— Shares of the athletic footwear and apparel retailer tanked more than 12% after the company said it expects global supply chain constraints to persist through this quarter. The sell-off in shares comes despite a beat on both the top and bottom lines for Foot Locker's most recent quarter, as well as better-than-expected comparable store sales.— Shares of Applied Materials retreated 2.3% after the semiconductor equipment maker missed on quarterly earnings estimates.
Applied Materials also gave a weaker-than-expected current-quarter outlook citing supply shortages.— Ross Stores shares dipped 6% despite an earnings beat. The off-price retailer posted quarterly earnings of $1.09 per share, beating the 78-cent Refinitiv consensus estimate. However, the discount retailer said it was seeing significant supply chain issues and uncertainty heading into the holiday shopping season.— Workday shares fell 3.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fundstrat’s Tom Lee expects a 'buyable dip' in stocks before December rallyNew for subscribers: Fundstrat’s Tom Lee expects a 'buyable dip' in stocks before December rally. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks shuffle lower, pulling indexes further from highsStock indexes on Wall Street fell a bit further from their highs.
Source: latimes - 🏆 11. / 82 Read more »
Stocks dip, oil slides and havens shine as growth nerves nagStock markets slipped on Thursday and safe havens such as government bonds, gold and the yen were supported in Asia, as a hint of uneasiness crept in over the outlook for interest rates and growth, particularly outside of the United States.
Source: Reuters - 🏆 2. / 97 Read more »
Morgan Stanley is bullish on animal health stocks, names Zoetis top pickThe boom in family pets during the pandemic should be a years-long boost to the animal health sector, according to Morgan Stanley. Pro Securing your BITCOIN profits, requires a well inclined account manager that can give you the best service. That's why you have SamuelLaech_ honest and trustworthy trader... Thanks alot sir for helping me win, i appreciate your goodness and i recommend you.
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Stanley says virtual reality is real this time, picks 5 stocks to cash inNew for subscribers: Morgan Stanley says virtual reality is real this time, picks 5 stocks to cash in. Check out CNBCPro today. Pro everything in recent times has quite frankly been stuffed down our throat, lets hope this is another failure as they are starting to pile up... Pro that impulsive break was wat I was looking for likely $BTC closes positive on d weekly from here but continuation in the 45s would be lovely I’ve be following CointradeCrypto posts and predictions on his telegram channel seriously and I’ve been holding firmly he’s an underrated
Source: CNBC - 🏆 12. / 72 Read more »
World stocks struggle near record highs; Europe in focusConcerns over slowing China growth and a spike in COVID-19 cases in Europe stymied the global equity markets rally on Friday with stocks struggling to cling to recent record highs and the euro looking on track for a second straight week of losses.
Source: Reuters - 🏆 2. / 97 Read more »