funding. The ruling will allow the CFPB to maintain its current funding structure, which some payday lenders and credit access companiesretail giant beat first quarter earnings expectations.
And if the company is finally willing to acknowledge that, if they are looking to say we really need to do better rather than do bigger, the stock is undervalued, we have got one hour to go until the market close.We had do 40,000 very briefly here, touched 40,000, then came back down from that level for the Dow Jones industrial average, still any higher close.
You know, we've already seen the rotation out of kind of the tech dominated mag seven at the beginning of the year, you know, fast forward to today and utilities, the XL U sector is outperforming the queues.We're seeing a broadening, we're seeing more breadth uh as opposed to just seven stocks carrying the industries higher.
Um And you know, if the almighty consumer falls, um you know, that's where we could start to see, you know, uh a real correction. I mean, you know, you've even had, uh, you know, Richard Fisher, former Dallas fed president yesterday saying he was skeptical that, you know, we did, we'd have two rate cuts this year.
And so, you know, a lot of equity strategists, a lot of investors wanted to see a broadening out of equity strength and we're seeing that, like I said, I mean, you start to see some of the more defensive sectors, utilities is a good example of value stocks, you know, consumer uh other consumer staples.
You know, if you look at countries like China coming back online or India starting to emerge as you know, big consumers, they're, they're gonna need a lot of electricity, they're going to need a lot of wiring for that electricity and everything you mentioned is, is kind of part of that. Yahoo Finance is going beyond the ticker to take a deeper dive into the company's biggest moments time.Wal Mart shares rising after the retailers first quarter results impressed Wall Street, the move higher, pushing the company's market value over $500 billion for the first time and Walmart CFO John David rainy appearing on the morning brief earlier today, he spoke about the quarter and what it signals about the consumer, the consumer has been relatively consistent.
And you saw that in this print too where the company kind of called out how much growth now is coming from, sort of, I guess you call it non core retail business. They actually executives, you heard talk about pressure on the consumer, they rate environment geopolitics.Well, another retailer that we are watching is under armor, that company delivering downbeat guidance for 2025 while also outlining its restructuring plans, Ceo Kevin Plank warning pressure to the Brents top and bottom line in the near term as it builds a premium positioning for under armor or tries to here to discuss Wedbush Security, senior equity research analyst analyst, Tom Nick.
Um And even now today you know, shares rebounded from this morning's low, you know, shares trade over 30 times this next 12 month earnings.Well, so, you know, to me, I've been following this company for a while and at, at this point, I'm, I'm really show me, uh, and, and I'm kind of stepping away from, uh, well, maybe, you know, that this is what they say they're gonna do.
Uh then, you know, I just, I don't have a lot of faith in shares and, you know, and I, I have ac opinion.I, I'd like to, like I said, I'd like to see a couple of quarters where management executes an operating margin trends towards, you know, 10%. So, uh you know, I'm just hoping that at some point they're able to just, you know, turn it around, find, you know, a new hot product to, to, to drive their business.
I think, you know, he's had his, you know, back and forth over the years and nothing has worked out for more than a year or two.So it's really hard to, you know, say that 2021 was a good year.So um to me, it's just, yeah, I think they need some new management and I think probably uh more than just the CEO they probably need a couple of uh a different changes uh in the C suite.
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