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Dollar Gen

With more than 20,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or less.

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Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The Dow dropped 1.8% this week, while the S&amp;P 500 fell 0.6%, ending a three-week winning streak. Meanwhile, the Nasdaq gained 0.3%, continuing its climb, driven by optimism in tech and artificial intelligence. 
The Nasdaq 100, boosted by the Magnificent Seven, reached record highs, approaching the 22,000 mark and logging a 30% year-to-date gain. Five of the group's stocks, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), hit new highs, with their combined market value <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42492966/ai-driven-rally-pushes-tech-stocks-to-records-broadcom-enters-trillion-dollar-club-inflation-data-flashes-warning-signal-this-week-in-the-markets">surpassing $18 trillion.</a>
Inflationary pressures also persisted in November, with the Consumer Price Index rising 2.7% year-over-year, marking the second consecutive annual increase and presenting challenges for the Federal Reserve's 2% target. Shelter costs, which rose 0.3%, accounted for 40% of the monthly CPI gain, underscoring the sticky nature of inflation despite <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">earlier signs of disinflation.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42449593/tesla-stock-is-analysts-top-2025-sector-pick-elon-musks-political-involvement-will-accelerate-teslas-journey-beyond-autos">Tesla Is Analyst&#8217;s Top 2025 Stock Pick: Elon Musk Political Involvement May &#8216;Accelerate&#8217; EV Maker Beyond Autos</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as an analyst&#8217;s top automotive pick for 2025, citing Elon Musk's political influence as a catalyst for Tesla&#8217;s expansion into AI, robotics, and renewable energy beyond its core automotive business.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, shares a crypto analyst&#8217;s bullish prediction for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), targeting $3 with a potential high of $18 in a &#8220;wild&#8221; scenario, while using dips between $0.40 and $0.30 to increase holdings early in the bull cycle.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433049/microstrategy-nasdaq-100-inclusion-on-the-horizon-could-spell-59-upside-says-bernstein">MicroStrategy: Nasdaq 100 Inclusion On The Horizon Could Spell 59% Upside, Says Bernstein</a>,&#8221; by <a href="https://www.benzinga.com/author/murtuza-merchant">Murtuza Merchant</a>, highlights the significance of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) joining the Nasdaq 100. Bernstein projects the move could enhance visibility, drive $2.1 billion in ETF inflows, and support a $600 price target, underpinned by the company's Bitcoin-centric growth strategy.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42433831/bitcoin-to-200000-ethereum-to-7000-solana-to-750-in-2025-predicts-bitwise">Bitcoin To $200,000, Ethereum To $7,000, Solana To $750 In 2025, Predicts Bitwise</a>
<a href="https://www.benzinga.com/24/12/42453057/palantir-positioned-to-become-the-next-oracle-in-2025-says-dan-ives-messi-of-ai-set-for-breakout-year">Palantir Positioned To Become &#8216;The Next&#8217; Oracle In 2025, Says Dan Ives: &#8216;Messi Of AI&#8217; Set For Breakout Year</a>
<a href="https://www.benzinga.com/general/space/24/12/42412982/russell-2000-high-flyers-4-stocks-shaping-2024-with-quantum-ai-nuclear-space">Russell 2000 High Flyers: 4 Stocks Shaping 2024 With Quantum, AI, Nuclear, Space</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">Nvidia China Antitrust Probe May &#8216;Remain Unsolved&#8217; In Near Term Says Top Analyst; Investors Should Be Prepared For Increased Scrutiny</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, discusses China&#8217;s investigation into NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for potential anti-competitive practices, with TF Securities&#8217; Ming-Chi Kuo predicting limited short-term financial impact but warning of escalating scrutiny, including possible future CUDA-related probes.
&#8220;<a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">Trump To Change Dollar Stores For Good? Dollar Tree Exec Says &#8216;Prepared To Act&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) and Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) bracing for cost pressures from proposed tariffs, with Dollar Tree's CEO stating the company is ready to adapt its pricing and supply strategies.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports Goldman Sachs&#8217; downgrade of General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) to Sell, citing risks from Donald Trump&#8216;s Department of Government Efficiency&#8217;s potential Pentagon budget cuts, while Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) remain under scrutiny for valuation concerns and slowing growth.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/24/12/42452944/larry-summers-cautions-on-trumps-tariffs-and-tax-cuts-markets-are-hair-trigger-sensitive-to-inflation">Larry Summers Warns Of Nixon-Era Risks In Trump&#8217;s Term: Policies Could Trigger &#8216;Significantly Larger&#8217; Inflation</a>
<a href="https://www.benzinga.com/media/24/12/42482813/intel-cfo-hints-at-possible-division-split-as-company-struggles-to-recapture-moat">Intel CFO Hints at Possible Division Split as Company Struggles To Recapture Moat</a>
<a href="https://www.benzinga.com/markets/24/12/42430772/janet-yellen-warns-trump-tariffs-could-undermine-confidence-in-financial-markets-and-raise-american-household-costs">Janet Yellen Warns Trump Tariffs Could &#8216;Undermine Confidence In Financial Markets&#8217; And Raise American Household Costs</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls And Bears: Tesla, Nvidia, MicroStrategy, Dollar Tree, And Dogecoin Prediction Of $18 In 'Wild' Scenario

A large exercise of company stock options by Kathleen Reardon, EVP &amp; Chief People Officer at Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) was disclosed in a new SEC filing on December 11, as part of an insider exercise.
What Happened: Reardon, EVP &amp; Chief People Officer at Dollar Gen, exercised stock options for 3,583 shares of DG stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000029534/000106299324020436//Archives/edgar/data/29534/000106299324020436/0001062993-24-020436-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The exercise price of the options was $74.72 per share.
Dollar Gen shares are trading, exhibiting down of 1.46% and priced at $78.66 during Thursday's morning. This values Reardon's 3,583 shares at $14,099.
<h3>Delving into Dollar Gen's Background</h3>
With more than 20,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or less.
<h3>Unraveling the Financial Story of Dollar Gen</h3>
Revenue Growth: Dollar Gen's remarkable performance in 3 months is evident. As of 31 October, 2024, the company achieved an impressive revenue growth rate of 5.05%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 28.83%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 0.89, Dollar Gen showcases strong earnings per share.
</li>
</ul>
Debt Management: Dollar Gen's debt-to-equity ratio surpasses industry norms, standing at 2.39. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Dollar Gen's P/E ratio of 13.17 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.44, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 11.76, Dollar Gen's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000029534">Check Out The Full List Of Dollar Gen's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Options Exercise Update At Dollar Gen: Kathleen Reardon Engages

President-elect Donald Trump will name ex-Sen. David Perdue (R-Ga.) as his choice for ambassador to China, a pivotal role <a href="https://www.benzinga.com/personal-finance/24/12/42367505/economists-warn-trumps-tariffs-on-canada-mexico-and-china-could-hurt-your-budget-more-than-help-it" target="_blank" rel="noreferrer noopener">in shaping the future of U.S.-China relations</a>.
Perdue, who served in the U.S. Senate from 2015 to 2021, is known for his strong stance on China, a position that has earned him the label of &#8220;anti-China&#8221; from Chinese think tanks, BBC <a target="_blank" href="https://www.bbc.com/news/articles/cj0rj0vl4n8o" rel="noreferrer noopener">reports</a>.
The selection places Perdue at the heart of one of the most critical foreign policy challenges for the United States, as tensions with China continue to escalate, particularly over trade and military influence.
Perdue&#8217;s career is a blend of business acumen and political service. Before entering politics, he held senior executive positions at major companies, including Reebok and Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), per <a href="https://www.britannica.com/biography/David-Perdue" target="_blank" rel="noreferrer noopener">Britannica</a>, where he became known for his successful turnarounds of struggling businesses.
His corporate background has been both praised by investors and criticized by political opponents, who argue that his methods favored shareholders over the well-being of employees.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42333675/fbi-warns-of-ongoing-china-backed-telecom-hacks-heres-how-encrypted-messaging-could-be-your-last-line-of-defense" rel="noreferrer noopener">FBI Warns Of Ongoing China-Backed Telecom Hacks: Here&#8217;s Why Encrypted Messaging Could Be Your Last Line Of Defense</a>
When he first ran for the Senate, Perdue presented himself as a businessman who could bring pragmatic solutions to Washington&#8217;s complex issues.
During his time in the Senate, Perdue was vocal about the growing threat posed by China. He advocated for a stronger U.S. military, particularly the Navy, to counter China&#8217;s increasing military presence in the region.
His views align with the broader &#8220;hawkish&#8221; approach of Trump&#8217;s foreign policy team, which has taken a hard line on China&#8217;s economic practices and military expansion.
In a September essay, Perdue described China&#8217;s government as a force seeking to undermine U.S. capitalism and democracy, framing the nation as a strategic adversary, CNN <a target="_blank" href="https://www.politico.com/news/2024/12/06/trumps-china-ambassador-bad-news-beijing-00193088" rel="noreferrer noopener">reports</a>.
The Trump administration has vowed to impose tough tariffs on Chinese imports, citing the longstanding trade imbalance between the two nations.
Perdue&#8217;s appointment as ambassador is expected to play a key role in managing this delicate and potentially volatile relationship, as the U.S. looks to navigate the complex dynamics of trade, security, and diplomacy with one of its biggest global rivals.
Perdue lost his Senate seat to Democrat Jon Ossoff in 2020 and later ran unsuccessfully for governor of Georgia in 2022, challenging incumbent Republican Gov. Brian Kemp in a primary that Kemp won easily.
During his gubernatorial campaign, he echoed Trump&#8217;s false claims of electoral fraud in the 2020 election.
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Photo: Wikimedia Commons

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Trump Taps Perdue for China, Signaling More Tension with Beijing

Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) shares <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">are trading higher Friday</a> after the company reported third-quarter adjusted earnings per share of 89 cents, <a href="https://www.benzinga.com/news/earnings/24/12/42341098/dollar-general-clocks-upbeat-q3-same-store-sales-despite-hurricanes-and-financially-constrained-core-customers-tightens-annual-outlook" target="_blank" rel="noreferrer noopener">missing the consensus of 94 cents.</a>
The discount retailer&#8217;s EPS is down 29.4% year-over-year. It now expects 2024 net sales growth of approximately 4.8% to 5.1%, compared to its previous expectation of <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins" target="_blank" rel="noreferrer noopener">roughly 4.7% to 5.3%</a>.
Here are the analysts&#8217; takes on the&nbsp;earnings results:
<ul>
<li>Goldman Sachs analyst Kate McShane reiterated the Buy rating, lowering the price objective to $104 from $122.</li>
<li>Bank of America Securities analyst Robert F. Ohmes upgraded Dollar General from Underperform to Buy, with a price forecast of $95.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42369266/meta-reddit-stocks-climb-record-highs-as-tiktoks-battle-against-us-ban-continues-after-court-ruling" rel="noreferrer noopener">TikTok Loses Court Appeal Against Ban, Meta, Reddit Stocks Hit All-Time High</a>
McShane raised the fiscal year 2024 EPS estimate by 0.9% to $5.79. This reflects lower interest expenses from paying down a $750 million note.
The fiscal year 2025 and fiscal 2026 EPS estimates were lowered by 6.8% and 7.4%, respectively. This was due to higher SG&amp;A growth and expected return of incentive compensation.
Overall, the analyst notes that Dollar General saw small wins this quarter, including positive traffic, monthly comps, larger basket sizes, discretionary growth, and share gains with higher-income consumers.
Ohmes upgraded the stock, citing early success in its &#8220;Back-to-Basics&#8221; strategy, including improved inventory, higher in-stock levels, better customer satisfaction, and strong merchandising.
Ohmes also noted SKU reductions, a refreshed sorting process, and the launch of e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) products as factors supporting growth and profitability in 2025.
The analyst sees benefits from inventory rightsizing, with overall and NC inventory down 7% and 9% per store, respectively, along with plans for 2K full store and 2.25K &#8220;Project Elevate&#8221; remodels, supporting comps of 6%-8% and 3%-5%, respectively.
Price Action: DG shares are trading higher by 2.93% to $81.96&nbsp; at last check Friday.
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Image: Shutterstock

Analyst Ratings

Movers

Dollar General 'Back-To-Basics' Strategy Earns Analyst Upgrade Following Mixed Earnings

Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) reported downbeat earnings for its third <a href="https://www.benzinga.com/quote/dg/earnings">quarter on Thursday</a>.
The company posted third-quarter adjusted EPS of 89 cents, down 29.4% year-over-year, missing the consensus of 94 cents. The retail behemoth reported quarterly sales of $10.2 billion, slightly above the consensus of $10.14 billion.
&#8220;We are pleased with our team&#8217;s execution in the third quarter, particularly in light of multiple hurricanes that impacted our business,&#8221; said Todd Vasos, Dollar General&#8217;s chief executive officer. &#8220;While we continue to operate in an environment where our core customer is financially constrained, we delivered same-store sales near the top end of our expectations for the quarter.&#8221;
Dollar General updated its financial guidance, including the negative impact of hurricane-related expenses of $32.7 million in the third quarter and an estimated fourth-quarter negative impact of approximately $10 million.
The company expects 2024 net sales growth of approximately 4.8% to 5.1%, compared to its previous expectation of roughly 4.7% to 5.3%.
Dollar General shares gained 3.1% to trade at $82.03 on Friday.
These analysts made changes to their price targets on Dollar General following earnings announcement.
<ul>
<li>Truist Securities analyst Scot Ciccarelli maintained Dollar General with a Hold and lowered the price target from $94 to $83.</li>
<li>Goldman Sachs analyst Kate McShane maintained the stock with a Buy and lowered the price target from $122 to $104.</li>
<li>BMO Capital analyst Kelly Bania maintained the stock with a Market Perform and raised the price target from $80 to $84.</li>
<li>Evercore ISI Group analyst Michael Montani maintained the stock with an In-Line and increased the price target from $95 to $96</li>
</ul>
Considering buying DG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06131247/Screenshot-2024-12-06-234230-1024x440.png" alt="" class="wp-image-681123" style="width:547px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06131247/Screenshot-2024-12-06-234230-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06131247/Screenshot-2024-12-06-234230-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06131247/Screenshot-2024-12-06-234230-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06131247/Screenshot-2024-12-06-234230.png 1437w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Price Target

These Analysts Revise Their Forecasts On Dollar General Following Q3 Results

Evercore ISI Group analyst Michael Montani maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a In-Line and raises the price target from $95 to $96.

Evercore ISI Group Maintains In-Line on Dollar Gen, Raises Price Target to $96

B of A Securities analyst Koji Ikeda upgrades Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) from Underperform to Buy and maintains the price target from $95 to $95.

Upgrades

B of A Securities Upgrades Dollar Gen to Buy, Maintains Price Target to $95

BMO Capital analyst Kelly Bania maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Market Perform and raises the price target from $80 to $84.

BMO Capital Maintains Market Perform on Dollar Gen, Raises Price Target to $84

Goldman Sachs analyst Kate McShane maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Buy and lowers the price target from $122 to $104.

Goldman Sachs Maintains Buy on Dollar Gen, Lowers Price Target to $104

WIIM

Dollar General shares are trading higher. Bank of America upgraded its rating on the stock to Buy. BMO Capital also raised its price target from $80 to $84.

Truist Securities analyst Scot Ciccarelli maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Hold and lowers the price target from $94 to $83.

Truist Securities Maintains Hold on Dollar Gen, Lowers Price Target to $83

Telsey Advisory Group analyst Joseph Feldman maintains Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) with a Market Perform and lowers the price target from $90 to $88.

Telsey Advisory Group Maintains Market Perform on Dollar Gen, Lowers Price Target to $88

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday ahead of the much-awaited jobs report for November, with the Dow Jones index falling more than 200 points during the session. All three major indices notched solid gains on Wednesday, posting record closes.
Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) reported weaker-than-expected sales for the third quarter on Thursday. Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) reported third-quarter adjusted EPS of 89 cents, down 29.4% year-over-year, missing the consensus of 94 cents.
On the economic data front, U.S. initial jobless claims increased to 224,000 in the week ending Nov. 30, compared to 213,000 in the previous week, and higher than market estimates of 215,000. U.S. trade deficit shrank to $73.8 billion in October versus a revised $83.8 billion gap in the previous month and compared to market estimates of a $75 billion gap.
Most sectors on the S&amp;P 500 closed on a negative note, with industrials, materials, and healthcare stocks recording the biggest losses on Thursday. However, consumer discretionary and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 248 points to 44,765.71 on Thursday. The S&amp;P 500 fell 0.19% to 6,075.11, while the Nasdaq Composite fell 0.17% to close at 19,700.72 during Thursday's session.
Investors are awaiting earnings results from Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>), BRP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>), and Kirkland&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 55.8, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 56.9.
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: 
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<li><a href="https://www.benzinga.com/24/12/42340230/how-to-earn-500-a-month-from-microsoft-stock">How To Earn $500 A Month From Microsoft Stock</a></li>
</ul>
Photo courtesy: Shutterstock

DOOO

KIRK

Dow Takes A Breather After Record Close, Dips Over 200 Points Ahead Of Jobs Report: Fear Index Remains In 'Greed' Zone

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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</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Macro Economic Events

Mid Cap

Sector ETFs

Commodities

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

DOCU

FIVE

JETS

LULU

SNPS

TSX:XL

ULTA

VEEV

Select Sector SPDR-Consumer Discretionary

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

Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>)&nbsp;reported third-quarter adjusted EPS of $0.89, down 29.4% year-over-year, missing the <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42302071/dollar-general-dollar-tree-five-below-q3-earnings-preview-can-discount-retailers-rebound-ahead-of-holidays" rel="noreferrer noopener">consensus of $0.94</a>.
The retail behemoth reported quarterly sales of $10.2 billion, slightly above the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42335297/dollar-general-corporation-reports-third-quarter-2024-results" rel="noreferrer noopener">consensus of $10.14 billion</a>.
Sales increased 5%,&nbsp;driven by favorable sales contributions from new stores and growth in same-store sales, partially offset by the impact of store closures.&nbsp;
Same-store sales increased 1.3%, reflecting increases of 1.1% in average transaction amount and 0.3% in customer traffic. Same-store sales included growth in the consumables category, partially offset by declines in home, seasonal, and apparel categories.
"We are pleased with our team's execution in the third quarter, particularly in light of multiple hurricanes that impacted our business," said Todd Vasos, Dollar General's chief executive officer.
"While we continue to operate in an environment where our core customer is financially constrained, we delivered same-store sales near the top end of our expectations for the quarter," Vasos added.
Outlook: Dollar General has updated its financial guidance, including the negative impact of hurricane-related expenses of $32.7 million in the third quarter and an estimated fourth-quarter negative impact of approximately $10 million.
The company expects 2024 net sales growth of approximately 4.8% to 5.1%, compared to its previous expectation of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins" rel="noreferrer noopener">roughly 4.7% to 5.3%</a>.
<ul>
<li>Same-store sales growth in the range of approximately 1.1% to 1.4%, compared to its previous expectation in the range of 1.0% to 1.6%</li>
<li>Diluted EPS of approximately $5.50 to $5.90, compared to its previous expectation of approximately $5.50 to $6.20 and the consensus of $5.82.</li>
</ul>
Dollar General expects&nbsp;2,435 real estate projects in fiscal year 2024, including 730 new store openings, 1,620 remodels, and 85 store relocations.
Dollar General plans to increase real estate projects for fiscal year 2025. According to CFO Kelly Dilts, the company focuses on enhancing its stores through Project Elevate, which introduces lighter remodels for mature stores that are not yet ready for full renovations.
These updates will include customer-focused improvements, such as updated layouts and expanded product displays. Key initiatives for fiscal year 2025 include:
<ul>
<li>Opening approximately 575 new U.S. stores and up to 15 in Mexico.</li>
<li>Fully remodeling 2,000 stores.</li>
<li>Remodeling 2,250 stores as part of Project Elevate.</li>
<li>Relocating approximately 45 stores.</li>
</ul>
In total, the company plans to complete about 4,885 real estate projects.
Price Action: At the last check on Thursday, DG stock was down 3.00% to $77.12 sday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42314941">Dollar Tree Boosts Annual Outlook After Q3 Performance, Talks Family Dollar Strategic Review</a></li>
</ul>
Photo via Shutterstock

Guidance

Dollar General Clocks Upbeat Q3 Same-Store Sales Despite Hurricanes And Financially Constrained Core Customers, Tightens Annual Outlook

"We are excited about our significant increase in planned real estate projects for 2025," said Kelly Dilts, Dollar General's chief financial officer. "In particular, we are enthusiastic about Project Elevate, which introduces an incremental remodel initiative within our mature store base. This initiative is aimed at our mature stores that are not yet old enough to be part of the full remodel pipeline. We believe we will enhance the customer experience with a lighter-touch remodel, including customer-facing physical asset updates and planogram optimizations and expansions across the store. Ultimately, our goal is to further enhance the associate and customer experience in our mature stores, while also driving incremental sales growth."

Dollar General CEO Says 'We are excited about our significant increase in planned real estate projects for 2025;' Highlights 'Project Elevate'

Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) reported quarterly earnings of $0.89 per share which missed the analyst consensus estimate of $0.94 by 5.32 percent. The company reported quarterly sales of $10.20 billion which beat the analyst consensus estimate of $10.14 billion by 0.55 percent. This is a 5.22 percent increase over sales of $9.69 billion the same period last year.

Earnings Beats

Earnings Misses

Dollar Gen Q3 2024 Adj EPS $0.89 Misses $0.94 Estimate, Sales $10.20B Beat $10.14B Estimate

U.S. stocks could open on a weak note on Thursday after the <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">averages closed at a record high on Wednesday</a>. Futures of all three major indices were marginally down on Thursday, pointing to cautious sentiment on Wall Street.
The tentativeness in U.S. futures comes after Federal Reserve chair Jerome Powell tried to downplay expectations of swift rate cuts, citing a strong economy and uncertainty about inflation.
"The labor market is better, and the downside risks appear to be less in the labor market. Growth is definitely stronger than we thought, and inflation is coming [out] a little higher," Powell said during an interview at the New York Times' DealBook Summit on Wednesday.
"So, the good news is that we can afford to be a little more cautious as we try to find neutral."
However, CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows that expectations of a 25-basis-point rate cut in December stand at 74%, up from 66.5% a week ago.
On Thursday, Bitcoin surged past $103,000 for the first time, with the cryptocurrency trading at $102,407 at the time of writing, according to data from <a href="http://pro.benzinga.com">Benzinga Pro. </a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.02%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.06%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.03% to $607.46 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.10% to $522.72, 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 positive note on Wednesday, with all three major indices registering healthy gains. The Dow Jones settled above 45,000 for the first time, while the S&amp;P 500 and Nasdaq solidified their gains.
Crude oil prices edged up on Thursday ahead of OPEC+ decision on production.
Treasury yields rose after jobs data revealed private payrolls came in lower than expected.
On the economic data front, U.S. private businesses added 146K workers to their payrolls for the month of November compared to a revised 184K gain in October, versus market estimates of 150K. U.S. factory orders rose by 0.2% from the previous month to $586.7 billion in October. The ISM services PMI fell to 52.1 in November compared to 56 in October and down from market estimates of 55.5.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, materials, and financial stocks recording the biggest losses on Wednesday.
However, consumer discretionary 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>1.30%</td>
<td>19,735.12</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.61%</td>
<td>6,086.49</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.69%</td>
<td>45,014.04</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.42%</td>
<td>2,426.56</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Analysts at BlackRock Investment Institute expect American companies to register growth in the upcoming year.
"Currently, across all the scenarios in the outlook, the platform is gravitating towards the US corporate strength scenario, which is another way of calling for US exceptionalism," said BlackRock Investment Institute's chief investment strategist Wei Li at a media roundtable on Wednesday, according <a href="https://finance.yahoo.com/news/blackrock-sees-exceptionalism-powering-us-stocks-higher-in-2025-100025443.html">to</a> Yahoo Finance.
BlackRock strategists are not alone in their bullish outlook on US equities going into 2025.
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 Wells Fargo&#8217;s Christopher Harvey and his team of strategists.
Ryan Detrick, chief market strategist at Carson Group, explained why bears shouldn't bet against equities in December.
"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.
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%."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Thursday's economic calendar includes the release of initial jobless claims data for November and U.S. trade deficit data for October will be released at 8:30 a.m. ET.
Stocks In Focus:
<ul>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://www.benzinga.com/markets/equities/24/12/42333575/microstrategy-shares-rise-813-in-pre-market-as-bitcoin-surpasses-100k-driving-institutional-interest-and-490-gains-this-year">stock surged over 8%</a> in premarket trading on Thursday, while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) surged over 3% after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit the <a href="https://www.benzinga.com/24/12/42331261/bitcoin-hits-historic-100000-milestone-michael-saylor-gets-ready-for-party">much-awaited $100,000</a> mark for the first time in its history late night on Wednesday.</li>
<li>SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) stock plunged 15% in premarket trading after the company <a href="https://www.benzinga.com/news/earnings/24/12/42327667/whats-going-on-with-sentinelone-stock-after-hours">missed earnings expectations</a>.</li>
<li>Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) stock fell over 7% in premarket after the software provider's guidance missed estimates.</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) stock surged over 13% in premarket after the company raised guidance following strong Black Friday sales and a new CEO announcement.</li>
<li>Investors are awaiting earnings results from Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), and Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, gaining 0.50% to hover around $68.88 per barrel.
The 10-year Treasury note yield edged up to 4.207%.
Major Asian markets ended mixed on Thursday, while European markets were in the green in early trading.
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Photo courtesy: Wikimedia

Futures

COIN

US Stocks Likely To See Tepid Opening As Bitcoin Blasts Through $103,000: Investors Eye Jobless Claims Data While BlackRock Expects 'US Exceptionalism' To Power Earnings In 2025

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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ASAN

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CSIQ

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DOMO

GTLB

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PATH

PDCO

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WLYB

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ZUMZ

Earnings Scheduled For December 5, 2024

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Dow Jones index closing above the 45,000 level for the first time.
Shares of Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) surged around 11% on Wednesday after the company posted better-than-expected fiscal third-quarter revenue. Shares of Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) climbed around 23% after the chipmaker topped earnings expectations and issued upbeat fourth-quarter guidance.
On the economic data front, U.S. private businesses added 146K workers to their payrolls for the month of November compared to a revised 184K gain in October, versus market estimates of 150K. U.S. factory orders rose by 0.2% from the previous month to $586.7 billion in October. The ISM services PMI fell to 52.1 in November compared to 56 in October and down from market estimates of 55.5.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, materials, and financial stocks recording the biggest losses on Wednesday. However, consumer discretionary and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 309 points to 45,014.04 on Wednesday. The S&amp;P 500 rose 0.61% to 6,086.49, while the Nasdaq Composite climbed 1.30% to close at 19,735.12 during Wednesday's session.
Investors are awaiting earnings results from Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), and Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 57.1, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 56.4.
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.
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Photo courtesy: Shutterstock

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