Articles

For the 14th year in a row, the S&P 500 did better than the majority of actively managed U.S. large-cap stock funds

‘Beating the benchmark is very difficult,’ says Anu Ganti, head of U.S. index investment strategy at S&P Dow Jones Indices

CrowdStrike flirts with historic stock gains as it closes in on Palo Alto Networks

Against a tough backdrop for cybersecurity stocks, CrowdStrike delivered big with its latest earnings.

Virginia’s adult-use cannabis bill could become law, even if the governor fails to act

Measure could pass if Gov. Glenn Youngkin fails to act because the state has no pocket veto.

Job openings stay at 8.9 million — still lots of demand for labor

The number of job openings in the U.S. stayed at 8.9 million for the third month in a row, suggesting the demand for labor remains quite robust.

Target’s ‘pivot to growth’ coming as it moves past recent issues, says D.A. Davidson

Target Corp. is well positioned for growth in its second-quarter as the retail giant gets past the challenges of recent years, such as the 2023 controversy over Pride-themed products, according to analyst firm D.A. Davidson.

EVgo’s stock jumps as EV-charging revenue triples

Shares of EVgo Inc. got a nice boost Wednesday after the company, which operates an electric-vehicle-charging network, reported fourth-quarter results that beat expectations, with charging revenue more than tripling.

Abercrombie & Fitch’s stock falls as sales beat by smallest margin in 6 quarters

Abercrombie & Fitch’s stock pulled back Wednesday, as the apparel and accessories retailer’s quarterly results and outlook were good, but apparently not good enough to keep fueling the stock’s recent rocket ride to record highs.

Thor Industries’ stock posts double-digit loss after earnings miss amid ‘challenging operating environment’

Recreational vehicle maker cuts 2024 guidance and missed earnings estimates.

Brown-Forman’s stock dips after Jack Daniel’s parent’s sales fall short of estimates

Brown-Forman Corp. ‘s stock fell 4.6% early Wednesday, after the parent of Jack Daniel’s whiskey’s fiscal third-quarter sales fell short of estimates, overshadowing a profit beat.

ADP says 140,000 private-sector jobs created in February. Labor market softening but still strong.

American businesses added 140,000 new jobs in February, paycheck company ADP said, in a sign that demand for labor might be slacking after a frenzy of hiring last year.

Foot Locker’s stock dives as price cuts hurt margins, profit outlook disappoints

Foot Locker’s stock took a tumble Wednesday, after the athletic shoe apparel retailer provided a full-year profit outlook that was below expectations, and pushed back the timing of reaching its target for adjusted margins by two years.

Palantir’s Army-contract win sends stock surging

One bear is still cautious in the wake of a new Army award that could help reaccelerate Palantir’s U.S. government revenue.
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