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In a recent trading session, there were some notable movements in the market. E.l.f. Beauty exceeded Wall Street’s expectations with a 50% increase in sales for its fiscal first quarter. However, the company warned of higher container and transportation costs in FY25, leading to a drop in share prices after hours. Paramount Global saw a 5% increase after reporting an unexpected profit in its streaming division. On the flip side, Sweetgreen experienced a surge of over 20% following an optimistic full-year sales outlook, despite missing earnings estimates slightly.
For those interested in home improvement stocks, CNBC’s real estate reporter Diana Olick will be covering the uptick in home renovations in the US. Home Depot and Lowe’s have seen fluctuations in their stock prices, with Home Depot down 2% this week and Lowe’s up 6% year-to-date.
As the Federal Reserve considers a potential rate cut, investors are turning to new sources of yield in the bond market. Several core and core-plus bond funds, such as Vanguard’s Core Bond Fund and BlackRock’s Total Return ETF, offer attractive yields for investors seeking income.
In the tech sector, companies like Nvidia, Meta Platforms, and Tesla have seen significant gains recently. Thursday marked the S&P 500’s best session since November 2022, with the tech industry leading the charge.
Delta Air Lines faced criticism after a tech outage cost the airline $380 million, with CrowdStrike offering assistance in resolving the issue. Karen Finerman, a “Fast Money” trader, expressed confidence in CrowdStrike’s recovery potential, leading to a 4.27% increase in stock price.
With E.l.f. Beauty’s strong sales performance and cautious guidance, the makeup industry is experiencing shifts in stock prices. Ulta Beauty, Estee Lauder, and Coty have all seen fluctuations in their stock prices, highlighting the volatility of the market.
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