PVH Option Alert: Jan 16 $60 Puts at the Bid: 1500 vs 1732 OI

PVH Option Alert: Jan 16 $60 Puts at the Bid: 1500 @ $5.5 vs 1732 OI; Ref=$75.37

PVH (NYSE:PVH) Bolsa

PVH CORP

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, about 1,400 stores, and about 1,500 shop-in-shops and concessions. The firm also licenses its brands to third parties and distributes its merchandise through department stores and other wholesale accounts. PVH traces its history to 1881 and is based in New York City.

Pre-Market Outlook

AVGO

CIEN

MongoDB lidera el aftermarket con resultados optimistas. PVH cae tras recorte de previsión. Broadcom, Ciena y Toro, bajo la lupa.

Acciones a seguir este miércoles: MongoDB, PVH, Broadcom, Ciena y Toro

Dollar Tree

Earnings

Equities

CRWD

DLTR

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: DLTR, CRWD, THO, HPE y PVH.

5 acciones en el foco este miércoles: DLTR, CRWD, THO, HPE y PVH

Looking Ahead

News

Short Ideas

Markets

Trading Ideas

GRPN

Tres acciones muestran señales de sobrecompra en el mercado: QuantaSing (RSI 96.1), PVH (RSI 73.3) y Groupon (RSI 73.2).

Acciones sobrecompradas en el sector discrecional: QuantaSing, PVH y Groupon en alerta

PVH Corp

Calvin Klein and Tommy Hilfiger parent&nbsp;PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares are trading lower after the company cut its FY25 guidance below estimates and issued second-quarter adjusted <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">EPS guidance below estimates</a>.
On Wednesday,&nbsp;PVH reported quarterly earnings of&nbsp;$2.30&nbsp;per share, which beat the analyst consensus estimate of&nbsp;$2.25.&nbsp;Quarterly revenue of $1.98 billion&nbsp;beat the <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/45782126/calvin-klein-parent-pvh-stock-drops-after-q1-report-cut-full-year-outlook" rel="noreferrer noopener">Street estimate of&nbsp;$1.93 billion</a>.
The company cut its fiscal 2026 adjusted EPS guidance from a range of&nbsp;$12.40 to $12.75 to&nbsp;a new range of $10.75 to $11, versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the&nbsp;$12.52&nbsp;analyst estimate</a>.
Telsey Advisory Group analyst Dana Telsey maintained an Outperform and $90&nbsp;price target.
The analyst writes that PVH posted a first-quarter beat, though its operating margin fell short due to gross margin pressures from an unfavorable channel mix and a promotional environment.
The analyst notes that the company reduced its FY25 earnings outlook, and the operating margin now includes incremental tariff pressure. 
Headwinds are expected to ease in the second half as the company offsets about half of the tariff impact with other strategic actions, adds the analyst.
Despite this challenging period, the analyst believes the business is building a stronger foundation for consumer engagement and marketplace execution in the long term.
Needham analyst Tom Nikic reiterated a Buy and $115&nbsp;price target.
The analyst writes that the company&#8217;s guidance cut will likely exert some selling pressure on the shares but believes the downward revision was largely already priced into the stock.
With revised numbers and an optically inexpensive valuation, Nikic still sees a favorable medium-term risk/reward, particularly due to underappreciated EPS drivers for 2026, such as GIII license takebacks, cost efficiencies, and share buybacks.
However, the analyst concedes that the &#8220;noisy&#8221; first-quarter earnings will likely temper investor enthusiasm in the near term.
Several analysts revised the price target and rating for the company <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">following the results</a>:
Wells Fargo analyst Ike Boruchow kept an Equal-Weight rating and cut the price forecast from&nbsp;$100&nbsp;to&nbsp;$80.
BMO Capital analyst Simeon Siegel maintained a Market Perform rating and lowered the price forecast from&nbsp;$93&nbsp;to&nbsp;$84.
Evercore ISI Group analyst Michael Binetti reaffirmed an Outperform and trimmed the price forecast from&nbsp;$105&nbsp;to&nbsp;$95.
PVH Price Action: PVH shares are down 16.71% at $67.35&nbsp;at publication on Thursday.
Read Next:
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Photo: Shutterstock

Analyst Color

Large Cap

Reiteration

Analyst Ratings

Movers

Why Analyst Sees Attractive Valuation For Calvin Klein Parent PVH Despite 'Noisy' Q1

U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones falling around 0.1% points on Thursday.
The Dow traded down 0.06% to 42,400.42 while the NASDAQ fell 0.40% to 19,381.93. The S&amp;P 500 also fell, dropping, 0.27% to 5,954.96.
Check This Out: <a href="https://www.benzinga.com/markets/large-cap/25/06/45744658/jim-cramer-recommends-nvidia-over-very-cheap-semiconductor-stock">Jim Cramer Recommends Nvidia Over &#8216;Very Cheap&#8217; Semiconductor Stock</a>
Leading and Lagging Sectors Communication services shares jumped by 0.4% on Thursday.
In trading on Thursday, consumer discretionary stocks fell by 1.5%.
Top Headline
Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) reported downbeat earnings for its fiscal second quarter.
The Hanover, Maryland-based company reported a quarterly revenue growth of 23.6% year-on-year to $1.13 billion, beating the analyst consensus estimate of $1.09 billion. The American telecommunications networking equipment and software services supplier reported adjusted EPS of 42 cents, missed the analyst consensus estimate of 52 cents.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>Planet Labs PBC &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) shares shot up 51% to $6.03 following a first-quarter sales beat and after the company raised its FY26 sales guidance</li>
<li>Shares of Liminatus Pharma, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) got a boost, surging 64% to $20.86 after the company announced it regained Nasdaq compliance.</li>
<li>Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) shares were also up, gaining 17% to $7.78 after the company announced it terminated its Rotech Healthcare acquisition.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares dropped 23% to $0.6829 following a first-quarter sales miss and after the company issued second-quarter sales guidance below estimates.</li>
<li>Shares of REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) were down 16% to $8.49 after the company announced new functional data from PHASE I/II Affinity Duchenne&#xAE; trial of RGX-202.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) was down, falling 17% to $66.92 after the company cut its FY25 guidance below estimates and issued second-quarter adjusted EPS guidance below estimates.</li>
</ul>
Commodities In commodity news, oil traded up 0.8% to $63.34 while gold traded down 0.8% at $3,373.80.
Silver traded up 3.1% to $35.735 on Thursday, while copper rose 0.7% to $4.9215.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.16%, while Spain's IBEX 35 Index rose 0.73%. London's FTSE 100 rose 0.11%, Germany's DAX 40 gained 0.19% and France's CAC 40 fell 0.18% during the session.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei falling 0.51%, Hong Kong's Hang Seng Index jumping 1.07%, China's Shanghai Composite gaining 0.23% and India's BSE Sensex gaining 0.55%.
Economics
<ul class="wp-block-list">
<li>Imports of goods and services into the US fell 16.3% to $351 billion during April.</li>
<li>Unit labour costs in the US nonfarm business sector rose 6.6% during the first quarter.</li>
<li>Exports of goods and services climbed 3% to $289.4 billion in April.</li>
<li>Nonfarm business sector labor productivity in the U.S. declined by 1.5% in the first quarter.</li>
<li>The U.S. trade gap shrank to $61.6 billion in April, recording the lowest level since September 2023.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45790413/lululemon-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call-2">Lululemon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>
Photo via Shutterstock

Price Target

CHPT

LIMN

RGNX

Crude Oil Moves Higher; Ciena Posts Downbeat Earnings

<h3>Gainers</h3>
<ul>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares moved upwards by 64.0% to $10.3 during Thursday's regular session. The company's market cap stands at $200.6 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares increased by 36.97% to $1.95. The market value of their outstanding shares is at $6.2 million. </li>
<li>QVC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVCGA#NASDAQ">QVCGA</a>) shares rose 28.03% to $2.9. The market value of their outstanding shares is at $23.3 million. </li>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) shares moved upwards by 19.97% to $2.04. The market value of their outstanding shares is at $40.1 million. </li>
<li>QVC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVCGP#NASDAQ">QVCGP</a>) shares moved upwards by 18.28% to $8.15. </li>
<li>51 Talk Online Education (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/COE#AMEX">COE</a>) stock increased by 16.59% to $25.65. The company's market cap stands at $146.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) stock fell 33.5% to $10.71 during Thursday's regular session. The market value of their outstanding shares is at $5.7 million. </li>
<li>BARK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) stock declined by 27.6% to $0.98. The market value of their outstanding shares is at $170.9 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) stock declined by 23.9% to $0.43. The market value of their outstanding shares is at $10.5 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) shares decreased by 19.6% to $47.6. The company's market cap stands at $33.2 million. </li>
<li>PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) stock declined by 17.74% to $66.47. The market value of their outstanding shares is at $3.6 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) stock fell 15.18% to $1.9. The market value of their outstanding shares is at $69.5 million. As per the press release, Q1 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BARK

CTNT

DLTH

JDZG

MULN

NEGG

QVCGA

QVCGP

SBET

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) shares are trading lower after the company lowered its full-year earnings outlook and issued weaker-than-expected <a href="https://www.benzinga.com/pressreleases/25/06/b45780647/pvh-corp-reports-2025-first-quarter-revenue-above-guidance-and-updates-full-year-outlook">second-quarter guidance</a>.
What To Know: The apparel giant, which owns Calvin Klein and Tommy Hilfiger, reported first-quarter adjusted earnings of $2.30 per share, slightly above the $2.25 consensus estimate. Revenue came in at $1.98 billion, ahead of the expected $1.93 billion. Tommy Hilfiger sales rose 3% year-over-year, while Calvin Klein revenue was flat. Gross margin fell to 58.6% from 61.4% a year ago and inventory climbed 19% year-over-year.
The bigger concern for investors was the company's guidance. PVH now expects second-quarter adjusted EPS between $1.85 and $2.00, well below the $2.46 estimate. The company also slashed its full-year adjusted EPS forecast to a range of $10.75 to $11.00, down from its prior range of $12.40 to $12.75 and significantly under the $12.52 consensus.
CEO Stefan Larsson acknowledged ongoing brand momentum but said PVH is still being impacted by macroeconomic uncertainty and soft consumer demand, which it hasn't yet been able to fully offset. The lowered outlook sparked a sharp selloff in the stock, as investors reacted to signs of slowing profit growth despite resilient top-line performance.
PVH Price Action: PVH shares were down 18.2% at $66.11 at the time of writing, according to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">Benzinga Pro.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">Silver Hits 12-Year High: Peter Schiff Says Rally&#8217;s Just Starting </a></li>
</ul>
Image Via Shutterstock.

PVH Stock Plunges After Cutting Full-Year Guidance Despite Q1 Beat

All three major U.S. indices were in the green in Thursday&#8217;s midday trading, reversing earlier losses after President Donald Trump said that he held a &#8220;very good phone call&#8221; with China&#8217;s President Xi Jinping and more trade talks with Beijing <a href="https://www.benzinga.com/markets/equities/25/06/45787817/us-stocks-likely-to-open-on-a-mixed-note-after-dow-snaps-four-day-run-powell-and-the-fed-are-doing-the-right-thing-holding-rates-says-expert">will take place &#8220;shortly.&#8221;</a>
The S&amp;P 500 rose 0.42%, while the Nasdaq Composite gained about 0.7% and the Dow Jones Industrial Average was up 0.27%. 
The job market showed more signs of softening with initial jobless claims in the U.S. rising to 247,000, up from the previous week's revised figure of 239,000 and defying expectations for a decline, according to Trading Economics. On Wednesday, a disappointing private sector payrolls report showed only 37,000 jobs were added in May, well below forecasts.
Read Next:<a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says?utm_source=articleShare"> Elon Musk&#8217;s Optimus Could Herald The Biggest Industry In History, Billionaire Investor Marc Andreessen Says</a>
The softer-than-expected labor reports have heightened anticipation for Friday's non-farm payrolls release. Economists expect a gain of 125,000 jobs for May, which would be 52,000 fewer than the previous month.
In commodities, silver futures surged 4% to trade above $36 <a href="https://www.benzinga.com/markets/commodities/25/06/45792880/silver-hits-12-year-high-peter-schiff-says-rallys-just-starting">per troy ounce </a>as weak economic data and a dovish Federal Reserve outlook fueled safe-haven demand ahead of Friday's non-farm payrolls report. Silver has since retreated to $35.33, but remains up by more than 20% year-to-date. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back to $104,491 midday after nearly touching $106,000 earlier in the session. 
According to Benzinga Pro data:
<ul class="wp-block-list">
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.29% to $597.60.&nbsp;</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.28% at $426.06.&nbsp;</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.47% to $531.24.&nbsp;</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) climbed 0.61% to $209.72. </li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) dipped 0.34% to $214.05.&nbsp;</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.33% to $82.23.&nbsp;</li>
</ul>
Thursday's Stock Movers:&nbsp;
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45795638/tesla-stock-slumps-amid-political-turmoil-whats-going-on">sank on Thursday </a>as political tensions and ongoing concerns about international sales performance weighed on the stock. CEO&nbsp;Elon Musk&#8217;s&nbsp;public feud with President&nbsp;Trump&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45789663/tesla-stock-tumbles-nearly-3-in-pre-market-as-elon-musk-continues-intense-attack-on-trumps-big-beautiful-bill">intensified</a>, with Musk urging Americans to oppose Trump&#8217;s latest bill and calling it a threat to the U.S. economy.
Stocks reacting to company earnings reports included:&nbsp;
<ul class="wp-block-list">
<li>Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) </li>
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) </li>
<li>PVH, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) </li>
<li>Bark, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) </li>
<li>Planet Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>)</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) </li>
<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>)</li>
</ul>
Companies reporting after Thursday's closing bell include:&nbsp;
<ul class="wp-block-list">
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>)</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>)</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>)</li>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>)</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>)</li>
<li>Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>)</li>
</ul>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb?utm_source=articleShare">&#8216;Whatever You Think Of Elon Musk, You Must Support His Fight Against The Big Beautiful Bill,&#8217; Says &#8216;Black Swan&#8217; Author Nassim Taleb</a></li>
</ul>
Image: Shutterstock

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Tech

ETFs

$BTC

BRZE

SPDR Dow Jones Industrial Average ETF Trust

DOCU

FIVE

LULU

MOMO

RBRK

RENT

TSLA

WOOF

Select Sector SPDR-Consumer Discretionary

Trump Announces China Trade Talks, Tesla Stock Slumps: What's Driving Markets Thursday?

BMO Capital analyst Simeon Siegel maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Market Perform and lowers the price target from $93 to $84.

BMO Capital Maintains Market Perform on PVH, Lowers Price Target to $84

Evercore ISI Group analyst Michael Binetti maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Outperform and lowers the price target from $105 to $95.

Evercore ISI Group Maintains Outperform on PVH, Lowers Price Target to $95

PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) and Herman Kay-Mystic LLC ("Herman Kay") today announced a new licensing agreement of select wholesale men's and women's outerwear under the Calvin Klein and TOMMY HILFIGER brands in the U.S. and Canada, which is expected to launch in Spring 2026.
PVH has a large and diversified global licensing business, which is a key competitive advantage globally. Through the multiyear takeback of its licensed women's wholesale business in North America, PVH will directly operate the key lifestyle expression of Calvin Klein and TOMMY HILFIGER through the world of underwear, sportswear, and jeans, which create the halo for the brands' expression and price position in wholesale. PVH will also partner with key experts for certain wholesale category businesses where the partner can provide deep category and channel expertise. The approach supports the company's long-term, brand-building growth strategy, the PVH+ Plan, and drives further scale in the marketplace.

PVH And Herman Kay-Mystic Announce New Licensing Agreement Of Select Outerwear Under Calvin Klein And TOMMY HILFIGER Brands In U.S. And Canada

U.S. stocks traded lower this morning, with the Dow Jones dipping more than 100 points on Thursday.
The Dow traded down 0.33% to 42,287.54 while the NASDAQ fell 0.22% to 19,418.54. The S&amp;P 500 also fell, dropping, 0.25% to 5,955.78.
Check This Out: <a href="https://www.benzinga.com/markets/large-cap/25/06/45744658/jim-cramer-recommends-nvidia-over-very-cheap-semiconductor-stock">Jim Cramer Recommends Nvidia Over &#8216;Very Cheap&#8217; Semiconductor Stock</a>
Leading and Lagging Sectors Communication services shares jumped by 0.3% on Thursday.
In trading on Thursday, consumer staples stocks fell by 1%.
Top Headline
U.S. initial jobless claims increased by 8,000 to 247,000 in the week ending May 31, compared to the revised reading of 239,000 and versus market estimates of 235,000.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>Planet Labs PBC &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) shares shot up 52% to $6.11 r following a first-quarter sales beat and after the company raised its FY26 sales guidance</li>
<li>Shares of Liminatus Pharma, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) got a boost, surging 33% to $16.84 after the company announced it regained Nasdaq compliance.</li>
<li>Reitar Logtech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RITR#NASDAQ">RITR</a>) shares were also up, gaining 22% to $6.47. Reitar Logtech Holdings recentlu announced a $1.5 billion Bitcoin acquisition plan.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares dropped 22% to $0.6914 following a first-quarter sales miss and after the company issued second-quarter sales guidance below estimates.</li>
<li>Shares of REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) were down 19% to $8.20 after the company announced new functional data from PHASE I/II Affinity Duchenne&#xAE; trial of RGX-202.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) was down, falling 19% to $65.53 after the company cut its FY25 guidance below estimates and issued second-quarter adjusted EPS guidance below estimates.</li>
</ul>
Commodities In commodity news, oil traded up 1.2% to $63.62 while gold traded up 0.1% at $3,401.80.
Silver traded up 4% to $36.040 on Thursday, while copper rose 2.3% to $5.0000.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 fell 0.2%, while Spain's IBEX 35 Index rose 0.33%. London's FTSE 100 fell 0.2%, Germany's DAX 40 declined 0.1% and France's CAC 40 fell 0.5% during the session.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei falling 0.51%, Hong Kong's Hang Seng Index jumping 1.07%, China's Shanghai Composite gaining 0.23% and India's BSE Sensex gaining 0.55%.
Economics
<ul class="wp-block-list">
<li>Imports of goods and services into the US fell 16.3% to $351 billion during April.</li>
<li>Unit labour costs in the US nonfarm business sector rose 6.6% during the first quarter.</li>
<li>Exports of goods and services climbed 3% to $289.4 billion in April.</li>
<li>Nonfarm business sector labor productivity in the U.S. declined by 1.5% in the first quarter.</li>
<li>The U.S. trade gap shrank to $61.6 billion in April, recording the lowest level since September 2023.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45790413/lululemon-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call-2">Lululemon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>

Eurozone

Intraday Update

RITR

Dow Dips Over 100 Points; US Jobless Claims Increase

Wells Fargo analyst Ike Boruchow maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Equal-Weight and lowers the price target from $100 to $80.

Wells Fargo Maintains Equal-Weight on PVH, Lowers Price Target to $80

WIIM

PVH shares are trading lower after the company cut its FY25 guidance below estimates and issued Q2 adjusted EPS guidance below estimates.

U.S. stock futures were flat this morning, with the Dow futures gaining around 0.1% on Thursday.
Shares of PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/PVH/earnings">first-quarter results</a>.
PVH posted upbeat earnings for the first quarter, but cut its fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate.
PVH shares dipped 8.1% to $74.17 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) fell 21.6% to $12.60 in pre-market trading. Mullen Automotive shares jumped 199% on Wednesday after the company announced it entered into securities purchase agreements following its 1-for-100 reverse stock split.</li>
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares tumbled 14% to $0.7620 in pre-market trading after the company reported worse-than-expected first-quarter sales results and issued second-quarter sales guidance below estimates.</li>
<li>BitFuFu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUFU#NASDAQ">FUFU</a>) dipped 12.8% to $3.1800 in pre-market trading following downbeat quarterly results.</li>
<li>Chagee Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHA#NASDAQ">CHA</a>) fell 8.1% to $32.25 in today's pre-market trading after jumping 15% on Wednesday.</li>
<li>Life Time Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTH#NYSE">LTH</a>) declined 5% to $28.38 in pre-market trading as the company announced the commencement of secondary offering of 20,000,000 shares of common stock.</li>
<li>TELUS International (Cda) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) declined 3.6% to $2.95 in pre-market trading.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) slipped 2.5% to $46.09 in pre-market trading.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45767953/jim-cramer-arrowhead-pharmaceuticals-doesnt-have-the-horses">Jim Cramer: Arrowhead Pharmaceuticals Doesn&#8217;t &#8216;Have The Horses&#8217;</a> </li>
</ul>
Photo via Shutterstock

CHWY

FUFU

TIXT

PVH Cuts Earnings Outlook, Joins ChargePoint, BitFuFu And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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 $90 price target.

Telsey Advisory Group Maintains Outperform on PVH, Maintains $90 Price Target

Shares of MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose sharply in today's pre-market trading reported better-than-expected first-quarter financial results for fiscal 2026 after the market <a href="https://www.benzinga.com/quote/MDB/earnings">closed on Wednesday</a>.
MongoDB raised its outlook for fiscal 2026. The company said it now expects full-year revenue of $2.25 billion to $2.29 billion, up from prior guidance of $2.24 billion to $2.28 billion. MongoDB expects full-year adjusted earnings to be between $2.94 and $3.12 per share, up from a previous forecast of $2.44 to $2.62 per share
MongoDB shares jumped 16.6% to $232.78 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>MKDWELL Tech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) shares jumped 232% to $1.06 in pre-market trading after gaining 6% on Wednesday.</li>
<li>Ctrl Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCTR#NASDAQ">MCTR</a>) surged 99.9% to $30.79 in pre-market trading after dipping 53% on Wednesday.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) jumped 54.4% to $19.64 in pre-market trading after jumping 133% on Wednesday.</li>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) rose 48.5% to $2.11 in pre-market trading. Cheetah Net Supply Chain recently reported worse-than-expected first-quarter EPS results..</li>
<li>Planet Labs PBC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PL#NASDAQ">PL</a>) surged 23.7% to $4.96 in pre-market trading after the company reported a second-quarter sales beat and raised its FY26 sales guidance.</li>
<li>IperionX Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>) gained 22.9% to $30.01 in pre-market trading after gaining 6% on Wednesday.</li>
<li>Verint Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) climbed 20.5% to $22.10 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued FY26 adjusted EPS guidance above estimates.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) gained 14.4% to $0.6526 in pre-market trading after gaining 15% on Wednesday.</li>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) rose 12.4% to $0.9100 in pre-market trading after the company announced an agreement to sell its Diamond Power International Business.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) shares dipped 80.1% to $0.65 in pre-market trading after the company announced the pricing of $9.1 million public offering.</li>
<li>Cibus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBUS#NASDAQ">CBUS</a>) shares fell 21.6% to $1.85 in pre-market trading after the company announced a proposed public offering.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) fell 21.6% to $12.60 in pre-market trading. Mullen Automotive shares jumped 199% on Wednesday after the company announced it entered into securities purchase agreements following its 1-for-100 reverse stock split.</li>
<li>Nyxoah SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYXH#NASDAQ">NYXH</a>) fell 15.8% to $6.50 in pre-market trading.</li>
<li>ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) shares tumbled 14% to $0.7620 in pre-market trading after the company reported worse-than-expected first-quarter sales results and issued second-quarter sales guidance below estimates.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares fell 12.4% to $1.13 in pre-market trading.</li>
<li>BARK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BARK#NYSE">BARK</a>) declined 11.8% to $1.19 in pre-market trading after the company reported a fourth-quarter sales miss.</li>
<li>Kairos Pharma, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAPA#NYSE">KAPA</a>) fell 11.8% to $0.4590 in pre-market trading. The company recently presented data on its GITR ligand agonist KROS101 at ASCO 2025.</li>
<li>Chagee Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHA#NASDAQ">CHA</a>) fell 8.1% to $32.25 in today's pre-market trading after jumping 15% on Wednesday.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) dipped 8.1% to $74.17 in pre-market trading. PVH posted upbeat earnings for the first quarter, but cut its fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45767953/jim-cramer-arrowhead-pharmaceuticals-doesnt-have-the-horses">Jim Cramer: Arrowhead Pharmaceuticals Doesn&#8217;t &#8216;Have The Horses&#8217;</a> </li>
</ul>
Photo via Shutterstock

CBUS

HSDT

KAPA

MBIO

MCTR

MKDW

NYXH

SILO

VRNT

Why MongoDB Shares Are Trading Higher By Over 16%; Here Are 20 Stocks Moving Premarket

Needham analyst Tom Nikic reiterates PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Buy and maintains $115 price target.

Needham Reiterates Buy on PVH, Maintains $115 Price Target

U.S. stock futures were flat on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were mixed in premarket.
The tepid move followed ADP data showing that the <a href="https://www.benzinga.com/markets/economic-data/25/06/45768817/us-private-sector-hiring-slows-the-most-in-2-years-powell-must-now-lower-the-rate-trump-says">private payroll additions tumbled</a> in May as weak consumer sentiment and trade policy uncertainty weighed on hiring. 
"ADP number out!!! &#8216;Too Late&#8217; Powell must now lower the rate. He is unbelievable!!! Europe has lowered nine times!" Donald Trump wrote on Truth Social shortly after the release.
Meanwhile, the 10-year Treasury bond yielded 4.35% and the two-year bond was at 3.87%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 95.6% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.14%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.05%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.01%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.15%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.12% at $596.66, while the QQQ advanced 0.10% to $529.30, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks settled mixed on Wednesday, with the Dow Jones index snapping a four-session winning streak.
Most S&amp;P 500 sectors ended positively on Wednesday, with communication services, materials, and real estate stocks leading the gains on Wednesday.
However, energy and utilities stocks underperformed, closing the session in the red.
Yext Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) shares soared over 31% after the company raised its FY26 adjusted EPS guidance above estimates. Dollar Tree Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>) shares fell over 8% following its first-quarter results.
On the economic data front, the ISM services PMI dropped to 49.9 in May from 51.6 the prior month, missing market expectations of 52. U.S. private businesses added 37K workers to payrolls in May, down from a revised 60K in the previous month.
The Dow Jones index ended 92 points or 0.22% lower at 42,427.74, whereas the S&amp;P 500 index rose 0.0074% to 5,970.81. Nasdaq Composite advanced 0.32% to 19,460.49, and the small-cap gauge, Russell 2000, gained 0.21% to end at 2,098.48.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.32%</td>
<td>19,460.49</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.0074%</td>
<td>5,970.81</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.22%</td>
<td>42,427.74</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.21%</td>
<td>2,098.48</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ross Gerber, CEO of Gerber Kawasaki Wealth &amp; Investment Management, <a href="https://www.benzinga.com/news/politics/25/06/45785484/trump-cant-demand-lower-rates-while-creating-inflation-with-tariffs-and-money-printing-says-ross-gerber-backs-feds-patience">backed the Federal Reserve's choice</a> to maintain interest rates, while strongly condemning President Trump's trade and tariff strategies, as well as the fiscal expansion fueling inflation. 
In a Wednesday post on X, Gerber stated that Federal Reserve Chair Jerome Powell was "doing the right thing" by keeping interest rates unchanged, awaiting a clearer picture of Trump's tariff effects.
Gerber contends that if Trump desires lower interest rates, he should steer clear of inflation-driving policies like the inflationary tariff approach and the "One Big, Beautiful Bill," which will likely increase the fiscal deficit and national debt.
The GOP bill, which narrowly passed the House in May, includes significant tax cuts paired with heightened spending on defense, manufacturing, and infrastructure.
"If Trump wants lower rates, then he should stop working on creating inflation through vast amounts of money printing," he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Powell and the Fed are doing the right thing holding rates while waiting to see the damage caused by trumps tariffs. If Trump wants lower rates then he should stop working on creating inflation through vast amounts of money printing.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1930303657406542235?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Louis Navellier of Navellier &amp; Associates said that tariff negotiations with China were &#8220;hitting an impasse,&#8221; thus he added &#8220;a call between President Xi Jinping and President Trump may be imminent.&#8221;
Contrary to Gerber&#8217;s view, Navellier said that &#8220;The Fed has said inflation is its main priority, but a weak payroll report could cause the Fed to key interest rates sooner rather than later.&#8221;
Meanwhile, Adam Turnquist, the chief technical strategist at LPL Financial, <a href="https://www.benzinga.com/markets/equities/25/06/45787192/nasdaq-100s-premium-valuation-is-easier-to-digest-as-growth-optimism-surges-for-2026-momentum-remains-bullish">hinted in his technical analysis</a> that it was "easier to digest" the Nasdaq 100 index's premium valuation given the growth optimism for 2025 and 2026. 
&#8220;A jump in expected operating margins from 18.0% in 2024 to 23.8% in 2025 and 25.6% in 2026 makes the premium valuation easier to digest (along with the AI-themed tailwinds)," explained Turnquist.
From a technical perspective, Turnquist suggests that the index's "Momentum remains bullish after the recent reset from overbought levels." The Nasdaq 100 has rallied out of a bear market in less than two months.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul class="wp-block-list">
<li>The initial jobless claims data for the week ended May 31, April U.S. trade deficit, and first quarter&#8217;s U.S. productivity data will be out by 8:30 a.m. ET.</li>
<li>Federal Reserve Governor Adriana Kugler will speak at noon, and Philadelphia Fed President Patrick Harker will speak at 1:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 3.41% in premarket on Tuesday as analysts expect it to report quarterly earnings of 52 cents per share on revenue of $1.09 billion, before the opening bell.</li>
<li>Toro Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) declined 1.43% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.39 per share on revenue of $1.35 billion.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was up 0.70% as analysts expect it to report quarterly earnings of $1.56 per share on revenue of $14.99 billion, after the closing bell.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) dropped 8.86% after it cut fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate.</li>
<li>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) jumped 15.16% after it reported better-than-expected first-quarter financial results for fiscal 2026 after the market closed on Wednesday. It also raised its outlook for fiscal 2026.</li>
<li>Mullen Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) fell 18.01% after it announced that it entered into securities purchase agreements following its 1-for-100 reverse stock split on Wednesday.</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) gained 5.39% after it beat analyst estimates on the top and bottom lines in the first quarter.</li>
<li>ChargePoint Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) was 12.92% lower after it reported losses of six cents per share, which met the analyst consensus estimate. Quarterly revenue comes in at $97.64 million, which missed the Street estimate of $100.53 million.</li>
<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) surged 19.05% after its first-quarter revenue came in at $66.27 million, beating the $62.3 million Street estimate. The company sees second-quarter revenue in a range of $65 million to $67 million, versus the $65.19 million estimate.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.38% to hover around $63.09 per barrel.
Gold Spot US Dollar rose 0.30% to hover around $3,382.45 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.07% at the 98.8540 level.
Asian markets were mixed on Thursday as Japan's Nikkei 225 and Australia's ASX 200 indices fell. While India's S&amp;P BSE Sensex, South Korea's Kospi, China&#8217;s CSI 300, and Hong Kong's Hang Seng indices advanced. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45786854/magnificent-7-drive-54-of-market-cap-gains-in-sp-500-since-april-lows-the-market-cannot-survive-without-big-tech">Magnificent 7 Drive 54% Of Market Cap Gains In S&amp;P 500 Since April Lows: &#8216;The Market Cannot Survive Without Big Tech&#8217; </a></li>
</ul>
Photo courtesy: Shutterstock

YEXT

US Stocks Likely To Open On A Mixed Note After Dow Snaps Four-Day Run: 'Powell And The Fed Are Doing The Right Thing Holding Rates,' Says Expert

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) to report quarterly earnings at 52 cents per share on revenue of $1.09 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Ciena shares gained 2% to $85.58 in after-hours trading.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) posted upbeat earnings for the first quarter, but cut its fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate. PVH shares dipped 7.4% to $74.82 in the after-hours trading session.</li>
<li>Analysts expect The Toro Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) to report quarterly earnings of $1.39 per share on revenue of $1.35 billion. The company will release earnings before the markets open. Toro shares fell 0.8% to $75.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
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<li>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) reported better-than-expected first-quarter financial results for fiscal 2026 after the market closed on Wednesday. MongoDB raised its outlook for fiscal 2026. The company said it now expects full-year revenue of $2.25 billion to $2.29 billion, up from prior guidance of $2.24 billion to $2.28 billion. MongoDB expects full-year adjusted earnings to be between $2.94 and $3.12 per share, up from a previous forecast of $2.44 to $2.62 per share. MongoDB shares jumped 14.6% to $228.89 in the after-hours trading session.</li>
<li>Analysts expect Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) to post quarterly earnings at $1.56 per share on revenue of $14.99 billion after the closing bell. Broadcom shares rose 0.1% to $261.21 in after-hours trading.</li>
</ul>
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Photo courtesy: Casimiro PT / Shutterstock.com

Ciena, PVH And 3 Stocks To Watch Heading Into Thursday

Calvin Klein and Tommy Hilfiger parent PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) released its first-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/25/06/b45780647/pvh-corp-reports-2025-first-quarter-revenue-above-guidance-and-updates-full-year-outlook">details from the report. </a>
The Details: PVH reported quarterly earnings of $2.30 per share, which beat the analyst consensus estimate of $2.25. Quarterly revenue of $1.98 billion beat the Street estimate of $1.93 billion.
Read Next: <a href="https://www.benzinga.com/markets/tech/25/06/45774499/elon-musks-optimus-could-herald-the-biggest-industry-in-history-billionaire-investor-marc-andreessen-says?utm_source=articleShare">Elon Musk&#8217;s Optimus Could Herald The Biggest Industry In History, Billionaire Investor Marc Andreessen Says</a>
For the first quarter, PVH reported:
<ul class="wp-block-list">
<li>Tommy Hilfiger&nbsp;revenue increased 3% compared to the prior year period (increased 3% on a constant currency basis) driven by growth in EMEA and Americas.</li>
<li>Calvin Klein&nbsp;revenue was flat compared to the prior year period (flat on a constant currency basis).</li>
<li>Inventory&nbsp;increased 19% compared to the prior year period. </li>
<li>Gross margin&nbsp;was 58.6% compared to 61.4% in the prior year period.</li>
</ul>
&#8220;In Q1, we continued to tap into the global consumer love for Calvin Klein and Tommy Hilfiger, delivering revenue growth versus last year and ahead of guidance. Calvin Klein saw one of its most impactful product launches in years with the Icon Cotton Stretch franchise, amplified by the viral Bad Bunny campaign,&#8221; CEO Stefan Larsson said.
Outlook: PVH sees second-quarter adjusted EPS of $1.85 to $2, versus the $2.46 analyst estimate. The company cut its fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate.
&#8220;While we are making important progress in our PVH+ Plan execution, we are navigating an increasingly uncertain consumer and macroeconomic backdrop — and given where we are on our brand-building journey, we&#8217;re not yet fully able to offset that impact,&#8221; Larsson said.
PVH Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, PVH stock was down 6.01% at $75.95 in Wednesday's extended trading. 
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Image: Shutterstock

After-Hours Center

Calvin Klein Parent PVH Stock Drops After Q1 Report, Cut Full-Year Outlook

PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) is looking for Q2 Adj EPS of $1.85-2.00 vs $2.46 analyst estimate..

Guidance

PVH Sees Q2 Adj EPS $1.85-2.00 vs $2.46 Est

PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) lowers FY2025 Adj EPS guidance from $12.40-12.75 to $10.75-11.00 vs $12.52 analyst estimate..

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