Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
DICK'S Sporting Goods Cuts FY2026 Profit Outlook as Foot Locker Drags on Results Despite Strong Core Comps
DICK'S Sporting Goods cut its fiscal 2026 adjusted EPS guidance to $11.00-$12.00 after the Foot Locker business swung to a projected operating loss, even as the core DICK'S banner posted 4.9% comparable sales growth, according to the company's earnings release and Yahoo Finance.
Stocks at Insane Valuations?
The S&P 500 is still near record territory. But one measure of extreme valuation looks far less stretched than you’d expect – and the reason points to something happening underneath the surface.
Houthis Seize Yemen's Red Sea Port of Mokha, Yemeni Military Source Says Zuqar Island Also Taken
Houthi forces seized Yemen's Red Sea port of Mokha, per AP-cited officials, and a Yemeni military source told AFP that Zuqar Island was also taken, as Brent and WTI tracked toward a weekly close above $100, CNBC reported.
Adobe Posts Record Fiscal Q3, Lifts Full-Year Outlook as AI-First ARR Growth Tops 150%
Adobe's fiscal Q3 revenue and adjusted EPS beat estimates as the company raised full-year guidance, citing AI-first ARR growth above 150% and record annual recurring revenue, per Yahoo Finance/Proactive.
Copart Agrees to Buy ACV Auctions for $10.50 a Share in $1.9 Billion Cash Deal
Copart has agreed to acquire ACV Auctions for $10.50 a share in cash, valuing the dealer-wholesale marketplace at about $1.9 billion, announced alongside Copart's fiscal fourth-quarter results showing a 17.4% drop in net income.
Oracle's Cloud Infrastructure Revenue Jumps 121% to $7.4 Billion as Backlog Swells to $664 Billion
Oracle's fiscal Q1 2027 results beat Wall Street estimates as cloud infrastructure revenue rose 121% to $7.4 billion and RPO backlog hit $664 billion, while capital spending and cash burn surged.
Stock Market Today: Communication Services Leads While S&P 500 Slips
Communication Services led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
10-Year Treasury Yield Tops 4.95% as Oil Crosses $100, Treasury Buyback Falls Short
CNBC reported the 10-year Treasury yield rose more than 11 basis points to 4.954% Thursday, its highest since October 2023, as U.S. oil topped $100 a barrel and Treasury's buyback took in only about half the $10.5 billion offered.
OpenAI Launches ChatGPT for Financial Services With Morgan Stanley, Evercore as Design Partners
OpenAI launched ChatGPT for Financial Services, built with design partners Morgan Stanley and Evercore and powered by GPT-6 Astra, with bundled data from LSEG, Daloopa, PitchBook and others, per CNBC and Reuters.
Apple Unveils $1,999 iPhone Duo Foldable, Leaves Non-Pro iPhone Out of Fall Lineup in Ternus's CEO Debut
At his first keynote as Apple CEO, John Ternus unveiled the $1,999 iPhone Duo foldable and a $1,199 iPhone 18 Pro, with no standard iPhone 18 in the fall lineup, per CNBC and other outlets.
Dangerous Myth About Trading Conviction
Wall Street analysts can spend years studying a company and still never put their own money behind the call. That difference can tell you a lot.
Reports: Gold, Silver Slide as PPI Hits 5.4%
Gold and silver PPI reaction: prices fell as August PPI hit 5.4%, pushing Fed hike odds to 60%. Here's why traders are watching closely.
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