Lowe’s Companies, Inc. stock initially traded lower in sympathy with Home Depot, Inc. ( HD ) , which reported a revenue miss for the second quarter and issued adjusted EPS outlook below estimates. Both stocks have since reversed. The Details: For the 2024 fiscal year second quarter, Home Depot ( HD ) reported sales of $43.17 billion missing analysts estimate...

Nike Inc ( NKE ) shares are trading higher by 5.6% to $78.85 Tuesday morning, despite a lack of company-specific news for the session. The stock is potentially being buoyed by growing investor optimism after a softer-than-expected Producer Price Index (PPI) report fueled speculation of a larger interest rate cut by the Federal Reserve. The PPI for July showed a...

12:25 PM EDT, 08/13/2024 (MT Newswires) -- Xylem is likely poised for a multi-decade growth cycle, with the water-management and equipment company propelled by multiple tailwinds, analysts at UBS said Tuesday in a new research note. UBS began new coverage of Xylem with a buy rating and a $165 price target, describing it as a pure-play water company featuring a...

12:20 PM EDT, 08/13/2024 (MT Newswires) -- Starbucks ( SBUX ) has poached Chipotle Mexican Grill ( CMG ) Chief Executive Brian Niccol, who will assume the top role at the coffee giant next month. Niccol will leave the burrito chain at the end of August to join Starbucks ( SBUX ) as chairman and CEO, effective Sept. 9, the...