Guidance

La-Z-Boy (LZB) Stock Surges Over 17% After Hours: Why Is It Moving?

Mohd Haider — Wed, 17 Jun 2026 03:28:10 +0000

La-Z-Boy Inc. (NYSE:LZB) shares jumped 17.66% to $41.25 in after-hours trading Tuesday after the furniture maker reported fiscal fourth quarter results where earnings per share and revenue both topped analyst estimates.

The data was reported for the period ended Apr. 25.

EPS Blows Past Estimates

EPS for the quarter for La-Z-Boy in the fourth quarter came in at $1.26, crushing the analyst estimate of $0.82 by 53.7%. The company posted a revenue of $570.34 million, surpassing the estimate of $569.23 million by 0.20%.

La-Z-Boy reported a GAAP operating margin of 7.2% and an adjusted operating margin of 9.9%, up 50 basis points versus the prior year.

Retail Network Hits All-Time High

According to the company, its retail segment written sales rose 11% versus a year ago. Company-owned locations reached an all-time high of 230 across North America, representing 61% of the ...

Full story available on Benzinga.com

With Warsh At The Fed's Helm, Gold Finds Refuge In Asia

Stjepan Kalinic — Tue, 16 Jun 2026 14:02:40 +0000

Gold prices could get worse before getting better. That is the latest take from UBS Group, which highlighted short-term weakness in its note.

“Gold has faced renewed pressure as resilient labor market data and higher real yields prompted markets to shift expectations toward a possible rate hike this year,” the Swiss bank’s strategists Dominic Schnider, Giovanni Staunovo, and Wayne Gordon noted.

UBS describes the situation as a “double whammy.” A run of stronger-than-expected U.S. economic data, particularly resilient labor market figures, has altered expectations around monetary policy.

Warsh Takes the Helm

Investors are increasingly bracing for tighter conditions under Federal Reserve Chair Kevin Warsh, who holds his first meeting as Chairman this week. According to the FedWatch tool, the federal funds rate is almost guaranteed to remain between 350 and 375 bps. However, the odds of a 25 bps hike in July and September stand at 6.3% and 27.8%, respectively.

For a non-yielding asset like gold, higher rates are a problem. Rising real yields increase the opportunity cost of holding bullion, while a stronger ...

Full story available on Benzinga.com

Stock Market Today: S&P 500, Nasdaq Futures Fall, Dow Gains Amid US-Iran Deal— SpaceX, Dave And Buster's, Western Digital In Focus (UPDATED)

Rishabh Mishra — Tue, 16 Jun 2026 12:49:52 +0000

(Editor’s note: The lede, headline, futures and economic data were updated.)

U.S. stock futures were mixed on Tuesday, as the Dow Jones rose, while the Nasdaq 100 and S&P 500 declined, following Monday’s rally.

The Labor Department reported that U.S. import prices advanced 1.9% in May, driven by surging fuel costs.

Fresh housing data painted a cooling picture of the domestic economy; May building permits ticked down 0.7% to a seasonally adjusted annual rate of 1,413,000, while housing starts plummeted 15.4% to a rate of 1,177,000, underscoring persistent headwinds in residential construction.

On Monday, President Donald Trump announced a preliminary U.S.-Iran agreement aimed at ending months of conflict, though its final terms and long-term viability remain unresolved. The deal extends April’s fragile ceasefire and is expected to reopen the Strait of Hormuz, a critical global oil shipping route.

However, both nations stressed that a permanent peace accord has not yet been negotiated. Iranian President Masoud Pezeshkian called the memorandum an "important step" but noted a lasting truce "has yet to take shape."

Meanwhile, the 10-year Treasury bond yielded 4.45%, and the two-year bond was at 4.04%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Index	Performance (+/-)
Dow Jones	0.17%
S&P 500	-0.01%
Nasdaq 100	-0.01%
Russell 2000	0.21%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Tuesday. The SPY was down 0.066% at $754.33, while the QQQ declined by 0.11% to $743.18.

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Stocks In Focus

SpaceX

Space Exploration Technologies Corp. (NASDAQ:SPCX) jumped 8.42% in premarket on Tuesday ahead of its third trading day. Its market capitalization was nearing $3 trillion, surpassing the valuation of Amazon.com Inc. (NASDAQ:AMZN).

Dave And Buster's Entertainment

Dave and Buster's Entertainment Inc.

Full story available on Benzinga.com

Stock Market Today: S&P 500, Dow, Nasdaq Futures Jump As Trump Announces Deal With Iran—SpaceX, TSMC, Micron, Red Cat In Focus (UPDATED)

Rishabh Mishra — Mon, 15 Jun 2026 12:45:15 +0000

Editor’s Note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.

U.S. stock futures advanced on Monday, as the Nasdaq 100, S&P 500, and the Dow Jones indices rose, following Friday’s higher close.

This follows an announcement of a peace agreement with Iran by President Donald Trump, which led to a decline in crude oil futures. He said that the deal was “now complete,” adding, “I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade.”

In this truncated trading week with markets closed on Friday, investors will eye the Federal Reserve’s decision on interest rates with the new chairman, Kevin Warsh, on Wednesday.

Meanwhile, the 10-year Treasury bond yielded 4.44%, and the two-year bond was at 4.03%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Index	Performance (+/-)
Dow Jones	0.89%
S&P 500	1.25%
Nasdaq 100	2.11%
Russell 2000	1.64%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday. The SPY was up 1.29% at $751.35, while the QQQ advanced by 2.13% to $736.71.

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Stocks In Focus

Space Exploration Technologies Corp

Space Exploration Technologies Corp. (NASDAQ:SPCX) was 5.90% higher in premarket on Monday following its debut on Friday. The listing propelled CEO Elon Musk‘s wealth, making him the world’s first trillionaire.

Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) rose 3.77% as it reported a 1.5% increase in the month-on-month consolidated net revenue for May 2026, and 30.1% year-over-year gain as compared to May 2025.

Benzinga’s Edge Stock Rankings indicate that TSM maintains a strong price trend in the long, medium, and short terms, with a solid quality score.

Full story available on Benzinga.com

Can SpaceX Help Save Earth From The Critical Mineral Crunch?

Stjepan Kalinic — Mon, 15 Jun 2026 11:06:21 +0000

The global race for critical minerals has entered a new phase. Between the energy transition, electric vehicle adoption, the AI capex race, and advanced manufacturing, the demand for metals is growing and becoming a matter of national security.

The latest 2026 UN Trade and Development (UNCTAD) report argues that critical mineral markets are undergoing a structural reconfiguration.

Governments are increasingly deploying export taxes, licensing requirements, and outright bans not merely to protect supplies but to capture more value domestically through processing and manufacturing.

Since 2020, nearly 100 export-related measures affecting critical energy transition minerals have been introduced by producer nations seeking to move beyond their traditional role as raw material exporters.

“Trade policy is increasingly being used to secure access to and participate in critical energy transition mineral supply chains,” the report notes.

At the same time, the mining sector is struggling. Easily accessible deposits are maturing, ore grades are declining, and development timelines are lengthening. The result is a supply-curve pressure at the worst possible moment – when demand is set to explode.

Lithium in the Center

According to UNCTAD calculations based on International Energy Agency data, lithium is ...

Full story available on Benzinga.com

RH Could Rewrite Its Investment Narrative Over The Next Year, Analyst Says

Lekha Gupta — Fri, 12 Jun 2026 17:48:43 +0000

RH (NYSE:RH) stock fell more than 6% on Friday after the luxury home furnishings retailer issued weaker-than-expected second-quarter revenue guidance, overshadowing first-quarter results that topped Wall Street estimates and a higher full-year sales outlook.

Earnings Top Expectations

RH reported a first-quarter loss of $1.97 per share, beating analysts’ estimates for a loss of $2.11 per share. Revenue rose to $800.3 million, ahead of the consensus estimate of $792.8 million.

RH projected second-quarter revenue of $903.6 million to $921.6 million, below the Wall Street consensus estimate of $937.8 million.

Despite the softer quarterly outlook, RH raised its fiscal 2026 revenue guidance. The company now expects full-year sales of $3.594 billion to ...

Full story available on Benzinga.com

Why Is Adobe Stock Sinking Friday?

Akanksha Bakshi — Fri, 12 Jun 2026 12:45:42 +0000

Adobe Inc. (NASDAQ:ADBE) stock is under heavy pressure in Friday’s premarket, down 7.84%, after the company unveiled a strategic shift that could weigh on near-term growth metrics, despite posting stronger-than-expected fiscal second-quarter results. The stock had already declined 6.25% in Thursday’s regular trading session.

Strategy Shift Overshadows Earnings Beat

The broader market remains supportive, with Nasdaq futures rising 0.22% and S&P 500 futures gaining 0.44%. However, Adobe shares are moving sharply lower as investors digest management’s decision to prioritize long-term AI user growth over near-term monetization.

Despite reporting better-than-expected revenue and earnings and raising its full-year outlook, Adobe said it will expand freemium experiences across products, including Firefly, Express, and Acrobat, while deferring previously planned Creative Cloud pricing and packaging changes.

The company warned that the strategy will pressure second-half annual recurring revenue growth as it focuses on customer acquisition and engagement rather than immediate monetization.

Management said the move is intended to accelerate monthly active user growth and expand Adobe’s ...

Full story available on Benzinga.com

Stock Market Today: S&P 500, Nasdaq, Dow Jones Futures Gain Ahead Of SpaceX's Debut—Adobe, Lennar, CoreWeave In Focus (UPDATED)

Rishabh Mishra — Fri, 12 Jun 2026 12:39:22 +0000

(Editor’s note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.)

U.S. stock futures rose on Friday, as the Nasdaq 100, S&P 500, and the Dow Jones indices advanced, following Thursday’s higher close.

Investors are eyeing SpaceX‘s debut under the ticker SPCX at $135 per share, with options trading set to begin on Monday. The first few minutes are expected to be chaotic as market makers establish price discovery.

Amid pushback against President Donald Trump‘s assertions regarding an approved peace agreement, Iranian Parliament Speaker Mohammad Bagher Ghalibaf cautioned that "wrong strategies and impulsive decisions" could ignite a more expansive crisis. He warned that such actions risk devastating energy infrastructure, roiling global markets, and creating an "endless quagmire" that would last for years.

Meanwhile, the 10-year Treasury bond yielded 4.44%, and the two-year bond was at 4.05%. The CME Group's FedWatch tool‘s projections show markets pricing a 96.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

Index	Performance (+/-)
Dow Jones	0.55%
S&P 500	0.30%
Nasdaq 100	0.12%
Russell 2000	0.50%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Friday. The SPY was up 0.44% at $741.04, while the QQQ advanced by 0.24% to $718.82.

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Stocks In Focus

Adobe

Adobe Inc. (NASDAQ:ADBE) declined 4.91% despite posting upbeat financial results for the second quarter and raising its guidance for the full year. It also announced that CFO and Executive VP Dan Durn will depart the company on June 15. Steve Day, Senior VP of Corporate Finance and CFO of Adobe’s Customer Experience Orchestration business unit, will serve as interim CFO.

Full story available on Benzinga.com

Friedman Industries (FRD) Stock Surges Over 21% After Hours: Why Is It Moving?

Mohd Haider — Fri, 12 Jun 2026 05:46:03 +0000

Friedman Industries, Incorporated (NASDAQ:FRD) shares surged 21.30% to $32 in after-hours trading on Thursday following a sharp increase in earnings per share in fourth-quarter results announced by the Texas-based steel processor.

The results, covering the quarter and fiscal year ended Mar. 31, were announced after the market closed on Thursday.

Q4 Numbers In Focus

Friedman reported fourth-quarter net earnings of $9.2 million, or $1.30 diluted EPS, on sales of $191.8 million, up from $5.3 million, or $0.76 EPS, on $129.2 million a year prior.

EBITDA expanded to $15.2 million from $8.5 million, while sales volume hit a company-record 189,000 tons, up 14% year-over-year.

FY26 Results

For full-year fiscal 2026, FRD earned $19.5 million, or $2.76 diluted EPS, on $646.9 million in sales, with EBITDA climbing to $34.3 million from $13.9 million on record annual volume of 706,000 tons.

Management ...

Full story available on Benzinga.com

Adobe Delivers Double Beat In Q2, CFO Steps Down, Shares Stumble

Adam Eckert — Thu, 11 Jun 2026 20:27:08 +0000

Adobe Inc (NASDAQ:ADBE) posted financial results for the second quarter after the closing bell on Thursday. Here’s a rundown of the report.

Adobe stock is testing lower boundaries. Why is ADBE stock at lows?

Adobe Q2 Earnings Highlights

Adobe reported second-quarter revenue of $6.62 billion, beating analyst estimates of $6.46 billion, according to Benzinga Pro. The software company reported adjusted earnings of $5.96 per share, beating estimates of $5.82 per share.

Total revenue was up 13% year-over-year as total customer group subscription revenue increased 14% year-over-year to $6.39 billion. Adobe reported $27.10 billion in total annualized recurring revenue (ARR) and said AI-first ARR tripled on a year-over-year basis, exceeding $500 million.

Adobe had $22.27 billion of remaining performance obligations at quarter's end. The company exited the period with $4.92 billion in cash and cash ...

Full story available on Benzinga.com

Lovesac Warns Budget-Conscious Shoppers Are Pulling Back

Akanksha Bakshi — Thu, 11 Jun 2026 16:56:21 +0000

The Lovesac Company (NASDAQ:LOVE) reported first-quarter fiscal 2027 results that topped analyst expectations, but stock fell after the furniture retailer narrowed its full-year sales and earnings outlook amid ongoing pressure on lower-priced purchases.

First-Quarter Results

The furniture retailer posted a GAAP net loss of $11.1 million, or 76 cents per share, compared with a loss of $10.8 million, or 73 cents per share, in the year-ago period. The result was better than analysts’ estimate for a loss of $1.00 per share.

Net sales slipped 0.1% year over year to $138.2 million, ahead of the consensus estimate of $137.4 million.

Showroom sales increased 0.6% to $97.1 million, while internet sales rose 7.1% to $35.7 million. Other sales fell 36.3% to $5.5 million, largely due to the closure of Best Buy shop-in-shop locations. Omni-channel comparable net sales declined 1.0%.

Gross margin contracted 160 basis points to 52.1%, reflecting higher inbound transportation, tariff, outbound transportation and warehousing costs. Price increases and cost-reduction initiatives partially offset those headwinds.

Demand Trends And Financial Position

Management said transactions above $6,000 increased at a mid-double-digit rate during the quarter, ...

Full story available on Benzinga.com

Honeywell Lays Out Automation Growth Roadmap

Akanksha Bakshi — Thu, 11 Jun 2026 16:16:54 +0000

Honeywell International, Inc. (NASDAQ:HON) outlined new financial targets and portfolio actions at its Investor Day, ahead of the planned June 29 spin-off of Honeywell Aerospace.

Honeywell Sets Three-Year Financial Targets

Honeywell outlined a three-year financial framework targeting 4% to 6% organic growth, more than 10% annual adjusted EPS growth, and more than 90% free cash flow conversion.

The company expects segment margins of approximately 24%, adjusted EPS of about $6.00, and free cash flow of more than $3 billion by 2029.

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For full-year 2026, Honeywell guided adjusted EPS of $3.95 to $4.15 and free cash flow of approximately $2 billion.

Automation Business And Software Growth

Honeywell positioned itself as a pure-play global automation business following its planned Aerospace separation.

The ...

Full story available on Benzinga.com

Jim Cramer Shrugs Off Investor Panic Over Oracle's $40 Billion AI Funding Plan, Says That's Not 'Outrageous' When You See Its Massive Backlog

Rishabh Mishra — Thu, 11 Jun 2026 12:43:19 +0000

Oracle Corp.'s (NYSE:ORCL) stock slid over 8% in premarket trading Thursday as investors panicked over a plan to raise $40 billion to fund AI infrastructure, but CNBC’s Jim Cramer is defending the software giant, arguing the financing isn’t "outrageous" given the company’s $638 billion backlog.

Backlog Vs. Funding Fears

The sharp selloff—following a 10% tumble in after-hours trading—highlights a growing rift on Wall Street regarding the massive cash burn required to scale artificial intelligence clusters.

While the tech giant reported a blockbuster remaining performance obligation (RPO) of $638 billion, a figure highlighted by Futurum Equities’ Shay Boloor as “absolutely wild,” the simultaneous $40 billion debt and equity financing announcement spooked the market.

Cramer pushed back against the bearish sentiment on social media, emphasizing that high-performance AI data centers are incredibly capital-intensive by nature.

Watch Oracle. It was a gigantic number when it came to backlog. Huge. So spending has to go up. (not a traditional levered-so-backlog spend as these are so hard to build.) BUT they can lay off what they need to lay off and the funding needs aren't outrageous. It doesn't have to…

— Jim Cramer (@jimcramer) June 11, 2026