Investing

Stocks jumped out of the gate Wednesday and never looked back as optimism built ahead of this evening’s earnings report from major chipmaker and artificial intelligence (AI) giant Nvidia (NVDA). Before this major event, market participants took in another batch of mixed retail earnings and some disappointing economic data.   Retailers continued to dominate earnings… Continue reading Stock Market Today: Stocks Soar Ahead of Nvidia Earnings

Toll Brothers (TOL) reported better than expected third-quarter results amid strong demand for new homes and continued low supply of existing homes for sale. The performance reflected “a market for new homes that continues to benefit from historically low levels of resale inventory, favorable long-term demographic trends and the persistent underproduction of homes for well… Continue reading Toll Brothers Beats Q3 Estimates As New Home Sales Rise

Foot Locker (FL) met second-quarter earnings expectations but fell well short of sales estimates as the company reduced its full-year outlook amid “ongoing consumer softness.” The footwear and apparel retailer’s stock plunged on the news by more than 25% at the open of Wednesday’s trading session. For the second quarter ended July 29, Foot Locker… Continue reading Foot Locker Blames Weak Quarter on ‘Consumer Softness’ As Stock Plunges

Macy’s (M) second-quarter revenues fell amid declines across its in-store, online, brick-and-mortar and digital businesses as well as its credit card segment due to delinquencies. The retailer’s sales and earnings results beat expectations, however, helped by clearance markdowns and promotions. In response to the mixed results, Macy’s stock fell by more than 10% in the… Continue reading Macy’s Sales Slide As Retailer Issues ‘Cautious’ 2023 Outlook

Stocks opened cautiously higher Tuesday but lost steam as the session wore on. Investors are on tenterhooks ahead of Federal Reserve Chair Jerome Powell’s Friday speech in Jackson Hole, Wyoming.  Ahead of this key event, market participants took in a mixed batch of retail earnings, which did little to lift sentiment.  The Federal Reserve’s annual… Continue reading Stock Market Today: Dow, S&P 500 Hit By Struggling Financial Stocks, Dick’s Earnings

Dick’s Sporting Goods’ (DKS) sales and earnings results missed expectations as the retailer reduced its full-year outlook amid the “increasingly serious issue” of inventory theft. The company’s stock responded to the news by plummeting more than 20% in the day’s trading. For the second quarter ended July 29, Dick’s reported net sales growth of 3.6%… Continue reading Dick’s Sporting Goods Cuts Profit Outlook As Inventory Theft Worsens

Online shoppers, contractors and other professionals in the home improvement space drove a strong recovery in the spring for Lowe’s (LOW), propelling the retailer to a better-than-expected performance in the second quarter. “Our investments in our Total Home strategy continued to drive growth across Pro and online this quarter. And we are excited by our… Continue reading Lowe’s Beats Q2 Earnings Estimates As Sales Decline Slightly

Over the past couple of years, investors have demonstrated a strong appetite for alternative investments such as private equity, private credit, real estate, collectibles and more. According to research and analytics firm Prequin, the global market for alternative investments will be $18.3 trillion by 2027, up from $9.3 trillion at the start of 2022. From… Continue reading Five Downsides of Investing in Alternatives