Nvidia's Best Day Since April 2025, Cybersecurity Stocks Go Vertical: Stock Market Today
Nvidia surged 9% and cybersecurity names exploded higher, yet 10 of 11 S&P 500 sectors fell as yields firmed before Jackson Hole.
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Citigroup analyst Paul Lejuez downgrades Burlington Stores (NYSE:BURL) from Buy to Neutral and maintains the price target from $380 to $380.
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Nvidia surged 9% and cybersecurity names exploded higher, yet 10 of 11 S&P 500 sectors fell as yields firmed before Jackson Hole.
Read original at benzingaBurlington (BURL) stock fell despite Q2 earnings beating expectations, as revenue missed and Q3 guidance disappointed.
Read original at benzingaBurlington Stores reported Q2 revenue of $3 billion (11% YoY growth) and EPS of $2.96, beating consensus EPS estimates by 35.78% but missing revenue estimates by 0.87%. Comparable store sales grew 2%, below the 2.7% analyst estimate. The stock has declined 15.4% over the past month and carries a Zacks Rank #3 (Hold) rating.
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