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General Motors (GM) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-06-05 22:51
The latest trading session saw General Motors (GM) ending at $47.25, denoting a -0.88% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.83%.The an automotive manufacturer's shares have seen an increase of 4.84% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 9.42% and the S&P 500's gain of 5.17%.Market participants will be closely following the financial result ...
Lam Research (LRCX) Advances While Market Declines: Some Information for Investors
ZACKS· 2025-06-05 22:51
The most recent trading session ended with Lam Research (LRCX) standing at $84.87, reflecting a +0.12% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%.Prior to today's trading, shares of the semiconductor equipment maker had gained 12.94% over the past month. This has outpaced the Computer and Technology sector's gain of 8.67% and the S&P 5 ...
Here's Why Qualcomm (QCOM) Fell More Than Broader Market
ZACKS· 2025-06-05 22:51
The latest trading session saw Qualcomm (QCOM) ending at $147.56, denoting a -1% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.83%.Shares of the chipmaker witnessed a gain of 3.29% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 8.67% and the S&P 500's gain of 5.17%.The investment community will be paying ...
Lululemon shares plummet as tariff costs, rivals threaten profit outlook
New York Post· 2025-06-05 22:50
Lululemon cut its profit forecast for the year, hurt by higher costs to mitigate US tariffs and as tepid demand for its latest products failed to draw away buyers from upstart athleisure rivals such as Vuori.Lululemon Athletica’s shares slumped 22% in trading after the bell on Thursday.“We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, inflationary pressures, lower consumer confidence, and changes in discretionary spending,” Lululemon said in a statement. 3 ...
Quanex Building Products (NX) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-06-05 22:46
Core Viewpoint - Quanex Building Products (NX) reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, but down from $0.66 per share a year ago, indicating a 25% earnings surprise [1]. Financial Performance - The company achieved revenues of $452.48 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 2.77%, and showing a significant increase from $266.2 million year-over-year [2]. - Over the last four quarters, Quanex has consistently surpassed consensus EPS estimates and revenue estimates [2]. Stock Performance and Outlook - Quanex shares have declined approximately 29.3% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3]. - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4]. Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $490.8 million, and for the current fiscal year, it is $2.55 on revenues of $1.84 billion [7]. - The estimate revisions trend for Quanex is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]. Industry Context - The Building Products - Miscellaneous industry, to which Quanex belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].
Sun Life U.S. congratulates Congressmen DeSaulnier and Scott on introduction of historic legislation to enhance coverage of mental health conditions in long-term disability insurance
Prnewswire· 2025-06-05 22:45
WELLESLEY, Mass., June 5, 2025 /PRNewswire/ -- Dan Fishbein, M.D., president, Sun Life U.S., released the following statement in support of the Workers' Disability Benefits Parity Act, introduced today by Congressmen Mark DeSaulnier (CA-10) and Robert Scott (VA-03). This legislation would enhance long-term disability insurance benefits by requiring that mental health conditions be covered similarly to most physical conditions. Sun Life first called on Congress in 2023 to make these improvements to disabilit ...
Rent the Runway, Inc. (RENT) Q1 2026 Earnings Conference Call Transcript
Seeking Alpha· 2025-06-05 22:43
Core Points - Rent the Runway, Inc. is conducting its Q1 2025 Earnings Conference Call on June 5, 2025, at 4:30 PM ET [1] - The call will include references to the Q1 2025 earnings presentation available on the Investor Relations website [3] - Forward-looking statements will be made regarding guidance for Q2 2025 and the fiscal year 2025, focusing on business strategies, subscriber growth, customer loyalty, and inventory increases [4] Financial Information - The call will reference non-GAAP financial information, which is not intended to be considered in isolation from GAAP financial information [6]
Xilio Therapeutics Announces Closing of $50.0 Million Public Offering
GlobeNewswire· 2025-06-05 22:38
Total gross proceeds of up to $150.0 million before the end of 2026 if all Series B warrants and Series C warrants are exercised for cash Xilio may elect to cancel unexercised Series B or Series C warrants proportionately to the amount of non-dilutive capital received, under certain circumstances Financing co-led by new investors Coastlands Capital and Frazier Life Sciences and included participation from Gilead Sciences, Inc., Logos Capital, Samsara BioCapital and other new and existing investors WALTHAM, ...
ROSEN, A LEADING LAW FIRM, Encourages Organon & Co. Investors to Secure Counsel Before Important Deadline in Securities Class Action – OGN
GlobeNewswire News Room· 2025-06-05 22:28
NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Organon & Co. (NYSE: OGN) between October 31, 2024 and April 30, 2025, both dates inclusive (the “Class Period”), of the important July 22, 2025 lead plaintiff deadline. SO WHAT: If you purchased Organon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO ...
I Prefer Suncor Energy Over Williams Companies Amid OPEC+ Production Increase
Seeking Alpha· 2025-06-05 22:26
When I last wrote on Suncor Energy (NYSE: SU ) in mid-April, I compared it to Petrobras ( PBR ) and rated it as a buy. The key considerations are Ray Dalio’s investing principles such as geographical diversification and commodity exposureAs you can tell, our core style is to provide actionable and unambiguous ideas from our independent research. If you share this investment style, check out Envision Early Retirement. It provides at least 1x in-depth articles per week on such ideas.We have helped our members ...