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Signet Jewelers Appoints New Brand Leaders
Signet Jewelers (SIG) announced two brand leadership appointments that advance the company's Grow Brand Love strategy. Jamie Cygielman has been appointed President of Zales and Banter and Pam Cloud has joined Signet as President of Blue Nile. Most recently, Cygielman served as Global Head of Dolls at Mattel (MAT) and General Manager and President of American Girl. Cygielman will report to Symancyk and lead the next phase of growth for Zales and Banter, building on decades of customer trust while further differentiating the brands and broadening their appeal. Guided by Signet's Grow Brand Love strategy, she will oversee the brands' go-to-market strategies, with a focus on innovation, distinctive customer experiences and deepening relationships with consumers. Cloud brings more than 30 years of luxury retail experience to Blue Nile, including more than 25 years at Tiffany & Co. She served as Senior Vice President and Chief Merchandising Officer. Cloud will report to Joan Hilson, Signet's Chief Operating and Financial Officer, to lead Blue Nile's next phase of growth and transformation, advancing its elevated natural diamond-leaning luxury positioning and overseeing its strategy across every customer touchpoint. Cygielman will join Signet effective August 24 and will be based in Dallas. Cloud began her role as President of Blue Nile effective August 10 and will be based in New York City.
US Stocks Surge to New Highs on AI Economic Strength
Stocks swung higher to new records on Tuesday as more strength from the AI economy offset the ongoing impasse between the U.S. and Iran. Chip producers and companies in the AI infrastructure space extended the momentum that has carried equity indices this year, including Broadcom, which advanced ahead of the company's earnings report due tomorrow.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetis looking to raise, including an investment from Berkshire Hathaway, to fund expansion of its AI infrastructureHP Enterpriseshares surged after the company gave an annualciting massive growth in demand for its servers and networking productsDollar Generalreportedand raised its FY26 EPS viewMarvellis set to be theNvidiaCEO Jensen Huang saidPresident Trump signed angranting the federal government oversight of AI models2. WALL STREET CALLS:Meta Platformsto Buy from Neutral at AreteWedbushTripAdvisorto Outperform on "underappreciated catalysts"Intuitto Sell at Goldman SachsNubankto Underperform at BofAPiper SandlerFulcrum to Underweight after sickle cell development stopped3. AROUND THE WEB:Tencentis close to launching an AI agent for WeChat, FT saysArmCEO Rene Haas said the U.S. will have difficulty blocking the export of CPUs to China because of their widespread use, Reuters reportsA merger between Estee Lauderand Jean Paul Gaultier-owner Puigfailed to go through due to the price tag of the transaction, but the company was still open to acquisitions if it made financial sense, Reuters saysGE Vernovawas denied its request for a court to reconsider a ruling blocking the company from ending its contract for the Vineyard Wind 1 offshore wind project, Renewables Now reportsNvidiaCEO Jensen Huang told the Computex conference in Taiwan that Anthropic, OpenAI and SpaceX are among the first big users of its upcoming microprocessor, Bloomberg says4. MOVERS:Legend Biotechrose after presentingfor LB2501 at the EHA CongressSTMicroelectronicsrises in New York after increasing its FY26 data center review guidancehttps://pro.thefly.com/STMVerra Mobilitydeclined afterCEO David Roberts will step downCelcuityfell afterfrom its PIK3CA mutant cohort of the Phase 3 VIKTORIA-1 clinical trial of gedatolisibXometryclosed lower after announcing apriced at $855. EARNINGS/GUIDANCE:Signet Jewelersreportedand narrowed its guidance for FY27Donaldsonreported, with EPS and revenue beating consensusVictoria's Secretreported, with CEO Hillary Super commenting on "a very strong start to 2026"Oddityreported, with EPS missing consensusAveannafor FY26INDEXES:The Dow rose 228.91, or 0.45%, to 51,307.79, the Nasdaq gained 7.09, or 0.026%, to 27,093.90, and the S&P 500 advanced 9.82, or 0.13%, to 7,609.78.
Alphabet Secures Funding to Expand AI Infrastructure
Stocks have edged up from record levels despite continued uncertainty regarding energy supply from the Middle East. Oil prices remain higher on the week as reports indicate strikes between Israel and Lebanon persisted despite President Trump's signal of a ceasefire.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetisin equity offerings, including an investment from Berkshire Hathaway, to fund expansion of its AI infrastructureHP Enterpriseshares have surged after the company gave anthat topped estimates, citing massive growth in demand for its servers and networking productsDollar Generalreported better-than-expectedand raised its FY26 EPS viewMarvellis set to be theNvidiaCEO Jensen Huang saidCoca-Colaexploringin India for Hindustan Coca-Cola Holdings, parent of its largest bottler in the country2. WALL STREET CALLS:Meta Platformsto Buy from Neutral at AreteWedbushTripAdvisorto Outperform on "underappreciated catalysts"Intuitto Sell at Goldman SachsNubankto Underperform at BofAPiper SandlerFulcrum to Underweight after sickle cell development stopped3. AROUND THE WEB:Tencentis close to launching an AI agent for WeChat, with the company currently testing a prototype of an agent that can help users complete tasks within the app, FT saysArmCEO Rene Haas said the U.S. will have difficulty blocking the export of CPUs to China because of their widespread use and it would be difficult to block only AI CPUs, Reuters reportsAccording to Estee Lauder CEO Stephane de La Faverie, a merger between Estee Lauderand Jean Paul Gaultier-owner Puigfailed to go through due to the price tag of the transaction, but the company was still open to acquisitions if it made financial sense, Reuters saysGE Vernovawas denied its request for a Massachusetts court to reconsider its ruling blocking the company from ending its contract for the 806-MW Vineyard Wind 1 offshore wind project, Renewables Now reportsNvidiaCEO Jensen Huang told the Computex conference in Taiwan that Anthropic, OpenAI and SpaceX are among the first big users of its upcoming microprocessor, Bloomberg says4. MOVERS:Legend Biotechhigher after presentingfor LB2501 at the EHA CongressSTMicroelectronicsrises in New York after increasing its FY26Verra Mobilitydeclines after announcing CEO Davidand Jon Keyser has been appointed interim CEOCelcuityfalls after reportingfrom its PIK3CA mutant cohort of the Phase 3 VIKTORIA-1 clinical trial of gedatolisibXometrylower after announcing apriced at $855. EARNINGS/GUIDANCE:Signet Jewelersand narrowed its guidance for FY27Donaldson, with EPS and revenue beating consensusVictoria's Secret, with CEO Hillary Super commenting on "a very strong start to 2026"Oddity, with EPS missing consensusAveannafor FY26INDEXES:Near midday, the Dow was up 0.24%, or 122.72, to 51,201.60, the Nasdaq was up 0.18%, or 49.56, to 27,136.37, and the S&P 500 was up 0.18%, or 13.91, to 7,613.87.
S&P 500 Futures Modestly Lower, HPE Shares Up 27%
Stock futures are modestly lower this morning after the S&P 500, Nasdaq, and Dow all closed at record highs on Monday. Investors are seemingly taking a cautious stance ahead of this week's labor-market data and additional comments from Federal Reserve officials.The market received another boost from strong technology-related news. Hewlett Packard Enterprise surged in premarket trading after raising financial targets, while AI-linked names such as Marvell and Nvidia also attracted buying interest. Enthusiasm surrounding data centers, AI infrastructure, and enterprise spending continues to provide the primary source of market leadership.Bond yields remain elevated but relatively stable. The 10-year Treasury yield is hovering around the mid-4.4% range. Investors are watching whether upcoming economic data can support the soft-landing narrative without reigniting inflation fears. The JOLTS job openings report is also in focus.In pre-market trading, S&P 500 futures fell 0.17%, Nasdaq futures fell 0.03% and Dow futures fell 0.49%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Marvellup 18% after NvidiaCEO Jensen Huang said at Computex Week in Taipei that the company is set to be the "next trillion-dollar company"Aveannaup 9% after raising its full-year outlook following completion of the acquisition of Family First HoldingMicrochipup 8% after FY26 data center solution revenue pre-announcementUP AFTER EARNINGS -HPEup 27%Citi Trendsup 10%Signet Jewelersup 7%Dollar Generalup 4%Donaldsonup 2%DOWN AFTER EARNINGS -Odditydown 19%Credo Technologydown 3%LOWER -Fulcrum Therapeuticsdown 51% after announcing the discontinuation of its pociredir program for the treatment of sickle cell disease and the initiation of a review of strategic alternativesPhilip Morrisdown 1% after cutting its full-year EPS view
FY27 EPS Consensus at $10.44, Revenue View Adjusted to $6.7B-$6.9B
FY27 EPS consensus $10.44. Narrows FY27 revenue view to $6.7B-$6.9B from $6.6B-$6.9B, consensus $6.84B. Narrows FY27 SSS view to (0.75%)-2.5% from (1.25%)-1.5%.
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