Research
BMO Capital Initiates Coverage on Birkenstock With Market Perform Rating, $35 PT
Birkenstock Holding (BIRK) has an average rating of overweight and mean price target of $54.78, according to analysts polled by FactSet.
$BIRK
$BIRK
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US Markets
Softline Retailers to Continue Reaping Gains From AI Boom, UBS Says
US softline retailers should continue to benefit from the ongoing artificial intelligence boom, though recent consumer spending trends could weigh on the sector's performance, UBS Securities said Monday.The massive AI infrastructure buildout, which has fueled a rally in the stock market and growth of the world's biggest economy this year, should also help boost consumer demand for softgoods, UBS analysts, including Jay Sole, said in a note to clients.At the same time, softline companies' AI adoption is driving sales growth and making them cost efficient, they said. "We believe we are more bullish than the consensus is in both areas," the analysts wrote.Hyperscalers such as Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) are spending enormous sums to expand their AI infrastructure footprints globally amid growing demand for AI and cloud services.UBS continues to project a low-double-digit percentage growth in earnings per share this year for the "median industry stock" and deems Wall Street's 2026 forecasts to be "generally too low."However, the brokerage remains cautious on the sector given what appears to be muted consumer spending."August survey data show the current US consumer spending environment is similar (month over month) and this dampens our enthusiasm for softline stocks," the analysts said. "We believe the market needs to see the industry's sales growth rate accelerate in order to catalyze near-term stock buying."Last week, a survey by the University of Michigan showed that US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future." A separate survey by the Conference Board showed that consumer confidence fell this month amid a decline in the expectations index, with a "more pessimistic" outlook for business conditions and the labor market ahead."August survey results show moderate divergence of spending behavior between lower income and higher income consumers," UBS said Monday. "While lower-income consumers still report relatively resilient softgood spending intentions, most measures of financial well-being, confidence, economic optimism, and quality of life are weaker (versus) middle- and higher-income households."Price: $28.72, Change: $-0.13, Percent Change: -0.45%
$AMZN$BIRK$COLM$DDS$GIL$GOOG$GOOGL$KSS$M$META$MSFT$ONON$PLCE$REAL$SFIX
Sectors
Sector Update: Consumer Stocks Mixed Late Afternoon
Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.In sector news, retail sales slid 0.6% amid declines in spending on motor vehicles and at gas stations, following a 0.2% increase in June, the Census Bureau reported Friday. The consensus was 0.1% growth, according to a survey compiled by Bloomberg.The University of Michigan's preliminary consumer sentiment index fell to 51.0 in August from 55.2 in July, below expectations for a much smaller decrease to 55.0 in a Bloomberg-compiled survey.In corporate news, Fox class A and B shares (FOXA, FOX) were each rising past 5% following a rating upgrade from Wells Fargo.American Airlines (AAL) planes with the same call sign were landing and taking off simultaneously at Phoenix Sky Harbor International Airport around midnight local time on Friday, Bloomberg reported, citing air traffic audio records. The aircraft were converging along the same path and on the same radio frequency, prompting the controller to carefully direct the jets to avoid any potential issue, the report said. American Airlines shares were down 1.5%.Tesla (TSLA) is planning to reveal its new Roadster as soon as this month at an event that will feature a "flying" stunt, The Information reported. A limited edition of the Roadster that uses SpaceX (SPCX) cold gas thrusters will demonstrate its flying capabilities at the event, which is expected to take place at SpaceX's testing site in McGregor, Texas, the report said. Tesla shares were up 0.4%.Birkenstock (BIRK) shares fell nearly 3% after it said Friday that an entity affiliated with L Catterton launched a $1 billion underwritten secondary offering of the company's ordinary shares.
$AAL$BIRK$FOX$FOXA$TSLA
Wire
Birkenstock Gaining Share Beyond Boston Clog, UBS Says
Birkenstock's (BIRK) direct-to-consumer channel is driving more balanced revenue growth and its closed-toe styles are gaining traction beyond the Boston clog, positioning the brand to take significant share in the premium global casual footwear category, UBS said in a note Thursday.UBS noted the brand's share of closed-toe silhouettes expanded 500 basis points year-over-year, with non-Boston franchises such as Naples and Utti growing 50%, countering concerns that closed-toe growth relies solely on the Boston clog.Sell-through in the US sports and youth channel rose 20%, which UBS said should support back-to-school demand in Q4.UBS maintained its buy rating on the stock with a $76 price target.Price: $39.67, Change: $-1.33, Percent Change: -3.24%
$BIRK
Sectors
Sector Update: Consumer Stocks Mixed in Afternoon Trading
Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.In sector news, retail sales slid 0.6% amid declines in spending on motor vehicles and at gas stations, following a 0.2% increase in June, the Census Bureau reported Friday. The consensus was 0.1% growth, according to a survey compiled by Bloomberg.The University of Michigan's preliminary consumer sentiment index fell to 51.0 in August from 55.2 in July, below expectations for a much smaller decrease to 55.0 in a Bloomberg-compiled survey.In corporate news, Tesla (TSLA) is planning to reveal its new Roadster as soon as this month at an event that will feature a "flying" stunt, The Information reported. A limited edition of the Roadster that uses SpaceX (SPCX) cold gas thrusters will demonstrate its flying capabilities at the event, which is expected to take place at SpaceX's testing site in McGregor, Texas, the report said. Tesla shares were up 0.2%.Birkenstock (BIRK) shares fell 2.5% after it said Friday that an entity affiliated with L Catterton launched a $1 billion underwritten secondary offering of the company's ordinary shares.Tyson Foods (TSN) will end operations at its Joslin, Illinois, beef facility and its Eagle Mountain, Utah, case-ready facility as part of a restructuring of its beef business, the company said late Thursday. The company is also pursuing the sale of its Pasco, Washington, beef facility, it said. Tyson shares rose 3.2%.
$BIRK$TSLA$TSN
Wire
Birkenstock Launches $1 Billion Secondary Offering, Plans Up to $500M Share Redemption
Birkenstock (BIRK) said Friday that an entity affiliated with L Catterton launched a $1 billion underwritten secondary offering of the company's ordinary shares.The selling shareholder has granted the underwriter a 30-day option to purchase additional shares equal to 15% of the shares sold, the company said.Birkenstock authorized the repurchase of up to $500 million of the offered shares from the underwriter, by way of redemption, at the same price paid by the underwriter upon completion of the offering, it added.The company shares were down 3.7% in premarket activity.
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Sectors
Sector Update: Consumer Stocks Advance Late Afternoon
Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.6%.In sector news, Detroit's automakers plan to argue to the Trump administration that some proposals floated as part of an update to the US-Mexico-Canada Agreement could cost them billions of dollars and make them less competitive with foreign rivals, Reuters reported, citing two automakers' estimates. Among the most contentious proposals, is Washington's demand that, in order to qualify for a lower tariff, a vehicle must contain at least 50% US-made content, the report said.In corporate news, Keurig Dr Pepper (KDP) shares gained 4.6% after HSBC upgraded its rating on the company's stock to buy from hold, and raised its price target to $40 from $37.Birkenstock (BIRK) shares jumped 12% after its fiscal Q3 revenue rose year on year and beat analysts' estimates, and it updated its fiscal 2026 revenue growth guidance.Tapestry (TPR) provided a full-year outlook below Wall Street's estimates at the midpoint on Thursday, while the Coach and Kate Spade parent reported stronger-than-expected fiscal Q4 earnings. Tapestry shares dropped 15%.Yeti (YETI) lifted its full-year earnings outlook on Thursday following a surprise year-over-year increase in its fiscal Q2 bottom line, but the outdoor products company flagged weakness in its drinkware category in the US amid market pressure and competition. Its shares fell 10%.
$BIRK$KDP$TPR$YETI
Sectors
Sector Update: Consumer Stocks Rise in Afternoon Trading
Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.In sector news, Detroit's automakers plan to argue to the Trump administration that some proposals floated as part of an update to the US-Mexico-Canada Agreement could cost them billions of dollars and make them less competitive with foreign rivals, Reuters reported, citing two automakers' estimates. Among the most contentious proposals, is Washington's demand that, in order to qualify for a lower tariff, a vehicle must contain at least 50% US-made content, the report said.In corporate news, Birkenstock (BIRK) shares jumped past 14% after its fiscal Q3 revenue rose year on year and beat analysts' estimates, and it updated its fiscal 2026 revenue growth guidance.Tapestry (TPR) provided a full-year outlook below Wall Street's estimates at the midpoint on Thursday, while the Coach and Kate Spade parent reported stronger-than-expected fiscal Q4 earnings. Tapestry shares dropped 14%.Yeti (YETI) lifted its full-year earnings outlook on Thursday following a surprise year-over-year increase in its fiscal Q2 bottom line, but the outdoor products company flagged weakness in its drinkware category in the US amid market pressure and competition. Its shares fell 11%.
$BIRK$TPR$YETI
Sectors
Sector Update: Consumer
Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.In corporate news, Birkenstock (BIRK) shares jumped past 14% after its fiscal Q3 revenue rose year on year and beat analysts' estimates, and it updated its fiscal 2026 revenue growth guidance.
$BIRK
Wire
Update: Birkenstock Shares Rise After Fiscal Q3 Revenue Beats Estimates
(Updates with stock move in the headline and first paragraph.)Birkenstock (BIRK) shares were up past 17% in Thursday trading after its fiscal Q3 revenue rose year on year and beat analysts' estimates, and it updated its fiscal 2026 revenue growth guidance.The company reported fiscal Q3 adjusted earnings Thursday of 0.74 euro ($0.85) per share, up from 0.62 euro a year earlier. Analysts polled by FactSet expected 0.75 euro.Revenue for the quarter ended June 30 was 719.5 million euros, up from 635 million euros a year ago. Analysts expected 715.3 million euros.For fiscal 2026, the company said it continues to expect adjusted EPS of between 1.90 euros and 2.05 euros. Analysts expect 2 euros.Meanwhile, revenue growth for the fiscal year is projected to be 15%, compared with the prior outlook of a 13% to 15% growth, resulting in reported revenue at the high end of 2.3 billion euros to 2.35 billion euros. Analysts are expecting 2.34 billion euros.Price: $43.23, Change: $+6.49, Percent Change: +17.66%
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Commodities
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Producer Inflation Data Release
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Thursday's premarket activity amid softer-than-expected July producer prices.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.1% before the start of regular trading.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated 0.04%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.2% lower.The US Producer Price Index held steady in July following a 0.1% decrease in June, compared with the 0.2% gain expected in a survey compiled by Bloomberg as of 7:30 am ET.US initial jobless claims rose to a level of 209,000 in the week ended Aug. 8 from an upwardly revised 200,000 level in the previous week, compared with expectations for a smaller increase to 202,000 in a survey of analysts compiled by Bloomberg.The weekly natural gas stocks data will be released at 10:30 am ET.Federal Reserve Cleveland President Beth Hammack, Richmond Fed President Thomas Barkin, and Atlanta Fed President Cheryl Venable speak on Thursday.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.7% higher.Birkenstock (BIRK) shares were up more than 11% pre-bell after the company reported higher fiscal Q3 adjusted earnings and revenue.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) was up 0.4% and the iShares US Industrials ETF (IYJ) was inactive.Intuitive Machines (LUNR) stock was down more than 9% before the opening bell after the company reported a wider Q2 loss.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.1%, the iShares US Technology ETF (IYW) was 0.03% higher, and the iShares Expanded Tech Sector ETF (IGM) was down 0.02%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was flat, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.Cisco Systems (CSCO) shares were down more than 6% in premarket activity even after the company reported higher-than-expected fiscal Q4 results and guidance for fiscal Q1 and 2027.EnergyThe iShares US Energy ETF (IYE) was down 0.02% while the State Street Energy Select Sector SPDR ETF (XLE) was 0.3% lower.Golar LNG (GLNG) stock was up nearly 3% before market open after the company posted higher Q2 net income and operating revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.Mitsubishi UFJ Financial Group (MUFG) shares were up 2% in early-hours activity after the company said it is launching a proof-of-concept collaboration to bring Japanese government bond repurchase transactions on-chain through Canton Network.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) gained 0.5%. The iShares Biotechnology ETF (IBB) was 0.6% higher.AbCellera Biologics (ABCL) stock was down more than 1% premarket after the company priced a public offering of shares and pre-funded warrants for expected gross proceeds of about $200 million, the company said Thursday.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.1% to $81.54 per barrel on the New York Mercantile Exchange. Natural gas was 0.8% lower at $2.78 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.8%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for November were down by 0.5% at $4,443.40 an ounce on the Comex. Silver futures retreated 0.8% to $65.19 an ounce. SPDR Gold Shares (GLD) was down by 0.6%, and the iShares Silver Trust (SLV) was 0.6% lower.
Dow JonesNasdaq CompositeS&P 500$ABCL$BETH$BIRK$BITO$CSCO$EEM$EETH$EXI$FAS$FAZ$GLD$GLNG$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LUNR$MUFG$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors
Sector Update: Consumer Stocks Edge Higher Premarket Thursday
Consumer stocks were edging higher premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) marginally advancing and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.Tapestry (TPR) shares were down more than 10% even after the company reported higher fiscal Q4 non-GAAP earnings and net sales.JD.com (JD) stock was down more than 2% after the company posted a decline in Q2 net revenue.Birkenstock (BIRK) stock was up more than 11% after the company reported higher fiscal Q3 adjusted earnings and revenue.
$BIRK$JD$TPR$XLP$XLY
Research
Williams Trading Downgrades Birkenstock to Hold From Buy, Cuts Price Target to $44 From $46
Birkenstock (BIRK) has an average rating of overweight and mean price target of $52.79, according to analysts polled by FactSet.
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Research
Seaport Global Downgrades Birkenstock Holding to Neutral From Buy
Birkenstock Holding (BIRK) has an average rating of overweight and mean price target of $52.44, according to analysts polled by FactSet.
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Research
Raymond James Initiates Birkenstock Holding at Outperform With $52 Price Target
Birkenstock Holding (BIRK) has an average rating of buy and mean price target of $52.35, according to analysts polled by FactSet.
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Wire
Update: Birkenstock Shares Rise After $250 Million ASR Agreement With Goldman Sachs
(Updates with recent stock movement in the headline and the first paragraph.)Birkenstock (BIRK) shares surged more than 20% in afternoon trading on Thursday after the company said it signed a $250 million accelerated share repurchase agreement with Goldman Sachs (GS).The footwear company said it intends to take advantage of a disconnect between its share price and underlying business fundamentals.Birkenstock said it expects to initially receive six million ordinary shares, equal to 80% of the shares covered by the agreement, based on the stock's Wednesday closing price of $33.21.The repurchase program is expected to be completed before June 30, the company said.Price: $39.89, Change: $+6.68, Percent Change: +20.11%
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Sectors
Sector Update: Consumer Stocks Lean Lower Premarket Thursday
Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.1%.Walmart (WMT) stock was down more than 3% even after the company reported higher fiscal Q1 adjusted earnings and revenue.Kroger (KR) Chief Executive Officer Greg Foran is looking to implement substantial price cuts to keep the company competitive, Bloomberg reported, citing an interview with the CEO. Kroger shares were down more than 4% pre-bell.Birkenstock Holding (BIRK) has signed a $250 million accelerated share repurchase agreement with Goldman Sachs (GS), the company said. Birkenstock Holding shares were up more than 8% premarket.
$BIRK$GS$KR$WMT$XLP$XLY
Wire
Piper Sandler Cuts Birkenstock Price Target to $50 From $55, Maintains Overweight Rating
Birkenstock (BIRK) has an average rating of Buy and mean price target of $57.54, according to analysts polled by FactSet.Price: $32.85, Change: $-5.11, Percent Change: -13.45%
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Commodities
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Ahead of US-China Meeting
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Wednesday's premarket activity as markets traded mixed ahead of a meeting between US President Donald Trump and Chinese leader Xi Jinping.US stock futures were also mixed, with S&P 500 Index futures down 0.03%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures gaining 0.3% before the start of regular trading.The US Producer Price Index rose by 1.4% in April following a 0.7% gain in March, well above the 0.5% gain expected in a survey compiled by Bloomberg as of 7:35 am ET.The weekly petroleum stocks data will be released at 10:30 am ET.Mortgage applications rose by 1.7% in the week ended May 8 after a 4.4% fall in the previous week, with the home purchase applications driving the increase despite a small uptick in mortgage rates, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) advanced 0.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.4%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained 0.7% and the iShares US Industrials ETF (IYJ) was down 0.1%.Red Cat (RCAT) stock was down more than 13% before the opening bell after the company said it priced an underwritten public offering of 23.9 million shares at $9.40 apiece.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.4% lower. The iShares US Consumer Staples ETF (IYK) retreated by 0.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.3%.Birkenstock (BIRK) shares were down more than 5% pre-bell after the company reported lower-than-expected fiscal Q2 adjusted earnings and revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) declined by 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.6% higher.Sumitomo Mitsui Financial Group (SMFG) shares were up more than 2% pre-bell after the company reported higher fiscal 2026 earnings and ordinary income.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 1.4%, and the iShares US Technology ETF (IYW) was 1.3% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 1.5%, while the iShares Semiconductor ETF (SOXX) rose by 2%.Nvidia (NVDA) shares were up more than 2% in premarket activity after reports that Nvidia Chief Executive Jensen Huang is set to accompany US President Donald Trump on his visit to Beijing, a last-minute addition that has raised expectations of progress in stalled talks over Nvidia's H200 AI chip sales to China.EnergyThe iShares US Energy ETF (IYE) was down 1%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.3%.Fluence Energy (FLNC) stock was down more than 2% before the opening bell after the company said it has priced an underwritten public offering of a total of 20 million of its Class A common shares on behalf of certain shareholders at $21 apiece.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.5%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.6% lower.Novo Nordisk (NVO) shares were up 0.4% pre-bell. The drugmaker presented new analyses from its phase 3 OASIS 4 trial showing that adults treated with Wegovy pill achieved substantial weight loss and improved physical function. The company also said it is pausing further manufacturing development at its Odense, Denmark, site.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.4% to $101.81 per barrel on the New York Mercantile Exchange. Natural gas was down 0.6% at $2.83 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.4%, while The United States Natural Gas Fund (UNG) was 0.8% higher.Gold futures for May gained by 0.4% to reach $4,705.90 an ounce on the Comex. Silver futures rose by 2.6% to $87.85 an ounce. SPDR Gold Shares (GLD) was 0.7% lower, and the iShares Silver Trust (SLV) fell by 0.7%.
Dow JonesNasdaq CompositeS&P 500$BETH$BIRK$BITO$EEM$EETH$EXI$FAS$FAZ$FLNC$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVDA$NVO$PMR$QQQ$RCAT$RTH$SLV$SMFG$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors
Sector Update: Consumer Stocks Decline Premarket Wednesday
Consumer stocks were declining premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% lower.Alibaba (BABA) shares were down more than 2% after the company reported fiscal Q4 adjusted earnings and revenue that missed analysts' expectations, with adjusted earnings declining year on year.Birkenstock (BIRK) stock was down more than 6% after the company reported fiscal Q2 adjusted earnings and revenue that missed analysts' estimates.Global-e Online (GLBE) shares were up 4.7% after the company posted higher Q1 non-GAAP earnings and revenue, and raised its 2026 revenue outlook.
$BABA$BIRK$GLBE$XLP$XLY
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