RH Aug 2024 260.000 call
- Yahoo Finance Video
Tesla bulls and short sellers, French stocks pull back: Morning Brief
It's Friday morning, but even the stock market can't afford to take a three-day weekend! Morning Brief Hosts Seana Smith and Brad Smith guide investors through the leading industry stories and into the day's market open. Wall Street and tech investors are abuzz about Tesla (TSLA) and what CEO Elon Musk's pay package — valued at around $46 billion in the company's current stock price — is indicating about the future growth of the EV maker. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives details his latest forecast stipulating Tesla's market cap could be over $1 trillion in 2025. Clean Energy Transition CEO and Portfolio Manager Per Lekander later chimes in on why he believes Tesla is "the biggest stock market bubble in history" and that it could be "the next Enron." In stock news, Apple (AAPL) continues to hold the most valuable company title at the open after it's market cap surpassed Microsoft's (MSFT). France's CAC 40 (^FCHI) exchange takes a hit, falling by well over 2% as political tensions over France's snap election create unease in the market. This post was written by Luke Carberry Mogan.
- StockStory
Why RH (RH) Stock Is Down Today
Shares of luxury furniture retailer RH (NYSE:RH) fell 17.6% in the morning session after the company reported disappointing first-quarter earnings results: Its adjusted EBITDA and EPS missed analysts' expectations. Looking ahead, next quarter's guidance was below for both revenue growth and adjusted EBITDA margin, showing that the company is not only growing slower but that growth is less profitable.
- Yahoo Finance Video
RH stock sinks on earnings miss, Q2 guidance
Shares of RH (RH) are sinking after missing earnings expectations and forecasting second quarter guidance that fell below estimates. Yahoo Finance's Julie Hyman and Josh Lipton analyze the challenges facing the luxury furniture retailer and how inflation is impacting its sales. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written and updated by Melanie Riehl
