Market Overview - US stock futures are rising significantly following the September consumer price index (CPI) report, with the S&P 500 set to open at an all-time high as prices increased by 3% year-over-year, slightly below the expected 3.1% [1][5][10] - The market is now pricing in a 99% chance of a Federal Reserve rate cut in October and a 96% chance for December, indicating strong investor sentiment [10][12] Federal Reserve Insights - The CPI report is seen as a bullish catalyst for the market, with expectations that the Federal Reserve will cut rates due to the cooler-than-expected inflation data [8][12] - Core inflation, which excludes food and energy, also showed a decrease from 3.1% to 3%, indicating progress, although it remains above the Fed's 2% target [12][14] - The lack of additional economic data due to the government shutdown creates uncertainty for future Fed decisions, particularly regarding the job market [15][18] Corporate Earnings - Intel reported better-than-expected third-quarter earnings, with revenues of $13.7 billion and adjusted earnings per share of $0.23, leading to a nearly 6% increase in pre-market shares [24][26] - The company is experiencing improved sales in its PC and AI data center businesses, although it still faces challenges in its foundry operations [24][26][28] Trade Relations - President Trump has halted trade talks with Canada, citing an anti-tariff advertisement that featured former President Ronald Reagan, which adds to the uncertainty in trade relations [2][19] - The ongoing trade discussions and their implications for tariffs remain a significant concern for the market, as they could impact business operations and investor sentiment [20][21] Company-Specific Developments - Target announced it will eliminate 8% of its corporate roles due to underperformance and market share losses, which analysts view as a necessary move [30][31] - Deckers, the maker of Hoka and Uggs, reported disappointing sales guidance, forecasting full-year sales of approximately $5.35 billion, reflecting cautious consumer behavior [31][32] - Procter & Gamble exceeded sales estimates in its latest quarter, particularly in beauty and grooming categories, although its baby and family care segment showed flat volume [32][33]

Let's get framers Matt Dash as we countd down to the bell. A lot of consumer names in focus. >> Yeah.And today it's Deckers. Uh they put out a kind of lukewarm guide and that is enough. Now I thought this had been punished over and over and over and it would bottom.But no. Uh you've got Uggs not doing that well. You have Hoka not doing that well. Uh you have the projections not that great.U the enterprise level declines. I mean, this is the truest note that just says there's elevated competition, broader ma ...

Consumer Brands - Deckers has issued a lukewarm guidance, indicating struggles with its Ugg and Hoka brands, leading to continued market punishment [1] - There is elevated competition in the sneaker market, with brands like Nike and New Balance intensifying the competition, causing a loss of allure for some brands [2] - Concerns about excess inventory in the system persist, but there is optimism that Nike may surprise the market positively in upcoming quarters [4] Starbucks - There is a belief that Starbucks is approaching the end of a challenging quarter, with expectations for improved performance in the future [4] - The outlook for Starbucks is considered strong, with a focus on operational excellence and cost initiatives aimed at enhancing performance by 2026 [5]

Deckers - Deckers shares are under heavy pressure, down approximately 14% following earnings results, adding to a 50% decline earlier this year [1] - The company reported EPS of $1.82 and revenue of $1.43 billion, both better than expected, but provided weaker guidance for 2026 sales at $5.35 billion [1] - Direct-to-consumer sales for Uggs declined by about 10%, while Hoka gained market share, indicating mixed performance [1] - The company anticipates $150 million in unmitigated expenses from tariffs, which is a headwind for the stock [1] Newmont Mining - Newmont Mining's stock is lower despite a significant earnings beat, with adjusted EPS at $1.71 and revenue up 20% to $5.5 billion [1] - The company warned of a dip in Q4 free cash flow due to construction spending in Peru and severance payments accrued in Q3 [1] - The correlation to gold prices has impacted stock performance, with a recent pullback in gold prices affecting investor sentiment [1] Procter & Gamble - Procter & Gamble shares rose by 2.25% after reporting better-than-expected earnings, driven by strong performance in beauty and grooming segments [1][2] - Beauty revenue reached $22.39 billion, with organic sales increasing and beauty sales up 6%, attributed to brands like Olay and SK2 [1] - The CFO noted a stable but challenging consumer environment, with higher-income shoppers trading up while lower-income consumers are more price-sensitive [2]

Market Overview - The trading day is nearing its end with stocks attempting to reach record highs, although some factors may hinder this progress [1][2] - The earnings season has been performing well so far, with more significant names set to report [2] - The Dow Jones Industrial Average increased by 146 points (0.3%), while the S&P 500 rose by 39 points (0.6%) [6] Company Earnings Intel - Intel reported an adjusted EPS of $0.23, beating the expected $0.12, with revenue up 3% year-over-year at $13.65 billion [10][11] - The forecast for Q4 revenue is projected between $12.8 billion and $13.8 billion, with a notable increase in data center and AI revenue, which reached $4.12 billion [12][19] - The company noted stronger-than-anticipated demand in the data center segment, particularly for server build-outs [13][20] - Intel's shares rose by 6% in after-hours trading following the earnings report [19][35] Ford - Ford anticipates an adjusted EBIT hit of $1.5 to $2 billion in 2025 due to a fire incident affecting aluminum production [23] - The company revised its full-year adjusted EBIT guidance down to $6 billion to $6.5 billion, missing analyst estimates [27] - Ford's shares fell by approximately 3.3% in after-hours trading, reflecting concerns over long-term strategy and EV build-out [24][27] Deckers - Deckers, the maker of Uggs and Hoka shoes, reported net sales of $0.43 billion, with full-year sales guidance of $5.35 billion, slightly below market expectations [30][31] Western Union - Western Union reported revenue growth of 1.03%, with adjusted EPS of $0.47, exceeding the estimate of $0.43, leading to a 4.4% increase in shares [33] Newmont Corporation - Newmont Corporation's adjusted EPS for Q3 was $0.71, with sales of $5.52 billion, surpassing estimates of $5.29 billion, resulting in a slight increase in shares [34]

Group 1 - The article discusses the worst-performing stocks in the S&P 500 index for September, highlighting significant declines in share prices [1][8]. - CarMax experienced a 24.8% drop in stock value due to disappointing second-quarter results, with revenue and profits down by 25% year over year, reflecting decreased consumer enthusiasm for car purchases [3]. - FactSet Research Systems saw a 22.3% decline, attributed to results that fell below analyst expectations [4]. - Kenvue's stock fell by 21.9%, influenced by negative public perception regarding Tylenol's alleged link to autism following statements from public figures [5]. - Deckers Outdoor's shares decreased by 17.5%, impacted by concerns over tariffs and economic uncertainty, along with disappointing earnings reports [6]. - Synopsys experienced a 16.7% decline due to weakened demand from a major customer and previous export restrictions, which have since been lifted [7]. Group 2 - Despite the declines in these stocks, the S&P 500 index gained 3.5% in September, indicating a broader market resilience [8]. - The article suggests that while some stocks may have fallen due to temporary issues, they could present buying opportunities if the market has overreacted and the company's future remains promising [8][9]. - The Motley Fool Stock Advisor analyst team has identified ten stocks they believe are better investment options than CarMax, indicating a shift in investor focus [10].

Core Viewpoint - Deckers Outdoor's brands Uggs and Hoka are experiencing a loss of sales momentum, which is expected to pressure the company's profit margins. Bernstein has rated Deckers as "underperform" with a target price of $100 [1] Group 1: Hoka Brand Analysis - Hoka has reached saturation in the U.S. running shoe market and is exiting a prolonged popularity cycle. Future growth rates are expected to slow to high single digits, primarily driven by international markets [1] - Hoka's cushioning technology has been imitated by competitors, and retailers are showing fatigue towards this trend. Nike's strong return in the running shoe sector poses a threat due to its more extensive product line, while On Running continues to expand its market share [2] Group 2: Uggs Brand Analysis - Uggs has seen significant growth in the global casual shoe market, but this category is gradually shrinking as consumers shift towards athletic shoes. The growth rate for Uggs is projected to be around 4%, a decline from the double-digit growth rates seen in previous years [2] Group 3: Financial Performance - Deckers' stock has declined by 43% year-to-date, closing at $115.43, down 2.74% as of the last trading day [3] - Despite both brands currently being profitable with gross margins close to 60%, the anticipated slowdown in growth and shifts in revenue structure towards wholesale and lower-priced categories are expected to gradually decrease profit margins. A forecasted decline of 190 basis points in gross margin is expected from fiscal year 2026 to 2030 [1]

Core Viewpoint - Deckers Outdoor Corp (NYSE:DECK) is facing challenges with its two main products, Uggs and Hoka, as sales appear to be declining, which may lead to margin pressure for the company [2] Product Performance - Sales of Uggs and Hoka are reportedly losing momentum, indicating potential difficulties in sustaining growth for these key products [2] Financial Outlook - The current situation has prompted Bernstein to assign an Underperform rating to the company, with a target price set at $100 [2]