PVH에 대한 매도 수량은 투자자에게 PVH의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

PVH (NYSE:PVH) 주식, 공매도 수량 보고

PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate practically all its revenue after its recent disposition of most of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.

Earnings

News

Pre-Market Outlook

Markets

FIVE

LULU

목요일(5일) 아침 미국 주식 선물이 혼조세를 보이는 가운데, 오늘 투자자들의 관심을 끌만한 주식들은 다음과 같다. 달러 제너럴, 파이브 빌로우, 크로거, PVH 및 룰루레몬

목요일 주목해야 할 주식: 달러 제너럴, 파이브 빌로우, 크로거, PVH 및 룰루레몬

AAPL

DLTR

CNN 머니 공포·탐욕 지수는 화요일(3일) &#34;탐욕&#34; 영역에 머물렀다.화요일 미국 증시는 혼조세를 보였으며, S&amp;P 500 지수는 세션 중 사상 최고치를 기록했다. 애플(NASDAQ:AAPL) 주가가 화요일에 새로운 52주 최고가로 급등한 반면, 지스케일러(NASDAQ:ZS)의 주가는 1분기 실적 발표 후 약 4.7% 하락했다.

애플 242달러 돌파 속 S&amp;P 500 또다시 최고치 경신: 공포 지수는 &#39;탐욕&#39; 영역에

Trading Ideas

MRVL

수요일(3일) 아침 미국 주식 선물이 상승하는 가운데 오늘 투자자들의 주목을 받을 수 있는 주식은 다음과 같다. 달러 트리, 세일즈포스, 호멜 푸즈, 마벨 테크놀로지 및 PVH

수요일 주목해야 할 주식: 달러 트리, 세일즈포스, 호멜 푸즈, 마벨 테크놀로지 및 PVH

PVH Corp

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$430.00</td>
<td>$46.1K</td>
<td>14.9K</td>
<td>83.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$230.00</td>
<td>$46.3K</td>
<td>17.7K</td>
<td>26.3K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$90.00</td>
<td>$38.7K</td>
<td>15.8K</td>
<td>5.5K</td>
</tr>
<tr>
<td>PVH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$105.00</td>
<td>$306.0K</td>
<td>557</td>
<td>600</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$20.00</td>
<td>$32.6K</td>
<td>8.6K</td>
<td>522</td>
</tr>
<tr>
<td>SFIX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.50</td>
<td>$25.7K</td>
<td>270</td>
<td>401</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$70.00</td>
<td>$31.8K</td>
<td>7.3K</td>
<td>142</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$35.00</td>
<td>$47.6K</td>
<td>2.9K</td>
<td>105</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$300.00</td>
<td>$52.7K</td>
<td>18</td>
<td>44</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on December 13, 2024. Parties traded 156 contract(s) at a $430.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $295.0 per contract. There were 14908 open contracts at this strike prior to today, and today 83941 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on December 13, 2024. Parties traded 286 contract(s) at a $230.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.3K, with a price of $162.0 per contract. There were 17780 open contracts at this strike prior to today, and today 26357 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on December 20, 2024. This event was a transfer of 244 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $38.7K, with a price of $159.0 per contract. There were 15825 open contracts at this strike prior to today, and today 5590 contract(s) were bought and sold. 
• Regarding PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), we observe a put option trade with bullish sentiment. It expires in 99 day(s) on March 21, 2025. Parties traded 600 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $306.0K, with a price of $510.0 per contract. There were 557 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option trade with bearish sentiment. It expires in 372 day(s) on December 19, 2025. Parties traded 125 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $32.6K, with a price of $261.0 per contract. There were 8659 open contracts at this strike prior to today, and today 522 contract(s) were bought and sold. 
• Regarding SFIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>), we observe a call option trade with bullish sentiment. It expires in 400 day(s) on January 16, 2026. Parties traded 191 contract(s) at a $5.50 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $135.0 per contract. There were 270 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be neutral, expiring in 190 day(s) on June 20, 2025. This event was a transfer of 60 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $530.0 per contract. There were 7356 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option trade that happens to be bullish, expiring in 71 day(s) on February 21, 2025. This event was a transfer of 100 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $47.6K, with a price of $476.0 per contract. There were 2934 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option trade that happens to be bearish, expiring in 15 day(s) on December 27, 2024. This event was a transfer of 10 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $52.7K, with a price of $5276.0 per contract. There were 18 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

CVNA

RIVN

SFIX

TSLA

9 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Barclays analyst Adrienne Yih maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Overweight and raises the price target from $142 to $144.

Price Target

Analyst Ratings

Barclays Maintains Overweight on PVH, Raises Price Target to $144

Guggenheim analyst Robert Drbul maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Buy and raises the price target from $105 to $125.

Guggenheim Maintains Buy on PVH, Raises Price Target to $125

Telsey Advisory Group analyst Dana Telsey maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Outperform and maintains $130 price target.

Telsey Advisory Group Maintains Outperform on PVH, Maintains $130 Price Target

Wall Street experienced subdued trading on Thursday morning, with major indices remaining near the flatline as investors awaited further confirmation of potential interest rate cuts from the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42346164/november-jobs-report-preview-will-it-seal-the-deal-for-a-fed-interest-rate-cut">upcoming November jobs report.</a>
The S&amp;P 500 and Nasdaq 100 edged up by 0.1%, extending their record-high levels, while the Dow Jones Industrial Average slipped 0.3%. Small-cap stocks underperformed, with the Russell 2000 declining 0.8%.
Airline stocks emerged as a standout industry, buoyed by American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), which surged by a staggering 16% after the company raised its quarterly growth forecast on robust travel demand. 
Shares of United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained 5%, while Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) climbed 4.3%. The broader sector, tracked by the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), advanced 4%, reaching levels unseen since June 2021.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) added more than 3%, touching highs last seen in March 2022 after Bank of America raised its 12-month price target on the stock from $350 to $400, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42344440/teslas-path-to-400-bank-of-america-highlights-ev-ai-growth">citing improving growth prospects.</a>
The U.S. dollar softened by 0.4%, while Treasury yields held steady, with little movement across the curve.
Gold dropped 0.9%, while copper and silver retreated 0.4% and 0.7%, respectively, reflecting broader weakness in metals.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was up 2.4% to trade around $101,000. The leading cryptocurrency briefly touched $103,650 by 10:00 a.m. ET before retreating slightly amid high volatility.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,090.78</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,497.32</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,829.20</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,407.36</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% up to $608.06.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.3% to $449.43.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% up to $523.76.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.8% to $239.12.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1%; the&nbsp;Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) fell over 11% in reaction to the company&#8217;s latest earnings report. </li>
<li>Other stocks reacting to earnings included SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>), down 10.3%, PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), down 0.7%, Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), up 12%, Kroeger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), up 1.3%, and Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), down 3%. </li>
<li>Companies slated to report their earnings after the close are DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), and Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>). </li>
</ul>
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Select Sector SPDR-Consumer Discretionary

US Stocks Hold Steady, Travel Demand Fuels Airlines, Tesla Reaches 32-Month Highs: What's Driving Markets Thursday?

PVH Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares are trading lower after the company reported&nbsp;third-quarter&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42329586/pvh-corp-reports-2024-third-quarter-revenue-and-earnings-above-guidance" rel="noreferrer noopener">results and provided soft guidance</a>.
Sales came in at&nbsp;$2.255 billion, which beat the analyst consensus estimate of $2.220 billion.
Revenue in the company&#8217;s international businesses was flat year over year and down 2% on a constant currency basis.
Growth in the Asia Pacific region in local currency was offset by a strategic reduction in sales in Europe, aimed at driving higher-quality sales in the region.
In North America, revenue from the Tommy Hilfiger and Calvin Klein brands decreased by 6% year over year, partly due to a shift in wholesale shipments from the fourth quarter to the third quarter of the prior year.
Direct-to-consumer revenue was flat Y/Y (-1% Y/Y in constant currency).
Owned store revenue increased 1% year over year, while digital commerce revenue decreased 1% year over year (-3% year over year in constant currency), impacted by the strategic sales reduction in Europe.
Wholesale revenue declined 8% year over year (-9% year over year in constant currency), with a 4% year-over-year drop from the sale of the Heritage Brands women&#8217;s intimates business and the rest due to the reduction in Europe sales and North American shipment timing.
Gross margin improved by 170 basis points year over year to 58.4%, led by a favorable shift in channel mix and reduced sales to lower-margin wholesale accounts.
Adjusted EPS of $3.03&nbsp;per share, which beat the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus estimate of&nbsp;$2.59</a>.
Stefan Larsson, Chief Executive Officer, said, "Throughout the quarter, we drove powerful consumer engagement for both Calvin Klein and TOMMY HILFIGER, and continued to build momentum in product, with significantly improved sell-throughs for the Fall 24 season across all regions and both our iconic brands, and we are coming into the holiday season with a fresh and strong inventory composition."
Buyback: Under the PVH+ Plan, the company repurchased shares worth $29 million in the third quarter of 2024, bringing total repurchases for the first nine months to 2.4 million shares for $254 million.
The company expects to repurchase around $400 million in common stock for 2024.
Outlook:&nbsp;PVH expects&nbsp;fourth-quarter&nbsp;revenue to decrease by&nbsp;6%&nbsp;to&nbsp;7%&nbsp;and sees adjusted EPS of $3.05 to<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> $3.20 vs. estimate of $3.71</a>.
The company reaffirmed the fiscal year 2024 revenue decrease of&nbsp;6%&nbsp;to&nbsp;7%&nbsp;and revised adjusted EPS to&nbsp;$11.55-$11.70 (from&nbsp;$11.55-$11.80)<a target="_blank" href="https://www.benzinga.com//node/40589325" rel="noreferrer noopener"> versus the estimate of&nbsp;$11.73</a>.
Investors can gain exposure to the stock via First Trust Cons. Discret. AlphaDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXD#NYSE">FXD</a>) and First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNK#NASDAQ">FNK</a>).
Price Action: PVH shares are down 2.5% at $109.98 at last check Thursday.
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First Trustnsumer Discretionary AlphaDEX Fund

Calvin Klein Parent PVH Falls As Q3 Beats Are Derailed By Soft Guidance

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% points on Thursday.
Shares of SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/12/42327667/whats-going-on-with-sentinelone-stock-after-hours">third-quarter results</a>.
SentinelOne reported third-quarter revenue of $210.65 million, beating the consensus estimate of $209.72 million, according to Benzinga Pro.
Total revenue increased 28% year-over-year. Annualized recurring revenue (ARR) increased 29% to $859.7 million as of Oct. 31. Customers with ARR of $100,000 or more grew 24% to 1,310 in the quarter. The company ended the quarter with $1.1 billion in cash, cash equivalents and investments.
SentinelOne shares dipped 14.7% to $24.45 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) fell 18.7% to $34.50 in pre-market trading after the company reported third-quarter financial results and issued fourth-quarter revenue guidance below estimates.</li>
<li>American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) fell 14.4% to $17.59 in today's pre-market trading after the company reported a year-over-year decrease in third-quarter sales results. Also, the company said it expects a 4% decrease in fourth-quarter total revenue.</li>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) declined 14.3% to $11.70 in pre-market trading.</li>
<li>KB Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) dropped 9.3% to $61.00 in pre-market trading.</li>
<li>Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) dipped 8.4% to $538.60 in pre-market trading after the company issued first-quarter guidance below estimates.</li>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) fell 8.1% to $181.04 in pre-market trading after the company announced quarterly financial results.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) fell 7% to $105.00 in pre-market trading following third-quarter results.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) fell 6.4% to $10.72 in pre-market trading. The FDA granted Mesoblast&#8217;s Revascor Regenerative Medicine Advanced Therapy Designation in children with congenital heart disease.</li>
<li>Rambus Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) fell 3.8% to $56.71 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42332881/dow-settles-above-45000-for-first-time-investor-sentiment-improves-fear-greed-index-in-greed-zone">Dow Settles Above 45,000 For First Time As Salesforce, Marvell Surge: Investor Sentiment Improves, Fear Index In &#8216;Greed&#8217; Zone</a></li>
</ul>

AVAV

MESO

NCNO

RMBS

SentinelOne, AeroVironment, PVH And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) to report quarterly earnings at 94 cents per share on revenue of $10.15 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Dollar General shares rose 2.8% to $81.70 in after-hours trading.</li>
<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) reported better-than-expected results for its third quarter and issued strong guidance for fiscal 2024. The company also announced the appointment of Winnie Park as CEO and a member of its board of directors, effective Dec. 16, 2024. Five Below shares jumped 14.6% to $120.25 in the after-hours trading session.</li>
<li>Analysts are expecting The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) to post quarterly earnings at 98 cents per share on revenue of $34.20 billion. The company will release earnings before the markets open. Kroger shares slipped 0.1% to $59.88 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) reported better-than-expected third-quarter financial results. The company said it sees full-year adjusted earnings of $11.55 to $11.70 per share and lowered its GAAP operating margin outlook to 9.2% from 9.8%. PVH shares fell 6.7% to $105.30 in the after-hours trading session.</li>
<li>Analysts expect Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) to post quarterly earnings at $2.69 per share on revenue of $2.36 billion after the closing bell. Lululemon shares fell 0.2% to $341.75 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/24/12/42313903/top-3-tech-and-telecom-stocks-that-may-implode-this-quarter">Top 3 Tech And Telecom Stocks That May Implode This Quarter</a></li>
</ul>
Photo courtesy: Wikimedia

Kroger, Five Below And 3 Stocks To Watch Heading Into Thursday

WIIM

PVH  Corp shares are trading lower following soft guidance.

PVH Sees Q4 Adj.  EPS $3.05-$3.20 vs $3.71 Est.

PVH Sees Full-Year Adj. EPS $11.55-$11.70; Lowers GAAP Operating Margin Outlook To ~9.2% From ~9.8%

PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) reported quarterly earnings of $3.03 per share which beat the analyst consensus estimate of $2.59 by 16.99 percent. The company reported quarterly sales of $2.255 billion which beat the analyst consensus estimate of $2.220 billion by 1.59 percent. This is a 4.57 percent decrease over sales of $2.363 billion the same period last year.

Earnings Beats

PVH Q3 2024 Adj. EPS $3.03 Beats $2.59 Estimate, Sales $2.255B Beat $2.220B Estimate

Wall Street extended its rally on Wednesday, driven by robust gains in technology stocks, as investor optimism around AI-fueled <a href="https://www.benzinga.com/markets">growth continued to strengthen.</a>
The Nasdaq 100 climbed 0.9%, pushing further into record territory following Tuesday&#8217;s highs. The S&amp;P 500 advanced 0.4%, hitting 6,077—a fresh record-high milestone—eyeing its twelfth gain in thirteen sessions.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) advanced over 2% by midday, breaking all-time highs previously set in November. The e-commerce giant&#8217;s gains were bolstered by strong early holiday sales and optimism stemming from the AWS annual conference, where AI <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42321567/amazon-hits-all-time-highs-eyes-best-2-year-rally-since-2010-cyber-season-marks-record-sales-aws-shines-with-ai-innovations">advancements took center stage.</a>
Fresh economic data offered a mixed narrative. The ISM services index showed a slower-than-expected growth in November, while ADP reported private payroll growth of 146,000 for the month, slightly under the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42314234/private-employers-add-fewer-than-predicted-jobs-in-november-manufacturing-was-the-weakest-weve-seen-since-spring">consensus estimate of 150,000.</a>
St. Louis Federal Reserve President Alberto Musalem struck a cautious tone on monetary policy, suggesting a potential slowdown or pause in the pace of interest rate cuts <a href="https://www.benzinga.com/news/econ-s/24/12/42316647/interest-rate-cut-in-december-st-louis-feds-musalem-urges-patient-approach-in-last-mile-to-2">might soon be warranted.</a>
The dollar weakened after the ISM report, while U.S. Treasury yields erased earlier gains and remained steady by midday.
In commodities, gold added 0.3%, while natural gas and crude oil prices declined 2.6% and 1%, respectively.
Meanwhile, the cryptocurrency market struggled to keep up with the broader risk-on mood. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped 0.2%, trading just above $95,000
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg</td>
<td>%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,428.69</td>
<td>+199.37</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,073.20</td>
<td>+23.32</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,864.46</td>
<td>+158.93</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,422.11</td>
<td>+5.76</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $606.41.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $449.79.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1% to $521.87.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $240.68.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 1.6%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 2.4%.</li>
</ul>
<h2 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h2>
<ul>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) rose over 7% in reaction to its quarterly results, which delivered slightly lower-than-expected earnings. </li>
<li>Other stocks reacting to earnings included Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) up 24%, Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) up 4.8%, The Campbells Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) down 6%, Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) up 2.4%, and Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) down 3.8%.</li>
<li>Companies slated to report their earnings after the close are Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) and Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42319796/tesla-analyst-lowers-q4-delivery-estimate-says-2-dynamics-will-determine-ev-stocks-valuation">Tesla Analyst Lowers Q4 Delivery Estimate, Says 2 Dynamics Will Determine EV Stock&#8217;s Valuation</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

CHWY

OKTA

PSTG

Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$355.00</td>
<td>$26.2K</td>
<td>11.1K</td>
<td>38.5K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$53.9K</td>
<td>13.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>WSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$190.00</td>
<td>$27.1K</td>
<td>2.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>SHOO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$55.0K</td>
<td>3.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>DAN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$12.00</td>
<td>$30.3K</td>
<td>13</td>
<td>1.0K</td>
</tr>
<tr>
<td>PVH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$115.00</td>
<td>$33.3K</td>
<td>980</td>
<td>545</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$32.00</td>
<td>$34.5K</td>
<td>2.1K</td>
<td>449</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$97.00</td>
<td>$61.8K</td>
<td>335</td>
<td>243</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$27.00</td>
<td>$26.2K</td>
<td>484</td>
<td>135</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$110.00</td>
<td>$88.0K</td>
<td>1.4K</td>
<td>127</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 6, 2024. Parties traded 69 contract(s) at a $355.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $380.0 per contract. There were 11199 open contracts at this strike prior to today, and today 38566 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 135 contract(s) at a $100.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $53.9K, with a price of $400.0 per contract. There were 13139 open contracts at this strike prior to today, and today 1565 contract(s) were bought and sold. 
• For WSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on December 20, 2024. This event was a transfer of 68 contract(s) at a $190.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $400.0 per contract. There were 2211 open contracts at this strike prior to today, and today 1251 contract(s) were bought and sold. 
• For SHOO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>), we notice a put option trade that happens to be bullish, expiring in 16 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $55.0K, with a price of $55.0 per contract. There were 3664 open contracts at this strike prior to today, and today 1008 contract(s) were bought and sold. 
• For DAN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>), we notice a put option trade that happens to be bearish, expiring in 198 day(s) on June 20, 2025. This event was a transfer of 202 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $150.0 per contract. There were 13 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), we notice a call option sweep that happens to be bearish, expiring in 16 day(s) on December 20, 2024. This event was a transfer of 71 contract(s) at a $115.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $470.0 per contract. There were 980 open contracts at this strike prior to today, and today 545 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bullish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 108 contract(s) at a $32.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $320.0 per contract. There were 2155 open contracts at this strike prior to today, and today 449 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on December 13, 2024. This event was a transfer of 220 contract(s) at a $97.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $61.8K, with a price of $281.0 per contract. There were 335 open contracts at this strike prior to today, and today 243 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a put option sweep with bullish sentiment. It expires in 79 day(s) on February 21, 2025. Parties traded 72 contract(s) at a $27.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $365.0 per contract. There were 484 open contracts at this strike prior to today, and today 135 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a call option trade with bearish sentiment. It expires in 44 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $88.0K, with a price of $880.0 per contract. There were 1419 open contracts at this strike prior to today, and today 127 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPNG

CROX

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBUX

SHOO

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

U.S. stocks could open on a positive note on Wednesday after the <a href="https://www.benzinga.com/news/global/24/12/42299162/us-stocks-pause-south-korea-etfs-fall-on-political-turmoil-oil-prices-rise-above-70-whats-driving-markets-tuesday">averages maintained a cautious stance on Tuesday</a>. Futures of all three major indices were up on Wednesday, pointing to an optimistic sentiment on Wall Street.
This is a day after the S&amp;P 500 closed at another record high, with AI stocks and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) giving the benchmark index a boost. Markets brushed off rising geopolitical tensions across the world, with South Korean President Yoon declaring an emergency and enforcing martial law.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.51%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.21%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.42%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.07%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.22% to $605.23 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.54% to $519.68, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a mixed note on Tuesday, with the Dow Jones closing in the red while the Nasdaq and S&amp;P 500 edged up.
Crude oil prices edged up on Wednesday after the U.S. imposed sanctions on 35 Iranian entities.
Treasury yields rose as investors waited for crucial job data to be released.
On the economic data front, the number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, industrials, and financial stocks recording the biggest losses on Tuesday.
However, communication services and information technology stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.40%</td>
<td>19,480.91</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.05%</td>
<td>6,049.88</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.17%</td>
<td>44,705.53</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.73%</td>
<td>2,416.35</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, maintained his bullish outlook on the prospects of equity markets in December. While December has traditionally been a strong one for investors, another metric shows why bears shouldn't bet against equities this month, according to Detrick.
"When the S&amp;P 500 was up 20% or more for the year heading into the final month, December has been up nine of the past 10 times," said Detrick in his latest note.
Data shows the S&amp;P 500 has gained over 28% since the beginning of 2024 through November, and going by past trends, December looks set to close in the green, too.
It's not just December that could be positive – Detrick's analysis shows that big gains in November set equities on a path for a rally in the new year, too.
"Do big monthly gains matter? We'd say yes, as the S&amp;P 500 is up an average of 13.5% a year later and higher nearly 84% of the time after a calendar month gain of more than 5%."
He notes that a 5% gain in November has historically been followed by an average 13% increase the following year, occurring three out of four times. This pattern underpins Detrick's optimistic outlook.
Wells Fargo strategists also expect a bull run in 2025, giving a target of 7,007 for the S&amp;P 500.
"On balance, we expect the Trump Administration to usher in a macro environment that is increasingly favorable for stocks at a time when the Fed will be slowly reducing rates," said Christopher Harvey and his team of strategists.
&#8220;In short, a backdrop where equities continue to rally.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar is packed.
<ul>
<li>November's data on ADP employment will be released at 8:15 a.m. ET.</li>
<li>St. Louis Fed President Musalem will speak at 8:45 a.m. ET.</li>
<li>The S&amp;P final U.S. services PMI for November will be released at 9:45 a.m. ET.</li>
<li>The ISM services and factory orders data for November and October, respectively, will be released at 10:00 a.m. ET.</li>
<li>Fed Beige Book will be released at 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) <a href="https://www.benzinga.com/24/12/42309867/why-marvell-technology-shares-are-trading-higher-by-around-13-here-are-20-stocks-moving-premarket">stock surged 14% in premarket trading</a> on Wednesday after the company beat analyst estimates on the back of "strong demand from AI."</li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) stock rose 13% in premarket after the company <a href="https://www.benzinga.com/news/earnings/24/12/42302924/salesforce-q3-earnings-revenue-beat-eps-miss-free-cash-flow-up-30-ai-driving-groundbreaking-transformation-and-more">posted revenue</a> that topped forecasts. It also raised its fiscal year revenue guidance.</li>
<li>Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) stock gained 15% in premarket after the security firm handily beat Street expectations with its <a href="https://www.benzinga.com/news/earnings/24/12/42303322/okta-q3-earnings-revenue-beat-eps-beat-strong-guidance-shares-surge">third-quarter results</a>.</li>
<li>Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) <a href="https://www.benzinga.com/news/earnings/24/12/42303442/pure-storage-shares-soar-after-strong-q3-q4-guidance-above-estimates-details">stock rocketed 25%</a> in premarket after the company raised its annual revenue guidance.</li>
<li>Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), and PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, gaining 0.69% to hover around $70.42 per barrel.
The 10-year Treasury note yield edged up to 4.254%.
Major Asian markets ended mixed on Wednesday, and European markets were similarly mixed in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42310095/apple-shares-hit-new-high-despite-iphone-sales-slowdown-expert-reiterates-that-street-is-starting-to-realize-ipho">AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says ‘Street Is Realizing' iPhone 16 Marks The &#8216;Start Of A Super Cycle&#8217; For Apple</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

US Stocks Likely To Open Higher As Investors Gear Up For A Historically Strong Month: Wells Fargo Strategists See Trump Policies Setting A Backdrop Where 'Equities Continue To Rally'

<h3>Companies Reporting Before The Bell</h3>
• Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $202.59 million. 
• SecureWorks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $81.39 million. 
• Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $2.00 billion. 
• Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $2.23 billion. 
• Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is expected to report quarterly earnings at $1.08 per share on revenue of $7.44 billion. 
• Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $3.14 billion. 
• Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $2.90 billion. 
• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $1.57 billion. 
• Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) is projected to report quarterly earnings at $2.57 per share on revenue of $2.95 billion. 
• Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.72 billion. 
• Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $172.78 million. 
<h3>Companies Reporting After The Bell</h3>
• Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is likely to report quarterly loss at $0.18 per share on revenue of $58.00 million. 
• DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $101.00 million. 
• PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) is expected to report quarterly earnings at $2.59 per share on revenue of $2.22 billion. 
• Ooma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OOMA#NYSE">OOMA</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $64.32 million. 
• KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $73.49 million. 
• ChargePoint Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) is expected to report quarterly loss at $0.09 per share on revenue of $89.58 million. 
• SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is expected to report quarterly loss at $0.20 per share on revenue of $209.72 million. 
• Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $196.40 million. 
• Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $137.38 million. 
• Verint Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $210.03 million. 
• Greif (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEF#NYSE">GEF</a>) is projected to report quarterly earnings at $1.10 per share on revenue of $1.41 billion. 
• Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $798.58 million. 
• Star Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGU#NYSE">SGU</a>) is estimated to report earnings for its fourth quarter. 
• AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $181.44 million. 
• IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is likely to report earnings for its first quarter. 
• American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.30 billion. 
• Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $45.20 million. 
• Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) is expected to report quarterly earnings at $3.30 per share on revenue of $1.63 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHPT

CULP

DAKT

DLHC

WisdomTree Trust International LargeCap Dividend

GSX Techedu Inc. American Depositary Shares

GOTU

KNOP

OOMA

SCWX

VRNT

Earnings Scheduled For December 4, 2024

The CNN Money Fear and Greed index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&amp;P 500 hitting another record close during the session.
Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) surged to a new 52-week high on Tuesday. Shares of Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) fell around 4.7% on Tuesday following first-quarter results.
On the economic data front, the number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, industrials, and financial stocks recording the biggest losses on Tuesday. However, communication services and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 76 points to 44,705.53 on Tuesday. The S&amp;P 500 rose 0.05% to 6,049.88, while the Nasdaq Composite climbed 0.40% at 19,480.91 during Tuesday's session.
Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), and PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 62.3, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 62.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42293707/jim-cramer-prefers-this-delivery-giant-over-ups">Jim Cramer Prefers FedEx Over This Delivery Giant That &#8216;Screwed Up A Lot Of Holiday Seasons&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

S&P 500 Hits Another High As Apple Tops $242 For The First Time: Fear Index Remains In 'Greed' Zone

With <a href="https://www.benzinga.com/futures">U.S. stock futures trading</a> higher this morning on Wednesday, some of the stocks that may grab investor focus today include:
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>): The discount retailer is set to report quarterly earnings at $1.07 per share on revenue of $7.44 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Dollar Tree shares rose 1.2% to $73.35 in after-hours trading. </li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>): The customer relationship management company posted downbeat earnings for its third quarter, while sales topped estimates. Salesforce sees full-year 2025 revenue of $37.8 billion to $38 billion and full-year adjusted earnings to be between $9.98 and $10.03 per share. Shares jumped 10.6% to $366.47 in the after-hours trading session. </li>
<li>Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>): The food company posted quarterly earnings at 42 cents per share on revenue of $3.14 billion. Hormel will release earnings before the markets open. Hormel Foods shares slipped 0.1% to $31.81 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>): The semiconductor maker reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates. Marvell Technology shares jumped 10.8% to $106.30 in the after-hours trading session. </li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>): Analysts expect the company to post quarterly earnings at $2.59 per share on revenue of $2.22 billion after the closing bell. PVH shares fell 0.1% to $111.50 in after-hours trading.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/24/12/42293707/jim-cramer-prefers-this-delivery-giant-over-ups"> Jim Cramer Prefers FedEx Over This Delivery Giant That &#8216;Screwed Up A Lot Of Holiday Seasons&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Dollar Tree, Salesforce And 3 Other Stocks To Watch Heading Into Wednesday

PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) will release its quarterly earnings report on Wednesday, 2024-12-04. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate PVH to report an earnings per share (EPS) of $2.57.
The announcement from PVH is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
The company's EPS beat by $0.72 in the last quarter, leading to a 6.42% drop in the share price on the following day.

<img src="https://www.benzinga.com/files/images/story/2024/1733238042_0_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of PVH were trading at $111.17 as of December 02. Over the last 52-week period, shares are up 6.29%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on PVH</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on PVH.
PVH has received a total of 4 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $110.5, the consensus suggests a potential 0.6% downside.
<h3>Comparing Ratings Among Industry Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Kontoor Brands, Levi Strauss and Columbia Sportswear, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Kontoor Brands is maintaining an Buy status according to analysts, with an average 1-year price target of $97.86, indicating a potential 11.97% downside.</li>
<li>The consensus outlook from analysts is an Buy trajectory for Levi Strauss, with an average 1-year price target of $24.57, indicating a potential 77.9% downside.</li>
<li>The consensus among analysts is an Neutral trajectory for Columbia Sportswear, with an average 1-year price target of $84.0, indicating a potential 24.44% downside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
The peer analysis summary provides a snapshot of key metrics for Kontoor Brands, Levi Strauss and Columbia Sportswear, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>PVH</td>
<td>Neutral</td>
<td>-6.01%</td>
<td>$1.25B</td>
<td>3.08%</td>
</tr>
<tr>
<td>Kontoor Brands</td>
<td>Buy</td>
<td>2.39%</td>
<td>$299.51M</td>
<td>19.49%</td>
</tr>
<tr>
<td>Levi Strauss</td>
<td>Buy</td>
<td>0.38%</td>
<td>$910.70M</td>
<td>1.08%</td>
</tr>
<tr>
<td>Columbia Sportswear</td>
<td>Neutral</td>
<td>-5.47%</td>
<td>$467.56M</td>
<td>4.99%</td>
</tr>
</tbody>
</table>

Key Takeaway:
PVH ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Delving into PVH's Background</h3>
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate practically all its revenue after its recent disposition of most of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.
<h3>Financial Insights: PVH</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: PVH's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -6.01%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: PVH's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.62%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.08%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): PVH's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.43%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.69.
<a href="https://www.benzinga.com/quote/PVH/earnings">To track all earnings releases for PVH visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PVH Earnings Preview

Guggenheim analyst Robert Drbul raised the firm's price target on PVH Corp. (PVH) to $125 from $105 and keeps a Buy rating on the shares after the ...

PVH Corp. price target raised to $125 from $105 at Guggenheim

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Magna International (MGA – Research Report), PVH (PVH – Re...

Analysts Offer Insights on Consumer Cyclical Companies: Magna International (MGA), PVH (PVH) and Ulta Beauty (ULTA)

J.P. Morgan analyst Matthew Boss maintained a Buy rating on PVH (PVH – Research Report) yesterday and set a price target of $149.00. The company's ...

J.P. Morgan Remains a Buy on PVH (PVH)

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Collins Foods Limited (CLLFF – Research Repor...

Analysts Are Bullish on These Consumer Cyclical Stocks: Collins Foods Limited (CLLFF), PVH (PVH)

In a report released today, Paul Kearney from Barclays maintained a Buy rating on PVH (PVH – Research Report), with a price target of $144.00. The ...

PVH (PVH) Receives a Buy from Barclays

Barclays raised the firm's price target on PVH Corp. (PVH) to $144 from $142 and keeps an Overweight rating on the shares post the Q3 report. While...

PVH Corp. price target raised to $144 from $142 at Barclays

In a report released today, Alexandra Straton from Morgan Stanley maintained a Hold rating on PVH (PVH – Research Report), with a price target of $...

PVH (PVH) Gets a Hold from Morgan Stanley

PVH Corp (PVH) has disclosed a new risk, in the Litigation & Legal Liabilities category. PVH Corp faces significant business uncertainty as China's...

PVH Corp Under Threat: China's UEL Probe Poses Major Financial Risks

Luxury stocks are benefiting from resilient demand among high-income consumers, who continue to prioritize premium goods despite global economic challenges. Amid this backdrop, it might be wise to consider adding three luxury stocks, Ralph Lauren Corp (RL), PVH Corp (PVH), and Nordstrom (JWN), for long-term growth opportunities. Read on… Luxury stocks are thriving as high-income consumers continue to drive demand for premium goods and services. Brands catering to this segment are reporting strong revenue growth, especially in categories like apparel, jewelry, and travel.
Below, I have highlighted three luxury stocks: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>), PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>), and Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>), which have strong fundamentals and long-term appeal.
Despite economic uncertainties, the spending power of affluent individuals remains robust, bolstered by resilient income growth and pent-up demand for luxury experiences. As per a Bain &amp; Company forecast, the global luxury spending for 2024 is projected to <a href="https://www.bain.com/about/media-center/press-releases/2024/global-luxury-spending-to-land-near-1.5-trillion-in-2024-remaining-relatively-flat-as-consumers-prioritize-experiences-over-products-amid-uncertainty/">reach nearly €1.5 trillion</a> ($1.6 trillion). Moreover, <a href="https://loopme.com/press_releases/us-consumers-luxury-goods/">70% of U.S. consumers make a luxury goods purchase each year</a>, driven by the trends on social media. This propels the luxury retail sector.
According to Statista, the global luxury goods market is anticipated to reach $92.98 billion by 2029, <a href="https://www.statista.com/outlook/emo/luxury-goods/worldwide">exhibiting a CAGR of 9.7%</a>. Meanwhile, Western markets like the United States and Europe benefit from the enduring appeal of established brands bolstered by a resurgence in tourism.
Luxury retail clienteling has three primary cornerstones, that is namely, relationships, personalization, and data. Many brands are <a href="https://roicallcentersolutions.com/blog/luxury-retail-clienteling-enhancing-shopping-experience/">adopting digital tools to enhance customer experiences</a>, such as personalized shopping and online exclusives. Additionally, collaborations and limited-edition releases are helping companies maintain desirability among high-income buyers.
Considering these factors, let's take a look at the fundamentals of the top three <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> stocks, beginning with the third choice.
Stock #3: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>)
RL is engaged in the design, marketing, and distribution of luxury lifestyle products internationally, including apparel, footwear &amp; accessories, home, fragrances, eyewear, fine jewelry, and hospitality. The company operates through three segments: North America; Europe; and Asia.
On December 13, demonstrating its commitment to returning value to shareholders, the company declared a quarterly dividend of $0.83 per share, payable on January 10, 2025, to shareholders of record at the close of business on December 27, 2024.
RL pays an annual dividend of $3.30, which translates to a yield of 1.45% at the current share price. Its four-year average dividend yield is 1.86%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 31.8% over the past three years.
In terms of the trailing-12-month net income margin, RL's 10.15% is 143.1% higher than the 4.17% industry average. Similarly, its 11.78% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin is 164.3% higher than the industry average of 4.46%. Also, its trailing-12-month ROCE of 28.42% compares to the industry average of 11.03%.
For the fiscal 2025 second quarter that ended on September 28, RL's net revenues increased 5.7% year-over-year to $1.73 billion, while its Asia segment's net revenue improved 9.1% from the prior year's value to $380.20 million. Its gross profit rose 8% year-over-year to $1.16 billion. Moreover, the company's net income amounted to $147.90 million, or $2.31 per share, reflecting increases of 0.7% and 5.5% year-over-year, respectively.
According to the full-year outlook, RL forecasts fiscal year 2025 constant currency revenue to be in the range of 3% to 4%.
The consensus revenue estimate of $2.01 billion for the fiscal third quarter (ending December 2024) represents a 3.9% increase year-over-year. The consensus EPS estimate of $4.50 for the same quarter indicates a 7.8% improvement year-over-year. The company has an excellent surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
RL shares have surged 64.4% over the past year and 27.3% over the past three months to close the last trading session at $227.45.
RL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
RL has an A grade for Quality and a B for Sentiment. Among the 60 stocks in the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #13. <a href="https://stocknews.com/stock/RL/">Click here</a> to see the additional RL ratings (Growth, Value, Momentum, and Stability).
Stock #2: PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>)
PVH is an international apparel company. The company operates through five segments: Tommy Hilfiger North America; Tommy Hilfiger International; Calvin Klein North America; Calvin Klein International; and Heritage Brands Wholesale. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, and sleepwear.
On October 30, the company declared a quarterly dividend of $0.0375 per share, payable to its shareholders on December 18, 2024. PVH pays an annual dividend of $0.15 per share, which translates to a yield of 0.14% on the prevailing share price. The company's dividend payouts have increased at an impressive CAGR of 58.7% over the past three years. Also, its four-year average dividend yield is 0.12%.
The stock's trailing-12-month net income margin of 8.13% is 94.8% higher than the industry average of 4.17%. Similarly, its 6.34% trailing-12-month ROTA is 63.9% above the industry average of 3.87%. Also, its trailing-12-month EBIT margin of 9.85% compares favorably to the industry average of 8.06%.
PVH's total revenue for the nine-month period (ended November 3, 2024) amounted to $5.94 billion. The company reported a non-GAAP net income of $483.60 million, indicating a 10.7% growth from the prior year period, and its non-GAAP net income per share came in at $8.48, up 21% year-over-year.
Looking ahead, PVH anticipates full-year earnings per share for fiscal year 2024 to fall between $11.20 and $11.45. The company also projects non-GAAP EPS to range from $11.55 to $11.80.
Street expects PVH's revenue for the fiscal first quarter (ending April 2025) to increase marginally year-over-year to $1.96 billion. Moreover, its EPS estimate of $2.64 for the same period indicates a 7.8% year-over-year growth.
Over the past year, the stock has surged 14.6%, closing the last trading session at $108.52.
PVH's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Value and a B for Quality. Within the same industry, it is ranked #12. <a href="https://stocknews.com/stock/PVH/">Click here</a> to see PVH's ratings for Growth, Momentum, Stability, and Sentiment.
Stock #1: Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>)
JWN is a fashion retailer offering apparel, shoes, beauty, accessories, and home goods for all ages and through various channels, Nordstrom and Nordstrom Rack stores, online platforms, and Last Chance clearance outlets.
On November 20, buoyed by strong financial performance, the company declared its quarterly dividend of $0.19 per share, payable on December 18, 2024. JWN pays an annual dividend of $0.76, which translates to a yield of 3.28% at the current share price. Its four-year average dividend yield is 2.49%.
JWN's trailing-12-month ROCE of 30.54% is 176.7% higher than their respective industry average of 11.03%. Likewise, its trailing-12-month asset turnover ratio of 1.65x is 97.6% above the industry average of 0.98x.
During the third quarter that ended on November 2, 2024, JWN's revenue increased 4.3% year-over-year to $3.46 billion. The company's adjusted EBITDA came in at $231 million, reflecting an increase of 12.7% from the prior year quarter, with an adjusted EBIT margin of 2.9% (up 50 bps year-over-year). Its adjusted EPS amounted to $0.33, reflecting an increase of 32% year-over-year. Also, JWN's free cash flow came in at $78 million versus a loss of $231 million last year.
For the full year 2024, JWN expects adjusted EBIT margin to fall between 3.6% and 4% and adjusted EPS to range from $1.75 to $2.05.
Analysts expect JWN's revenue and EPS for the current year (ending January 2025) to be $14.87 billion and $1.95, respectively. For the fiscal year 2026, its revenue and EPS are expected to grow 2.1% and 3.6% from the prior year to $15.18 billion and $2.02, respectively.
The stock has gained 33.9% over the past year and 28.9% over the past nine months to close the last trading session at $23.18.
It's no surprise that JWN has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Value and a B for Momentum and Quality. Out of 60 stocks in the Fashion &amp; Luxury industry, JWN is ranked #4.
Beyond what is stated above, we've also rated JWN for Growth, Stability, and Sentiment. Get all JWN ratings <a href="https://stocknews.com/stock/JWN/">here</a>.
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RL shares were trading at $232.92 per share on Monday afternoon, up $5.47 (+2.40%). Year-to-date, RL has gained 63.64%, versus a 29.03% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/rl-pvh-jwn-3-luxury-stocks-capitalizing-on-high-income-consumer-trends/>3 Luxury Stocks Capitalizing on High-Income Consumer Trends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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