Florida, Port St Lucie: TJMaxx, a cashier with a customer at check out.Jeff Greenberg | Universal Images Group | Getty ImagesTJX Cos maintained annual forecasts and beat Wall Street expectations for first-quarter sales on Wednesday, as shoppers looking for deals to save money in the face of growing economic uncertainties flocked to the stores of the off-price retailer.Fears of a potential recession and accelerating inflation triggered by hefty tariffs imposed by countries across the globe have pushed people to rethink their spending patterns, boosting demand for off-price and discount goods.Investors and analysts have said off-price retailers such as TJ Maxx,…
Author: usaeverydaylife
Alphabet’s latest artificial intelligence offering has analysts on Wall Street standing by their optimistic view of the stock. The company unveiled a suite of AI-powered tools at its Google IO developer conference on Tuesday that are available via $249.99 per month subscription called “Google AI Ultra .” The service includes higher usage limits, which will allow users to access the full capability of Google’s large language model Gemini, as well as new initiatives like its AI film making tool Flow and 30 terabytes of storage. The plan also includes a YouTube Premium subscription. The rollout comes as Alphabet is racing…
My top 10 things to watch Wednesday, May 21 1. Wall Street was headed for a modestly lower open as bond yields rose, the morning after the S & P 500 snapped its six-session, nearly 5.5% winning streak. The moves follow reports about finalizing the GOP budget bill to deliver tax cuts. Some members want higher SALT (state and local taxes) deductions. Others worry that a big number could exacerbate the deficit. 2. Most of April was weak because of the turmoil in Washington and President Donald Trump ‘s “Liberation Day” tariffs, which froze a lot of CEOs. Will the upswing…
Congressman Gerry Connolly (D-VA) questions witnesses during a House Committee on Oversight and Government Reform hearing titled “A Hearing with Sanctuary City Mayors” in Washington, DC on March 5, 2025. Anadolu | Anadolu | Getty ImagesDemocratic Rep. Gerry Connolly of Virginia has died at the age of 75 after a battle with esophageal cancer, his family said Wednesday.”It is with immense sadness that we share that our devoted and loving father, husband, brother, friend, and public servant, Congressman Gerald E. Connolly, passed away peacefully at his home this morning surrounded by family,” read a statement posted on Connolly’s X account.Connolly…
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025.Cfoto | Future Publishing | Getty ImagesXpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.The stock had pared gains to rise 5.23% at 12:44 p.m. London time.Here’s how Xpeng did in the first quarter versus LSEG estimates:Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected.Net loss: 660 million yuan, versus a 1.4 billion yuan loss expected and…
Canada Goose jackets for sale inside a Nordstrom store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, as CEO Erik Nordstrom said the company no longer sees a realistic path to profitability in the country, The Canadian Press reports. Photographer: Cole Burston/Bloomberg via Getty ImagesCole Burston | Bloomberg | Getty ImagesShares of Canada Goose rose around 8% on Wednesday after the company reported fiscal fourth-quarter earnings that beat analysts’ estimates, though the company pulled its fiscal year 2026 outlook due to “macroeconomic uncertainty.”The luxury retailer…
Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley reiterates Dell as overweight Morgan Stanley raised its price target on Dell ahead of earnings next week to $126 per share from $89. “Big picture, we believe DELL’s AI server positioning and momentum remains strong, that storage and general server demand remains stable with DELL a relative share gainer, and that PCs should show relative near-term strength from demand pull-forward.” Jefferies initiates Western Alliance as buy Jefferies said the regional bank has “robust growth.” “We are initiating coverage of Western Alliance with a BUY rating and a price target of…
Lowe’s on Wednesday stood by its full-year forecast, as growing sales among home professionals helped offset slower demand from do-it-yourself customers.The home improvement retailer came in just shy of Wall Street’s expectations for quarterly sales, but beat earnings estimates.Shares of Lowe’s rose nearly 3% in premarket trading Wednesday.In the company’s news release, CEO Marvin Ellison said investments in its stores, technology and customer service have helped the retailer get through “near-term uncertainty and housing market headwinds.”Home improvement demand has been in a sluggish stretch as high interest rates and slower housing turnover ding U.S. consumers’ appetite to spend on pricier…
Stifel growing bullish on Home Depot . The firm upgraded the home improvement giant to buy from hold and upped its target price to $425 per share from $405. Stifel’s forecast calls for roughly 13% upside from Tuesday’s close. Home Depot reported mixed first-quarter results , with earnings missing expectations while revenue topped estimates. However, the company stood by its full-year outlook, and CFO Richard McPhail told CNBC that the company is not planning to raise prices in response to President Donald Trump’s tariffs. “We believe this performance demonstrates HD’s idiosyncratic advantages suggesting upside potential to reiterated FY2 guidance but…
HSBC downgraded UnitedHealth shares, saying the recent rout has still not made the shares cheap enough to buy given the risks to earnings head. The firm slashed UnitedHealth’s rating reduce from hold on Wednesday, and trimmed its price target to $270 per share from $490. HSBC’s forecast implies roughly 16% downside from Tuesday’s $321.58 close. Shares are down more than 36% in 2025, as UnitedHealth contends with multiple headwinds which include the exit of its CEO earlier this month as well as a Department of Justice investigation into allegations of fraud. UNH YTD mountain UnitedHealth stock in 2025. “[The] new…
