One more earnings report from last night deserves mention:
Clothing store chain The Gap (NYSE: GAP | GAP Price Prediction) beat Q3 earnings by four cents, reporting $0.62 per share in profit on sales of $3.94 billion — about $40 million more than expected. Gap management also raised the floor on its forecast for fiscal 2025 sales growth, which should now grow between 1.7% and 2%, and raised its guidance for profit margin as well.
Gap stock is currently up 4.5%. The Voo, however, has once again reversed and is now down 0.2%.
Contact [email protected] for any questions or corrections.
With a handful of satellites now in orbit, Amazon.com (Nasdaq: AMZN) has renamed its new “Project Kuiper” satellite communications constellation “Amazon Leo” instead — LEO referring to the satellites’ location in “Low Earth Orbit.”
Amazon just announced it will launch its next batch of satellites December 15, aboard a United Launch Alliance Atlas V rocket, and still aims to have “more than 3,000 spacecraft” in orbit eventually, competing with SpaceX Starlink. A successful launch will bring Leo’s status to 180 satellites in orbit. The company expects it will need to launch a total of at least 80 times to complete the constellation.
Amazon stock is up a modest 0.2% today, but the Voo is now gaining strength again, and up 0.5%.
In other earnings news this morning, BJ’s Wholesale Club (NYSE: BJ) just reported six cents better earnings than expected for its fiscal Q3 2026. Earnings per share were $1.16, while revenue for the quarter nailed the analyst forecast of $5.35 billion.
BJ’s then proceeded to give strong guidance for the rest of fiscal 2026, saying earnings will range from $4.30 to $4.40. Taken at the midpoint, that’s two cents better than analysts had expected. Still, the beat appears to have been not quite big enough to please investors, and BJ’s stock is down about 2% this morning.
The Voo, however, is still up 0.4%.
This article will be updated throughout the day, so check back often for more daily updates. Federal Reserve Chairman Jerome Powell is scheduled to give a speech at the Fed’s Jackson Hole conference later…
This article will be updated throughout the day, so check back often for more daily updates. Inflation grew much more slowly than expected last month, as revealed in a just-released Consumer Price Index (CPI)…
This article will be updated throughout the day, so check back often for more daily updates. It’s a pretty slow news day on Wall Street so far, with most professional investors waiting to hear…
This article will be updated throughout the day, so check back often for more daily updates. President Trump tweaked his global “reciprocal tariffs” policy again last night, signing an executive order imposing tariff rates…
This article will be updated throughout the day, so check back often for more daily updates. The U.S. Bureau of Labor Statistics reported today that first-time unemployment filings declined by 14,000 week over week.…
This article will be updated throughout the day, so check back often for more daily updates. Today’s the day. For the past 48 hours or so, the Federal Open Market Committee has been meeting…
This article will be updated throughout the day, so check back often for more daily updates. Cryptocurrency investors had a bad day on Monday, as Bitcoin prices fell 6%, Ether 8%, and Solana 9%.…
This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF (NYSEMKT: VOO) ended up gaining a modest 0.25% on Thursday, one day after…
This article will be updated throughout the day, so check back often for more daily updates. Two of the biggest “Magnificent 7” stocks reported earnings last night, and the numbers were anything but scary.…
