Chief Financial Officer Richard Galanti said on an earnings call that sales of more expensive items — besides for food — were weaker in the U.S. and that declining gas prices impacted revenue. Costco Wholesale shares slumped 1.5% before the bell even after the retailer topped fiscal fourth-quarter earnings expectations on the top and bottom lines. Energy stocks are holding on to their gains on Wednesday even as the broader market struggles. “We believe ELF can drive +47%/+20% org. growth in FY24 and FY25 driven by innovation-led share gains across the mass beauty industry,” Grom wrote in a note. “We believe this greater flow through will allow ELF to maintain it’s current premium valuation, thereby rewarding shareholders with stronger earnings growth.” If the shutdown is resolved quickly, defense stocks could outperform tine broader market in the weeks following the resolution, as happened in 2013.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

• A member said that there is a “still a significantly long way to go before revising the negative interest rate policy, and the framework of yield curve control needed to be maintained.”
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• Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
• 610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com.
• Occidental Petroleum and Halliburton shares each rose by more than 3%.

UBS analyst Peter Grom initiated coverage of e.l.f. Beauty on Wednesday with a buy rating and price target of $138. That makes the group a force to be reckoned with if their habits change suddenly. That’s why we’ve seen so many Wall Street analysts exploring the fallout from new weight loss medications like Wegovy and Ozempic on industries from real estate to medical devices to food and beverage. Many of these exercises have been theoretical and have come with warnings that it might take a while for the trends to play out.

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Micron shares up ahead of company’s fiscal Q4 earnings release

Analysts had estimated per-share earnings of $4.79 on $77.09 billion in revenue, according to LSEG. Meanwhile, e-commerce sales slipped 0.8% compared to the same period in the previous year. 15 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Northrop Grumman in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock.

Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. According to 13 analysts, the average rating for NOC stock is “Buy.” The 12-month stock price forecast is $487.38, which is an increase of 10.72% from the latest price. Energy stocks got a boost from the move higher, with the S&P 500 sector last advancing by 1.8% in midday trading. Occidental Petroleum and Halliburton shares each rose by more than 3%.

Northrop Grumman now sees 2023 sales $38.0 bln to $38.4 bln; factSet consensus $37.8 bln

The price of oil was also moving higher, with futures for U.S. benchmark West Texas Intermediate crude hovering just under $93 per barrel. “Of the three, we think bonds are the closest to a reversal, but things are likely to remain messy into quarter-end,” BTIG’s Jonathan Krinsky said in a Wednesday note. Chevron, Intel and Caterpillar were among those in the 30-stock index bucking the trend, with all three up more than 1%. The Dow took the biggest leg down in Wednesday’s session of the three major indexes, weighed on by slides in Johnson & Johnson and Walgreens. Medical devices company Resmed has risen the most since the start of the week, up 7.5% as of Wednesday afternoon. Three energy companies comprise the S&P 500’s top four gainers week to date.

Northrop Grumman’s NG-19 Launch Marks 10 Years of International Space Station Cargo Resupply Missions

Here are some of the stocks making the biggest moves in extended trading. China’s National Bureau of Statistics said the profits of industrial enterprises climbed 17.2% year on year in August, which is the first monthly growth since the second half of 2022. The pan-European Stoxx 600 index was down 0.1% in early trade, with sectors spread across marginally negative and positive territory. Utilities stocks dropped 0.6% to lead minor losses, while tech and oil and gas stocks each saw a 0.2% uptick. Problems in the housing market are starting to put pressure on stocks, Wolfe Research’s Chris Senyek wrote.

Northrop Grumman CEO Kathy Warden joins ‘Closing Bell Overtime’ to talk global security, growth in space tech, the nuclear triad and much more. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.

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High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, forex pattern trading opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

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“Companies with strong fundamentals that were overly beaten down represent good opportunities going forward,” he added. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of NOC stock can currently be purchased for approximately $440.19. 610 employees have rated Northrop Grumman Chief Executive Officer Kathy Warden on Glassdoor.com. Kathy Warden has an approval rating of 85% among the company’s employees.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.