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M May 2024 12.000 put
- Yahoo Finance Video
Lowe’s, Macy’s report, crypto surges: Yahoo Finance
A key week for the retail sector continues with reports from both Lowe’s (LOW) and Macy’s (M) this morning. Lowe’s earnings topped estimates, but sales did fall year-over-year. Macy’s earnings topped expectations but reported a decline in fiscal first-quarter sales. Crypto is jumping this morning amid renewed hopes the SEC could approve Ether ETFs. Ethereum (ETH-USD) surged the most, up nearly 20%, with Bitcoin (BTC-USD) and crypto-related stocks like Coinbase (COIN) and Robinhood (HOOD) seeing gains as well. Yahoo Finance trending tickers include Palo Alto Networks (PANW), Hims & Hers (HIMS), and Trump Media & Technology Group (DJT). Key guests include:9 a.m. ET - Liz Ann Sonders, Charles Schwab Chief Investment Strategist9:45 a.m. ET - Andrew Page, Amer Sports CFO10:30 a.m. ET - Kate Shindle, Actors Equity Union President11:30 a.m. ET - Charlie Morrison, Salad and Go CEO
- Yahoo Finance Video
Stocks, Nvidia earnings on Wednesday, retailers: 3 Things
After last week's historic record highs, markets (^DJI, ^IXIC, ^GSPC) are patiently waiting on the minutes from the most recent Federal Reserve meeting. Chip giant Nvidia (NVDA) is set to report its first-quarter earnings on Wednesday, May 22. Lastly, chief US retailers, among them Macy's (M) and Target (TGT), are also expected to report their latest earnings throughout this trading week. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Associated Press Finance
Macy's tops expectations for the first quarter as luxury and beauty sales shine
Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Macy's, which also operates upscale Bloomingdale's and Bluemercury beauty chains, reported earnings of $62 million, or 22 cents per share for the quarter ended May 4. Adjusted per share earnings were 27 cents, much better than the 16 cents that Wall Street was looking for, according to a survey by FactSet.
