Tag: Marketwatch

Jul 29
S&P 500, Dow book highest close in about 7 weeks on Thursday, stocks extend rally as earnings ramp up

U.S. stocks finished higher Thursday, extending a rally that lifted the S&P 500 and Dow to their highest close in roughly seven weeks, according to FactSet data. The Dow Jones Industrial Average DJIA, +1.03% climbed roughly 330 points, or 1%, ending near 32,526. The S&P 500 index SPX, +1.21% gained 1.2% to book its highest […]

Jul 29
Chemours stock rallies more than 6% on Q2 beat, cash flow outlook

Shares of Chemours Co. CC, +1.99% rallied more than 6% in the extended session Thursday after the chemical company reported better-than-expected adjusted profit and sales, and increased its cash-flow outlook. Chemours said it earned $201 million, or $1.26 a share, in the second quarter, compared with $66 million, or 39 cents a share, in the […]

Jul 29
DexCom stock drops 17% after company’s Q2 miss

DexCom Inc. DXCM, +1.39% shares fell nearly 17% in the extended session Thursday after the maker of glucose monitoring systems missed analyst expectations for its first quarter and tweaked higher its 2022 revenue outlook. DexCom said it earned $51 million, or 12 cents a share, in the second quarter, compared with $78.4 million, or 19 […]

Jul 29
Ugg boot maker Deckers’ fiscal Q1 earnings, sales top views, stock up 4%

Deckers Outdoor Corp. DECK, +2.14% stock jumped more than 4% in the extended session Thursday after the maker of Teva sandals and Ugg boots, among other brands, reported fiscal first-quarter earnings and sales above Wall Street expectations and tweaked higher its per-share earnings outlook for the year. Deckers said it earned $44.9 million, or $1.66 […]

Jul 28
U.S. Steel stock gains 4% after Q2 beat, $500 million share buyback

Shares of U.S. Steel Corp. X, +2.17% rose more than 4% in the extended session Thursday after the producer reported profit and sales above Wall Street expectations and said that it was “bullish” about its outlook, with other industries picking up the slack of slowing-down sectors. U.S. Steel said it earned $978 million, or $3.42 […]

Jul 28
GE’s stock rises again, toward longest win streak in 6 years

Shares of General Electric Co. GE, +2.18% rallied 2.3% in afternoon trading Thursday toward a seven-week high, to put them on track for the longest win streak in six years. The industrial conglomerate’s stock’s extended rally comes two days after GE reported a big second-quarter profit beat, surprisingly positive free cash flow and the first […]

Jul 28
Kohl’s is the exclusive retailer for a limited-edition Levi’s SilverTab 90s collection

Kohl’s Corp. KSS, +3.38% announced Thursday that it has partnered with Levi Strauss & Co. LEVI, +2.41% for an exclusive limited-time SilverTab capsule collection. The collection will have a 90s throwback vibe, with baggy clothing for men, women and kids. Levi’s were a big seller during Amazon AMZN, +1.19% Prime Day, and the denim company […]

Jul 28
EIA reports a smaller-than-expected weekly rise in U.S. supplies

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 15 billion cubic feet for the week ended July 22. That compared to an average forecast for an increase of 25 billion cubic feet from analysts polled by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.416 […]

Jul 28
Wingstop shares jump after profit beat and guidance maintained

Wingstop Inc. WING, +24.67% shares jumped nearly 13% in Thursday premarket trading after it reported second-quarter profit that beat the Street and, unlike many companies lately, maintained its guidance for the year. The chicken wing chain posted net income of $13.3 million, or 44 cents per share, up from $11.3 million, or 38 cents per […]

Jul 28
Pfizer reports big profit and revenue beats, as COVID drug sales increase by nearly $9 billion

Shares of Pfizer Inc. PFE, -0.67% gained 0.3% in premarket trading Thursday, after the pharmaceutical giant reported big second-quarter profit and revenue beats, driven primarily by “strong contributions” from its COVID drugs Comirnaty and Paxlovid. Net income rose to $9.91 billion, or $1.73 a share, from $5.56 billion, or 98 cents a share, in the […]