earnings of $2.76 per share, exceeding expectations of $2.68 and the previous year's $2.51, with revenues of $9.59 billion slightly above the anticipated $9.56 billion [10] - Starbucks missed both earnings and revenue expectations for fiscal Q2, reporting earnings of 41 cents per share and revenues of $8.76 billion, below the expected $8.79 billion [12] - Booking Holdings posted strong Q1 results with earnings of $24.81 per share and revenues of $4.76 billion, surpassing expectations [13] - Seagate Technologies exceeded estimates with fiscal Q3 earnings of $1.90 per share and revenues of $2.16 billion, raising guidance for the next quarter to $2.40 per share [14]
Trade Balance in Goods Hits All-Time Record, Plus Q1 Earnings
ZACKS· 2025-04-29 15:30
Economic Indicators - The Advance Trade Balance for March reached an all-time low of -$162 billion, worsening from an adjusted -$147.8 billion the previous month, indicating a significant decline since the last presidential election [2] - Advance Retail Inventories fell to -0.1% in March, contrary to expectations of +0.4%, marking a continued downward trend since July of the previous year [3] - Advance Wholesale Inventories increased by +0.5%, slightly below the +0.6% consensus estimate, matching the revised February figure [4] Company Earnings Reports - PayPal (PYPL) reported Q1 earnings of 92 cents per share, exceeding the expected 64 cents, but revenues fell short by -0.88% to $13.72 billion [5] - General Motors (GM) achieved Q1 earnings of $2.78 per share, surpassing the $2.69 estimate, with revenues of $44.02 billion exceeding expectations by +3.57% [6] - Honeywell (HON) reported earnings of $2.51 per share, beating estimates by +13.57%, with quarterly sales of $9.82 billion, a +2.59% increase [7] - Spotify (SPOT) missed Q1 earnings expectations significantly, reporting earnings of $1.13 per share compared to the expected $2.29, with revenues of $4.41 billion falling short by -4.08% [8] Market Expectations - Job Openings and Labor Turnover Survey (JOLTS) results are anticipated to show a decline from 7.57 million to approximately 7.5 million [10] - Consumer Confidence for April is expected to drop to 87.3 from 92.9 in March, reflecting concerns over the economic outlook and high prices [11] - Upcoming earnings reports from major companies like Visa, Starbucks, Seagate Technologies, and Snap are expected, with significant reports from Microsoft and Meta Platforms starting Wednesday [12]