The retailer reaffirmed its full-year outlook after reporting record Q1 2026 net sales of $1.1 billion and an 8% operating margin. Abercrombie & Fitch Co. (ANF) forecast earnings per share of $10.20 to $11 for the year, alongside a 12% to 12.5% operating margin target. The
AST SpaceMobile shares jump 8% as investors seek exposure to SpaceX ahead of a potential public listing. AST SpaceMobile (ASTS) surged 8% to near $129 in midday trading, leading a broader rally in space-sector stocks tied to speculation around a SpaceX IPO. The company, va
VZ shares outperform the S&P 500 with a 3.7% gain over seven sessions, closing at $48.71 on Wednesday. Verizon Communications (VZ) shares climbed 0.45% to $48.71, marking a seventh consecutive session of gains. The stock has risen 3.7% since May 18, outperforming the S&P 5
High-earning couples in shared 401(k) plans can contribute $94,000 tax-free annually using after-tax conversions and HSAs. A married couple earning $185,000 each can contribute up to $94,000 annually to Roth accounts through a combination of Mega Backdoor Roth conversions,
BP removed its chairman after seven months amid whistleblower complaints about conduct and policy breaches, deepening leadership turmoil. BP’s board unanimously voted to remove chairman Albert Manifold with immediate effect, citing serious governance and conduct concerns.
BofA reiterates a Buy rating on Spotify with a 39.8% upside target, citing long-term revenue and margin growth potential. Bank of America maintained a Buy rating on Spotify Technology (SPOT) and set a $685 price target, representing 39.8% upside from the current $489.93 sh
GIS forward P/E of 10.4 and price-to-sales of 1.0 sit well under their respective five-year averages of 15.3 and 1.9. General Mills Inc. shares appear undervalued relative to historical metrics. The stock currently trades at a forward price-to-earnings ratio of 10.4, compa
WMT stock declines sharply post-earnings despite strong e-commerce growth and revenue exceeding forecasts in Q1 2027. Walmart (NASDAQ: WMT) shares fell 11% over the past five trading sessions following its Q1 2027 earnings release. The company reported robust e-commerce gr
The acquisition aims to merge assets exceeding $150 billion at the intersection of power, AI, and digital infrastructure. DigitalBridge Group will acquire ArcLight Capital Partners for up to $1.05 billion, including a $650 million base price and a $400 million contingent c
WFC stock fell to $75.69, halting a six-session rally that outperformed the S&P 500 by 4 percentage points. Wells Fargo shares declined 2.36% to $75.69, ending a six-day rally that saw the stock rise 5.58%. The broader S&P 500 Index gained 1.49% over the same period, laggi
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