Department store chain Kohl’s (NYSE:KSS) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 9.4% year on year to $5.40 billion. Its GAAP profit of $0.43 per share was 43.9% below analysts’ consensus estimates.
Your day-ahead look for March 11, 2025
In recent years, few market strategists have made more timely calls than Fundstrat's Tom Lee. Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, also rallied significantly, especially after Donald Trump's presidential election victory in early November. Lately, though, as the market has sold off, Bitcoin and many other tokens in the sector have given up gains as well.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $263.3 million. Its GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
Bitcoin's value has been all over the place lately. After an initial surge following investors' optimism after President Donald Trump won the November election, the cryptocurrency's price tumbled 10% over the past three months (as of this writing) on tariff fears and rising economic concerns. Part of the surge was sparked by the SEC approving several spot Bitcoin exchange-traded funds (ETFs), making it easy for investors to own the cryptocurrency.
Sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) announced better-than-expected revenue in Q4 CY2024, but sales were flat year on year at $3.89 billion. On the other hand, the company’s full-year revenue guidance of $13.75 billion at the midpoint came in 1% below analysts’ estimates. Its GAAP profit of $3.62 per share was 2.8% above analysts’ consensus estimates.
Another unfilled CME futures gap occurs between $84,200 and $85,900.
Tesla shares dropped over 15% on Monday. Chinese EV shares, like BYD and Li Auto, rose in Hong Kong trading.
Wall St's withering stock selloff has now wiped out virtually all post-election gains and risks turning into a momentum-driven rout unless there's some change in the darkening economic picture or the uncertain U.S. government trade policy stance. While watching this jarring picture unfold in U.S. markets, I'm taking a look today at the European defense spending reboot and the extent to which it may seed another round of joint borrowing by European Union countries. Today's Market Minute * President Donald Trump’s tariffs have spooked investors,with fears of an economic downturn driving a stock marketsell-off that has wiped out $4 trillion from the S&P 500’s peaklast month.
U.S. government decisions are hurting the North American market disproportionately, consumer goods and adhesive maker Henkel said on Tuesday, the latest company to warn about uncertainty caused by President Donald Trump's trade policies. "For sure what is happening in the U.S. in terms of decisions, that's impacting especially the North American market overproportionally and is also impacting us," Carsten Knobel, chief executive of the Persil detergent and Loctite glue maker, said in a call with investors. Stocks slumped globally on Monday, while U.S. bond yields dropped as investor worries about the potential economic slowdown were exacerbated after Trump did not rule out a recession resulting from his tariffs.
