Walmart said on Thursday it would move its longtime listing on the New York Stock Exchange to Nasdaq, joining the tech-heavy exchange as one of its most valuable members. ...

Did Federal Reserve Governor Lisa Cook and Chicago Fed President Austan Goolsbee compare notes ahead of their remarks today? Earlier today, Cook singled out "stocks" when talking about valuations. Now, her colleague at the central bank is warning that AI investment 'raises concerns' about a bubble. Of course, this is likely obvious to most traders -- who seem to have been shaken from complacency in the last few weeks, evidenced in part by the moves in the market.Coming up after the market close, we'll have ...

Walmart Shares Soar 6% After Online Shopping Surge Fuels Earningshttps://t.co/btS4mLow2v https://t.co/A4yCGA8KEG ...

Core Viewpoint - Bath & Body Works, Inc. reported disappointing third-quarter results, missing earnings expectations and lowering its full-year outlook, indicating a decline in discretionary consumer spending as the holiday season approaches [1][5]. Financial Performance - The company reported third-quarter adjusted earnings per share of 35 cents, below the expected 40 cents [1]. - Quarterly sales were $1.594 billion, a 1% decrease year over year, missing the analyst consensus estimate of $1.634 billion [2]. - Gross profit for the quarter was $658 million, down from $700 million a year ago, with a gross profit margin of 41.3%, a decline of 220 basis points year over year [3]. Margin and Operating Income - Merchandise margin dropped by approximately 260 basis points, impacted by a ~$35 million tariff hit, which accounted for about 200 basis points [4]. - Operating income was $161 million, down from $218 million a year ago, with an operating margin of 10.1%, a decrease of 340 basis points [4]. Fourth Quarter and Fiscal 2025 Outlook - The company anticipates fourth-quarter sales to decline in the high-single-digit range due to a challenging holiday season and weakening consumer sentiment [6]. - The full-year outlook has been revised to low-single-digit sales declines, with adjusted EPS now expected to be at least $2.87, significantly lower than the previous range of $3.35–$3.60 and the consensus estimate of $3.44 [9]. - The projected gross profit rate for the full year is approximately 43.3%, factoring in a ~100-basis-point tariff drag [9]. Cost Management - SG&A rate is expected to be about 24%, reflecting deleverage from softer sales but supported by tight cost controls [7]. - Adjusted SG&A is projected at about 28.3% due to weaker sales [10].

Walmart, the world’s biggest retailer, said it will move its stock listing to the Nasdaq, marking the largest defection in the New York Stock Exchange’s history. https://t.co/ICyuRfZuI4 ...

Group 1 - The Federal Reserve is leaning towards a pause in interest rate hikes in December, indicating a potential shift in monetary policy [1] - The competition in the sports streaming industry is intensifying, with various platforms vying for market share and subscriber growth [1] - Target's incoming CEO is expected to face significant challenges as the company navigates a competitive retail landscape and changing consumer preferences [1]

Group 1: Employment Data - The September nonfarm payrolls are expected to add 50,000 jobs, an increase from the 22,000 estimated in August, with the unemployment rate projected to remain at 4.3% [5] - The Bureau of Labor Statistics (BLS) revised its employment growth number for the year ending March 31, 2025, down by 911,000 jobs [5] - The BLS canceled the October jobs report due to the inability to collect household survey data retroactively [6] Group 2: Netflix and Warner Bros. Discovery - Netflix has indicated it will continue to release Warner Bros. films in theaters if it acquires the studio, despite previously limiting theatrical releases [7] - Warner Bros. has contractual obligations for theatrical releases that Netflix plans to honor [8] - Paramount Skydance's latest bid for Warner Bros. is expected to be around $23.50 per share, while Netflix and Comcast are interested in the streaming and studio operations [9][10] Group 3: ByteDance Valuation - A Chinese investment firm purchased a block of ByteDance shares at a valuation of $480 billion, indicating strong investor interest in the parent company of TikTok [11] - The stock block was priced at approximately $200 million, with a previous valuation of $360 billion for ByteDance [12]

Core Insights - The retailer has revised its profit forecast downward due to a decline in both sales and earnings [1] Group 1 - The company experienced a drop in sales, which has directly impacted its earnings [1] - As a result of the sales decline, the company has adjusted its profit outlook for the upcoming period [1]

Market Overview - U.S. stock futures rose on Thursday following Wednesday's advances, with major benchmark indices showing positive movement [1] - Investors are anticipating September's job report, which is set to be released after the recent government shutdown [1] - The Federal Reserve's FOMC minutes revealed a division among officials regarding future interest rate paths, following a reduction in the federal funds target range to 3.75%–4.00% [1] Treasury Yields and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60% [2] - Market projections indicate a 33.8% likelihood of the Federal Reserve cutting interest rates during its December meeting [2] Stock Performance - Major indices showed the following premarket changes: Dow Jones up 0.44%, S&P 500 up 1.08%, Nasdaq 100 up 1.47%, and Russell 2000 up 0.61% [2] - The SPDR S&P 500 ETF Trust (SPY) increased by 1.01% to $669.35, and the Invesco QQQ Trust ETF (QQQ) rose by 1.37% to $608.07 [2] Company Highlights - Nvidia Corp. (NASDAQ:NVDA) rose 5.55% after reporting better-than-expected third-quarter results and a strong revenue forecast [6] - Palo Alto Networks Inc. (NASDAQ:PANW) dropped 4.15% despite beating estimates, as its full-year guidance aligned with analyst expectations [6] - Super Micro Computer Inc. (NASDAQ:SMCI) gained 5.87% following the launch of integrated AI factory systems with Nvidia's technology [6] - Walmart Inc. (NYSE:WMT) was up 0.83% ahead of its earnings report, with expectations of earnings at 60 cents per share on revenue of $177.43 billion [12] - Intuit Inc. (NASDAQ:INTU) increased by 0.37%, with analysts expecting earnings of $3.09 per share on revenue of $3.76 billion [12] Sector Performance - Information technology, communication services, and materials stocks led gains on Wednesday, while energy and utilities sectors closed lower [7] Analyst Insights - BlackRock maintains a "pro-risk stance" focused on U.S. equities and the AI theme, believing a cooling labor market may allow for interest rate cuts [9] - Despite volatility in tech stocks, BlackRock views the capital-intensive phase of AI development as a necessary step, supported by strong earnings from leading AI companies [10]

Market Overview - U.S. stock futures rose on Thursday following gains from the previous day, with major benchmark indices showing positive movement [1] - Investors are anticipating September's job report, which is set to be released after the recent government shutdown [1] - The Federal Reserve's minutes indicate a division among officials regarding future interest rate paths, following a recent reduction in the federal funds target range to 3.75%–4.00% [1] Treasury Yields and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60% [2] - Market projections show a 33.8% likelihood of the Federal Reserve cutting interest rates in December [2] Stock Performance - Nvidia Corp. (NASDAQ:NVDA) rose 5.55% in premarket trading after reporting better-than-expected third-quarter results and a strong revenue forecast [6] - Palo Alto Networks Inc. (NASDAQ:PANW) dropped 4.15% despite beating estimates, as its full-year guidance aligned with analyst expectations [6] - Super Micro Computer Inc. (NASDAQ:SMCI) gained 5.87% following the launch of integrated AI factory systems with Nvidia's technology [6] Sector Performance - Information technology, communication services, and materials stocks led gains on Wednesday, while energy and utilities sectors closed lower [7] Analyst Insights - BlackRock maintains a "pro-risk stance" focused on U.S. equities and the AI theme, believing a cooling labor market may allow for interest rate cuts [9] - Despite volatility in tech stocks, BlackRock views the capital-intensive phase of AI development as necessary rather than a warning sign [10] Upcoming Earnings - Walmart Inc. (NYSE:WMT) was up 0.83% ahead of its earnings report, with expectations of earnings at 60 cents per share on revenue of $177.43 billion [12] - Intuit Inc. (NASDAQ:INTU) was 0.37% higher, with analysts expecting earnings of $3.09 per share on revenue of $3.76 billion [12]