Best Buy Falls After Trimming Outlook on Hit From Tariffs
The company said comparable sales for the year will gain as much as 1%, down from a previous forecast of as much as 2%. The retailer also cut its view on adjusted earnings.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Kingpins New York 2025 ups attendees on expanded denim roster
Kingpins New York 2025, which took place on 23-24 July saw almost 690 attendees from nearly 320 companies meet with its denim exhibitors. It noted that its attendance was up over July 2024 show and companies included Levi Strauss; Gap; Alexander Wang; Ralph Lauren; Good American; Calvin Klein; Michael Kors; Carhartt; and Kontoor Brand among others. Kingpins New York 2025 introduced a new area devoted to Japanese mills and manufacturers and also had a showcase of new denim innovations and an educational programme for the denim community. Kingpins CEO Vivian Wang explained: 'The feedback has been clear: people noticed the thought and care we put into every detail, from a full house of seminars to the energy on the floor. That tells me we did something right, and I'm truly grateful. "We understand our industry faces ongoing challenges — from tariffs to shifting supply chains and global uncertainty. But brands continue to come to our show. That is important. "In the years since the pandemic, we've all learned to adapt — and more importantly, to reprioritise. So seeing both new and familiar faces at the show means the world to us.' Other new initiatives included the Jeanius Hub, which was an area for new companies, innovations and ideas, including LAB Denim, Circ, COLOURizd, and Circulose. The show also featured Denim 101, an interactive discussion about denim history and fibre led by industry experts with extensive hands-on denim business experience, including Freedom Denim's Michael Morell; Proximity Manufacturing Company's Evan Morrison; and Cone Denim's Caitlyn Holt. The seminar programme featured a denim forecast, Future Fit Forum and discussions on nearshoring as well as a meet the creator session and from lab to loom. Ahead of the event Kingpins New York shared a preview of its new exhibitors, programmes and advancements that would be on display. "Kingpins New York 2025 ups attendees on expanded denim roster" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
23 minutes ago
- Yahoo
Exelixis (EXEL) Tumbles 16.8% as Q2 Earnings Disappoint
We recently published . Exelixis, Inc. (NASDAQ:EXEL) is one of the worst-performing stocks on Tuesday. Exelixis nosedived by 16.78 percent on Tuesday to close at $36.94 apiece as investors took path from a dismal earnings performance in the second quarter of the year. In its earnings release, Exelixis, Inc. (NASDAQ:EXEL) said net income during the period dropped by 18 percent to $185 million from $226 million in the same period last year. Photo by National Cancer Institute on Unsplash Revenues, on the other hand, dropped by 10.8 percent to $568 million from $637 million year-on-year. For the full-year period, Exelixis, Inc. (NASDAQ:EXEL) expects total revenues to end between $2.25 billion and $2.35 billion, while net product revenues are projected to settle at a range of $2.05 billion to $2.15 billion. Commenting on the performance, Exelixis, Inc. (NASDAQ:EXEL) said that the company 'continued to execute on our corporate objectives in the second While we acknowledge the potential of EXEL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
At US$280, Is It Time To Put monday.com Ltd. (NASDAQ:MNDY) On Your Watch List?
Let's talk about the popular Ltd. (NASDAQ:MNDY). The company's shares saw a significant share price rise of 22% in the past couple of months on the NASDAQGS. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on outlook and valuation to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. What's The Opportunity In The stock seems fairly valued at the moment according to our valuation model. It's trading around 17.50% above our intrinsic value, which means if you buy today, you'd be paying a relatively reasonable price for it. And if you believe the company's true value is $238.67, there's only an insignificant downside when the price falls to its real value. So, is there another chance to buy low in the future? Given that share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for What does the future of look like? Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. What This Means For You Are you a shareholder? MNDY's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value? Are you a potential investor? If you've been keeping an eye on MNDY, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. It can be quite valuable to consider what analysts expect for from their most recent forecasts. So feel free to check out our free graph representing analyst forecasts. If you are no longer interested in you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
