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May 24, 2022

Earnings

Nordstrom raises full-year outlook as first-quarter sales top expectations

CNBC
CNBC – For more and to sign up click here Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now sees......

Snap falls 39% on pace for worst day ever, dragging other stocks with it

CNBC
CNBC – For more and to sign up click here Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 39% on Tuesday,......

Abercrombie shares fall over 25% after retailer posts loss, offers weak outlook

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CNBC – For more and to sign up click here A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Abercrombie & Fitch shares cratered 25% in premarket trading Tuesday after the retailer reported an......

Snap warns it will miss earnings goals because of economic challenges.

New York Times
Snap, the maker of the messaging app Snapchat, said on Monday that it expected to miss its quarterly financial goals as it dealt with toughening economic conditions. Evan Spiegel, Snap’s chief executive, said in an email to employees that the company was likely to miss its targets for revenue and......

Snap plunges more than 25% after CEO warns company will miss revenue and earnings estimates, slow hiring

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CNBC – For more and to sign up click here In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap shares plunged more......

Best Buy earnings expected to fan inflation gloom gripping America’s retailers

Reuters
A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s (BBY.N) quarterly earnings on Tuesday after results from......

Stocks making the biggest moves in the premarket: Electronic Arts, VMWare, GameStop and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Electronic Arts (EA) – The video game maker’s shares rose 2.5% in the premarket after Puck News reported that the company was actively seeking a buyer or merger......

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

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CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a......

Palo Alto Networks stock jumps after company lifts full-year forecast

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CNBC – For more and to sign up click here Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected. Here’s how the company did: Earnings: $1.79 per share, adjusted, vs.......

Kohl’s says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

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CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Thursday said final and fully-financed bids from potential buyers are expected in the coming weeks, as......

Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Synopsys

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CNBC – For more and to sign up click here A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. Sergio Perez | Reuters Check out the companies making headlines after the bell:  Cisco Systems — Shares of the networking company sank......

Cisco stock plunges 17% as company forecasts surprising revenue decline

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CNBC – For more and to sign up click here Chuck Robbins, chief executive officer of Cisco Technologies Inc., gestures as he speaks during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images......

Gasoline could top $5 a gallon this summer, causing more pain for consumers

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CNBC – For more and to sign up click here Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are a wildcard for consumer wallets this summer, as tight supply and uncertainty in Ukraine could drive fuel costs sharply higher. Gasoline......

We’re adding to a health insurance stock on the dip that had great earnings

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CNBC – For more and to sign up click here This company got off to a solid start this year, reporting at the end of last month a strong first-quarter earnings beat and a full-year outlook raise. Source – Click here for more To Return to the Main Aggregate News......

Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer

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CNBC – For more and to sign up click here Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly......

Stocks making the biggest moves midday: Target, Lowe’s, TJX and more

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CNBC – For more and to sign up click here Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the......

Households are now spending an estimated $5,000 a year on gasoline

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CNBC – For more and to sign up click here A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022. Mike Blake | Reuters U.S. households are now spending the equivalent of......

Target will report its earnings before the bell. Here’s what to expect

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CNBC – For more and to sign up click here Target will report earnings before the bell Wednesday, shedding light on consumer spending as prices rise from inflation and pre-pandemic expenses like commutes, dining out and summer vacations return. Here’s what Wall Street is expecting for the fiscal first quarter,......

Stock futures dip as Wall Street looks to build on recent rebound

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CNBC – For more and to sign up click here U.S. stock futures were lower early Wednesday morning as investors looked to build on a solid Tuesday rally. Futures for the Dow Jones Industrial Average shed 88 points, or 0.27%. S&P 500 futures sat 0.42% lower while Nasdaq 100 futures......

Natural gas prices have already doubled this year. A hot summer could push them even higher

CNBC
CNBC – For more and to sign up click here Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning......

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