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Lowe’s, Macy’s Report, Crypto Skyrocket: Yahoo Finance
A key week for the retail sector continues with reports from Lowe’s (LOW) and Macy’s (M) this morning. Lowe’s profits beat estimates, but sales fell year over year. Macy’s earnings beat expectations but reported a decline in first-quarter sales. Crypto is surging this morning on renewed hope that the SEC could approve Ether ETFs. Ethereum (ETH-USD) rose the most, by almost 20%, with Bitcoin (BTC-USD) and crypto-related stocks like Coinbase (COIN) and Robinhood (HOOD) also seeing gains. Yahoo Finance trend tickers include Palo Alto Networks (PANW), Hims & Hers (HIMS), and Trump Media & Technology Group (DJT).
Key guests include:
9 a.m. ET – Liz Ann Sonders, Charles Schwab Chief Investment Strategist
9:45 a.m. ET – Andrew Page, CFO of Amer Sports
10:30 a.m. ET – Kate Shindle, President of Actors Equity Union
11:30 a.m. ET – Charlie Morrison, CEO of Salad and Go