$235.10
+2.59 (+1.11%)
As of Sep 23, 6:40 PM ET ·
ROST News30 articles
Ross Stores Surges $3.2B on Margin Strength Despite Tariff Refund
Ross Stores shares jumped 4.4% as Q2 results beat estimates, with operating margin up 205 bps excluding a $253M tariff refund. Comparable sales rose 10%, and guidance was raised.
Earnings
Treasury Yield Surge Halts Tech Rally: Market Recap and Outlook
Long-term Treasury yields near multi-year highs pressured equities, snapping tech's three-week win streak. Nvidia earnings and Jackson Hole are key catalysts next week.
Markets
Ross Stores Soars on Tariff Refund, Strong Sales
Ross Stores (ROST) jumped 4.4% after a tariff refund and strong sales lifted its earnings forecast, adding $3.2B in market value.
Earnings
Gold's Rally Signals Lingering Caution as Futures Edge Higher
A modest bounce in U.S. equity futures is being overshadowed by a continued bid in gold, which rose 3.6% this week to $4,540, as investors hedge against persistent yield and oil pressures.
Markets
JCPenney's $15 Trade-In Deal Puts Off-Price Rivals on Alert
JCPenney's new $15 trade-in offer (Aug 28-30) targets off-price shoppers, but rivals like Ross (down 4.1%) remain strong. Analysts question long-term impact.
Analysis
Martha Stewart Lamp at Marshalls Highlights TJX Home Segment Growth
TJX's HomeGoods segment reported a 40% jump in operating profit, with sales up 11%. A $70 Martha Stewart lamp at Marshalls illustrates the company's home goods appeal and margin growth.
Earnings
AI, Retail, and Travel Surge: 5 Stocks to Watch Next Week
Ross Stores and Howmet Aerospace lead a list of five stocks to watch next week, driven by strong earnings and bullish technical setups. Investors await second-quarter results.
Markets
Ross Stores Stock Jumps on Raised Outlook as Discount Demand Remains Strong
Ross Stores shares surged 5.3% in after-hours trading after raising its full-year sales and profit outlook, as first-quarter comparable-store sales jumped 17%.
Earnings
Kohl's Pauses Store Closures for 2026 Amid Sales Slump, Traffic Woes
Kohl's will not execute a major round of store closures in 2026, management stated, following 27 shutdowns last year. However, the retailer continues to grapple with declining sales and weak customer traffic.
Earnings
Kohl's Michigan Closure Highlights Turnaround Struggles Amid Weak Traffic
Kohl's has shuttered a store in Sault Ste. Marie, Michigan, amid a 2.8% decline in comparable sales and a 5% drop in foot traffic last quarter. The retailer faces mounting pressure as budget competitors like Ross Stores attract more shoppers.
Analysis
Southern Cross Media Faces Grand Final Revenue Test After Record Brownlow
Nick Daicos' record 47-vote Brownlow Medal sets a high bar for Southern Cross Media's Seven network as it broadcasts the AFL Grand Final amid weak advertising and falling TV revenue.
Earnings
XRP Surges Past $1.40, Golden Cross Still Elusive
XRP touched $1.40 intraday but eased to $1.3822, with the golden cross still 1.9% away as the 50-day MA trails the 200-day MA.
Crypto
GM Engine Remedy Under NHTSA Scrutiny Across Nearly 1M Trucks
Federal regulators are investigating whether GM's remedy for failing 6.2L V8 engines worked, covering nearly 1 million vehicles and raising warranty cost concerns.
Regulation
Gasoline Prices Surge 7.3 Cents as Brent Crosses $100
AAA's national average for regular gasoline rose 7.31 cents to $4.2245 a gallon, as Brent crude climbed back above $100. The jump adds pressure on consumers and the Fed ahead of its rate decision.
Commodities
UK Fuel Costs Surge as Brent Crosses $100: Market Implications
UK petrol prices hit 167.6p/litre as Brent crude tops $100, squeezing consumers and retailers. BP and Shell gain, while inflation concerns mount ahead of BoE decision.
Analysis
Home Depot's Labor Day Hours Vary Across Canada; U.S. Markets Closed
Home Depot's Canadian stores have differing Labor Day hours: Toronto and Montreal are closed, while Vancouver and Calgary remain open. U.S. markets are closed for the holiday, with HD stock at $321.05.
Analysis
DraftKings Cross-Sells Baseball Players into NFL Week 1 with $25K Contest
DraftKings is incentivizing daily fantasy baseball players with a $5 NFL ticket and a $25K contest entry, but the financial impact remains unclear as Fantasy revenue declines.
Analysis
Mortgage Rates at 6.71%: The Real Cost of Crossing the 6% Threshold
Freddie Mac's 30-year mortgage rate rose to 6.71%, adding $1,933 a year to the median homebuyer's payment. Housing demand stays stable but faces headwinds.
Economy
Femasys Soars 15% as UNC Health Adopts Fertility Tech Across Clinics
Femasys shares surged 15% after UNC Health agreed to deploy FemaSeed fertility products across its OB/GYN clinics, boosting investor confidence despite weak quarterly sales.
Markets
SoFi's $22 Target Hinges on Cross-Sell Momentum
Piper Sandler's bullish $22 target for SoFi (SOFI) relies on cross-selling gains, but analysts are cautious about margin expansion.
Analysis
Drone Escalation Strains Russian Fuel Market as Novorossiysk Port Reopens
Drone attacks are squeezing Russia's fuel market even as Novorossiysk resumes crude exports. Refining capacity has fallen to near two-decade lows, boosting diesel margins and refiner stocks.
Commodities
United Expands Premium 787 Seating Across Eight Routes
United Airlines is increasing premium seating on its 787-9s to 44.6% of capacity, deploying the configuration on eight long-haul routes to boost yields.
Markets
Dow Crosses 54,000 Milestone as Caterpillar and Goldman Lead Charge
The Dow Jones Industrial Average surpassed 54,000 for the first time, driven by strong gains in Caterpillar and Goldman Sachs, which together accounted for nearly 60% of the index's advance.
Markets
Bristol Myers Squibb at Crossroads as AstraZeneca Merger Talks Surface
Bristol Myers Squibb shares rose 5.2% last week after strong Q2 earnings, but a reported $400B merger approach from AstraZeneca puts the stock in focus Monday.
Markets
Supermicro's Q4 Margin Forecasts Signal Up to 84% Gross Profit Surge
Supermicro (SMCI) sees Q4 gross profit rising 62%-84% to $1.65B-$1.87B on ~$11B revenue, driven by record orders. Shares gained 2.4% Friday.
Earnings
Visa Shares Edge Lower Despite Earnings Beat as Cross-Border Revenue Growth Lags
Visa's Q3 earnings beat estimates, but shares fell premarket as international transaction revenue growth lagged cross-border volume, raising concerns about revenue conversion.
Earnings
SCHD Hits 52-Week High: Dividend Income Threshold Crosses $387,000
SCHD rose 1.3% to a 52-week high of $34.24, raising the cost of generating $12,000 annual dividends to $387,900 based on trailing yield.
Markets
Super Micro Shares Steady as Margin Forecast Boosts Gross Profit Outlook by $847 Million
Super Micro shares remained stable after a revised preliminary margin forecast indicated a potential $847 million increase in gross profit, though revenue is expected near the lower end of guidance.
Earnings
Air Force Base Defense Plan May Split Spending Across Multiple Systems
The U.S. Air Force is exploring a modular base-defense approach that could spread spending across launchers, sensors, missiles, and command systems, reducing reliance on a single supplier.
Markets
FIFA World Cup 2026: TKO Leads Gross Cash, Fox Eyes Profit Edge
TKO Group Holdings leads in gross cash from the 2026 World Cup, while Fox Corp shows stronger profit dynamics. Key financial data and market implications analyzed.
Markets