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U.S. stocks fell Thursday as the Dow dropped 300+ points; Macy’s slid on weak guidance, while oil rose and producer prices accelerated.
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Telsey Advisory Group analyst Dana Telsey maintains American Eagle Outfitters (NYSE:AEO) with a Market Perform and lowers the price target from $20 to $18.
American Eagle Outfitters reported Q2 fiscal 2026 EPS of 79 cents, up 75.6% YoY, significantly beating consensus estimates, largely due to a $179 million tariff-refund benefit. Aerie revenues surged 24.9% with 19% comparable sales growth, while the American Eagle brand showed modest 0.7% revenue growth with flat comparable sales. The company projects mid-single-digit fiscal 2026 comparable sales growth with operating income of $540-$550 million.
Morgan Stanley analyst Alex Straton maintains American Eagle Outfitters (NYSE:AEO) with a Equal-Weight and lowers the price target from $18 to $17.
Crude jumped 6% and 30-year Treasury yields hit levels last seen in 2007 as a hot PPI print pushed Fed rate-hike odds toward 70% ahead of Friday's CPI.
AeroVironment’s strong earnings are putting drone stocks and ETFs back on investors’ radar as defense spending on autonomous systems accelerates.
Major U.S. stock indices declined on September 10, 2026, as surging oil prices above $106 per barrel pressured markets amid Middle East tensions. The S&P 500, Nasdaq, and Dow Jones all fell approximately 0.4-0.5%. AeroVironment surged 10% on strong earnings, while Apple gained 2.86% following its foldable iPhone launch. Traders priced in a 70% likelihood of a Fed rate hike at the upcoming FOMC meeting.