Reply To: Traders Market Weekly: Markets Rupture with Soaring yields and Fund Outflows

#44775
Truman
Participant

NIKE (NKE 85.23, -10.10, -10.59%): beats by $0.01, beats on revs; gross margin down 220 bps, revenue for NIKE Brand up 4% on reported basis; expects Q2 gross margins to decline approximately 350-400 bps yr/yr
Micron (MU 50.75, +0.74, +1.48%): beats by $0.07, misses on revs; guides Q1 EPS below consensus, revs below consensus; reducing supply growth, including ~50% fab equipment capex cut versus last year
Meta Platforms (META 136.80, +0.39, +0.29%): announces hiring freeze, warns employees of restructuring, according to Bloomberg
Rent-A-Center (RCII 18.28, -4.05, -18.14%): Lowers Q3 guidance, says external economic conditions have continued to deteriorate; also CFO steps down, names Fahmi Karam as CFO
Microsoft (MSFT 238.92, +1.42, +0.60%): resumed with an Outperform at Raymond James