Bitcoin hit its lowest levels since November, trading at $89,260 after strong U.S. jobs data led major investment banks to scale back expectations for Federal Reserve rate cuts.
President-elect Donald Trump's cabinet picks are set to begin the confirmation process with several appearing before Senate committees this week. Former Fox News host Pete Segeth and former Georgia congressman Doug Collins are up first on Tuesday.
Bank of America Securities analyst Julien Dumoulin-Smith upgraded American Electric Power to a Buy rating and raised the price target to $104, up from $98. The upgrade follows AEP's sale of a 19.9% stake in transmission assets for $2.8 billion and the appointment of Trevor Mihalik as CFO.
22nd Century stock is moving higher on Monday after the company announced its readiness to support the FDA's proposed standard to mandate reduced nicotine content in cigarettes.
Tether (CRYPTO: USDT) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to
Austin, TX - Capital CBD American Shaman, a store offering US Hemp Authority-certified products, continues to expand its inventory to serve more customers. The store now has more CBD products designed to manage pain, improve sleep, alleviate anxiety, and stabilize mood.
Shares of casual sandwich chain Potbelly (NASDAQPBPB)
jumped 14.8% in the morning session after the company reported strong preliminary Q4 2024 guidance. Same-store sales are now projected to grow slightly by 0.2% to 0.3% y/y, a sharp turnaround from the earlier forecasted decline of 2.5% to 0.5%. Adjusted EBITDA is expected to reach between $8.0 million and $8.4 million, up from the previous estimate of $7.0 million to $8.0 million. Management expressed positive sentiment about the improvements in both sales and profits and plans to add 38 new shop sites in 2025 to better meet rising market demand. Overall, the results underscore management's improved execution capabilities.
Vero Beach, FL - Air Docs Heating & Cooling understands that HVAC systems are critical in maintaining the comfort of properties’ indoor spaces. With a deep-rooted commitment to quality, the HVAC Contractor Vero Beach delivers reliable and competitively priced HVAC services.
Shares of department store chain Macy’s (NYSEM)
fell 7.3% in the afternoon session after the company disclosed disappointing preliminary fourth-quarter results, projecting sales to fall just below the lower end of its earlier forecast of $7.8 billion to $8.0 billion. Notably, same-store sales are expected to remain flat compared to the previous year. In addition, earnings are expected to remain within the previous range of $1.40 to $1.65. Overall, the results were underwhelming, given the some high expectations for holiday season spending. However, Macy's wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.
Shares of clothing and footwear retailer Zumiez (NASDAQZUMZ)
fell 13.6% in the afternoon session after the company reported weak preliminary fourth quarter results, slashing its sales and earnings forecasts amid sluggish holiday demand. Net sales are now projected to fall between $275 million and $277 million, down from the earlier estimate of $284 million to $288 million. Earnings per share are expected to range from $0.72 to $0.77, below the previous guidance of $0.83 to $0.93. Management added, "After generally trending on plan through early December, we saw softer than expected results in the peak weeks of holiday." Overall, this was a challenging quarter. However, Zumiez wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.
Shares of fast-food chain Shake Shack (NYSESHAK)
fell 8.1% in the afternoon session after the company reported underwhelming preliminary sales outlook for Q4 2024, barely surpassing Wall Street's expectations. However, EBITDA beat by a more convincing margin. Projections for FY2025 showed sales growth of 16%–18% year-on-year and adjusted EBITDA growth of 14%–20%, both roughly aligning with consensus estimates. However, the company's three-year financial forecast raised concerns, signaling a sharp slowdown in growth. Notably, SHAK anticipates revenue growth in the low teens and adjusted EBITDA, rising only in the low to mid-teens range.
Markets typically reward companies that deliver strong earnings beats and raise future guidance. Given the company's weak growth outlook, these results point to tougher times ahead.
Shares of discount retailer Five Below (NASDAQFIVE)
fell 5.4% in the morning session after the company reported underwhelming preliminary sales results for Q4 2024. Although strong holiday sales pushed updated estimates to the upper half of the prior guidance range, investors likely anticipated stronger performance. Additionally, the guidance implied a 3% to 5% decrease in comparable sales, which is worrisome. Also, earnings are expected to remain in line with the previous forecast. However, Five Below wasn't the only one to report weak results, as Macy's and Abercrombie & Fitch also didn't see the success that the market expected.
Shares of personal care company Nu Skin (NYSENUS)
jumped 13.3% in the morning session after the company reported strong preliminary Q4 2024 guidance, with revenue expected to be at the high end of the previous guidance range. A day after this report, the company is expected to share updates on its strategy, including the recent sale of Mavely for $250 million. Overall, the updates provide more reasons for investors to stay optimistic.
Flower Mound, TX - Rave Renovations, LLC offers a comprehensive range of kitchen remodeling services designed to cater to the unique needs of homeowners in Flower Mound, Texas. With a focus on enhancing both functionality and aesthetics, the construction company ensures each kitchen is transformed into a space that seamlessly blends practicality with style.
Edison International’s CEO commented that the company cannot "rule out" the role of infrastructure in the L.A. wildfires, fueling investor anxiety and a sharp sell-off in the stock.
Shares of egg and butter company Vital Farms (NASDAQVITL)
jumped 7.2% in the morning session after the company announced strong growth projections for 2025 and beyond, driven by planned investments in expanding its supply chain and farm network. The company plans to install new production equipment at its Egg Central Station and add a second egg washing and packing facility in Indiana, expected to contribute over $350 million in additional revenue once operational. These decisions are geared toward meeting growing consumer demand and improving the company's leadership in the pasture-raised egg market.
Shares of beverage company Zevia (NYSEZVIA)
fell 13.8% in the afternoon session after the company reported underwhelming preliminary fourth-quarter results with expectations for wider losses driven by increased spending on its holiday campaign. Precisely, the company expects an Adjusted EBITDA loss of $3.9 million to $4.2 million, compared to previous expectations for losses of $1.8 million to $2.2 million. In addition, sales are expected to be within the previous guidance range, which is less than exciting and mostly in line with consensus estimates. However, Zevia wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.
Shares of young adult apparel retailer Abercrombie & Fitch (NYSEANF) fell 19.9% in the morning session after the company reported underwhelming sales and earnings forecasts, falling short of high expectations for retail stocks fueled by strong demand ahead of the holiday shopping season. ANF bumped its sales growth outlook for Q4 2024 to a range of 7-8% from a prior range of 5-7%. However, this modest increase lags far behind the robust double-digit growth the company achieved in the same quarter of 2023. Overall, the results were disappointing. However, Abercrombie & Fitch wasn't the only one to report weak holiday demand, as Five Below and Macy's also didn't see the success that the market expected.
Danvers, MA - The IV Hub Wellness Danvers MA provides specialized health and wellness services, including medical weight loss programs, IV hydration therapy, hormone replacement therapy, and cutting-edge peptide solutions. With a focus on personalized care and evidence-based practices, this premier medical spa empowers clients to achieve their health goals and maintain long-term vitality.
Phio Pharmaceuticals reports promising Phase 1b trial results for PH-762, showing complete tumor clearance in two patients with no significant adverse effects.
