Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the industry’s six-month return of 1.8% has fallen short of the S&P 500’s 6.7% rise.
Industrial and safety product distributor Distribution Solutions (NASDAQ:DSGR) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 18.6% year on year to $480.5 million. Its non-GAAP profit of $0.42 per share was 26% above analysts’ consensus estimates.
Used-car retailer America’s Car-Mart (NASDAQ:CRMT) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 8.7% year on year to $325.7 million. Its GAAP profit of $0.37 per share was significantly above analysts’ consensus estimates.
Real estate technology company The Real Brokerage (NASDAQ:REAX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 93.4% year on year to $350.6 million. Its GAAP loss of $0.03 per share was $0.02 above analysts’ consensus estimates.
The Chinese tech giant unveiled its latest AI reasoning model on Thursday, saying it beats rivals from OpenAI and DeepSeek. The day before another company launched a “general AI agent” called Manus.
Morning Bid U.S. We've revamped Morning Bid U.S. to offer you more in-depth markets analysis and commentary. The European Central Bank will almost certainly deliver an interest rate cut today despite the recent surge in euro area government yields, but the central bank may be forced to pause after today as it assesses Germany's extraordinary fiscal reboot.
Off-price retail company Burlington Stores (NYSE:BURL) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.8% year on year to $3.28 billion. On the other hand, next quarter’s revenue guidance of $2.50 billion was less impressive, coming in 4.3% below analysts’ estimates. Its non-GAAP profit of $4.07 per share was 8% above analysts’ consensus estimates.
Wall Street's main indexes fell on Thursday, led by a decline in chip stocks as Marvell's forecast fanned worries of slowing demand for AI infrastructure, while worries about a trade war unleashed by U.S. tariffs also weighed on sentiment. Concerns about overspending and overcapacity in the U.S. AI industry, in the face of China's cheaper DeepSeek models, paused Wall Street's bull rally in January. The tech-heavy Nasdaq is now down over 9% from its record high hit in December.
NEW YORK (Reuters) -Investors are recalibrating how to play U.S. President Donald Trump's whipsawing policy changes, weighing that a so-called "Trump put" supporting stock market prices may be fading and that his administration is more keenly focused on the debt markets. Investors had bet strongly that Trump's agenda to lower taxes and usher in deregulation would support risk assets in a similar way to his first term when he frequently touted the stock market's performance. The so-called "Trump put," which refers to options, assumes that he will do whatever possible to keep the stock market happy.