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Lowe's Issued Cautious Annual Outlook

Aug 17, 2022
Scott Peters
The home improvement retail chain reported flat quarterly earnings and issued a cautious outlook for the remainder of the year.

LOW

Krispy Kreme's Quarterly Loss Shrank

Aug 17, 2022
Scott Peters
The doughnut chain operator said quarterly loss shrank and lowered it annual revenues estimate.

DNUT

Compass Net Loss Soars, Lowers Annual Outlook

Aug 17, 2022
Scott Peters
The real estate broker lowered significantly its annual revenues outlook and said quarterly loss soared on non-cash expenses.

COMP

U.S. Stocks Turn Lower, July Retail Sales Flat

Aug 17, 2022
Barry Adams
Stocks on Wall Street turned lower after retail sales in July were flat and investors digested the latest batch of earnings. Home builders fell after mortgage application volume dropped to a 22-year low.

TGT LOW

U.S. and European Markets Advance, Natural Gas Above $9

Aug 16, 2022
Barry Adams
Benchmark indexes closed mixed after a volatile session dominated by retail sector stocks. Investors cheered the latest earnings from Walmart and Home Depot and hoped that the strength in consumer spending will be reflected in results of other retail companies.

Walmart U.S. Comparable Store Sales Rise 6.5%

Aug 16, 2022
Scott Peters
Walmart said quarterly revenues rose largely on price increase and the retailer retained its full-year revenue outlook on the back of a stronger second-half performance expectations.

WMT

Home Depot Quarterly Income Rose 8%

Aug 16, 2022
Scott Peters
The home improvement retailer retained its outlook for annual revenues and earnings per share earnings growth. Customer transactions rose but average ticket size rose in the quarter.

HD


Ziprecruiter Swings to Profit On Lower Expenses

Aug 16, 2022
Scott Peters
Ziprecruiter swung to a quarterly profit after the online employment site lowered its sales and marketing expenses.

ZIP

ThredUp Loss Doubles and Lowers 2022 Revenue Outlook

Aug 16, 2022
Scott Peters
The apparel resale platform operator said second quarter revenues increased 27% and loss doubled.

TDUP

Retail Earnings Power Market Rebound

Aug 16, 2022
Barry Adams
Stocks struggled to stay in the positive territory and prices for crude oil fell but natural gas rose. Better-than-expected quarterly results from Home Depot and Walmart lifted market sentiment.

ALLY WMT HD TDUP ZIP

Stocks Inch Higher, Oil Drops On China Worries

Aug 15, 2022
Barry Adams
Stocks extend gains. China trimmed key lending rates after the latest economic data suggested a weakening rebound in economic activities. Crude oil fell 3%. Home builders confidence declined for the eighth month in a row.

China Unexpectedly Cuts Rates On Slow Economic Rebound

Aug 15, 2022
Brian Turner
China unexpectedly cut rates for the first time since January after industrial production and retail sales slowed in January. Despite the easing of lockdown conditions over the last three months, the economic activities rebound is weaker than anticipated.

Weekly Rise of 3% In S&P 500 and Nasdaq Indexes

Aug 12, 2022
Barry Adams
Benchmark indexes closed up 3% in the week and extended two-month advances. Bond yield inched lower and crude oil and natural gas prices closed down. Investors are hoping the sliding energy prices are easing press

Toast Lifts Annual Outlook After Quarterly Loss Shrank

Aug 12, 2022
Anand Sheth
The restaurant payment platform operator said second quarter loss shrank after gross payment volume soared 62%.

TOST


Poshmark's Active Customers Jump 14%

Aug 12, 2022
Scott Peters
The social commerce fashion platform operator of new and secondhand apparel and accessories said gross volume rose 8% in the second quarter.

POSH