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1 week ago | 
schaeffersresearch.com | Laura McCandless
The Nasdaq Composite Index (IXIC) is up triple digits midday, with help from Nvidia's (NVDA) post-earnings rally, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) sport more muted gains. Much of today's focus is directed toward the White House, after the U.S. Court of International Trade blocked reciprocal tariffs. Meanwhile, there is plenty of economic data to unpack, including slightly higher-than-expected weekly jobless claims.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
Semiconductor darling Nvidia Corp (NASDAQ:NVDA) was last seen up 4.2% at $140.51, after the company's better-than-expected first-quarter earnings and revenue results. The data center division, which includes artificial intelligence (AI) chips and related parts, grew 73% year over year, but the company still predicted an $8 billion impact to revenue in the second quarter due to China's new export rules. Analysts chimed in with bull notes after the results.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
The Dow Jones Industrial Average (DJI) is down triple digits midday, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) sit modestly lower as well. Investors are awaiting insight from the Federal Open Market Committee's (FOMC) May meeting minutes, due out at 2 p.m. ET, as well as Nvidia's (NVDA) earnings after the close. In the meantime, there are plenty of quarterly results to unpack, while rising bond yields provides some broader pressure.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
Shares of Vail Resorts Inc (NYSE:MTN) are up 14.7% at $173.80 at last glance, after Rob Katz -- Vail's CEO from 2006 to 2021 and the mastermind behind Epic Pass -- was tapped to reclaim the position, replacing Kirsten Lynch. In response, J.P. Morgan upgraded the ski resort name to "neutral" from "underweight," while BofA Global Research lifted its price target to $175 from $160. Today's pop has MTN trading at its highest levels since January, though the stock is still down 7.2% year-to-date.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
Drugstore stock Walgreens Boots Alliance Inc (NASDAQ:WBA) has been seeing muted price action for the past few months, ever since news that Sycamore Partners is taking the company private in a $10 billion deal. The stock was last seen flat at $11.21 today, but for those wondering if any sort of meaningful breakout is looming, June doesn't look good.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
The Dow Jones Industrial Average (DJI) is up more than 500 points midday, while the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) sit firmly higher as well. The market is continuing to enjoy tailwinds after President Trump delayed tariffs of 50% on the European Union (EU). Plus, consumer confidence made its largest jump in four years, up 12 points to 98 in May, much higher than analysts' estimated 86.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
Artificial intelligence (AI) stock SoundHound AI Inc (NASDAQ:SOUN) was last seen up 10% at $10.54, after Piper Sandler initiated coverage with an "overweight" rating and $12 price target. The firm sees substantial growth potential for the stock, noting expansion opportunities within the next few years. Since the start of the year, SoundHound stock has lost 46.7%, though it has been chopping higher since its early-April lows and just bounced off newfound support at the 40-day moving average.
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1 week ago | 
schaeffersresearch.com | Laura McCandless
Retailer Foot Locker Inc (NYSE:FL) will announce its latest quarterly results before the open Thursday, May 29. The stock has been consolidating around the $24 level since its mid-May bull gap, which came after Dick's Sporting Goods (DKS) bought the company for $2.4 billion. Year to date, the equity is up 10.2%. FL has a history of outsized post-earnings moves, averaging a next-day swing of 17.5%, regardless of direction, over the past two years.
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2 weeks ago | 
schaeffersresearch.com | Laura McCandless
Stocks are lower midday after President Trump called for 50% tariffs on the European Union (EU), and warned Apple (AAPL) of potential duties on iPhones made outside of the U.S. The Dow Jones Industrial Average (DJI) and Nasdaq Composite Index (IXIC) are both down triple digits, while the S&P 500 Index (SPX) sports a modest deficit as well. Meanwhile, new home sales in April rose 10.9% to a seasonally-adjusted annual rate of 743,000, the highest level since February 2022.
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2 weeks ago | 
schaeffersresearch.com | Laura McCandless
Footwear stock Deckers Outdoor Corp (NYSE:DECK) is down 20.2% to trade at $100.67 at last glance, after the company declined to provide a full-year forecast due to economic uncertainty. The Hoka maker is also brushing off better-than-expected fiscal fourth-quarter results and saw a wave of price-target cuts, as well as a downgrades from both Keybanc and Telsey Advisory.
