BJ's Wholesale Club stock dropped 8% after Q1 earnings showed weak core merchandise comparable sales, which disappointed investors despite a strong total comparable sales increase driven by gasoline. The company maintains its full-year 2024 guidance with adjusted EPS expected between $4.40 and $4.60, supported by easier comparisons ahead and likely non-recurring weather disruptions in Q1. The stock valuation has compressed to 19.3 times forward earnings, with a price target of $101, but the lack of improvement in core merchandise sales tempers confidence. The analyst remains neutral, waiting for sustained growth in core merchandise comps before making a stronger recommendation.
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
