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Yahoo
a day ago
- Business
- Yahoo
Why Abercrombie & Fitch Stock Is Soaring This Week
Abercrombie reported another strong quarter despite tariff issues. The company was forced to lower guidance due to the levies, especially those imposed on China. The company believes the impact won't be as severe as some had feared. 10 stocks we like better than Abercrombie & Fitch › Shares of Abercrombie & Fitch (NYSE: ANF) are trading higher this week. The company's stock jumped 9.7% as of 2:15 p.m. ET. The move up comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq-100 were up 1.4% and 1.1%, respectively. The clothing retailer released its quarterly numbers on Wednesday, beating Wall Street targets at a time when other retailers are struggling. Abercrombie posted a strong quarter and set relatively optimistic guidance, even in the face of uncertainty around Trump's tariffs. The company delivered earnings per share (EPS) of $1.59 on sales of $1.10 billion for the quarter, beating consensus expectations of $1.39 on $1.07 billion in sales. Investors were pleased with the performance, willing to look past the company's downward adjustments to its forecast of earnings and margins for the full year. The company was projecting EPS between $10.40 and $11.40, but now expects between $9.50 and $10.50. Operating margins guidance was also cut, from 14%-15% to 12.5%-13.5%. While downgrades are rarely well received, they were less than many anticipated, given Trump's introduction of sweeping tariffs in April. CEO Fran Horowitz was pleased, telling investors the quarter beat "expectations and was supported by broad-based growth across our three regions," attributing the success primarily to the Hollister brand, which "led the performance with growth of 22%, achieving its best-ever first-quarter net sales." She also noted that sales growth for Abercrombie's core brand had slowed slightly, but is still in the double digits. Abercrombie has reinvented itself, no longer the controversial brand of the early 2000s. It continues to show strong, resilient growth at a time when many clothing retailers are struggling. I think it is a solid pick. Before you buy stock in Abercrombie & Fitch, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Abercrombie & Fitch wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Abercrombie & Fitch Stock Is Soaring This Week was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Investor playbook: 'TACO' trade gains steam but isn't foolproof
US markets (^GSPC, ^IXIC, ^DJI) are swinging on shifting trade signals and tariff uncertainty tied to President Trump's latest comments and legal setbacks. Yahoo Finance Senior Reporter Allie Canal breaks down how the so-called "TACO" trade ("Trump Always Chickens Out") is shaping investor sentiment and what to watch ahead of jobs data next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Well, it's been another busy week of policy pivots, headline whiplash, and economic data that's left investors more confused than confident. But through it all, one phrase has gained prominence this week: the "Taco Trade," short for "Trump Always Chickens Out." That phrase sums up a growing view that while the president talks tough on tariffs, he rarely follows through. And it's that assumption that's driven the market recovery we've seen over the past month. Still, it's not foolproof. We saw sentiment take a hit today after Trump fired off a post on Truth Social, accusing China of quote "violating its trade deal." Just hours later, Bloomberg reported the Trump administration is planning to tighten tech sanctions targeting Chinese subsidiaries that have been skirting existing curbs. The news initially sent stocks sharply lower, before we saw a bit of a rebound heading into the close, and adding another twist to the saga, a federal trade court in Manhattan struck down a swathe of Trump tariffs, citing legal flaws in how they were imposed. And although a federal appeals court temporarily paused that ruling, it's just adding more fuel to the fire when it comes to a lot of this market uncertainty. Looking ahead, some say stocks are banking too heavily on Trump backing down again. Here's what Wall Street experts told Yahoo Finance this week. We told Donald Trump that that we have this Taco Trade, and so I worry a little bit that that actually makes him bear down a little bit more and decide to be more, you know, more gripping on some of these tariff trades. And so, I have a little bit of a concern that that creates actually more uncertainty. So, I don't think this is the last word on tariffs, but I agree this is a roller coaster ride, not good for long-term planning and not good for corporate investment. Based on the past, we're going to get a lot of, "He loves me, he loves me not," the Taco Trade, the Tofu Trade. We're going to get a lot of that talk back and forth. But what investors really need to be focused on is economic data, especially the jobs week that's coming up next week and what the Fed is doing in response. So, bottom line here, the Taco Trade may still potentially have some mileage, but as politics, policy, and legal realities collide, that bet could be looking a lot riskier. And guys, I looked up what exactly the Tofu Trade is that Callie Cox referenced. Apparently, it's been circulating on ExitStat. Trump always likes to intervene when markets are at highs. I don't really know how the acronym plays out fully there, but it just goes to show how investors are really trying to understand this administration amid all of these shifting trade policies. Yeah, it is hard to follow. Acronyms can help though. Ali, thank you, appreciate it.
Yahoo
a day ago
- Business
- Yahoo
May stock gains, June watchlist, bitcoin: Market Takeaways
US stocks (^DJI, ^IXIC, ^GSPC) capped off a historic May trading month with serious gains, the Nasdaq Composite ending the month over 9.5% higher and the S&P 500 seeing its best May since 1990. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to outline the month's biggest market themes, including what to expect in June and bitcoin's (BTC-USD) price moves. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Investor playbook: 'TACO' trade gains steam but isn't foolproof
US markets (^GSPC, ^IXIC, ^DJI) are swinging on shifting trade signals and tariff uncertainty tied to President Trump's latest comments and legal setbacks. Yahoo Finance Senior Reporter Allie Canal breaks down how the so-called "TACO" trade ("Trump Always Chickens Out") is shaping investor sentiment and what to watch ahead of jobs data next week. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Stock market today: S&P 500 marks best May in 30 years as Wall Street bets on tariff relief
US stocks rebounded from early losses Friday, capping off a volatile but strong month. The S&P 500 (^GSPC) logged its best May since 1990 and its best month since Nov. 2023, rising over 6%, while the Dow (^DJI) added 4% over the month and the Nasdaq (^IXIC) surged nearly 10%, thanks to tech sector strength. On the day, the Nasdaq dipped 0.3%, having recovered from a drop of more than 1.6% earlier in the session. The S&P 500 hovered near the flat line while the Dow edged up 0.1%. Markets navigated a mix of tariff uncertainty and signs of cooling inflation from the Fed's preferred price gauge. Despite trade-related turbulence, all three major indices finished both the week and the month in the green. Bloomberg reported on Friday that the Trump administration plans to expand tech restrictions on China to close loopholes used to circumvent existing curbs by targeting subsidiaries of already-sanctioned firms. The proposed rule would require US government licenses for transactions involving companies that are majority-owned by firms on the so-called Entity List. The Bloomberg report comes on the heels of earlier comments from President Trump, who lashed out at China in a Truth Social post, accusing the country of having "violated" its trade deal with the US less than three weeks after the world's two largest economies reached a tariff detente. Read more: The latest on Trump's tariffs Trade talks between the US and China are "a bit stalled," Scott Bessent told Fox News on Thursday. The Treasury Secretary said a call between Trump and President Xi is needed to reach a deal, as the two countries continue to clash over chip curbs and visas on the sidelines. The China escalations came after the tariffs faced a bout of legal drama — a new source of uncertainty. On Thursday, a US appeals court paused a trade court block on Trump's global tariffs, giving the White House until next Monday to file a challenge to the ruling. At the same time, his team is exploring other ways to issue the tariffs. Meanwhile, inflation continued cooling in April, according to the latest reading of the Personal Consumption Expenditures (PCE) index. The "core" PCE index, closely watched by the Fed, rose in line with expectations on a monthly and annual basis. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy US stocks rebounded from early losses Friday, capping off a volatile but strong month. The S&P 500 (^GSPC) logged its best May since 1990 and its best month since Nov. 2023, rising over 6%. The Dow (^DJI) added 4% over the month and the Nasdaq (^IXIC) surged nearly 10%. On the day, the Nasdaq dipped 0.3%, having recovered from a drop of more than 1.6% earlier in the session. The S&P 500 hovered near the flat line while the Dow edged up 0.1%. Stocks recovered from their session lows heading into the close. The Dow (DJI) traded in positive territory, while the Nasdaq (^IXIC) was off about 0.4%. The S&P (^GSPC) hovered just below the flat line. Nvidia (NVDA) stock fell 3.5% Friday afternoon as the Trump administration signaled a potential reignition of the US-China trade war. Bloomberg reported Friday midday that the US is planning to add new restrictions on Chinese tech companies shortly after Trump claimed that China had 'totally violated' a preliminary trade agreement with the US. The renewal of the US's ongoing trade disputes with China comes after the two countries agreed to temporarily reduce sky-high tariff rates in mid-May following a meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Switzerland. The news also follows after Nvidia said it's set to lose $8 billion in sales in its fiscal second quarter due to a recently enacted ban on exports of its less powerful Hopper GPUs for China, called H20 chips. 'China is, and will remain, the largest overhang on NVDA shares until we get resolution from the Trump administration,' DA Davidson analyst Gil Luria wrote in a note to investors Thursday. Read the full story here. Yahoo Finance's Pras Subramanian reports: Read more here. US markets took another leg lower on Friday after Bloomberg reported the Trump administration plans to expand tech restrictions on China by targeting subsidiaries of already-sanctioned firms. The proposed rule would require US government licenses for transactions involving companies majority-owned by firms on the so-called "Entity List," aiming to close loopholes used to bypass existing curbs. The measure, which could affect major Chinese chipmakers such as Huawei and Yangtze Memory Technologies, is expected to further heighten tensions between Washington and Beijing amid ongoing disputes over semiconductors and critical mineral exports. The report comes on the heels of earlier comments from President Trump, who lashed out at China in a Truth Social post, accusing the country of having "violated" its trade deal with the US. While he did not provide specifics, the comments echoed earlier rhetoric from his administration suggesting that negotiations with Beijing had "stalled." In afternoon trade, the Nasdaq (^IXIC) dropped about 1.6% while the benchmark S&P 500 (^GSPC) fell 1% and the Dow (^DJI) slipped 0.6%. The Nasdaq Composite (^IXIC) sank to its lows of the day just before noon on Friday, falling about 0.6%. The chip sector led the decline with several key names under pressure after President Trump said China has "violated" its trade agreement with the US. Nvidia (NVDA), AMD (AMD), Micron (MU), and Intel (INTC) were all down 2% or more. Read more from Yahoo Finance's Laura Bratton. Yahoo Finance's Jennifer Schonberger reports: Read more here. Regeneron (REGN) stock fell more than 18% in early trading after the company's experimental drug for smoker's lung failed a late-stage trial. The drug did, however, pass a separate earlier-stage trial. Read more on Regeneron here. Consumer sentiment steadied in May as Americans grew more optimistic about the US economy following developments in President Trump's trade policy. According to the final May reading of the University of Michigan consumer sentiment survey released Friday, headline sentiment remained unchanged from the previous month, halting a four-month streak of sharp declines. While sentiment dipped in the preliminary May reading, it rebounded later in the month, buoyed by a temporary pause on certain tariffs on Chinese goods that helped improve the economic outlook. "Expected business conditions improved after mid-month, likely a consequence of the trade policy announcement," Joanne Hsu, director of consumer surveys at the University of Michigan, said in the release. Long-run inflation expectations, which reflect the outlook over the next five to ten years, eased to 4.2% in May from 4.4% in April, marking the first decline since December 2024 and ending an unprecedented four-month streak of increases. Meanwhile, year-ahead inflation expectations held relatively steady at 6.6%, up slightly from 6.5% in April. This modest uptick is the smallest since the election and signals a break in the four-month trend of sharp increases in short-run inflation expectations. Still, the improvement in inflation expectations wasn't enough to outweigh other areas of weakness, leaving consumers' overall mood subdued. "These positive changes were offset by declines in current personal finances stemming from stagnating incomes throughout May," Hsu said. "Overall, consumers see the outlook for the economy as no worse than last month, but they remained quite worried about the future." US stocks slid on Friday as investors absorbed a fresh wave of tariffs uncertainty and a cooldown in inflation pressures, according to the Federal Reserve's preferred price gauge. The benchmark S&P 500 (^GSPC) fell about 0.3% while the tech-heavy Nasdaq Composite (^IXIC) Dow Jones Industrial Average (^DJI) also slipped roughly 0.3%, after the major gauges ended Thursday in the green. The latest reading of the Federal Reserve's preferred inflation gauge showed price increases slowed in April as inflation remained above the Fed's 2% target. The release comes as investors have been closely watching data releases for signs of how President Trump's tariff policy is impacting the economy. The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.5% on an annual basis, in line with expectations and lower than the 2.7% seen in March. Core prices rose 0.1% in April from the prior month, in line with expectations and the monthly increase seen in March. On a yearly basis, PCE increased by 2.1%, below the 2.2% economists had expected. From Bloomberg: Read more here. Costco (COST) stock was roughly flat in premarket trading after the company reported mixed earnings on Thursday. The wholesale retailer's adjusted earnings per share were $4.28, above estimates for $4.24, while revenue of $63.21 billion slightly missed expectations. Yahoo Finance's Brooke DiPalma reports: Read more here. Economic data: PCE inflation (April); University of Michigan consumer sentiment (May final) Earnings: Canopy Growth (CGC) Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia's China setback is a tariffs bargaining chip Obscure tax item in Trump's big bill is spooking Wall Street Bessent: US-China trade talks are a 'bit stalled' Trump-Xi phone call needed to reach a deal: Bessent S&P 500's banner month faces off with June's lackluster record Trump to celebrate Nippon Steel 'deal' at Pennsylvania plant China's big techs prepare for AI future without Nvidia Yahoo Finance's Hamza Shaban reports: Read more here from today's Morning Brief. Gap's (GAP) shares sank after the retailer laid out the multimillion-dollar hit to 2025 operating income it expects from President Trump's tariffs, but kept its 2025 forecast unchanged. The stock dropped over 14% despite the retailer posting better-than-expected sales and profit in its first quarter results late on Thursday. Gap said it expects added tariff-related costs of $250 million to $300 million. But the company said it has strategies to halve that amount, without providing full details. It projects a hit of up to $150 million to its full-year operating income, mainly in the second half. Reuters reported: Read more here. Markets across the Asia-Pacific saw pullbacks Friday after yesterday's boost following the temporary reinstatement of Trump's "unlawful" tariffs. Japan's benchmark Nikkei 225 (^N225) declined 1.1% with investors eyeing growing inflation. In South Korea, the Kospi (^KS11) dropped 0.9% as markets remain rattled ahead of a presidential election in a tough political climate. Hong Kong's Hang Seng Index (^HSI) sank 1.5% as China's CSI 300 ( sli0.3% Australia's S&P/ASX 200 (^AXJO) hovered around the baseline, with a gain of less than 0.1% Newsmax (NMAX) Shares in conservative media group Newsmax dropped 10.4% after hours Thursday resulting in a drop of over 75% since the company went public in March. Despite growing viewership Newsmax has faced a number of problems and is currently still engaged in a lawsuit with Dominion Voting Systems over "false claims" spread by the news source after the 2020 election. An overly ambitious IPO valuation combined with weak financial returns have continued to crater stock value. Ulta Beauty (ULTA) Ulta Beauty stock jumped up 8.3% in extended trading after the company beat analyst expectations for Q1. A 4.5% increase in net sales leading to $2.8b in revenue allowed Ulta to issue better-than-expected guidance for Q2. Earnings were reported at $6.70 per share. The Gap (GAP) Stock in apparel company The Gap nosedived 14.8% after-hours despite a solid earnings report as investors eye a potential a $300m hit to the bottom line from Trump's tariffs. The Gap reported revenue of $3.46 billion, well over analyst expectations of $3.42, while earnings per share came in at $0.51. US stocks rebounded from early losses Friday, capping off a volatile but strong month. The S&P 500 (^GSPC) logged its best May since 1990 and its best month since Nov. 2023, rising over 6%. The Dow (^DJI) added 4% over the month and the Nasdaq (^IXIC) surged nearly 10%. On the day, the Nasdaq dipped 0.3%, having recovered from a drop of more than 1.6% earlier in the session. The S&P 500 hovered near the flat line while the Dow edged up 0.1%. Stocks recovered from their session lows heading into the close. The Dow (DJI) traded in positive territory, while the Nasdaq (^IXIC) was off about 0.4%. The S&P (^GSPC) hovered just below the flat line. Nvidia (NVDA) stock fell 3.5% Friday afternoon as the Trump administration signaled a potential reignition of the US-China trade war. Bloomberg reported Friday midday that the US is planning to add new restrictions on Chinese tech companies shortly after Trump claimed that China had 'totally violated' a preliminary trade agreement with the US. The renewal of the US's ongoing trade disputes with China comes after the two countries agreed to temporarily reduce sky-high tariff rates in mid-May following a meeting between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Switzerland. The news also follows after Nvidia said it's set to lose $8 billion in sales in its fiscal second quarter due to a recently enacted ban on exports of its less powerful Hopper GPUs for China, called H20 chips. 'China is, and will remain, the largest overhang on NVDA shares until we get resolution from the Trump administration,' DA Davidson analyst Gil Luria wrote in a note to investors Thursday. Read the full story here. Yahoo Finance's Pras Subramanian reports: Read more here. US markets took another leg lower on Friday after Bloomberg reported the Trump administration plans to expand tech restrictions on China by targeting subsidiaries of already-sanctioned firms. The proposed rule would require US government licenses for transactions involving companies majority-owned by firms on the so-called "Entity List," aiming to close loopholes used to bypass existing curbs. The measure, which could affect major Chinese chipmakers such as Huawei and Yangtze Memory Technologies, is expected to further heighten tensions between Washington and Beijing amid ongoing disputes over semiconductors and critical mineral exports. The report comes on the heels of earlier comments from President Trump, who lashed out at China in a Truth Social post, accusing the country of having "violated" its trade deal with the US. While he did not provide specifics, the comments echoed earlier rhetoric from his administration suggesting that negotiations with Beijing had "stalled." In afternoon trade, the Nasdaq (^IXIC) dropped about 1.6% while the benchmark S&P 500 (^GSPC) fell 1% and the Dow (^DJI) slipped 0.6%. The Nasdaq Composite (^IXIC) sank to its lows of the day just before noon on Friday, falling about 0.6%. The chip sector led the decline with several key names under pressure after President Trump said China has "violated" its trade agreement with the US. Nvidia (NVDA), AMD (AMD), Micron (MU), and Intel (INTC) were all down 2% or more. Read more from Yahoo Finance's Laura Bratton. Yahoo Finance's Jennifer Schonberger reports: Read more here. Regeneron (REGN) stock fell more than 18% in early trading after the company's experimental drug for smoker's lung failed a late-stage trial. The drug did, however, pass a separate earlier-stage trial. Read more on Regeneron here. Consumer sentiment steadied in May as Americans grew more optimistic about the US economy following developments in President Trump's trade policy. According to the final May reading of the University of Michigan consumer sentiment survey released Friday, headline sentiment remained unchanged from the previous month, halting a four-month streak of sharp declines. While sentiment dipped in the preliminary May reading, it rebounded later in the month, buoyed by a temporary pause on certain tariffs on Chinese goods that helped improve the economic outlook. "Expected business conditions improved after mid-month, likely a consequence of the trade policy announcement," Joanne Hsu, director of consumer surveys at the University of Michigan, said in the release. Long-run inflation expectations, which reflect the outlook over the next five to ten years, eased to 4.2% in May from 4.4% in April, marking the first decline since December 2024 and ending an unprecedented four-month streak of increases. Meanwhile, year-ahead inflation expectations held relatively steady at 6.6%, up slightly from 6.5% in April. This modest uptick is the smallest since the election and signals a break in the four-month trend of sharp increases in short-run inflation expectations. Still, the improvement in inflation expectations wasn't enough to outweigh other areas of weakness, leaving consumers' overall mood subdued. "These positive changes were offset by declines in current personal finances stemming from stagnating incomes throughout May," Hsu said. "Overall, consumers see the outlook for the economy as no worse than last month, but they remained quite worried about the future." US stocks slid on Friday as investors absorbed a fresh wave of tariffs uncertainty and a cooldown in inflation pressures, according to the Federal Reserve's preferred price gauge. The benchmark S&P 500 (^GSPC) fell about 0.3% while the tech-heavy Nasdaq Composite (^IXIC) Dow Jones Industrial Average (^DJI) also slipped roughly 0.3%, after the major gauges ended Thursday in the green. The latest reading of the Federal Reserve's preferred inflation gauge showed price increases slowed in April as inflation remained above the Fed's 2% target. The release comes as investors have been closely watching data releases for signs of how President Trump's tariff policy is impacting the economy. The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 2.5% on an annual basis, in line with expectations and lower than the 2.7% seen in March. Core prices rose 0.1% in April from the prior month, in line with expectations and the monthly increase seen in March. On a yearly basis, PCE increased by 2.1%, below the 2.2% economists had expected. From Bloomberg: Read more here. Costco (COST) stock was roughly flat in premarket trading after the company reported mixed earnings on Thursday. The wholesale retailer's adjusted earnings per share were $4.28, above estimates for $4.24, while revenue of $63.21 billion slightly missed expectations. Yahoo Finance's Brooke DiPalma reports: Read more here. Economic data: PCE inflation (April); University of Michigan consumer sentiment (May final) Earnings: Canopy Growth (CGC) Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia's China setback is a tariffs bargaining chip Obscure tax item in Trump's big bill is spooking Wall Street Bessent: US-China trade talks are a 'bit stalled' Trump-Xi phone call needed to reach a deal: Bessent S&P 500's banner month faces off with June's lackluster record Trump to celebrate Nippon Steel 'deal' at Pennsylvania plant China's big techs prepare for AI future without Nvidia Yahoo Finance's Hamza Shaban reports: Read more here from today's Morning Brief. Gap's (GAP) shares sank after the retailer laid out the multimillion-dollar hit to 2025 operating income it expects from President Trump's tariffs, but kept its 2025 forecast unchanged. The stock dropped over 14% despite the retailer posting better-than-expected sales and profit in its first quarter results late on Thursday. Gap said it expects added tariff-related costs of $250 million to $300 million. But the company said it has strategies to halve that amount, without providing full details. It projects a hit of up to $150 million to its full-year operating income, mainly in the second half. Reuters reported: Read more here. Markets across the Asia-Pacific saw pullbacks Friday after yesterday's boost following the temporary reinstatement of Trump's "unlawful" tariffs. Japan's benchmark Nikkei 225 (^N225) declined 1.1% with investors eyeing growing inflation. In South Korea, the Kospi (^KS11) dropped 0.9% as markets remain rattled ahead of a presidential election in a tough political climate. Hong Kong's Hang Seng Index (^HSI) sank 1.5% as China's CSI 300 ( sli0.3% Australia's S&P/ASX 200 (^AXJO) hovered around the baseline, with a gain of less than 0.1% Newsmax (NMAX) Shares in conservative media group Newsmax dropped 10.4% after hours Thursday resulting in a drop of over 75% since the company went public in March. Despite growing viewership Newsmax has faced a number of problems and is currently still engaged in a lawsuit with Dominion Voting Systems over "false claims" spread by the news source after the 2020 election. An overly ambitious IPO valuation combined with weak financial returns have continued to crater stock value. Ulta Beauty (ULTA) Ulta Beauty stock jumped up 8.3% in extended trading after the company beat analyst expectations for Q1. A 4.5% increase in net sales leading to $2.8b in revenue allowed Ulta to issue better-than-expected guidance for Q2. Earnings were reported at $6.70 per share. The Gap (GAP) Stock in apparel company The Gap nosedived 14.8% after-hours despite a solid earnings report as investors eye a potential a $300m hit to the bottom line from Trump's tariffs. The Gap reported revenue of $3.46 billion, well over analyst expectations of $3.42, while earnings per share came in at $0.51. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
