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Sectors

Sector Update: Consumer Stocks Edge Higher Premarket Friday

Consumer stocks were edging higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.5%.US Foods (USFD) was awarded a maximum $167 million firm-fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for full-line food and beverage items by the Defense Logistics Agency, the US Department of Defense said. US Foods shares were down 2% pre-bell.Sleep Number (SNBR) said it agreed to combine with Sleep Country Canada under an asset purchase agreement and launched a voluntary Chapter 11 sale process to facilitate the transaction. Sleep Number shares were down 38% premarket.Build-A-Bear Workshop's (BBW) said Chief Operations and Experience Officer Chris Hurt assumed the role of chief executive officer on Thursday as part of a planned succession. Build-A-Bear Workshop stock was down more than 1% pre-bell.

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Sectors

Sector Update: Consumer

Consumer stocks were edging higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.7%.US Foods (USFD) was awarded a maximum $167 million firm-fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for full-line food and beverage items by the Defense Logistics Agency, the US Department of Defense said. US Foods Holding shares were up 2% pre-bell.

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Sectors

Sector Update: Consumer Stocks Decline Pre-Bell Wednesday

Consumer stocks were declining pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.US Foods (USFD) said it increased the overall commitments under its asset-based lending agreement to $2.5 billion from $2.3 billion. Shares of US Foods were down 1.9% premarket.Ollie's Bargain Outlet (OLLI) stock was down more than 4% after the company reported higher fiscal Q1 net sales that missed analysts' expectations.Macy's (M) shares were up nearly 1% after the company posted higher fiscal Q1 adjusted earnings and revenue, and lifted its fiscal 2026 guidance.

$M$OLLI$USFD$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were declining pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.4%.US Foods (USFD) increased the overall commitments under its asset-based lending agreement to $2.5 billion from $2.3 billion, the company said. Shares of US Foods Holding were down 2% in recent premarket activity.

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Research

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Us Foods Holding Corp.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target to by $11 to $109, based on 21x our 2027 EPS (unchanged), a premium to shares' 19x ten-year average forward multiple, justified by an improved operating margin profile. We lower our 2026 EPS to $4.55 from $4.78 and 2027's to $5.17 from $5.71, reflecting pressure on distribution costs (+3.9% in Q1) from fuel expenses and ongoing softness in chain restaurant case volumes (-2.3% in Q1). Following Q1 results, we reiterate our Buy opinion. Softer case volumes (+1.4%), below the 1.8% consensus estimate, were primarily fueled by 1.1% organic case growth, a sign that demand remains intact. The company highlighted momentum accelerated heading into Q2. Additionally, independent restaurant volumes (+4.6%) accelerated for the fourth consecutive quarter, highlighting traction with higher-margin customers. Technologies like Menu IQ, along with the expansion of small-truck deliveries, represent inroads to the independent restaurant industry and support our view of expanding EBITDA margins in 2026 and 2027.

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US Markets

Stocks Rise Pre-Bell as Traders Monitor Developments on Potential US-Iran Peace Deal

US equity markets were moving higher before the opening bell Thursday as investors monitor the latest developments over a potential peace deal between the US and Iran.The S&P 500 and the Dow Jones Industrial Average were up 0.1% each, while the Nasdaq was slightly in the green in premarket activity. The indexes finished Wednesday trading higher, with the S&P 500 and the Nasdaq recording their highest close ever and biggest one-day percentage gains since April 8.President Donald Trump told reporters on Wednesday that the US has had "very good talks" with Iran over the past 24 hours, but said there's no deadline on when he expects Tehran to respond to a US proposal to end the war, according to CNN.American and Iranian officials are closing in on a one-page memorandum of understanding to end the war and establish a framework for nuclear negotiations, Axios reported Wednesday, citing sources.In a separate social media post on Wednesday, Trump said US operations against Iran will be "at an end" if Tehran agrees to US demands. "If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," Trump said.Iran is expected to give mediators its response to the proposal on Thursday, a regional source told CNN.West Texas Intermediate crude oil dropped 2.2% to $93.03 a barrel before the open, while Brent decreased 2.1% to $99.14."A deal announcement would move futures further immediately, in fact even the potential of a deal is already triggering a decline in oil prices," Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu said in remarks emailed to. The physical market's recovery won't be as quick as the futures market predicts, Rodriguez-Masiu said, pointing to a six-to-eight-week lag between the strait reopening and oil flows normalizing.Treasury yields were down in premarket action, with the two-year rate retreating 2.3 basis points to 3.85% and the 10-year rate off 2 basis points to 4.33%.Shares of DoorDash (DASH) jumped 10% pre-bell after the food delivery company reported first-quarter earnings ahead of Wall Street's estimates. Warner Bros. Discovery (WBD) nudged 0.5% lower, while Snap (SNAP) fell 10% following their latest quarterly results.McDonald's (MCD), Sempra (SRE), Vistra (VST), Datadog (DDOG), Becton Dickinson (BDX), Tapestry (TPR) and US Foods (USFD) report their latest financial results before the bell, among others. Gilead Sciences (GILD), McKesson (MCK), Cloudflare (NET), Airbnb (ABNB), Monster Beverage (MNST) and CoreWeave (CRWV) are scheduled to announce their earnings after the markets close.Employers in the US announced 83,387 layoffs last month, up 38% from March, Challenger, Gray & Christmas said Thursday.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am.On Wednesday, ADP data showed that employment in the US private sector grew at its fastest pace in more than a year in April. The government's nonfarm payrolls report is out on Friday.Federal Reserve Bank of Minneapolis President Neel Kashkari is slated to speak at 1 pm, while Cleveland Fed President Beth Hammack speaks at 2:05 pm. New York Fed President John Williams' remarks are due at 3:30 pm.Gold increased 1% to $4,740 per troy ounce, while bitcoin declined 0.7% to $80,844.

Dow JonesNasdaq CompositeS&P 500$ABNB$BDX$CRWV$DASH$DDOG$GILD$MCD$MCK$MNST$NET$SNAP$SRE$TPR$USFD$VST$WBD
Wire

US Foods Fiscal Q1 Adjusted Earnings, Net Sales Rise

US Foods (USFD) reported fiscal Q1 adjusted earnings Thursday of $0.78 per diluted share, up from $0.68 a year earlier.Analysts polled by FactSet expected $0.81.Net sales for the quarter ended March 28 were $9.61 billion, up from $9.35 billion a year earlier.Analysts surveyed by FactSet expected $9.66 billion.US Foods said it continues to expect fiscal 2026 adjusted diluted EPS to grow in the range of 18% to 24%. Analysts polled by FactSet expect $4.78.Net sales for the fiscal year are expected to grow in the range of 4% to 6%, unchanged from its prior range. Analysts surveyed by FactSet expect $41.57 billion.Shares of the company were down over 5% in Thursday premarket activity.Price: $87.00, Change: $-5.05, Percent Change: -5.49%

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