Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro Computer — Shares of the embattled server maker soared roughly 15%, extending a 16% rally Tuesday. Raymond James earlier this week initiated coverage of the stock with an outperform rating after last week’s fiscal third-quarter results. UnitedHealth — Shares of the healthcare giant rose about…
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Jefferies expects apparel maker PVH’s beat-down stock to stage a recovery. Analyst Ashley Helgans upgraded the Tommy Hilfiger and Calvin Klein parent to buy from hold and lifted her price target by $35 to $105. Helgans’ updated forecast suggests shares can surge 30.4% from Tuesday’s close. “PVH has made meaningful progress in transitioning to a more focused, efficient, and strategic company,” Helgans wrote in a Tuesday note to clients. “With a compelling roadmap and high-caliber management in place, it should see improved [long-term] results.” PVH can see sales increasing by low single-digit percentages after declining by mid single-digit percentages last…
In a photo illustration, prescription drugs are seen next to a pill bottle on July 23, 2024 in New York City.Spencer Platt | Getty Images News | Getty ImagesPresident Donald Trump’s latest bid to slash prescription drug prices has once again stirred heated debate about the high costs paid by U.S. patients.The White House leader on Monday signed an executive order to lower drug costs by tying the prices of some medicines in the U.S. to the significantly lower ones abroad.Trump said the move, which revives and expands a controversial policy from his first term known as the “most favored nation”…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAirbnb CEO Brian Chesky joins ‘Squawk Box’ to discuss the launch of its redesigned app, the debut of services and experiences within the app, the company’s remote work policy, state of the consumer, New York City’s crackdown on the company, what led to Airbnb’s overhaul, impact of AI, and more. Source link
A For Sale sign sits in front of a home on May 12, 2025 in Miami, Florida. Joe Raedle | Getty ImagesMortgage demand from homebuyers rose for the second straight week, suggesting that potential buyers are now more enticed by the increasing supply of houses for sale than they are dissuaded by recent economic uncertainty and concern over tariffs.Total mortgage application volume rose 1.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.86% from 6.84%,…
Here are Wednesday’s biggest calls on Wall Street: JPMorgan upgrades Sea Limited to overweight from neutral JPMorgan upgraded the Singapore tech conglomerate following earnings. ” SE’s strong 1Q25 results allay our concerns on macro headwinds and underscore the strength of SE’s ecosystem in delivering growth and margin improvement.” Evercore ISI initiates Centrus Energy as outperform Evercore said the nuclear energy company is a “must own.” ” Centrus Energy is a provider of nuclear fuel components and services, pioneering the domestic production of High Assay Low-Enriched Uranium (HALEU) a necessary fuel component used to power next generation nuclear reactors supporting more…
Heinz ketchup is displayed on shelves at a Walmart SuperCenter on August 02, 2023 in Austin, Texas.Brandon Bell | Getty ImagesKraft Heinz is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts.The upgrades will help lower costs by making the plants more efficient, which in turn may help offset President Donald Trump’s tariffs, which factored into the company’s decision to make the investment, said Pedro Navio, Kraft Heinz’s president of…
Perplexity is extending its bet on chat-powered shopping, aiming to stand out in the crowded generative artificial intelligence market against OpenAI, Anthropic, and Google.The company said on Wednesday that it’s partnering with PayPal to let users make purchases directly in chat. U.S. customers will soon be able to book travel, buy products, and secure concert tickets without leaving the platform.Payments will be completed in the chat with PayPal or Venmo, and PayPal will handle processing, shipping, tracking, and invoicing. Purchases will be completed with one click, with the help of the payment company’s passkey checkout.”Perplexity wants to be wherever users…
As he called to order a marathon committee session to consider Medicaid cuts and other critical pieces of Republicans’ sweeping domestic policy bill, Representative Brett Guthrie of Kentucky surveyed a packed hearing room on Tuesday afternoon and asked for a respectful debate.“I know we have deep feelings on these issues, and we may not all agree on everything,” said Mr. Guthrie, a Republican who is in his first term as chairman of the House Energy and Commerce Committee.It was not to be.Minutes later, a group of protesters in the back of the Capitol Hill hearing room began shouting at lawmakers…
Morgan Stanley moved off the sidelines on KKR after the China-U.S. trade deal sweetened the macro outlook. Analyst Michael Cyprys upgraded shares of the investment management firm to overweight from equal weight and hiked his price target by $30 to $150. Cyprys’ new target implies upside of 18.2% over Tuesday’s close. Cyprys’ call comes after the U.S. and China agreed to temporarily slash reciprocal levies on one another following weekend negotiations. The announcement eased investor fears of a trade war between the two countries and sparked a major market rally in U.S. stocks on Monday. “[We’re] leaning into risk ……
