After markets remained closed on Monday due to Memorial Day, US stocks jumped on Tuesday in response to “positive” progress on US-EU trade talks and stronger-than-expected consumer confidence data.
Regardless of the downgrade, almost all investors still consider US Treasury securities as risk free. Therefore, credit spreads versus Treasuries remain a viable stick to measure credit conditions for corporations.
Caterpillar is showing bullish strength as price action breaks above the key $350 level, suggesting the beginning of a strong move in minute wave {iii}.
TEXAS INSTRUMENTS (TXN) offers a reliable dividend with strong growth, solid profitability, and financial health, making it a compelling choice for income investors.
Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 7.5% year on year to $1.1 billion. The company expects next quarter’s revenue to be around $1.18 billion, close to analysts’ estimates. Its GAAP profit of $1.59 per share was 19.7% above analysts’ consensus estimates.
ARGAN INC (NYSE:AGX) shows strong earnings growth, rising margins, and solid cash flow, making it a potential fit for growth investors following Louis Navellier’s strategy.
Auto services provider Monro (NASDAQ:MNRO) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, but sales fell by 4.9% year on year to $295 million. Its non-GAAP loss of $0.09 per share was significantly below analysts’ consensus estimates.
Box’s Q1 earnings and revenue beat prompts analysts at Raymond James, Morgan Stanley, and JPMorgan to raise price targets and express confidence in future growth.
To resolve the issue, the accessory protocol interface module software will be updated by a dealer or via an over-the-air update, free of cost to the customers, the NHTSA said.
