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.