Feb 8th, 2024 – The S&P 500 reached the milestone of 5000 points during the day but closed at 4,997.91 with a growth of 0,06%, also the Dow Jones grew by a little, rising about 0.13%, while the Nasdaq gained 0,24%.
Shares of online payments giant Adyen (ADYEN) soared on Thursday after the company reported an important growth in sales growth and better-than-expected profit for 2023.
The company competes with Stripe, Paypal and announced to its shareholders that it had slowed its pace in the hiring process to counter concerns that it was spending too much on expansion of the team. Shares at the end of the day were up 20,16%.
(R.Browne)
Disney shares (DIS) grew 12% on Thursday, headed for the best day for the stock since December 2020, after the company published their fiscal first-quarter earnings beating estimates and also announcing new deals and upcoming events. They announced the acquisition of a $1.5 billion stake in Epic Games. the maker of Fortnite, taking a big step into the gaming segment. Disney’s earnings per share for the first quarter resulted at $1.22, beating the forecasted $0,99, despite missing revenues estimates. As a result the stock closed with a growth of 11,50%.
(J.Reid)
Shares of Ralph Lauren (RL) rallied 14% on Thursday after the company delivered an upbeat quarter result just before the opening bell. The premium apparel company reported strong revenue across its regions, led by Asia, with also operating margins doing better than expected. The success is attributed to the continued appetite by consumers for the brand, following a strong holiday shopping season. This comes also as a surprise as high-end fashion companies are struggling to recover in the post pandemic in China, where Ralph Lauren still did great. The stock closed the day with a +16,79%.
(P.Likos)
Author: Luca Sesena