The Vanguard S&P 500 ETF closed at 594.40 Wednesday, up 0.2%.
HSBC analyst Rajesh Kumar removed his reduce recommendation and upgraded S&P 500 component company Eli Lilly (NYSE: LLY) stock to hold with a $700 price target today.
“Orforglipron’s ATTAIN-2 Phase 3 trial in diabesity appears to offer a clear commercial path for filing and commercialisation,” opines the analyst.
Lilly stock is up 0.2% on the news — and so is the Voo.
BTIG analyst Janine Stichter lowered her price target on buy-rated Lululemon Athletica (Nasdaq: LULU) to $375 ahead of earnings on September 4. “While there is potential for the full-year to be revised downward on higher tariffs and sluggish US performance,” says Stichter, “we note many estimates are already below guidance.”
Lulu seems to be setting investors up for disappointment, but the stock is up almost 2% on Stichter’s still-high price target.
Tigress Financial Partners analyst Ivan Feinseth raised his price target on Norwegian Cruise Line Holdings (NYSE: NCLH) to $38 today, with a strong buy rating.
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The Vanguard S&P 500 ETF (NYSEMKT: VOO) is up less than 0.1% as investors pause to consider whether Nvidia (Nasdaq: NVDA | NVDA Price Prediction) might beat or miss earnings this evening.
In tariffs news, the second 25% tranche of President Trump’s threatened 50% (total) tariff on Indian exports to the U.S. goes into effect today. Levied initially to discourage India from buying Russian oil, the tariff briefly convinced some Indian refiners to pause oil purchases. But according to Bloomberg reports, these imports have resumed — and so the tariffs are on.
And now, on to earnings.
S&P component company JM Smucker (NYSE: SJM) reported a fiscal Q1 2026 profit of $1.90 per share this morning, on $2.11 billion in revenue. Both earnings and revenue were exactly what Wall Street expected, but Smucker guided for weaker than expected full year fiscal 2026 earnings — and now it’s stock is down 7% premarket.
Fellow S&P component Williams-Sonoma (NYSE: WSM) reported a Q2 profit of $2, 22 cents better than analysts expected. Revenue of $1.84 billion edged past analyst expectations, and Williams-Sonoma guided higher citing “higher net revenue trends.”
Same store sales could rise 2% to 5% this year and total sales growth should be 0.5% to 3.5%. Williams-Sonoma stock is up nearly 3% in response.
Abercrombie & Fitch (NYSE: ANF) reported fiscal Q2 2026 earnings of $2.32, a nickel better than expected. Revenue was also better than expected at $1.2 billion, but guidance looks a bit weak at $10 to $10.50 for fiscal 2026.
Abercrombie stock is down 8% in consequence.
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Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
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