Nintendo's Q3 revenue decreased to 432.92 billion Japanese yen, with EPS at 110.40 Japanese yen. It sold 4.82 million Nintendo Switch units and lowered sales forecasts for fiscal 2025.
President Donald Trump's executive order to create a U.S. Sovereign Wealth Fund (SWF) has triggered debates over its structure, funding and potential investments.
Cboe Global Markets announced on Monday that it plans to offer 24-hour, five days per week trading for U.S. equities on its Cboe EDGX Equities Exchange, subject to regulatory review.
Bitcoin slipped below the $100K mark despite a brief recovery, while XRP and Toshi remained among the most active cryptos amid fluctuating retail sentiment ahead of David Sacks, Trump’s AI and Crypto Czar, discussing U.S. digital asset policy.
Shares of snack food company J&J Snack Foods (NASDAQJJSF)
fell 11.1% in the morning session after the company reported underwhelming fourth quarter results. Its gross margin fell short of Wall Street's estimates, leading to a large EPS shortfall. The company stated that "our performance was impacted by a less favorable sales mix namely related to our bakery and churros business, along with input cost inflation that was not fully covered with price increases." Overall, this was a weak quarter.
Shares of global pharmaceutical company Merck (NYSEMRK)
fell 11% in the morning session after the company reported mixed fourth-quarter earnings. Its full-year revenue and EPS guidance missed by a long shot. The company blamed some of the softness on rising competition and weak demand in China. On the other hand, Merck blew past analysts' constant currency revenue expectations this quarter, and its EPS outperformed Wall Street's estimates. Overall, this was a softer quarter.
Shares of data-mining and analytics company Palantir (NYSEPLTR)
jumped 26.9% in the morning session after the company reported impressive fourth-quarter results, which blew past analysts' billings, revenue, and EPS estimates, amid encouraging AI demand. Both its commercial and government businesses posted strong double-digit growth. The government side remains the bigger earner, but the commercial division is gaining ground, especially in the U.S. There, commercial sales jumped 64% from a year ago and 20% from the prior quarter. Looking ahead, the outlook provided was also encouraging, with the company's 2025 revenue guidance exceeding expectations. Zooming out, we think this was an outstanding quarter.
Shares of battery and lighting company Energizer (NYSEENR)
fell 5.7% in the morning session after the company reported weak fourth-quarter results: Its EPS guidance for next quarter fell short of Wall Street's estimates. Also, the FY 2025 sales forecast implied weak growth in the low single-digit range, which is unlikely to impress investors and Wall Street. On the other hand, Energizer exceeded analysts' organic revenue estimates during the quarter. The market seemed to focus on the negatives and the stock is down.
Shares of packaging manufacturer Ball (NYSEBLL) fell 7.7% in the afternoon session after the company reported weak fourth-quarter results, with its revenue falling below Wall Street's expectations. Weak demand in North and Central America dragged down volumes and prices. Still, its earnings per share beat expectations. Zooming out, we think this quarter was mixed yet weaker quarter.
Shares of water technology company Xylem (NYSEXYL)
jumped 7.2% in the morning session after the company reported impressive fourth-quarter results, which blew past analysts' organic revenue and EPS estimates. The results were buoyed by strong execution and demand. On the other hand, its full-year revenue and EPS guidance missed. Overall, this was a mixed yet decent quarter.
Shares of electrical safety company Atkore (NYSEATKR) fell 19.3% in the afternoon session after the company reported weak fourth quarter results. Its full-year EBITDA guidance missed significantly, and its revenue fell short of Wall Street's estimates as both prices and volumes weakened. On the other hand, it was encouraging to see Atkore beat analysts' EPS expectations this quarter. Overall, this was a weaker quarter.
The gold market experienced significant gains this week, driven by major geopolitical and economic developments. The primary catalyst was President Trump’s announcement of new tariffs.
