Equities

Urban Outfitters Stock Up 52% After Beating Estimates

Urban Outfitters beats estimates, utilities surge nearly 20% in May, Nvidia earnings awaited tomorrow.

By Bill Bullington

5/21, 19:51 EDT
Apple Inc.
American Electric Power Company, Inc.
DTE Energy Company
NextEra Energy, Inc.
NRG Energy, Inc.
Pacific Gas & Electric Co.
Vistra Corp.
Walgreens Boots Alliance, Inc.
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Urban Outfitters Beats Estimates, Utilities Surge, and Nvidia Earnings Awaited

After-hours Stock Action

Urban Outfitters (URBN): Quarterly Success

  • Exceeded Expectations: Adjusted earnings and revenue beat estimates.
  • Store Performance: Strong results from Free People and Anthropologie offset Urban Outfitters store decline.
  • Stock Movement: Up 52% in the past twelve months, 13% off its 52-week high.

Utilities Sector Shines in May

  • Constellation Energy Leads: Up nearly 20% month to date, part of the strong utility sector performance.
  • Other Leaders: NRG Energy, NextEra up over 14% in May; Vistra on longest monthly win streak. PG&E at highest level in a year.

Walgreens (WBA): Historic Low

  • Lowest Since 1998: Down almost 47% in twelve months with majority hold ratings from analysts.

Apple (AAPL) AI Boom Predictions

  • Potential Growth Catalysts: Steve Eisman predicts AI boom to benefit Apple shares as consumers replace devices.
  • Analyst Ratings & Targets: Majority buy ratings with an average price target of $202/share.

Sectors We Are Watching

Cocoa Market Update

  • Cocoa Commodity Trends: Down by 36% from recent highs due to favorable weather conditions for crop growth.
  • Hershey Performance: Down by 22% YTD but up by 7% in May.

Utilities Sector Performance Overview

  • Strong Sector Momentum: Second-best performer this month behind information technology but leading in the last three months.
  • Top Performers & New Highs Today:
    • American Electric Power up by 7.6% in May and by12 %in three months
    • DTE Energy up by6.2 %in May andby7 %in three months

GLP-1 Pharma Stocks Analysis

  • Structure Therapeutics Potential Growth:
    • JPMorgan analyst bullish on Structure Therapeutics' potential against major players; stock surged post-analyst note.
    • Market Opportunity Forecast for Oral GLP-1s reaching $30bn sales by2035.