CRM software giant Salesforce (NYSE:CRM) met Wall Streets revenue expectations in Q3 CY2025, with sales up 8.6% year on year to $10.26 billion. The company expects next quarter’s revenue to be around $11.18 billion, coming in 2.5% above analysts’ estimates. Its non-GAAP profit of $3.25 per share was 13.6% above analysts’ consensus estimates.
Discount retailer Five Below (NASDAQ:FIVE) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 23.1% year on year to $1.04 billion. On top of that, next quarter’s revenue guidance ($1.60 billion at the midpoint) was surprisingly good and 3.6% above what analysts were expecting. Its non-GAAP profit of $0.68 per share was significantly above analysts’ consensus estimates.
Carvana shares are trading higher Wednesday as investors piled into small caps on growing conviction that the Federal Reserve will cut interest rates at next week's policy meeting.
Trump's call with Brazil President Lula boosts hopes of a trade thaw, putting EWZ ETF back in focus amid potential tariff relief and optimism for Brazilian equities.
AI has been the driving force behind markets for a few years now and its influence will only grow. But robotics is still in the early innings, although its impact is potentially massive.
The dollar index (DXY00 ) on Wednesday fell by -0.50% and posted a 5-week low. The dollar was undercut by Wednesday’s weak Nov ADP report, which was dovish for Fed policy and cemented expectations for a Fed rate cut at next week’s FOMC meeting. The...
Shares of packaging and materials company International Paper (NYSE:IP) jumped 3% in the afternoon session after analysts at BNP Paribas upgraded the stock to an “outperform” rating from a previous “strong sell” rating. The firm also set a new price target of $44.00 for the stock. This change in outlook reflected growing confidence in the company's direction. Other analysts also noted the company's focus on transformation and sustainable packaging solutions. The leadership’s emphasis on simplifying the business structure and improving operations was seen as a positive step toward becoming a leader in the industry.
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 5.4% in the afternoon session after analyst firms reiterated strong "Buy" ratings and raised their price targets, showing confidence in the company's long-term growth. This reflected a positive sentiment among analysts regarding the semiconductor designer's future performance. For instance, Stifel raised its price target for the stock to $80, while Benchmark increased its price target to $82. Raymond James also adjusted its price target upward to $80. These actions followed a pattern of positive ratings from multiple other firms, underscoring a broad consensus on the company's favorable outlook.
Shares of personalized clothing company Stitch Fix (NASDAQ:SFIX) jumped 3.8% in the afternoon session after an analyst at Telsey Advisory Group reaffirmed a "Market Perform" rating on the stock during the previous trading session. This move extended a 4.1% jump from the prior day. While a "Market Perform" rating suggested the stock was expected to perform in line with the broader market, investors viewed the reaffirmation positively. Analyst Dana Telsey also kept the price target steady at $6.00 per share. The decision not to downgrade the stock or its price target may have provided a sense of stability and encouraged buying activity. The positive sentiment also came as the company prepared to release its quarterly earnings, which investors were eagerly awaiting.
