Fernanda Horner

Cincinnati

Digital Content Manager at Schaeffer's Investment Research

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Articles

Dow, Nasdaq Up Triple Digits Amid Labor Market Optimism

2 days ago | schaeffersresearch.com | Fernanda Horner

Stocks are rallying this afternoon, boosted by better-than-expected nonfarm payrolls data for May. The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are both up triple digits this afternoon, while the S&P 500 Index (SPX) is also firmly higher after earlier hitting 6,000 for the first time since February. Despitte ongoing headlines around the feud between President Donald Trump and Tesla (TSLA) CEO Elon Musk, all three major benchmarks remain on track for weekly gains.
Lululemon Stock Eyes Worst Day Since 2020 After Earnings

2 days ago | schaeffersresearch.com | Fernanda Horner

Lululemon Athletica Inc (NASDAQ:LULU) stock is down 19.7% to trade at $265.71, after the athleisure company's fiscal second-quarter and full-year guidance missed expectations, with tariff pressures the culprit. At least 12 brokerages cut their price targets as a result, the steepest coming from BMO to $250 from $302. The shares are on track for their worst day since March 2020 and earlier gapped to their lowest level since April.
June Kicks Off With Mixed Jobs Data, Trump-Musk Feud

2 days ago | schaeffersresearch.com | Fernanda Horner

The OECD lowered its U.S. growth outlook this week The ADP jobs report missed analysts' estimates, but nonfarm payrolls surpassed them The first week of May was anything but quiet. President Donald Trump and Tesla (TSLA) CEO Elon Musk trading jabs on social media amid a disagreement over the Trump administration's "Big, Beautiful" tax and spending bill.
Stocks Higher on 'Very Good' U.S.-China Trade Talks

2 days ago | schaeffersresearch.com | Fernanda Horner

The Dow Jones Industrial Average (DJI) is higher this afternoon as investors monitor trade talks between President Donald Trump and Chinese President Xi Jinping. Trump reportedly initiated the call and described it on Truth Social as a “very good phone call.” Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly in the black, looking to extend their win streaks to four days ahead of tomorrow's release of nonfarm payrolls data for May.
Luxury Retail Stock Sinks on Dismal Revenue Outlook

3 days ago | schaeffersresearch.com | Fernanda Horner

Luxury apparel stock PVH Corp (NYSE:PVH) is down 16.3% to trade at $67.68, heading for its worst single-session decline since April 2024. The parent company of Calvin Klein and Tommy Hilfiger slashed its fiscal second-quarter profit guidance due to higher tariffs a move that is overshadowing better-than-expected earnings and revenue for the first quarter. Wells Fargo and BMO chimed in with price-target cuts, the former to $84 from $93, and the latter to $80 from $100.
Former Meme Stock GameStop Buzzing Before Earnings

3 days ago | schaeffersresearch.com | Fernanda Horner

GameStop Corp(NYSE:GME) is gearing up to announce first-quarter results after the close on Tuesday, June 10. The company was in the spotlight after its board approved plans to use corporate dollars to buy Bitcoin (BTC), a move that is part of its investment strategy. GameStop stock has a generally positive history of post-earnings moves, finishing five of its last eight earnings reports higher, including an 11.7% pop in March.
Dollar Tree Stock Gaps Lower as Tariffs Ding Forecast

4 days ago | schaeffersresearch.com | Fernanda Horner

Dollar Tree Inc (NASDAQ:DLTR) stock is down 9.4% to trade at $87.62 at last glance, brushing off a first-quarter earnings and revenue beat after the discount retailer also issued a lackluster forecast for the current quarter, citing recent tariff uncertainty. DLTR is on track for its worst day since April 3 as it pulls back from its highest level since August.
Stock Futures Flat as ADP Jobs Data Disappoints

4 days ago | schaeffersresearch.com | Fernanda Horner

A weaker-than-expected ADP jobs report is sparking concerns about the economy this morning. Private payrolls rose 37,000 in May, well below analysts' estimates of a 110,000 increase, and hit its lowest level in more than two years. As a result, futures on the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX) and Nasdaq-100 (NDX) are flat. President Donald Trump urging Federal Reserve Chai Jerome Powell to lower interest rates.
Fast Food Stock Flashing Surefire Bull Signal

4 days ago | schaeffersresearch.com | Fernanda Horner

The shares of Yum! Brands Inc (NYSE:YUM) are up 0.8% to trade at $145.07 at last glance while sporting an 8.7% year-to-date lead. Pressure at the 20-day moving average is keeping a lid on today's gains, while the $153 region has acted as a ceiling since the stock's April 4 bear gap of 8.4%. The shares are now trading within striking distance of a historically bullish trendline, however, which may help it close that bear gap.
Broadcom Stock Hits Record High Before Earnings

4 days ago | schaeffersresearch.com | Fernanda Horner

The shares of semiconductor giant Broadcom Inc (NASDAQ:AVGO) are up 2.9% to trade at $255.89 at last glance, and earlier surged to a record peak of $257.88 after the company announced it started shipping its Tomahawk 6 chip, designed to speed up artificial intelligence (AI). The update comes ahead of the company's fiscal second-quarter report, due out after the close on Thursday, June 5. In response, Citigroup hiked AVGO's price objective to $276 from $210.