GPS Jul 2024 20.000 put
- Yahoo Finance Video
Trump conviction, PCE data, Dell earnings: Morning Brief
On today's episode of the Morning Brief, co-hosts Brad Smith and Seana Smith delve into the aftermath of the Trump verdict, analyze trending tickers, and gauge market reactions to the latest PCE data release. Donald Trump's unprecedented conviction on all 34 felony charges in his hush money trial has sent shockwaves through the political landscape. Yahoo Finance's Rick Newman dissects the implications of this verdict on Trump's political future, while 22V Senior Managing Director Kim Wallace joins the show to explore how this landmark decision could influence broader market trends. The episode then covers the stock reactions of companies like Costco (COST), Dell (DELL), and Gap (GPS) following the release of their respective quarterly earnings reports. As markets eagerly await the Federal Reserve's next interest rate decision, April's Personal Consumption Expenditures (PCE) report aligned with analyst expectations. HSBC US Economist Ryan Wang and Invesco Chief Global Market Strategist Kristina Hooper join the discussion to dissect the PCE print and assess the possibility of rate cuts this year. This post was written by Angel Smith
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PCE inflation data, Trump verdict, retail earnings: 3 Things
Stocks are on course (^DJI, ^IXIC, ^GSPC) to open Friday's session higher — the last trading day of May — on in-line inflation data from the PCE (Personal Consumption Expenditures) Index. Former President Donald Trump was found guilty on all 34 felony charges by a New York jury in his criminal hush money trial, having an impact on shares of Trump Media & Technology Group (DJT). Lastly, earnings out from big-box retailer Costco (COST) and fashion outlet Gap (GPS) may be indicating that the US consumer are still willing to spend. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Gap earnings crush estimates, raises sales outlook
Gap (GPS) reported first quarter results that topped Wall Street estimates on both the top and bottom lines. Earnings of $0.41 per share were far better than the expectations of $0.13. Net sales of $3.4 billion were better than the expected $3.28 billion. In addition, all of the retailer's brands posted better-than-expected same-store sales results. The retailer also raised its full-year sales and operating income outlook. Yahoo Finance's Julie Hyman and Josh Lipton break down Gap's results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
