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U.S. stocks mixed, Nasdaq falls 0.1%. Gap Inc shares rise 15.2% on strong earnings and raised guidance. Other big gainers include Elastic NV, Solstice Advanced Materials Inc, and Pagerduty Inc.
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Affirm stock surged after beating Q4 expectations and issuing strong fiscal 2027 guidance, driven by robust GMV growth and expanding international partnerships.
Read original at benzingaMajor stock indexes edged higher on Aug. 28 as investors digested Federal Reserve Chairman Kevin Warsh's Jackson Hole speech emphasizing commitment to reducing inflation. The S&P 500 gained 0.20%, Nasdaq rose 0.14%, and the Dow climbed 0.17%. Communication services led sector gains while industrials and healthcare traded lower. Elastic surged 18% on earnings, but semiconductor stocks like Marvell and Rubrik fell despite beating expectations, as investors grew cautious following recent rallies and amid signals of potential rate hikes.
Read original at the-motley-foolFed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
Read original at benzingaUBS analyst Timothy Chiodo maintains Affirm Holdings (NASDAQ:AFRM) with a Neutral and raises the price target from $82 to $90.
Read original at benzingaAIR Global PLC shareholders approved the repurchase of 5 million ordinary shares from Harraden Circle Investors for $52.45 million at $10.49 per share. The company also received general authorities to conduct future share repurchases through off-market and open market transactions. Additionally, shareholders approved amendments to the company's articles of association regarding meeting notices.
Read original at globenewswire-incBath & Body Works (BBWI) exceeded Q2 earnings and sales expectations with adjusted EPS of 62 cents (vs. 24 cents consensus) and net sales of $1,514 million. The company returned to direct sales growth for the first time since 2021, benefiting from improved digital conversion and expanded distribution. BBWI raised its FY'26 adjusted EPS guidance to $2.60-$2.80 and free cash flow to $650 million, driving shares up 7.5%.
Read original at zacks-investment-research