Latest news with #TractorSupplyCo
Bloomberg
07-07-2025
- Automotive
- Bloomberg
Stock Movers: Tesla, Tractor Supply, Core Scientific
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sonali Basak, Tim Stenovec and Emily Graffeo On this episode of Stock Movers - Tesla (TSLA) shares fell after Elon Musk announced he's forming a new political party, digging deeper into a pursuit that's been a drag on his most valuable business. The CEO announced over the weekend that he'll take on Republicans and Democrats with the 'America Party,' focusing on House and Senate seats for the next 12 months. After that, backing a candidate for president isn't out of the question, Musk wrote on X. Tesla's stock slid 7.4% as of 11 a.m. Monday in New York, wiping out $16.7 billion from his net worth, according to the Bloomberg Billionaires Index. If that drop were to hold, it would be the biggest decline for the shares since Musk's initial falling out with Donald Trump over the president's tax bill in early June. The stock has declined 28% this year as the CEO's politicking has hurt Tesla's standing with car buyers. -Tractor Supply Co. (TSCO) gains as much as 2.6%, rising to the highest intraday level since April, after adjusted sales observed by Bloomberg Second Measure rose 4.3% in the second fiscal quarter. The data draws from a sample of credit and debit card purchases made by US consumers. Analysts currently estimate revenue for the quarter of $4.4 billion, up 3.6% YoY. Bloomberg Second Measure observed sales have achieved high correlation with the company's reported revenue growth during the past five years. - CoreWeave (CRWV) is dropping $9 billion on the data-center operator Core Scientific Inc. in an effort to gain more direct control over the physical assets powering the artificial-intelligence boom. In buying Core Scientific (CORZ) in an all-stock deal, CoreWeave will inherit more than a gigawatt of data-center capacity across the US — much of which is already contracted out to serve its clients in training, deploying and using AI models. CoreWeave said Monday that controlling more of its supply chain will eliminate lease expenses, reduce costs including those associated with financing projects and 'future-proof' its revenue growth.
Yahoo
07-04-2025
- Business
- Yahoo
S&P 500 Gains and Losses Today: Homebuilder Stocks Fall as Pricing Pressure Lingers
The S&P 500 slid 0.2% on Monday, April 7, as investors reacted to the latest trade news, including President Donald Trump's warning of additional tariffs on China. Homebuilder stocks gave back gains posted Friday as enthusiasm over a tariff exemption for lumber gave way to concerns about other building materials. Shares of Super Micro Computer and other AI players rebounded as analysts reaffirmed the technology's potential despite the market U.S. equities indexes were mixed on the first day of the new trading week, with stocks wavering after President Donald Trump threatened to impose an additional 50% levy on China if the Asian nation fails to rescind its 34% retaliatory tariff on U.S. goods. Following dramatic swings driven by shifting developments in the trade conflict, the S&P 500 ended the session 0.2% lower. The Dow dropped 0.9%, while the Nasdaq eked out a daily gain of 0.1%. Tractor Supply Co. (TSCO) shares sank 5.8%, losing the most of any stock in the S&P 500. The retailer of rural lifestyle products has pointed to its past success in adapting to tariffs during Trump's first presidential term, which its CEO said involved a roughly even split of the burden between the company itself, supplying manufacturers, and price increases for customers. While the company imports a relatively limited amount of the products it sells, a significant amount of those imports come from China. At the same time, tariffs on materials like steel and aluminum could also add to price pressure. Shares of tool manufacturer Stanley Black & Decker (SWK) dropped 5.7%. Monday's decline extended losses posted last week following Trump's tariff announcement. With a significant production footprint in Asia, Stanley could see a major impact from the intensifying trade conflict. During its latest earnings call, the company's chief financial officer (CFO) estimated a potential net tariff impact of $10 million to $20 million in 2025, but he indicated that the company would implement countermeasures, including supply chain adjustments and pricing measures. Homebuilder stocks lost ground, reversing some of the strong gains posted late last week as the broader markets tumbled. In addition to signs of a possible reprieve in interest rates, the exemption of lumber imports from Canada contributed to enthusiasm around the homebuilding sector on Friday. However, the National Association of Home Builders (NAHB) indicated that tariffs on other key materials could still contribute to price increases for homes around the country. Shares of D.R. Horton (DHI), PulteGroup (PHM), and NVR (NVR) all declined roughly 5% on Monday. Shares of companies exposed to artificial intelligence (AI) technology staged a partial recovery from the tariff-driven selloff. Analysts at Bernstein said that, while it is difficult to predict how long or deep the market downturn may turn out to be, they maintain their belief in the underlying AI story. Shares of AI server maker Super Micro Computer (SMCI) jumped 10.7%, notching the top performance of any S&P 500 stock, while shares of other AI players also pushed higher. Dollar Tree (DLTR) shares jumped 7.8% after Citi upgraded the discount retailer's stock to "buy" from "neutral." Analysts noted that Dollar Tree could have the flexibility to raise its prices as tariffs affect global supply chains, suggesting that the company's stores could lift price tags to $1.75 from current levels of $1.25 without encountering significant pushback. Citi's team also recalled that when Dollar Tree initially moved past the $1 price point several years ago, the company saw sales growth and a boost in its EBIT margin. Shares of Texas Pacific Land (TPL), which owns major acreage in the oil-rich Permian Basin, added 6.9%. Emerging from the bankruptcy of a railroad company in the 19th century, the land trust has been exploring opportunities to diversify its revenues, including water sales, easements, and even cryptocurrency mining projects. Read the original article on Investopedia Sign in to access your portfolio
Washington Post
30-01-2025
- Business
- Washington Post
Tractor Supply: Q4 Earnings Snapshot
BRENTWOOD, Tenn. — BRENTWOOD, Tenn. — Tractor Supply Co. (TSCO) on Thursday reported fourth-quarter earnings of $236.4 million. The Brentwood, Tennessee-based company said it had profit of 44 cents per share. The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
