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3 days ago
- Business
- Yahoo
Nasdaq Futures Climb on Upbeat Alphabet Results and Trade Deal Optimism, U.S. PMI Data in Focus
September Nasdaq 100 E-Mini futures (NQU25) are trending up +0.36% this morning as investors cheer forecast-beating quarterly results from Alphabet and remain optimistic that the U.S. may strike more trade deals soon. Alphabet (GOOGL) rose over +3% in pre-market trading after the Google parent reported stronger-than-expected Q2 results, boosted by demand for AI products. The company also projected a $10 billion increase in its capital spending for the year, with CEO Sundar Pichai attributing the move to the 'strong and growing demand for our cloud products and services.' More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Also aiding sentiment, reports emerged that the European Union and the U.S. are making headway on a deal that would impose a 15% tariff on most EU imports. In addition, Bloomberg reported that the U.S. and South Korea have discussed creating a fund to invest in American projects as part of a trade agreement. Investors now look ahead to U.S. business activity data and the next round of corporate earnings reports. In yesterday's trading session, Wall Street's three main equity benchmarks ended higher. Lamb Weston Holdings (LW) surged over +16% and was the top percentage gainer on the S&P 500 after the producer of frozen potato products posted upbeat FQ4 results and introduced a new cost savings program. Also, Baker Hughes (BKR) climbed more than +11% and was the top percentage gainer on the Nasdaq 100 after the company reported better-than-expected Q2 results. In addition, GE Vernova (GEV) advanced over +14% after the company reported stronger-than-expected Q2 results and said it expects full-year revenue to trend toward the 'higher end' of its $36B-$37B guidance. On the bearish side, Texas Instruments (TXN) plunged more than -13% and was the top percentage loser on the Nasdaq 100 after the semiconductor company issued disappointing Q3 earnings guidance. Economic data released on Wednesday showed that U.S. June existing home sales fell -2.7% m/m to a 9-month low of 3.93M, weaker than expectations of 4.00M. 'With the Aug. 1 deadline looming, investors have been encouraged by the recent trade-deal announcements,' said Ian Lyngen and Vail Hartman at BMO Capital Markets. 'The progress on the trade war will provide clarity and help the market move forward to incorporate the new global trade environment.' Second-quarter corporate earnings season continues in full flow, and investors look forward to fresh reports from notable companies today, including Blackstone (BX), Honeywell (HON), Union Pacific (UNP), Intel (INTC), and L3Harris Technologies (LHX). According to Bloomberg Intelligence, companies in the S&P 500 are expected to post an average +3.2% increase in quarterly earnings for Q2 compared to the previous year, slightly above the pre-season forecast of +2.8%. On the economic data front, all eyes are focused on S&P Global's flash U.S. purchasing managers' surveys, set to be released in a couple of hours. Economists, on average, forecast that the July Manufacturing PMI will come in at 52.7, compared to last month's value of 52.9. Also, economists expect the July Services PMI to be 53.0, compared to 52.9 in June. Investors will also focus on U.S. New Home Sales data. Economists foresee this figure coming in at 649K in June, compared to 623K in May. U.S. Initial Jobless Claims data will be released today as well. Economists estimate this figure will come in at 227K, compared to last week's number of 221K. Meanwhile, U.S. President Donald Trump is set to visit the Federal Reserve's headquarters later today. President Trump has repeatedly criticized Fed Chair Jerome Powell for his reluctance to cut interest rates. U.S. rate futures have priced in a 97.4% probability of no rate change and a 2.6% chance of a 25 basis point rate cut at next week's policy meeting. In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.396%, up +0.16%. The Euro Stoxx 50 Index is up +0.52% this morning, buoyed by a slew of upbeat earnings reports and optimism over the EU-U.S. trade agreement, with attention now shifting to the European Central Bank's monetary policy decision. Bank stocks led the gains on Thursday. Telecom, healthcare, and industrial stocks also gained ground. The European Union and the U.S. are making headway on a deal that would impose a 15% tariff on most EU imports, avoiding a steeper 30% duty set to take effect on August 1st, according to diplomats familiar with the talks. Adding to the positive sentiment, a survey released on Thursday showed that Eurozone business activity expanded at the fastest pace in 11 months in July, driven by a notable improvement in the services sector and continued signs of stabilization in manufacturing. At the same time, a separate survey showed that German consumer sentiment is set to weaken heading into August, as rising economic uncertainty prompted households to prioritize saving over spending. Meanwhile, investors are awaiting the ECB's interest rate decision later in the session, with the central bank widely expected to keep the deposit rate unchanged at 2.00% following seven straight cuts. Market participants will be watching for any hints on when it might lower interest rates again, though analysts said the central bank will likely seek to avoid sending signals about the September meeting. 'There is just too much uncertainty clouding policy right now, with the EU and U.S. still not finalizing a trade deal,' said FP Markets' Aaron Hill. In corporate news, Deutsche Bank AG ( climbed over +6%, and BNP Paribas SA ( rose more than +2% after both lenders reported stronger-than-expected Q2 earnings. At the same time, STMicroelectronics ( plunged over -9% after the chipmaker posted its first quarterly loss in more than a decade. Germany's GfK Consumer Climate Index, Eurozone's Composite PMI (preliminary), Eurozone's Manufacturing PMI (preliminary), and Eurozone's Services PMI (preliminary) data were released today. The German August GfK Consumer Climate Index stood at -21.5, weaker than expectations of -19.4. Eurozone's July Composite PMI has been reported at 51.0, stronger than expectations of 50.8. Eurozone's July Manufacturing PMI came in at 49.8, stronger than expectations of 49.7. Eurozone's July Services PMI arrived at 51.2, stronger than expectations of 50.6. Asian stock markets today settled in the green. China's Shanghai Composite Index (SHCOMP) closed up +0.65%, and Japan's Nikkei 225 Stock Index (NIK) closed up +1.59%. China's Shanghai Composite Index ended higher today as signs of improvement in U.S.-China relations boosted sentiment. Rare earth stocks led the gains on Thursday. Tourism stocks also advanced, with China Tourism Group Duty Free climbing +10% after a launch plan was announced for the Hainan Free Trade Port. The benchmark index closed above the 3,600 level for the first time since January 2022. Chinese stocks have been climbing in recent weeks, supported by Beijing's measures to rein in excessive competition and overcapacity, along with signs of improving U.S.-China trade ties. U.S. President Donald Trump said on Wednesday that the U.S. was in the process of finalizing a trade agreement with China and would implement straight tariffs for most countries. Meanwhile, U.S. Treasury Secretary Scott Bessent will meet his Chinese counterparts in Stockholm next week for economic and trade talks. In other news, European Commission President Ursula von der Leyen called for an 'essential' recalibration of trade relations with China during a tense summit on Thursday with President Xi Jinping. Investors are also looking to the country's July Politburo meeting, where policymakers will deliberate on economic policies for the second half of the year. In corporate news, WuXi Biologics rose over +3% in Hong Kong after projecting higher first-half profits. Japan's Nikkei 225 Stock Index closed sharply higher and hit a new one-year high today, extending yesterday's gains after Tokyo struck a long-awaited trade deal with Washington. Bank stocks led the gains on Thursday as investors speculated that the economic clarity provided by the trade agreement would enable the Bank of Japan to resume interest rate hikes later this year. The trade deal unveiled late Tuesday by U.S. President Donald Trump lowered the reciprocal tariff and auto-specific duties to 15%, down from the 25% Trump had previously threatened in a letter to the Japanese government. U.S. Treasury Secretary Scott Bessent cautioned that the U.S. will review the implementation of the trade agreement on a quarterly basis, and if Trump is unhappy, tariffs will return to the 25% rate for both automobiles and other Japanese goods. On the economic front, preliminary business surveys released on Thursday showed that Japan's manufacturing activity unexpectedly fell into contraction territory in July amid uncertainty over U.S. tariffs, while the country's service sector expanded at the quickest rate in five months, driven by strong demand. Meanwhile, concerns persist over Japan's domestic politics. Prime Minister Shigeru Ishiba has rejected local media reports claiming he plans to resign following his party's loss of an upper house majority, while uncertainty surrounding the country's fiscal policy remains. The Nikkei Volatility Index, which takes into account the implied volatility of Nikkei 225 options, closed up +1.63% to 23.10. The Japanese July au Jibun Bank Manufacturing PMI (preliminary) stood at 48.8, weaker than expectations of 50.2. Pre-Market U.S. Stock Movers Alphabet (GOOGL) rose over +3% in pre-market trading after the Google parent reported stronger-than-expected Q2 results, boosted by demand for AI products. The company also projected a $10 billion increase in its capital spending for the year, with CEO Sundar Pichai attributing the move to the 'strong and growing demand for our cloud products and services.' Tesla (TSLA) slid more than -6% in pre-market trading after CEO Elon Musk cautioned about tough times ahead for the company as incentives such as the EV tax credit phase out in the U.S. 'We probably could have a few rough quarters,' Musk said. ServiceNow (NOW) climbed more than +7% in pre-market trading after the enterprise software company posted upbeat Q2 results and raised its full-year subscription revenue guidance. Las Vegas Sands (LVS) gained over +6% in pre-market trading after the casino company reported stronger-than-expected Q2 results. Chipotle Mexican Grill (CMG) plunged over -11% in pre-market trading after the burrito chain reported weaker-than-expected Q2 revenue and cut its full-year comparable restaurant sales growth forecast. You can see more pre-market stock movers here Today's U.S. Earnings Spotlight: Thursday - July 24th Blackstone (BX), Honeywell (HON), Union Pacific (UNP), Intel (INTC), Newmont Goldcorp (NEM), Digital (DLR), Ameriprise Financial (AMP), Nasdaq Inc (NDAQ), L3Harris Technologies (LHX), Valero Energy (VLO), Keurig Dr Pepper (KDP), Edwards Lifesciences (EW), Westinghouse Air Brake (WAB), Tractor Supply (TSCO), STMicroelectronics (STM), VeriSign (VRSN), Dover (DOV), CenterPoint Energy (CNP), Dow (DOW), Labcorp Holdings (LH), Flex (FLEX), Teck Resources (TECK), Comfort Systems (FIX), Weyerhaeuser (WY), TransUnion (TRU), Deckers Outdoor (DECK), West Pharmaceutical Services (WST), Textron (TXT), RPM (RPM), TechnipFMC (FTI), Healthpeak Properties (DOC), Gaming & Leisure Properties (GLPI), Mobileye Global (MBLY), Lincoln Electrics (LECO), Pool (POOL), Kinsale Capital (KNSL), Ovintiv (OVV), AO Smith (AOS), LKQ (LKQ), South State (SSB), Old Republic (ORI), American Airlines (AAL), FirstService (FSV), Mohawk Industries (MHK), Ryder System (R), ADT (ADT), SLM (SLM), Boyd Gaming (BYD), FirstCash (FCFS), Darling Ingredients (DAR), Moelis & Co (MC), FTI Consulting (FCN), Valley National (VLY), Glacier (GBCI), Group 1 Automotive (GPI), Lazard (LAZ), Columbia Banking (COLB), Hexcel (HXL), Phillips Edison Co (PECO), CNX Resources (CNX), AllianceBernstein Holding LP (AB), SkyWest (SKYW), Brunswick (BC), Associated Banc-Corp (ASB), Integer Hld (ITGR), Iridium (IRDM), WSFS (WSFS), The Bancorp (TBBK), Eastern Bankshares (EBC), TRI Pointe Homes (TPH), Visteon (VC), Bread Financial Holdings (BFH), Enova International Inc (ENVA), CVB Financial (CVBF), McGrath (MGRC), Ardagh Metal Packaging (AMBP), Sonic Automotive (SAH), Atlantic Union (AUB), Seacoast Banking Florida (SBCF), HNI (HNI), Garrett Motion (GTX), Provident (PFS), WNS Holdings (WNS), First Financial Bancorp (FFBC), Boston Beer (SAM), Liberty Oilfield (LBRT), Customers Bancorp (CUBI), Minerals Technologies (MTX), Phinia (PHIN), Novocure Ltd (NVCR), Knowles Cor (KN), Imax (IMAX), 1st Source (SRCE), S&T Bancorp (STBA), Coursera (COUR), Ladder Capital (LADR), Alexander&Baldwin (ALEX), Dime Community (DCOM), CTS Corp (CTS), Byline Bancorp (BY), Berkshire Hills Bancorp (BHLB). On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
Warren Buffett's Favorite Money-Making Strategy is ‘Purchasing Fractional Interests in Easily-Identifiable Princes at Toad-Like Prices'
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B) (BRK.A), is celebrated for his candid reflections on both his successes and mistakes in the world of investing. In his 1981 shareholder letter, Buffett offered a characteristically honest assessment of his experience with corporate acquisitions, stating, 'We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports. Clearly, our kisses fell flat. We have done well with a couple of princes — but they were princes when purchased. At least our kisses didn't turn them into toads. And, finally, we have occasionally been quite successful in purchasing fractional interests in easily-identifiable princes at toad-like prices.' This quote encapsulates a philosophy that has come to define Buffett's investment approach: the preference for acquiring high-quality businesses — 'princes' — at reasonable prices, rather than hoping to transform struggling companies — 'toads' — through managerial intervention or through optimism alone. Buffett's metaphor draws from the classic fairy tale, but its lesson is grounded in decades of real-world investing experience. It boils down to a simple idea: buy high-quality companies and let them continue to grow. Expanding on that core principle, it's better to buy a high-quality company at an 'ok' price than a bad company at a great price, because the quality company will ultimately deliver greater value, while the lower-quality company is likely to continue its decline. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Early in his career, Buffett was known for seeking out so-called 'cigar butt' investments — companies trading at deep discounts to their intrinsic value, often because of operational or industry challenges. While these bargains sometimes yielded quick profits, Buffett found that time was rarely on the side of a mediocre business. As he and his longtime partner, the late Charlie Munger, evolved Berkshire Hathaway's strategy, they shifted focus toward companies with durable competitive advantages, strong management, and the ability to compound earnings over long periods. Buffett's admission that his historical attempts to 'kiss toads' have rarely produced miracles is supported by both his own track record and broader market evidence. Numerous studies and post-mortems on corporate acquisitions have shown that turnarounds are difficult to execute and often fail to deliver the hoped-for returns. By contrast, investments in well-run, fundamentally sound businesses — especially when purchased at attractive prices — have consistently been the cornerstone of Berkshire Hathaway's long-term success. The final part of Buffett's quote — highlighting the success of buying 'fractional interests in easily-identifiable princes at toad-like prices' — speaks to another key element of his philosophy: the willingness to invest in minority stakes in great companies when full ownership is not feasible or prudent. This approach has led Berkshire to build substantial positions in firms like Coca-Cola, American Express, and Moody's, generating significant value for shareholders without the risks associated with full takeovers. Buffett's reflections remain highly relevant in today's markets, where the allure of turnaround stories and high-premium acquisitions continues to tempt corporate leaders and investors alike. His experience serves as a reminder that discipline, patience, and a focus on intrinsic business quality are more reliable paths to enduring success than the hope of miraculous transformations. In a world full of both princes and toads, Buffett's advice is clear: invest where the odds — and the underlying economics—are in your favor. On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
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4 days ago
- Automotive
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Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away?
Tesla (TSLA) shares are down nearly 9% on Thursday after the EV manufacturer reported its second straight quarter of revenue decline. The automaker continued to lose share to lower-priced electric vehicles from rivals, resulting in a more-than-expected 16% decline in automotive revenue to $16.7 billion in Q2. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Including today's plunge, Tesla stock is down some 17% versus its high in the final week of May. Tesla Stock Sinks on Downbeat Commentary TSLA shares are slipping this morning mostly because the company's billionaire chief executive, Elon Musk, signaled more turbulence ahead on the earnings call, saying 'we probably could have a few rough quarters.' Additionally, President Donald Trump's administration's recently passed tax-and-spending bill, which essentially suspends federal subsidies for EV buyers, will also hurt Tesla's business moving forward, according to chief financial officer Vaibhav Taneja. In the earnings release, the finance chief also confirmed that Tesla is adjusting its supply chain to address tariff risks, which prevents the automaker from 'guaranteeing delivery orders placed in the later part of August and beyond.' That said, the EV stock is still up more than 40% versus its year-to-date low in early April. Have TSLA Shares Hit the Bottom Yet? Despite disappointing sales and disconcerting commentary, loading up on Tesla shares on the post-earnings dip may not be the worst of ideas, argued George Gianarikas, a senior Canaccord Genuity analyst in his research note today. On Thursday, Gianarikas reiterated his 'Buy' rating on the EV stock and raised his price target to $333, indicating over 10% upside from here, as 'we may have seen the bottom in growth trends with positive acceleration on the way.' According to him, the company's Q3 will benefit from U.S. consumers rushing in to buy an electric vehicle before the tax credits expire in September, and then in Q4 'they have promised new EVs, which should help the comps.' Wall Street Doesn't Agree With Gianarikas on Tesla According to other Wall Street analysts, however, Tesla stock is a 'wait-and-see' story at best. The consensus rating on TSLA shares currently sits at 'Hold' only with the mean target of about $298 still indicating potential downside from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
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4 days ago
- Business
- Yahoo
As Trump Signs the Genius Act Into Law, Should You Buy Circle Stock?
Recently listed Circle Financial (CRCL) is slowly gaining a reputation of being the Nvidia (NVDA) of the crypto industry. The hype around the USDC stablecoin issuer is real. Since its listing, the share price has rallied by more than 500%, thanks in no small part to the GENIUS Act. The GENIUS Act or 'Guardrails for Emerging and Novel Instruments Utilizing Stablecoins' Act is a U.S. is a federal law passed in July 2025 to regulate stablecoins like USDC and USDT, which is issued by Tether. Under this act, only federally approved and well-capitalized institutions (like banks or regulated fintechs) can issue stablecoins and the issuers must hold one-for-one dollar-equivalent reserves, mostly in cash or short-term Treasurys. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Acting as a further tailwind and a regulatory stamp of approval for stablecoins, this makes the case for investing in CRCL stock even more compelling. However, the stock's massive uptick has led to valuation concerns. Valuation Concerns Emerging Goldman Sachs has a price target of $83 for the stock, implying a 57% decline from current levels while stating that they 'view CRCL's business and growth attractively, but valuation appears elevated.' Meanwhile, analysts at Oppenheimer, without providing a price target, commented that they had a 'very favorable view' of Circle and its business. However, citing its punchy valuations, advised that 'investors wait for a better entry point.' Interestingly, JPMorgan, which has also been making moves in the stablecoin space, has issued an 'Underweight' rating on the CRCL stock with a price target of $80. Their concerns were also along similar lines. So, what is to be done with Circle now? Let's have a closer look. Circle: Long-Term Wows Face Off with Short-Term Woes In a recent piece, I outlined the bull and bear cases for Circle here. Essentially, Circle functions as a key infrastructure provider in the evolving digital finance ecosystem, rather than as a traditional financial institution. Instead of handling fiat transactions directly, it relies on regulated banking partners to move funds. Thus, Circle's core responsibilities remain focused on issuing digital dollars and settling them securely. This allows Circle to operate with flexibility, while reducing its exposure to banking-specific regulatory burdens. Consequently, the company is positioned as a bridge between the traditional financial system and the blockchain-based future. Meanwhile, in recent developments, Circle has begun to expand beyond just stablecoin issuance. The acquisition of Hashnote earlier this year led to the launch of USYC, a tokenized version of a U.S. Treasury money market fund. This step marks the company's entry into the broader tokenized asset space, an industry with significant long-term potential. However, regulatory shifts are shaping the company's options. The GENIUS Act, though supportive of stablecoin frameworks, imposes strict guidelines on reserve composition, limiting it to cash, demand deposits, or short-term Treasuries. This restricts the types of assets Circle can hold, reducing flexibility around yield generation and risk management. Another factor to consider is Circle's revenue-sharing agreement with Coinbase (COIN). While it has been instrumental in growing USDC's reach, the arrangement introduces recurring costs. Notably, every new distribution partner adds to Circle's payout obligations, which could weigh on future profitability. Finally, valuation remains an area of concern. Circle trades at a forward price-earnings ratio of of 154x and a price-to-sales ratio of 23.8x. This is far above the industry averages of 23.97x and 3.17x, respectively. These elevated multiples suggest that much of the company's long-term growth is already priced in, leaving little room for missteps. Financial Transformation Brings Confidence Circle's financial story over the past couple of years tells a striking tale of change. Back in 2022, it was still in the red, bringing in $772 million in revenue but ending the year with a sizable net loss of $768.8 million. Things have turned around since then. By the close of 2024, revenue had surged to $1.7 billion, and the company now reported a profit of $155.7 million. Cash flow followed a similar path. In 2022, there was negative cash flow from operations of $72.7 million. Two years later, the company was generating cash flow from operations of $344.6 million instead. Meanwhile, Circle's cash reserves have also grown stronger. From around $369 million at the end of 2023, the company's cash position nearly doubled to $751 million by the end of 2024. In a space as unpredictable as crypto, that kind of liquidity offers real flexibility. Analyst Opinions on CRCL Stock Overall, analysts have attributed a rating of 'Moderate Buy' for CRCL stock with a mean target price of $184.67 which has already been surpassed. The high target price of $280 indicates upside potential of about 50% from current levels. Out of 14 analysts covering the stock, six have a 'Strong Buy' rating, one has a 'Mdoerate Buy' rating, four have a 'Hold' rating, and three have a 'Strong Sell' rating. On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
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4 days ago
- Business
- Yahoo
Earnings Preview: What to Expect From Lowe's Report
Valued at a market cap of $128.1 billion, Lowe's Companies, Inc. (LOW) is a leading home improvement retailer headquartered in Mooresville, North Carolina. The company offers a wide range of products for the construction, maintenance, repair, remodeling, and decorating of homes and commercial properties. It is expected to announce its fiscal Q2 earnings for 2025 before the market opens on Wednesday, Aug. 20. Ahead of this event, analysts expect this home improvement giant to report a profit of $4.25 per share, up 3.7% from $4.10 per share in the year-ago quarter. The company has topped Wall Street's earnings estimates in each of the last four quarters. In Q1, LOW's EPS of $2.92 outpaced the forecasted figure by 1.4%. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect LOW to report a profit of $12.30 per share, up 2.5% from $12 per share in fiscal 2024. Furthermore, its EPS is expected to grow 9.2% year-over-year to $13.43 in fiscal 2026. LOW has declined 4.1% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 14.5% gain and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 19.9% return over the same time frame. On May 21, shares of LOW tumbled 1.7% after its Q1 earnings release, despite delivering a better-than-expected performance. Its revenue declined 2% year-over-year to $20.9 billion, but topped the consensus estimates by a slight margin. Moreover, on the earnings front, while its EPS of $2.92 fell 4.6% from the year-ago quarter, it surpassed the analyst expectations by 1.4%. However, its cash flow from operations also declined by a notable 20.7% from the same period last year to $3.4 billion, which might have weighed on investor confidence. Looking ahead to fiscal 2025, LOW expects total sales in the range of $83.5 billion to $84.5 billion, and projects EPS to be between $12.15 and $12.40. Wall Street analysts are moderately optimistic about LOW's stock, with an overall "Moderate Buy" rating. Among 30 analysts covering the stock, 20 recommend "Strong Buy," one indicates a "Moderate Buy," eight advise 'Hold,' and one suggests a "Strong Sell' rating. The mean price target for LOW is $267.93, indicating a 17.2% premium from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
