As a retail giant, Nike's performance could offer insights into consumer spending trends and the overall health of the retail sector.Yields moving lower this morning on the back of some fresh econ data, we'll see if the moves continues throughout the day.
The chip maker beating Wall Street's third quarter expectations driven by demand for its A I memory chips with the price drop comes a bit micros current quarter outlook roughly in line with analyst as to disappointing investors, the results dragging stocks like Invidia and A MD lower this morning and Amazon hit a historic milestone, the E commerce giant reaching a $2 trillion valuation for the first time ever on Wednesday.
So we've been talking a lot about sort of a little bit of a consumer slowdown or maybe just a more cautious consumer. So I think the market probably ok with the fact that claims came in lower than last week and lower than the week before. That's the number one thing that I think most strategists you guys talk to every day say is it labor market is the thing to watch.
He was saying, hey, the market is and so focused on these inflation prints are kind of missing the bigger story. Ultimately, though investors are viewing that as a huge disappointment, the stock has been on a tear though since the start of the year and taking a look at those year to day gains up nearly 67% with a deeper dive into these results.
Um You know, the good thing is that they kind of threw it out there now and uh we now, you know, we now have that unknown kind of thrown out there for 2025. So, you know, overall, we don't think this is specific of read through over into A I itself as long as hyperscale Capex continues to increase quarter to quarter and there's potentially some upward bias there as well.
I mean, in the meantime, Angelo, it sounds like those margins are really going to be pressed by, by capital expenditures, you know, e exactly what type of spending profile do you expect a micro to continue to exhibit?Yeah, I mean, listen, I think you kind of look at 2024 here and, and that is a recovery year for the memory industry, right?
I think going into this, many people were asking whether or not this report was going to show any hints of a slowdown in terms of A I demand. Now, Microsoft and Apple have since taken back those top two spots as in video surge has taken a breather this week you can see on this chart behind me just the stress that in video as a company has been under over the past five days, seen its worst three day slump since December of 2022 and losing over $430 billion in its market cap.Both of those tech giants fighting overtake the other in market cap.All right, Madison, thanks so much for breaking that down for us.
We're going to speak with the CFO of the Strauss, the company reporting sales that missed expectations.Welcome back time for some trending tickers this morning, Walgreens shares plunging after slashing its full year profit outlook, citing a quote, continued challenging environment. So pulling back on that just a little bit on the guidance that we just told you about just to give you the number specifically looking at 2.8 to 2.95 on the higher end there.So it's really been a lot of shifting to the downside for meanwhile, like I mentioned, the Village MD pull back, that is also that is actually helped their, their revenues for the quarter, bringing in a little bit more as they've sort of balanced out where the demand is for that.
And then on the flip side, generic medicines not being as widely available because of production problems.So all of this, I like there's so many minutia to why this is happening today. So those who are say 65 and older to 70 years old, that's going to be sort of recommended if they have other severe diseases.And so that shrinks the market little bit for companies like GSK pfizer as well as Moderna.We also saw moderna drop on its results showing much lower efficacy than the other two companies when it comes to protection over two seasons.
Those two leading the largest banks are also seeing some increase likely here in terms of the stress capital buffers for some of the regional banks capital, one financial 5th 3rd Bank Corp, as well as Key Corp. Yeah, some notes on exactly what this is for the viewers out there, they're trying to figure out.The, the stress test essentially shows that large banks have sufficient capital to withstand a highly stressful scenario, ie recession or even a mild depression if that were to take place.
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