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Abercrombie & Fitch Gains, ASML Rises, Nike Jumps

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Manage episode 497076126 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this edition of Stock Movers:

- Abercrombie & Fitch (ANF) shares gained today after JPMorgan boosted its price target on the retailer to $151, a street high, citing strength across categories and potential for sequential improvement in same-store-sales. Analyst Matthew Boss says: “We are raising our 2Q25 EPS to $2.33 (above Street $2.26) based on revenues +7.1% y/y (above Street +4.3% & management’s +3-5% revenue guidance) and same-store-sales growth of +4.7% same-store-sales growth (vs. Street +2.3%).”

- ASML Holding (ASML) and other European semiconductor equipment stocks gained today after their key customer, Samsung, won a contract to make AI chips for Tesla. Meanwhile, a US-EU trade agreement that exempts tariffs on semiconductor equipment gives an additional boost to the sector after its two-week long slide.

- Nike (NKE) shares are up today after JPMorgan upgrades to overweight from neutral, citing the earnings impact of the sportswear maker’s five-pronged multi-year recovery plan. JPMorgan analyst Matthew Boss notes that the recovery path will equate to positive earnings-per-share growth in the high teens to 20% through to the 2030 full-year. The recovery plan includes global inventory alignment to sales growth, accelerating momentum within global wholesale order books and 2H 2026 anniversary of about $500 million of accelerated and incremental sales-related reserves.

See omnystudio.com/listener for privacy information.

  continue reading

814 episodes

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iconShare
 
Manage episode 497076126 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this edition of Stock Movers:

- Abercrombie & Fitch (ANF) shares gained today after JPMorgan boosted its price target on the retailer to $151, a street high, citing strength across categories and potential for sequential improvement in same-store-sales. Analyst Matthew Boss says: “We are raising our 2Q25 EPS to $2.33 (above Street $2.26) based on revenues +7.1% y/y (above Street +4.3% & management’s +3-5% revenue guidance) and same-store-sales growth of +4.7% same-store-sales growth (vs. Street +2.3%).”

- ASML Holding (ASML) and other European semiconductor equipment stocks gained today after their key customer, Samsung, won a contract to make AI chips for Tesla. Meanwhile, a US-EU trade agreement that exempts tariffs on semiconductor equipment gives an additional boost to the sector after its two-week long slide.

- Nike (NKE) shares are up today after JPMorgan upgrades to overweight from neutral, citing the earnings impact of the sportswear maker’s five-pronged multi-year recovery plan. JPMorgan analyst Matthew Boss notes that the recovery path will equate to positive earnings-per-share growth in the high teens to 20% through to the 2030 full-year. The recovery plan includes global inventory alignment to sales growth, accelerating momentum within global wholesale order books and 2H 2026 anniversary of about $500 million of accelerated and incremental sales-related reserves.

See omnystudio.com/listener for privacy information.

  continue reading

814 episodes

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