Core Viewpoint - Macy's stock surged over 20% following a significant turnaround strategy that resulted in positive same-store sales for the first time in three years, although the company plans to continue closing stores to improve operating profit [1][3]. Financial Performance - In Q2, Macy's reported a 1.9% year-over-year increase in same-store sales, marking the largest increase in three years and the first positive growth since Q1 2022 [1]. - The overall revenue for Q2 decreased by 2.8% to $4.81 billion, slightly above market expectations of $4.76 billion [3]. - Adjusted earnings per share were $0.41, significantly higher than the market expectation of $0.18 [3]. - Macy's raised its fiscal year revenue and profit forecasts, now expecting net sales to reach $21.45 billion, slightly above previous estimates and analyst expectations [3]. Store Strategy - The company plans to close 66 unprofitable stores this year and a total of 150 stores over the next three years, reducing the total number of stores from 506 in Q2 last year to 449 as of August 2 [3][4]. - CEO Tony Spring emphasized the importance of adjusting the store portfolio while maintaining the relevance of physical stores [4]. Market Outlook - Despite the positive adjustments, there are concerns about the visibility of comparable sales and profit growth in the short term due to macroeconomic pressures and competitive retail environment [5]. - Macy's stock has declined over 6% this year, underperforming the S&P 500 index [6]. - The company is observing resilient consumer spending, although consumers are making more cautious purchasing decisions [6].

Market Performance - The three major U.S. stock indices opened mixed, with the Nasdaq up by 0.85%, the S&P 500 up by 0.41%, and the Dow Jones down by 0.08% [1][2] - Notable stock movements include Google (Alphabet) rising over 7%, Macy's increasing over 14%, and Apple gaining more than 3% [1] Commodity Prices - Spot silver has surpassed $41 per ounce, increasing by over 0.5%, marking a new high since 2011 [3] - Spot gold has reached above $3550 per ounce for the first time, achieving a year-to-date increase of over 35% [4] Pre-Market Activity - Apple saw a nearly 4% increase in pre-market trading [6] - Macy's experienced a pre-market rise of over 10% after the company raised its annual guidance [6] - Alphabet (Google) was up over 6% in pre-market trading following a ruling in its online search monopoly case, which stated that it does not need to divest Chrome and Android systems [6]

Market Overview - The U.S. stock market opened with mixed results, with the Nasdaq up 0.86%, the S&P 500 up 0.41%, and the Dow Jones down 0.07% [1] Company Highlights - Alphabet Inc. (Google) shares rose over 7%, reaching a new high after a U.S. federal judge ruled that Google does not need to divest its Chrome browser and Android system [1] - Apple Inc. saw a 3.2% increase in stock price, benefiting from Google's significant legal victory, and analysts raised their forecast for the first foldable iPhone's shipment volume [1] - Tesla Inc. shares increased by 1.6%, with CEO Elon Musk stating that approximately 80% of the company's market value will come from its robotics business, and plans to launch the third version of the Optimus prototype by the end of the year, with mass production expected next year [1] - Macy's Inc. stock surged over 15% after reporting Q2 net sales that exceeded expectations, leading the company to raise its full-year net sales and adjusted earnings per share guidance [1]

Core Viewpoint - Macy's stock price surged over 12% following the release of better-than-expected Q2 earnings and an upward revision of its full-year outlook [1] Financial Performance - The company reported adjusted earnings per share of $0.41 and revenue of $4.81 billion, surpassing analyst expectations of $0.18 per share and $4.76 billion in revenue [1] - For the full year, Macy's now expects adjusted earnings per share to be between $1.70 and $2.05, with revenue projected between $21.15 billion and $21.45 billion, an increase from the previous guidance of $1.60 to $2.00 per share and revenue of $21 billion to $21.4 billion [1]

天虹股份（002419）(002419.SZ)公告，公司股东五龙贸易有限公司(简称"五龙公司")在2025年8月27日 至2025年9月3日期间通过集中竞价、大宗交易方式累计减持公司股份1267.98万股，占公司总股本的 1.0848%。 ...

Market Movements - As of September 3, 2023, U.S. stock index futures showed mixed results with Dow futures down 0.05%, S&P 500 futures up 0.39%, and Nasdaq futures up 0.62% [1] - European indices also saw positive movements, with Germany's DAX up 0.64%, UK's FTSE 100 up 0.52%, France's CAC 40 up 0.90%, and the Euro Stoxx 50 up 0.82% [2][3] Commodity Prices - WTI crude oil prices fell by 1.91% to $64.34 per barrel, while Brent crude oil dropped by 1.69% to $67.97 per barrel [3][4] Market News - Federated Hermes expressed optimism about U.S. equities, citing strong corporate earnings and economic outlook as support for the market, suggesting that any pullback presents a buying opportunity [5] - Deutsche Bank's CEO indicated that the global bond sell-off is not just a temporary fluctuation, predicting that yields will remain high due to ongoing government reforms and fiscal discipline [5] Volatility and Gold Market - The VIX index surged over 11%, indicating increased market volatility as traders prepare for significant fluctuations following the Labor Day holiday [6] - UBS analysts forecast a positive outlook for gold, suggesting that prices could reach $4,000 per ounce under certain geopolitical and economic conditions [6] Company-Specific News - Google (GOOGL.US) received a favorable ruling in its online search monopoly case, allowing it to retain its Chrome browser and Android system without divestiture, while also being required to share some search index data with competitors [7] - Apple (AAPL.US) is expected to launch foldable iPhones and iPads starting in 2026, with projected shipments significantly increased for 2026 and 2027 [8][9] - Nvidia (NVDA.US) denied rumors of a shortage of its H100 and H200 AI chips, asserting that supply is sufficient to meet demand [9] - Macy's (M.US) reported Q2 sales exceeding expectations and raised its full-year guidance, leading to a significant pre-market stock increase [9] - Kraft Heinz (KHC.US) faced backlash from major shareholder Warren Buffett over its business split plan, which has also drawn scrutiny from Moody's regarding its investment-grade rating [10] - Air Lease (AL.US) agreed to be acquired for $7.4 billion, indicating a trend of consolidation in the aircraft leasing industry [10]

格隆汇9月3日｜梅西百货(M.US)盘前直线拉升，大涨超10%。消息面上，梅西百货第二季度净销售额为 48.1亿美元，市场预期为47.1亿美元；毛利率为39.7%，市场预期为39.5%。梅西百货预计财年净销售额 为211.5亿至214.5亿美元，此前预期为210亿至214亿美元；预计财年调整后每股收益为1.70至2.05美元， 此前预期为1.60至2美元，市场预期为1.81美元；预计第三季度净销售额将达到45亿美元至46亿美元，此 前预期为44.8亿美元。 ...

Group 1 - The core viewpoint of the article highlights Macy's strong second-quarter performance, with net sales of $4.81 billion, exceeding market expectations of $4.71 billion [1] - The gross margin for the second quarter was reported at 39.7%, slightly above the market expectation of 39.5% [1] - Macy's has revised its fiscal year net sales forecast to a range of $21.15 billion to $21.45 billion, up from the previous estimate of $21 billion to $21.4 billion [1] Group 2 - The company anticipates adjusted earnings per share for the fiscal year to be between $1.70 and $2.05, an increase from the prior forecast of $1.60 to $2.00, while the market expectation stands at $1.81 [1] - For the third quarter, Macy's expects net sales to reach between $4.5 billion and $4.6 billion, compared to the previous expectation of $4.48 billion [1]

Group 1 - The company is conducting market research regarding the discount store model to explore development paths that align with its supply chain advantages and user needs [1] - Currently, there are no specific plans for opening new stores [1]

Group 1 - The middle class in the U.S. is experiencing a decline in economic confidence due to high inflation, tariff uncertainties, and decreasing income expectations, which is affecting consumer behavior across various industries [1][2] - The University of Michigan's consumer confidence index dropped nearly 6% in August, reversing the upward trend seen in June and July [1][4] - A significant portion of consumers, over 70%, plan to reduce spending on items with high price increases in the coming year [4] Group 2 - Retail and dining sectors are particularly impacted, with Walmart noting a decrease in non-essential purchases among lower-income customers [5] - Fast-food chains like IHOP and Denny's are seeing customers opt for cheaper menu items, while McDonald's benefits from reduced spending at more expensive restaurants by the middle class [5][6] - High-income consumers continue to show strong spending behavior, purchasing luxury items and services, as evidenced by a 32% revenue growth for the Swiss sneaker brand On [6][7] Group 3 - The beauty and medical aesthetics industry is also witnessing a shift, with lower-income customers extending treatment intervals or reducing dosage, indicating economic pressure on this demographic [7]