Noticias y eventos de Designer Brands Inc (DBI)DBIDesigner Brands Inc

Major Averages Close Broadly Lower as Oil Surpasses $100

The major averages closed broadly lower, extending the week's sharp losses as oil surpassed $100 per barrel amid escalating tensions between the U.S. and Iran as part of a war that has reached its seventh month. The increase in oil prices is keeping inflation front and center, as is today's producer price index report. For the Federal Reserve's policy decision next week, markets are now pricing roughly a 62% probability of a 25-basis-point rate hike, a significant shift from expectations earlier in the month.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Macy'sprovided areport for Q2Nasdaqwill invest $100M inAeroVironmentreportedand reiterated its FY27 outlookBending SpoonsMiro for $1.355BOpenAI introduced2. WALL STREET CALLS:Meta Platformsto Overweight from Neutral at JPMorganUberto Neutral from Buy at AreteNikewith an Underweight at Morgan StanleyStoneXBlockto Buy, says AI rebuild is workingCooper Companiesat Piper Sandler, Baird, BofA and William Blair3. AROUND THE WEB:Federal officials are poised to declare an end to largest known cyclosporiasis outbreak, Washington Post reportsKinetikis in the early stages of exploring options, including a potential sale, Bloomberg reportsDellhas raised $5B from an investment-grade bond sale, riding the surge in revenue from AI servers, Bloomberg saysVolkswagenexpects the total cost of job cuts and potential plant closures will be around $18.6B, Reuters reportsOpenAI is expanding its ties with Samsung Electronicsas it works to develop its own chips, Reuters says4. MOVERS:Clover Healthgained after Deutsche Bankcoverage of the stock with a Buy ratingWealthfrontincreased after, with EPS missing consensusLincoln Electricdeclined after CFO Gabe Bruno said inflation willNavanfell afterand acquiring BoomPopAmerican Eaglewas lower afterand providing guidance for Q3 and FY265. EARNINGS/GUIDANCE:Shoe Station Groupand provided its outlook for FY26Vince Holdingthat CEO Brendan Hoffman called "strong," with "excellent growth across both our direct-to-consumer and wholesale channels"Designer Brandand raised its outlook for FY26Labcorpreaffirmed itsand provided its long-term outlookMasterCraft Boat, with EPS and revenue beating consensusINDEXES:The Dow fell 316.56, or 0.60%, to 52,064.10, the Nasdaq lost 171.62, or 0.65%, to 26,081.73, and the S&P 500 declined 44.66, or 0.58%, to 7,591.70.

Major Averages Broadly Lower as Oil Surpasses $100

The major averages were broadly lower near noon, extending the week's sharp losses as oil surpassed $100 per barrel amid escalating tensions between the U.S. and Iran as part of a war that has reached its seventh month. The more than 4% increase in oil prices is keeping inflation front and center, as is today's producer price index report. For the Federal Reserve's policy decision next week, markets are now pricing roughly a 62% probability of a 25-basis-point rate hike, a significant shift from expectations earlier in the month.In corporate news, Oracle and Adobe report earnings after the close, giving investors another read on enterprise software spending and AI-related investment.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Macy'sprovided areport for Q2Nasdaqwill invest $100M inAeroVironmentreportedand reiterated its FY27 outlookBending SpoonsMiro for $1.355BCooper Companiescut its FY26 earnings guidance and said it won't sell CooperSurgical2. WALL STREET CALLS:Meta Platformsto Overweight from Neutral at JPMorganUberto Neutral from Buy at AreteNikewith an Underweight at Morgan StanleyStoneXBlockto Buy, says AI rebuild is workingCooper Companiesat Piper Sandler, Baird, BofA and William Blair3. AROUND THE WEB:Kinetikis in the early stages of exploring options, including a potential sale, Bloomberg reportsDellhas raised $5B from an investment-grade bond sale, riding the surge in revenue from AI servers, Bloomberg saysVolkswagenexpects the total cost of job cuts and potential plant closures will be around $18.6B, Reuters reportsOpenAI is expanding its ties with Samsung Electronicsas it works to develop its own chips, Reuters saysA major Novartisshareholder is calling for board changes following successive clinical setbacks and concerns over the company's acquisition track record, arguing that stronger deal oversight and changes to governance and compensation are needed to improve accountability and prevent further value destruction, Reuters reports4. MOVERS:Clover Healthgains after Deutsche Bankof the stock with a Buy ratingWealthfront (WLTH) increases after, with EPS missing consensusRedwood Trustdeclines after announcing aNavanfalls afterand acquiring BoomPopAmerican Eaglelower afterand providing guidance for Q3 and FY265. EARNINGS/GUIDANCE:Shoe Station Groupand provided its outlook for FY26Vince Holdingthat CEO Brendan Hoffman called "strong," with "excellent growth across both our direct-to-consumer and wholesale channels"Designer Brandand raised its outlook for FY26Labcorpfor FY26 and provided its long-term outlookMasterCraft Boat, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was down 304.25, or 0.58%, to 52,076.41, the Nasdaq was down 147.64, or 0.56%, to 26,105.70, and the S&P 500 was down 39.84, or 0.52%, to 7,596.52.

Says Opens Five New Stores in Q2, Positive Earnings Outlook

Says opened five new stores in Q2 and are pleased with the early performance of these locations, which are expected to be accretive to earnings in their first year. Says Q3 is off to a strong start. Says while top-line performance was slightly below expectations, average unit retail and average dollars per sale remained strong. Says expects greater year-over-year pressure on profitability in Q3, primarily reflecting certain benefits in the prior year period that are headwinds in the current period. Comments taken from Q2 earnings conference call.