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Übersicht über die Unternehmen, die nach dem Klingeln in der Schlagzeile stehen : Broadcom — Aktien fielen um 5% nachdem der Halbleiterhersteller im zweiten Quartal einen Umsatz von 22,19 Milliarden US-Dollar meldete, was unter den 22,27 Milliarden US-Dollar lag, die Analysten von LSEG erwartet hatten. Dies war Broadcoms erste Umsatzausfall seit Dezember 2024. Der Umsatz des Unternehmens aus Infrastruktur belief sich auf 7,18 Milliarden US-Dollar und fiel damit unter dem Schätzwert von 7,32 Milliarden US-Dollar von StreetAccount. Five Below — Der Discounter fiel um fast 9%, obwohl das Unternehmen eine bessere als erwartete Prognose abgab. Die zweite Quartals-Umsätze werden zwischen 1,18 und 1,2 Milliarden US-Dollar liegen, gegenüber dem Schätzwert von 1,15 Milliarden US-Dollar von StreetAccount. Die gleichen Verkaufszahlen für die Periode sollten um 7% bis 9% steigen, gegenüber einem Konsens von 4,4%. Petco — Aktien des Tierfutter-Händlers fielen mehr als 4% nachdem Petcos aktuelle Quartalsprognose unter den Erwartungen der Wall Street lag. Petco sieht eine Umsatzsteigerung um 0,3% und einen bereinigten EBITDA zwischen 110 Millionen US-Dollar und 112 Millionen US-Dollar. Der Konsens suchte eine Umsatzsteigerung von 0,7% und einen EBITDA von 115 Millionen US-Dollar. CrowdStrike — Die Cybersecurity-Aktie fiel um 9% aufgrund der schwachen zweiten Quartalsprognose. CrowdStrike sieht Q2-Umsätze um 1,44 Milliarden US-Dollar, nur leicht über dem Schätzwert von 1,3 Milliarden US-Dollar von StreetAccount. Es erwartet auch Earnings per Share von 1,16 bis 1,17 Dollar pro Aktie. Analysten erwarteten eine Prognose um 1,16 Dollar pro Aktie. Die Aktien von Palo Alto Networks und Fortinet fielen ebenfalls in Sympathie. PVH — Der Tommy-Hilfiger- und Calvin-Klein-Erzeuger fiel mehr als 20% nachdem es seine vollständige Jahresgewinnprognose wiederholte. Das Unternehmen veröffentlichte auch einen Q1-Gewinnrekord, aber der Umsatz lag etwa im Einklang mit den Erwartungen. C3.ai – Die künstliche Intelligenz-Anwendungssoftwarefirma stieg um mehr als 4%. C3.ai's vierter Quartal bereinigter Verlust kam bei 33 Cent pro Aktie auf einem Umsatz von 52 Millionen US-Dollar. Analysten, die von LSEG befragt wurden, suchten einen Verlust von 37 Cent pro Aktie und einen Umsatz von 50 Millionen US-Dollar.

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Die S&P-500-Index ist um -0,40%, der Dow Jones Industrial Average um -0,74% und der Nasdaq-100-Index um -0,08% gefallen. Die US-Iran-Konflikte haben zu einer Erhöhung des WTI-Crude-Oil-Preises um mehr als +1% geführt. Der Markt wird auch von Schwäche in Software-, Cybersecurity- und privaten Kreditaktien beeinflusst.

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Die Arbeitsmarktentwicklung in den USA hat sich verbessert. Die Jobofferten haben einen neuen Höchststand erreicht, der vor dem zweiten Trump-Regime liegt. Der JOLTS-Bericht für April zeigt 7,6 Millionen offene Stellen, was höher ist als die erwarteten 6,88 Millionen und das Vormonat. Die Jobquits sanken auf 3 Millionen im Monat. Der größte Wechsel zwischen März und April war in den Berufs- und Dienstleistungssektoren, der von -318.000 auf +668.000 ging. Das ADP-Mitteilung für Mai zeigt +122.000 neue private Beschäftigungen außerhalb des öffentlichen Sektors, was der stärkste Monat seit Januar 2025 ist.

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Die Arbeitsmarkt in den USA hat sich verbessert. Die Job-Offerten haben einen neuen Höchststand erreicht, der vor der zweiten Trump-Administration liegt. Der Job Openings and Labor Turnover Survey (JOLTS) für April lag bei 7,6 Millionen offenen Stellen, was höher ist als erwartet und der Vorjahreszeit. Die Job-Quits sanken auf 3 Millionen im Monat. Das größte Plus zwischen März und April war in den Berufs-/Geschäftsdienstleistungen, die von -318K auf +668K stiegen. Der ADP-Monatsbericht für Mai zeigte +122K neue private-Sektoren-Stellen, was der stärkste Monat seit Januar 2025 ist.

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Die Zacks Research Daily präsentiert die besten Forschungsergebnisse unseres Analystenteams. Heute werden neue Forschungsberichte zu 16 wichtigen Aktien vorgestellt, darunter RTX Corp., Wells Fargo & Co. und Amgen Inc.

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Investoren, die sich für Textil- und Bekleidungsaktien interessieren, haben wahrscheinlich sowohl PVH als auch LVMH-Moet Hennessy Louis Vuitton SA (LVMUY) kennengelernt. Aber welche dieser beiden Aktien ist derzeit attraktiver für Wertanleger? Wir müssen uns genauer ansehen, um es herauszufinden.

Wertanleger haben ihre eigenen Methoden, um großartige Wertmöglichkeiten zu finden, aber unser Modell umfasst das Paaren eines beeindruckenden Grades in der Werte-Kategorie unserer Style-Scores-Systematik mit einer starken Zacks-Rangliste. Die bewährte Zacks-Rangliste betont Unternehmen mit positiven Revisionstrends für Earnings-Schätzungen, und unsere Style-Scores hervorheben Aktien mit bestimmten Merkmalen.

PVH hat einen Zacks-Rang von #1 (Strong Buy), während LVMH-Moet Hennessy Louis Vuitton SA derzeit einen Zacks-Rang von #3 (Hold) hat. Dies bedeutet, dass die Earnings-Schätzungsrevisionstätigkeit von PVH beeindruckender war, sodass Investoren sich mit seinem verbesserten Analysten-Outlook wohlfühlen können. Aber dies ist nur ein Teil des Bildes für Wertanleger.

Wertanleger sind auch an einer Reihe bewährter Bewertungsmetriken interessiert, die zeigen, wann ein Unternehmen unterbewertet ist bei seinen aktuellen Aktienkursen.

Die Werte-Grade der Style-Score-Faktoren berücksichtigt eine Vielzahl von Schlüsselmomenten, einschließlich des beliebten KGV-Verhältnisses, des KGV-Verhältnisses, des Earnings-Yield-Verhältnisses, des Cash-Flow-per-Aktie und einer Reihe anderer wichtiger Statistiken, die von Wertanlegern häufig verwendet werden.

PVH hat derzeit ein Vorwärts-KGV-Verhältnis von 7,40, während LVMUY ein Vorwärts-KGV-Verhältnis von 20,77 hat. Wir stellen auch fest, dass PVH ein PEG-Verhältnis von 0,98 hat. Dieses Verhältnis ist ähnlich zum beliebten KGV-Verhältnis, wobei das PEG-Verhältnis auch die erwartete Wachstumsrate der Earnings berücksichtigt. LVMUY hat derzeit ein PEG-Verhältnis von 2,35.

Ein weiteres bemerkenswertes Bewertungsmittel für PVH ist sein P/B-Verhältnis von 0,85. Das P/B-Verhältnis ist eine Methode zur Vergleichbarkeit der Marktwert einer Aktie mit ihrem Buchwert, der als Gesamtbetriebsvermögen minus Gesamtverbindlichkeiten definiert wird. Im Vergleich dazu hat LVMUY ein P/B-Verhältnis von 3,46.

Diese sind nur einige der Metriken, die zu PVH's Werte-Grade A und LVMUY's Werte-Grade C beitragen.

PVH hat eine stärkere Revisionstätigkeit bei den Earnings-Schätzungen und attraktivere Bewertungsmetriken als LVMUY, sodass es wahrscheinlich ist, dass Wertanleger schlussfolgern werden, dass PVH derzeit die bessere Option ist.

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Einige Aktien stiegen im Nachmittagsabschnitt an, nachdem der Druck auf den Anleihenmarkt abgeflacht und die Ölpreise zurückgegangen waren. Dies verbesserte das sentiment für konsumorientierte Unternehmen. Ein Rückgang der Zinsen für Staatsanleihen kann die Kosten für Auto- und Kreditkarten reduzieren, was einen Vorteil für Verbraucher bei großen Einkäufen bietet. Der 10-Jahres-Zinssatz für Staatsanleihen sank auf 4,46 %. Gleichzeitig können sinkende Ölpreise zu niedrigeren Kosten für Unternehmen führen, insbesondere in der Reise- und Freizeitindustrie, wie z.B. Kreuzfahrtschiffen, die empfindlich gegenüber Treibstoffkosten sind. Dies verbessert das makroökonomische Umfeld und kann Erwartungen an die Nachfrage nach Dispositionswaren und die Sorge um steigende Kosten für Unternehmen und Verbraucher reduzieren, was zu breiteren Marktzugewinnen führen kann.

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Einige Aktien fielen im Nachmittagsabschnitt nach Berichten über die Beschleunigung des Verbraucherpreisindex in April um mehr als erwartet. Der Produzentenpreisindex (PPI) stieg saisonbereinigt um 1,4% für den Monat und deutlich höher als die von Wirtschaftsexperten erwarteten 0,5%. Diese Daten folgen einem jüngsten Verbraucherpreisindexbericht, der zeigt, dass sich die Preise für Energie auf Rekordhöhe befinden. Dieser Anstieg der Preise und die damit verbundene Erosion des Kaufkrafts haben das Konsumvertrauen beeinträchtigt und erhöhten die Besorgnis über zukünftige Ausgaben für nicht-essentielle Güter und Dienstleistungen. Die Aktien von Caleres, PVH, Kontoor Brands, Charter und Latham fielen um 3,2%, 4,1%, 4,7%, 3,1% bzw. 5,1%.

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A month has gone by since the last earnings report for PVH (PVH). Shares have added about 18.9% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is PVH due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for PVH Corp. before we dive into how investors and analysts have reacted as of late.

PVH Corp Q4 Earnings Beat Estimates, DTC Revenues Rise 1%

PVH Corporation posted fourth-quarter fiscal 2025 results, wherein both revenues and earnings topped the Zacks Consensus Estimate. Both metrics also increased year over year. PVH ended 2025 on a strong note, beating expectations in Q4 and delivering growth, buoyed by strength in Calvin Klein and Tommy Hilfiger, and solid execution of its PVH+ Plan.

For fiscal 2026, the company is focused on expanding direct-to-consumer sales, strengthening digital channels, boosting brand relevance through impactful marketing and maintaining cost discipline to support steady margins and long-term growth.

Delving Deeper Into PVH’s Q4 Performance

PVH Corp. reported adjusted earnings of $3.82 per share, up 16.8% from the year-ago quarter's $3.27. The bottom line also surpassed the Zacks Consensus Estimate of earnings of $3.30 per share and the company’s guidance of $3.20-$3.35.

The EPS figure included a net negative impact with respect to the higher tariffs for goods coming into the US, with a gross impact of roughly 70 cents per share and a partly offsetting impact of the mitigation efforts and the positive effect of 33 cents per share associated with the foreign currency translations.

Revenues jumped 6% year over year (flat at constant currency) to $2.505 billion and beat the consensus mark of $2.419 billion.

Direct-to-consumer revenues inched up 1% compared with the prior-year period’s figure (down 3% on a constant-currency basis). Revenues in PVH Corp.’s owned and operated stores were flat, though revenues declined 4% in constant currency, as revenues fell across all the regions. Meanwhile, owned and operated digital commerce grew 5%, and was flat in constant currency, with increases in the Americas and APAC offset by declines in EMEA.

Wholesale revenues climbed 11% from the prior-year period (up 4% on a constant-currency basis), buoyed by growth in the Americas, partly offset by decreases in EMEA and APAC.

PVH Corp.’s Costs & Margin Details

The company’s gross profit of $1.44 billion grew 4.3% year over year. However, the gross margin contracted 60 basis points to 57.6% due to the higher U.S. tariffs, elevated promotional backdrop and margin differential owing to the transition of earlier-licensed women’s product categories to an in-house wholesale business. Decline was partly offset by tariff-mitigation efforts and lower product costs, comprising foreign exchange gains.

Adjusted selling, general and administrative expenses were $1.20 billion, up 4.7% year over year. The company’s adjusted earnings before interest and taxes totaled $249.5 million, up 2.1% from the prior-year quarter. It reported adjusted operating margin of 10%, including roughly 170 basis point negative effect of gross tariffs, surpassing guidance of 9%.

Story Continues

PVH’s Segmental Analysis

EMEA revenues increased 8% year over year to $1.18 billion. However, on a constant-currency basis, revenues declined 3% due to softness in both the direct-to-consumer and wholesale businesses. The consensus estimate for EMEA revenues was pegged at $1.12 billion.

Americas revenues rose 4% year over year to $764.7 million, buoyed by growth in the wholesale business, somewhat offset by a decline in the direct-to-consumer business. Higher wholesale revenues included the transition of earlier-licensed women’s product categories in-house. The consensus estimate for Americas revenues was pegged at $764 million.

APAC revenues were flat year over year at $436.7 million (dipped 2% on a constant-currency basis). In constant currency, revenues included a nearly 4% drop stemming from the timing of the Lunar New Year, which occurred in the fourth quarter of 2024 but did not happen in the reported quarter. Also, softness in the direct-to-consumer and wholesale businesses contributed to the decline. The consensus estimate for APAC revenues was pegged at $430 million.

Licensing revenues jumped 10% year over year to $120.2 million, mainly owing to the impact of non-recurring contractual royalties.

PVH Corp.’s Brand Performance

Revenues for the Calvin Klein segment increased 3% year over year (down 1% on a constant-currency basis).

Revenues for the Tommy Hilfiger brand rose 7% year over year (up 1% on a constant-currency basis).

Closer Look at PVH's Financial Performance

PVH Corp. ended the fiscal year with cash and cash equivalents of $701.5 million, long-term debt of $2.29 billion and stockholders’ equity of $4.79 billion. Inventories were up 5% year over year to $1.58 billion, consisting of a 4% impact from higher tariffs.

As part of its plan to return extra cash to shareholders, the company has bought back 7.7 million shares of its common stock for $561 million in fiscal 2025, principally via accelerated share repurchase agreements entered into in the first quarter and, to a lesser extent, open market purchases. Management plans to make at least $300 million in stock repurchases this year.

What to Expect From PVH Corp. in Q1 and FY26?

For fiscal 2026, revenues are expected to rise slightly year over year, and be flat to slightly up on a constant-currency basis. It projects growth in the direct-to-consumer channel across both brands and all regions in 2026. PVH projected adjusted operating margin to be roughly 8.8%, remaining flat year over year. The operating margin expectation comprises an estimated net negative impact with respect to the tariffs on goods coming into the US, including a gross impact of nearly 215 basis points and a partly offsetting impact of mitigation efforts.

The company envisions adjusted EPS in the range of $11.80-$12.10, up from adjusted EPS of $11.40 seen in fiscal 2025. This includes an expected net negative impact in relation to the tariffs for goods coming into the US, with a gross impact of roughly $3.30 per share and a partial offsetting impact of mitigation actions, and the positive gains of 30 cents a share from foreign currency translations. Net interest expense is likely to be nearly flat compared with $79 million in fiscal 2025. Management expects an effective tax rate in the band of 22-23%.

For the first quarter of fiscal 2026, revenues are likely to grow slightly year over year while declining low single-digits on a constant-currency basis. PVH forecast adjusted operating margin in the range of 6-6.5%, lower than 8.1% recorded in the first quarter of fiscal 2025. PVH Corp. envisions adjusted EPS in the range of $1.65-$1.80 for the first quarter of fiscal 2026 compared with $2.30 earned in the first quarter of fiscal 2025. The EPS projection includes negative tariff impacts, including a gross impact of 80 cents a share and a partially offsetting impact of planned mitigation efforts.

How Have Estimates Been Moving Since Then?

It turns out, estimates revision have trended downward during the past month.

The consensus estimate has shifted -24.63% due to these changes.

VGM Scores

At this time, PVH has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. However, the stock has a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, PVH has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

PVH belongs to the Zacks Textile - Apparel industry. Another stock from the same industry, Cintas (CTAS), has gained 1.1% over the past month. More than a month has passed since the company reported results for the quarter ended February 2026.

Cintas reported revenues of $2.84 billion in the last reported quarter, representing a year-over-year change of +8.9%. EPS of $1.24 for the same period compares with $1.13 a year ago.

Cintas is expected to post earnings of $1.24 per share for the current quarter, representing a year-over-year change of +13.8%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.3%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Cintas. Also, the stock has a VGM Score of D.

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PVH Corp. (PVH) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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June S&P 500 E-Mini futures (ESM26) are up +1.02%, andJune Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.

The Wall Street Journal reported that President Trump told aides he is willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed. In recent days, President Trump and his aides assessed that a mission to reopen the waterway would extend the conflict beyond his four- to six-week timeline, the report said. Trump told aides that the U.S. should achieve its primary objectives of crippling Iran’s navy and missile arsenal while applying diplomatic pressure on Tehran to resume the free flow of trade. Treasury yields fell following the WSJ report, with the benchmark 10-year yield dropping five basis points to 4.31%.

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Deutsche Bank said the report “raised hopes that the current phase of the conflict will wind down soon, and we’ve seen a clear market reaction in response.”

The price of WTI crude was little changed on Tuesday. The WSJ said that the U.S. conducted a massive strike on a large ammunition depot in the Iranian city of Isfahan on Monday night. Meantime, an Iranian drone struck a fully loaded Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant vessel attacks during the month of the conflict.

Investors are also awaiting a fresh batch of U.S. economic data, comments from Federal Reserve officials, and an earnings report from sportswear giant Nike.

In yesterday’s trading session, Wall Street’s main stock indexes ended mixed. Chip and AI-infrastructure stocks tumbled, with Micron Technology (MU) sinking over -9% to lead losers in the Nasdaq 100 and Marvell Technology (MRVL) plunging more than -7%. Also, Sysco Corp. (SYY) cratered over -15% and was the top percentage loser on the S&P 500 after agreeing to acquire Jetro Restaurant Depot for $29.1 billion, including debt. In addition, Boston Scientific (BSX) slumped more than -9% after the company reported mixed data for its Watchman heart implant. On the bullish side, software stocks advanced, with ServiceNow (NOW) climbing over +5% to lead gainers in the S&P 500 and Workday (WDAY) rising more than +3%.

Story Continues

Fed Chair Jerome Powell said on Monday that longer-term inflation expectations seem to be in check, but that the central bank is closely monitoring them as it evaluates the impact of the Middle East conflict. Inflation expectations appear to be “well anchored beyond the short term,” Powell said. He added that policymakers might need to respond to the fallout from the conflict, but that the time has not yet come.

“Fed Chair Powell’s calm tone, along with overdue market focus on the growth risks from higher-for-longer oil are helping to fuel a turn in rates pricing,” said Krishna Guha at Evercore. “The probability of one or more cuts is much higher than the probability of a hike.”

Meanwhile, U.S. rate futures have priced in a 97.4% chance of no rate change and a 2.6% chance of a 25 basis point rate hike at the April FOMC meeting.

Today, investors will focus on U.S. JOLTs Job Openings figures, set to be released in a couple of hours. Economists, on average, forecast that February JOLTs Job Openings will arrive at 6.890 million, compared to the January figure of 6.946 million.

The U.S. Conference Board’s Consumer Confidence Index will also be closely monitored today. Economists anticipate that the March figure will stand at 87.8, compared to 91.2 in February.

The U.S. S&P/CS HPI Composite - 20 n.s.a. will be released today. Economists expect the January figure to rise +1.4% y/y, unchanged from December.

The U.S. Chicago PMI will be released today as well. Economists forecast the March figure at 54.8, compared to the previous value of 57.7.

In addition, market participants will parse comments today from Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Michael Barr, Chicago Fed President Austan Goolsbee, and Kansas City Fed President Jeff Schmid.

On the earnings front, notable companies such as Nike (NKE), McCormick & Co. (MKC), and PVH Corp. (PVH) are set to report their quarterly figures today.

In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.31%, down -1.15%.

The Euro Stoxx 50 Index is up +0.58% this morning as tentative hopes for a resolution to the Middle East conflict boosted sentiment. Financial and mining stocks led the gains on Tuesday. Software stocks also climbed. At the same time, semiconductor stocks continued to slide. The benchmark index is on track for its largest monthly decline since 2020. Preliminary data from Eurostat released on Tuesday showed that the Eurozone’s annual inflation rate rose at its fastest pace in more than a year in March as the Middle East conflict drove energy prices higher, a move that, if sustained, could prompt the European Central Bank to raise interest rates. Separately, data showed that Germany’s unemployment rate remained unchanged in March, but the impact of the Middle East conflict is likely to increasingly weigh on the labor market outlook. Meanwhile, Reuters reported on Tuesday that Germany’s leading economic institutes lowered their growth forecasts for this year and next while significantly raising their inflation projections in response to the Middle East conflict. In corporate news, UBS Group AG (UBSG.Z.IX) rose over +3% after the Financial Times reported that Swiss lawmakers had assured the bank they would relax rules, enabling it to raise its capital requirement by $22 billion.

U.K. GDP, Germany’s Retail Sales, Germany’s Unemployment Change, Germany’s Unemployment Rate, Eurozone’s CPI (preliminary), and Eurozone’s Core CPI (preliminary) data were released today.

U.K. GDP has been reported at +0.1% q/q and +1.0% y/y in the fourth quarter, in line with expectations.

The German February Retail Sales fell -0.6% m/m and rose +0.7% y/y, weaker than expectations of +0.3% m/m and +1.0% y/y.

The German March Unemployment Change stood at 0K, stronger than expectations of 2K.

The German March Unemployment Rate was 6.3%, in line with expectations.

Eurozone’s March CPI rose +2.5% y/y, weaker than expectations of +2.6% y/y.

Eurozone’s March Core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

Asian stock markets today settled in the red. China’s Shanghai Composite Index (SHCOMP) closed down -0.80%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -1.58%.

China’s Shanghai Composite Index closed lower today as upbeat PMI data from the country failed to offset investor worries about the Middle East conflict. Coal and semiconductor stocks underperformed on Tuesday. The benchmark index notched its steepest monthly decline since January 2022. Still, Chinese equities fared better than global peers in the Iran-driven rout, with their outperformance the strongest since August 2025. An official survey released on Tuesday showed that China’s factory activity returned to expansion in March, partly due to seasonal factors, but as the Middle East conflict heightens supply shock risks, businesses are beginning to feel the strain. China’s non-manufacturing PMI, which covers both services and construction activity, also returned to expansion territory this month. ANZ Research economists said the PMI data support the view that first-quarter GDP growth will likely surpass 4.5%. In other news, Chinese officials are stepping up efforts to tax offshore trusts holding shares in certain Hong Kong-listed companies, tightening scrutiny on a structure the country’s ultra-wealthy have used to invest billions of dollars overseas. In corporate news, J&T Global Express jumped over +11% in Hong Kong after the logistics firm reported strong second-half and full-year results.

The Chinese March Manufacturing PMI came in at 50.4, stronger than expectations of 50.1.

The Chinese March Non-Manufacturing PMI arrived at 50.1, stronger than expectations of 49.9.

Japan’s Nikkei 225 Stock Index closed lower today as a report that President Trump was willing to end the war with Iran failed to boost risk sentiment. Energy, industrial, and technology stocks led the declines on Tuesday. The benchmark index posted its largest monthly decline since the 2008 global financial crisis. Japan is among the most exposed major economies to the fallout of Middle East tensions, with over 90% of its oil imports sourced from the region. Government data released on Tuesday showed that annual core inflation in Tokyo eased to a nearly two-year low in March and remained below the Bank of Japan’s target for a second consecutive month, as fuel subsidies offset rising raw material costs driven by a weak yen. However, analysts expect the slowdown to be temporary as surging oil prices stemming from the Middle East conflict, along with higher import costs from the weak yen, intensify inflationary pressures and prompt the BOJ to raise interest rates further. Separate data showed that Japan’s retail sales unexpectedly fell in February from a year earlier, highlighting the fragile nature of the country’s recovery even before the Middle East conflict erupted. In addition, data showed that Japan’s monthly industrial production fell in February, a pullback from the pre-holiday demand boost seen in the previous month. Meanwhile, Japanese Finance Minister Satsuki Katayama warned on Tuesday that the government was ready to respond “on all fronts” to market volatility as speculative moves were observed in the currency market as well as in the crude oil futures market. Investor attention for the remainder of the week is on the BOJ’s quarterly Tankan survey of business sentiment. Daiwa Institute of Research economist Kanako Nakamura expects sentiment among manufacturers to improve in the first quarter, supported by a weaker yen and robust chip demand, though the outlook remains uncertain amid the Middle East conflict. The Nikkei Volatility Index, which takes into account the implied volatility of Nikkei 225 options, closed down -2.75% to 48.09.

The Japanese March Tokyo Core CPI rose +1.7% y/y, weaker than expectations of +1.8% y/y.

The Japanese February Industrial Production (preliminary) fell -2.1% m/m, in line with expectations.

The Japanese February Retail Sales unexpectedly fell -0.2% y/y, weaker than expectations of +0.9% y/y.

The Japanese February Unemployment Rate was 2.6%, stronger than expectations of 2.7%.

Pre-Market U.S. Stock Movers

The Magnificent Seven stocks rose in pre-market trading, with Meta Platforms (META) and Microsoft (MSFT) gaining over +1%.

Chip stocks advanced in pre-market trading, rebounding slightly from yesterday’s sell-off. Marvell Technology (MRVL), Advanced Micro Devices (AMD), and Intel (INTC) were up more than +1%.

McCormick & Co. (MKC) climbed over +4% in pre-market trading after the spice maker posted stronger-than-expected Q1 results. Also, Unilever said it was in advanced discussions to merge its foods business with the company.

Centessa Pharmaceuticals (CNTA) popped more than +46% in pre-market trading after Eli Lilly agreed to acquire the company in a deal worth up to about $7.8 billion, or $47 a share.

Colgate-Palmolive (CL) fell nearly -1% in pre-market trading after TD Cowen downgraded the stock to Hold from Buy.

You can see more pre-market stock movers here

Today’s U.S. Earnings Spotlight: Tuesday - March 31st

NIKE, Inc. (NKE), McCormick & Company (MKC), TD SYNNEX (SNX), FactSet Research Systems (FDS), PVH Corp. (PVH), RH (RH), Hotel101 Global Holdings (HBNB), nCino (NCNO), SEALSQ (LAES), Nano Dimension (NNDM), Dave & Buster’s Entertainment (PLAY), Hennessy Capital Investment Corp. VII (HVII), BRC Group Holdings (RILY), Taylor Devices (TAYD), Stellar V Capital (SVCC), J.Jill (JILL), CitroTech (CITR).

On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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