Flat opening Wall Street
The focus is mainly on Nvidiathe chip giant that forms the heart of the current AI revolution with its graphic processors. The share is just before the figures, which will appear later today, 0.3 percent lower.
The striking risers are part of Kohl’sthe large American department store chain, which shoots 22 percent after better than expected profit and turnover figures.
Abercrombie & Fitchknown for his fashion stores, 2 percent drops. The results were better than analysts in average expected. Investors might have counted on more.
Canada Goosemanufacturer of luxury parkas, win 13 percent after it is known that major shareholder Bain Capital receives bids to get the stock market company. The possible buyers appreciate the company at around 1.35 billion dollars.
Foot Locker wins 0.7 percent. The sports store chain, which will soon be taken over by Dick’s Sporting Goods (plus 0.6 percent), writes a loss of 38 million dollars in the second quarter, considerably more than a year earlier. Foot Locker sells less in North America in particular. The company says that market conditions are heavy.
Software Octaspecialized in identity and security solutions for companies, almost 2 percent rises. Both turnover and profit are higher than expected and the prospects for the entire financial year are also boosted.
Cracker Barrel wins over 5 percent. The American restaurant chain has decided to retain its old logo after a storm of criticism of a new design. Even President Donald Trump expressed his dissatisfaction with his social media platform Truth Social. After Cracker Barrel’s decision, the president congratulated the chain. “Good luck in the future. Earn a lot of money and, the most important thing, make your customers happy again!”, Says Trump.
ExxonMobil Klimt 1 percent. According to various media, the oil company held conversations with the Russian state oil company Rosneft about a return to Russia. The conversations were about resuming work on Sakhalin-1, a large oil and gas project in the far east of Russia. Exxon left Russia in 2022, in response to the Russian raid in Ukraine.