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Why Tapestry (TPR) Stock Is Up Today
  • February 6, 2025

Why Tapestry (TPR) Stock Is Up Today

Shares of luxury fashion conglomerate Tapestry (NYSE:TPR) jumped 18.3% in the pre-market session after the company delivered a "beat-and-raise" quarter, its first since the $8.5 billion acquisition of Capri Holdings was called off due to antitrust concerns. Tapestry blew past analysts' constant currency revenue expectations. Its full-year revenue guidance was lifted, and full-year EPS guidance came in much higher than Wall Street's estimates. You may have noticed that EPS missed, but this was la

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Why Ford (F) Stock Is Down Today
  • February 6, 2025

Why Ford (F) Stock Is Down Today

Shares of automotive manufacturer Ford (NYSE:F) fell 6.8% in the morning session after the company reported underwhelming fourth-quarter results, as 2025 guidance threw some cold water on things. The outlook was in line to below expectations and "presumes headwinds related to market factors." On the other hand, Ford blew past analysts' sales volume expectations this quarter. Its revenue also outperformed Wall Street's estimates by a wide margin. Overall, this was a mixed yet weaker quarter.

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Bailey Cautions Markets on Dovish Reaction to BOE Vote Split
  • February 6, 2025

Bailey Cautions Markets on Dovish Reaction to BOE Vote Split

(Bloomberg) -- Bank of England Governor Andrew Bailey cautioned markets against reading too much into how policymakers voted this month after a surprise switch by one official prompted investors to boost bets on more interest-rate reductions. Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresNYC Sees Pedestrian Traffic Increase in Con

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Canada Goose cuts annual profit forecast on feeble demand in crucial market China
  • February 6, 2025

Canada Goose cuts annual profit forecast on feeble demand in crucial market China

Canada Goose Holdings trimmed its annual profit forecast and missed market estimates for third-quarter revenue on Thursday due to choppy sales in China, a key market for luxury goods, sending its shares down 4% in morning trading. Weak consumer spending in China, which is grappling with youth unemployment and a property crisis, has been a major concern for the luxury goods industry and has slowed demand recovery in the region, significantly impacting brands such as Canada Goose. U.S. luxury retailer Estee Lauder, which bet on China, expanded a restructuring plan on Tuesday that involves up to 7,000 job cuts as the cosmetics giant grapples with persistent demand weakness, especially in Asia.

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