The Nasdaq Composite Index, S&P 500 and Dow industrials all sank Wednesday as tariff turmoil once again rattled the market and the "Magnificent Seven" stocks all fell. The tech-heavy$Nasdaq Composite Index (.IXIC.US)$shed 372.84 points (2%) to 17,899.01, while the$S&P 500 Index (.SPX.US)$dropped 64.45 ticks (1.1%) to 5,712.20. The$Dow Jones Industrial Average (.DJI.US)$had a better session, but still gave bac...
Market Re-Cap: What Happened Last Week (For 17th Mar week) US Market US equity markets staged their first rebound in four weeks, with the$E-mini S&P 500 Futures(JUN5) (ESmain.US)$and$E-mini NASDAQ 100 Futures(JUN5) (NQmain.US)$gaining 1.63% and 1.49% respectively. While the Fed held kept interest rates unchanged at 4.25%–4.50%, policymakers remained inclined toward rate cuts, expecting the probability of 2 rate cuts by year-end. This is due to a...
$Worthington Enterprises (WOR.US)$sank nearly 10% after hours Tuesday after the diversified manufacturer – whose products range from Coleman fuel to Garden Weasel gardening tools – missed analyst estimates for its fiscal Q4 sales and earnings. WOR fell 9.3% to $45.50 shortly before 5:30 p.m. ET after reporting $318.8 million in sales for the three months ended May 31, reportedly missing analysts' $359.4 million...
Worthington Enterprises' low P/E ratio is due to predicted declining earnings. Shareholders are accepting this, acknowledging future earnings may not be positive. If profitability doesn't improve, the P/E could fall further.
Despite the increased capital invested into the business, ROCE has not seen an increase. Unless these underlying trends transition into a positive direction, optimism for prospective multi-bagger status should be capped.
Investor concerns may rise due to lack of insider buying and significant insider selling over the past year. Insiders owning a large share could imply potential stock price movements.
Gainers: •$Okta (OKTA.US)$+15.8% (In reaction to earnings) •$StoneCo (STNE.US)$+12.9% (In reaction to earnings) •$Turning Point Therapeutics (TPTX.US)$+116.8% (Bristol Myers Squibb (BMY) will acquire Turning Point Therapeutics for $76,00 per share; expected to be accretive to Non-GAAP earnings per share beginningin2025) •$Amylyx Pharmaceuticals (AMLX.US)$+24.9% (receives PDUFA date extension for AMX0035; scheduled for September ...
Worthington Enterprises Stock Forum
The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ shed 372.84 points (2%) to 17,899.01, while the $S&P 500 Index (.SPX.US)$ dropped 64.45 ticks (1.1%) to 5,712.20. The $Dow Jones Industrial Average (.DJI.US)$ had a better session, but still gave bac...
US Market
US equity markets staged their first rebound in four weeks, with the $E-mini S&P 500 Futures(JUN5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(JUN5) (NQmain.US)$ gaining 1.63% and 1.49% respectively. While the Fed held kept interest rates unchanged at 4.25%–4.50%, policymakers remained inclined toward rate cuts, expecting the probability of 2 rate cuts by year-end. This is due to a...
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WOR fell 9.3% to $45.50 shortly before 5:30 p.m. ET after reporting $318.8 million in sales for the three months ended May 31, reportedly missing analysts' $359.4 million...
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• $Okta (OKTA.US)$ +15.8% (In reaction to earnings)
• $StoneCo (STNE.US)$ +12.9% (In reaction to earnings)
• $Turning Point Therapeutics (TPTX.US)$ +116.8% (Bristol Myers Squibb (BMY) will acquire Turning Point Therapeutics for $76,00 per share; expected to be accretive to Non-GAAP earnings per share beginningin2025)
• $Amylyx Pharmaceuticals (AMLX.US)$ +24.9% (receives PDUFA date extension for AMX0035; scheduled for September ...
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