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American Eagle Outfitters Plans to Cut Staff and Expense After Quarterly Loss

Sep 8, 2022
Scott Peters
The apparel retailer guided lower gross margins in the next two quarters on higher than usual markdowns. The company plans to cut store payroll, corporate expenses and advertising.

AEO

Movers: American Eagle Outfitters, Asana, Dave & Buster's, GameStop, McCormick, Regeneron Pharma

Sep 8, 2022
Barry Adams
American Eagle Outfitters dropped on higher markdowns and weaker outlook. GameStop reported wider loss. McCormick lowered its annual outlook.

Fed's Hawkish Comments Fail to Dampen Market Advance

Sep 8, 2022
Barry Adams
Stocks turned lower after hawkish comments from the Fed Chair Powell. Investors are still skeptical despite the Fed's persistent reiteration of its commitment in fighting high inflation.

GitLab Revenues and Loss Surge

Sep 7, 2022
Scott Peters
GitLab said revenues rose in the July quarter but losses surged as well.

U.S. Stocks Advance Overcoming Rate Hike Worries, Oil Plunges 6%

Sep 7, 2022
Barry Adams
The Nasdaq Composite index halted a 7-day slide and tech stocks rebounded after crude oil plunged. Oil prices plunged 6% and extended 10-day slide to 16% from its recent peak on Aug 29.

Movers: Baxter, Coupa Software, Dexcom, Gitlab, Ross Stores, Twitter, Starbucks, United Airlines

Sep 7, 2022
Barry Adams
United bumped up its third quarter revenues outlook on higher summer travel demand. Twitter trial is set to proceed after a Delaware judge disallowed Musk's request to postpone.

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Stocks Brave Higher as Markets Anticipate Larger Rate Hikes

Sep 7, 2022
Barry Adams
Crude oil drops to a six-month low as central banks around the world are set to lift rates battling four-decade high inflation.



Yields Rise, Stocks Fall After Service Report, Stronger Dollar Another Hurdle for Global Markets

Sep 6, 2022
Barry Adams
Global financial markets struggle to adjust to the rising dollar, driving the Japanese yen, the U.K. pound and the euro to lows not seen in decades.

Movers: 1800Flowers, Apple, Bed Bath & Beyond, Datadog, Illumina, Lululemon, Okta, Signify

Sep 6, 2022
Barry Adams
Illumina plans to appeal the European regulator's decision to reject the GRAIL deal. Apple is scheduled to release a new iPhone tomorrow. Signify Health agreed to be acquired by CVS.

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Stocks Wavers, Bond Yields Rise, Crude Eases

Sep 6, 2022
Barry Adams
In volatile trading, benchmark indexes lacked direction, bond yields rose and energy prices eased.

S&P 500 Down Third Week In a Row, Nasdaq Falls 6th Day Straight

Sep 2, 2022
Barry Adams
Benchmark indexes extended losses for the third week in a row as investors shifted focus to the Fed's next move after the latest jobs report showed slower but solid job additions in August.

1-800-Flowes.com Drops to Eight-year Low After Quarterly Results

Sep 2, 2022
Scott Peters
The online florist and gift retailer swung to a net loss after the company struggled to integrate recent acquisitions and battled rising operating and digital marketing costs.

FLWS

Movers: 1800Flowers, Bed Bath & Beyond, Broadcom, Lululemon, Pagerduty, Starbucks

Sep 2, 2022
Barry Adams
Oil complex stocks led the gainers after the release of jobs report. Starbucks appointed a new chief. Lululemon surged on positive outlook. Broadcom gained on strong quarterly results.

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Job Growth Slowed but Solid Despite Rising Interest Rates

Sep 2, 2022
Barry Adams
August payrolls slowed but still broad-based and healthy increase supported the market narrative that the Fed may slow down the pace of future rate hikes.



Global Markets Struggle, Oil Falls On Rate-hike and China Worries

Sep 1, 2022
Barry Adams
Bond yields rose to multi-year highs and crude oil fell after three large cities in China impose stricter mobility and social gathering restrictions. Crude oil fell 4%.