Shares of consumer products giant Clorox (NYSECLX)
fell 7% in the afternoon session after the company reported underwhelming fourth quarter results, with revenue down 15%, reflecting inventory normalization and the sale of the Better Health Vitamins, Minerals & Supplements (VMS) and Argentina businesses. This marks a sharp reversal from the 16% growth a year ago. The previous year's numbers got a temporary lift when Clorox restocked stores after the August 2023 cyberattack. That boost didn't repeat, making sales look weaker this quarter. Also, organic sales fell 9%, showing that core operations are struggling.
Looking ahead, the company expects full-year sales to stay the same, aside from a 1-2% boost from extra shipments tied to the Enterprise Resource Planning (ERP) switch, which isn't expected to recur.
Shares of action camera company GoPro (NASDAQGPRO)
jumped 9% in the afternoon session after it clarified in a press release that it expects its diversified supply chain to soften the blow of U.S. tariffs. As a result, the company doesn't expect the new tariffs to affect its prices in the U.S. or hurt its gross margins for goods shipped to the U.S. Brian McGee, CFO and COO added, "Over the last few years, we proactively moved our U.S.-bound camera production outside of China, which has significantly reduced the impact of tariffs."
Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Tuesday and discover the stocks that are dominating the trading activity and setting the pace for the market.
Wells Fargo Inc. (NYSEWFC) shares are trading higher Tuesday after the Federal Reserve Board terminated two longstanding enforcement actions against the company.
Trump's tariffs on Canada, Mexico and China referenced fentanyl as a national emergency. However, Canada's PM Trudeau disputes this, stating that majority of fentanyl comes from Mexico. Despite tensions, US and Canada have a strong trade relationship and have reached a temporary truce on tariffs.
Bitcoin market activity over the past day has been marked by turbulence, with its value falling to as low as $90,000 levels earlier today before rebounding to just above $94,000.
Shares of Quantum BioPharma Ltd. (NASDAQQNTM) are soaring more than 70% on Tuesday after the company announced positive clinical trial results for its dietary supplement, unbuzzd, which accelerates the reduction of blood alcohol concentration.
Stocks are higher today as the market brushes off tariff jitters, though the 10- and 30-year Treasury yields are rising on inflationary concerns amid the trade war.
Novo Nordisk (NVO) reports Q4 earnings with expectations of 86 cents EPS and $11.40B revenues. Stock down 29.55% YOY, 4.81% YTD. Analysts see 68% upside.
Meta and Microsoft are now spending roughly 30% of their annual revenues on capital expenditures. What are they hoping to get from all that investment?
Morgan Stanley also highlighted that the organic growth pipeline remains strong for FY26. The brokerage views RBC Bearings as "a high-quality industrials compounder with attractive growth and margin expansion potential.”
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Less demand from foreign governments and central banks to own U.S. dollars ultimately means higher inflation and higher interest rates across the board– including higher mortgage rates.
JP Morgan analyst maintains Overweight rating on PayPal Holdings, Inc (NASDAQPYPL). PayPal's Q4 results beat expectations with strong revenue and margin growth. Outlook for fiscal 2025 is above consensus. Stock reaction likely negative. Next catalyst is Investor Day on Feb 25.
Ford could be hurt by the removal of EV federal tax credits and tariffs imposed on Mexico and Canada. Will the company comment on these items and how it could move forward?
Spotify reported strong quarterly earnings. Analysts predict a positive market reaction with solid user and subscriber growth and rising profitability trends.
