Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon's turnaround plan is starting to pay off. The sneaker retailer isn't out of the woods just yet, but we're removing the stock from our penalty box and upgrading its rating. Revenue declined 2.7% year...
Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's shares plummeted more than 20% in premarket trading Thursday after the company posted a surprise loss per share, coming in well below Wall Street's expectations for a slight profit. Here's how Kohl's did...
Wall Street has chalked up a number of milestones since the Club's April Monthly Meeting. The Nasdaq Composite has set a series of all-time highs, including on Tuesday, when it closed above the 17,000 level for the first time. Despite a pullback Wednesday, the tech-heavy index is up nearly...
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year to $9.13 billion in the three months ended April...
American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless, revenue gained 6% year over year and marked a record for the first quarter, the...
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesSalesforce shares plummeted as much as 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance...
A shopping cart sits in front of a Dick's Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty ImagesDick's Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. The Nasdaq on Tuesday shot up past 17,000 for the first time ever — driven by further gains in shares of Club name Nvidia...
CNBC's Jim Cramer sees footwear company Deckers Outdoor as a disruptive industry player that even big rivals like Nike should be worried about. "Nobody can touch them right now," Cramer said Friday on "Squawk on the Street." Deckers is the company behind the fashion brand UGG, running shoes Hoka,...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a "really bad day" in the prior session. Thursday's late-day decline...