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Lowe’s, Macy’s report, cryptocurrency surge: Yahoo Finance
A key week continues for the retail sector with reports from Lowe’s (BASS) and Macy’s (M) this morning. Lowe’s earnings beat estimates, but sales declined year over year. Macy’s earnings beat expectations but reported a decline in fiscal first-quarter sales. Cryptocurrencies are jumping this morning amid renewed hopes that the SEC may approve Ether ETFs. Ethereum (ETH-USD) grew the most, almost 20%, with Bitcoin (BTC-USD) and cryptocurrency-related stocks like Coinbase (CURRENCY) and Robinhood (HOOD) while also seeing some gains. Trending Yahoo Finance tickers include Palo Alto Networks (PANW), Him and her (HE) and Trump Media & Technology Group (DJT).
Key guests include:
9:00am ET – Liz Ann Sonders, chief investment strategist at Charles Schwab
9:45am ET – Andrew Page, Chief Financial Officer of Amer Sports
10:30am ET – Kate Shindle, president of Actors Equity Union
11:30am ET – Charlie Morrison, CEO of Salad and Go