Josh Schafer


    Josh Schafer is a reporter on the Yahoo Finance Markets team.

  • How to look beyond the 'Magnificent 7'

    More and more analysts are seeing the top-heavy S&P 500, dominated by the tech giants, and are wondering whether the best bets going forward lie somewhere else.

  • Shein, Reddit IPO moves show investors like risk again

    Companies are betting 2024 could be the year the IPO market actually rebounds.

  • Stock market bulls make case for new highs in 2024

    Many market bulls don't believe a recession in 2024 would derail stocks for the year.

  • Inflation report puts stock market rally to the test: What to know this week

    The latest reading of the Fed's preferred inflation measure will serve as the main highlight for investors in the week ahead.

  • Stock market news today: Stocks close with gains for fourth straight week

    Stocks teetered on both sides of the flat line amid a holiday-shortened session.

  • Bank of America forecasts S&P 500 to reach record 5,000 in 2024

    With companies already positioned for a slowing economy, earnings will still grow in 2024 and send the S&P 500 to a record high, according to the team at Bank of America.

  • Corporate America hasn't talked this little about recession in two years

    Corporate America is talking less about a recession, a development that is in line with economist forecasts that have revised out the likelihood of recession in the year ahead.

  • Earnings: Nvidia, Zoom, Abercrombie among winners, losers

    Major companies, including Zoom (ZM), Best Buy (BBY), Dick's Sporting Goods (DKS), Nordstrom (JWN), Abercrombie & Fitch (ANF), and most notably, Nvidia (NVDA), reported third-quarter earnings on Tuesday. Yahoo Finance spoke to experts across the industry to discuss everything investors need to know, including the winners and losers from this week's results. Nvidia (00:00:25) Nvidia reported adjusted earnings of $4.02 per share, well above the expected $3.36. Moor Insights and Strategy CEO and Chief Analyst Patrick Moorhead said, "They can name their price. And it's in a supply constrained environment. I think Nvidia could have done even better." Zoom (00:00:48) Zoom reported adjusted earnings of $1.29 per share compared to estimates of $1.10, and raised its 2024 outlook. "In our online segment, we announced 3.0% trim, which is the lowest we've ever reported," Zoom CFO Kelly Steckelberg said. "We're really excited about the progress that we're making there and look forward to ongoing stabilization in our online segment." Dick's Sporting Goods (00:01:21) Dick's Sporting Goods reported a third-quarter earnings beat and raised its full-year outlook. Wells Fargo Equity Research Analyst Will Gaertner said, "They clearly have momentum going into the holiday. We'll see what happens in the holiday, obviously the most important quarter for them." Best Buy (00:01:42) Best Buy reported a fall in comparable sales for the eighth straight quarter. Wedbush Securities Managing Director Seth Basham said, "It's simply a case of consumers spending less on big ticket discretionary items. We saw this trend accelerate after Labor Day, and Best Buy is right in the throes of that." Nordstrom (00:02:03) Nordstrom reported mixed third-quarter results, with adjusted earnings of $0.25 per share compared to estimates of $0.12. However, net sales of $3.20 billion fell short of the expected $3.36 billion. "Clearly Nordstrom sales are quite weak. A sales decline of 7% is quite weak," Morningstar Analyst David Swartz said. "So Nordstrom sales were pretty weak even compared to pretty low expectations." Abercrombie & Fitch (00:02:17) Abercrombie & Fitch reported a revenue of $1.06 billion, up 20% over the same period last year. Shares of the company are up over 211% year-to-date. Abercrombie & Fitch CEO Fran Horowitz said, "Abercrombie adults, super super exciting, the 11th consecutive quarter of growth. I think that's a testament to a lot of things. The fact that we've expanded our age cohort, we've expanded our category offerings, we're seeing success around the world." Video highlights: 00:00:03 - Yahoo Finance Reporter Josh Schafer 00:00:25 - Moor Insights and Strategy CEO and Chief Analyst Patrick Moorhead 00:00:48 - Zoom CFO Kelly Steckelberg 00:01:21 - Wells Fargo Equity Research Analyst Will Gaertner 00:01:42 - Wedbush Securities Managing Director Seth Basham 00:02:03 - Morningstar Analyst David Swartz 00:02:17 - Abercrombie & Fitch CEO Fran Horowitz

  • Stock market news today: Stocks extend gains into Thanksgiving holiday, Nvidia falls after earnings

    Stocks rose on Wednesday amid a low volume trading day as investors prepare for the market holiday on Thursday.

  • RBC joins Bank of America in calling for the S&P 500 to reach 5,000 in 2024

    RBC has joined Bank of America in calling for the S&P 500 to reach 5,000 by the end of next year.

  • Microsoft exits OpenAI drama with 'one of best possible outcomes'

    After a tumultuous few days at OpenAI Sam Altman is back as CEO and Microsoft's AI strategy remains intact.

  • Nvidia earnings crush Wall Street estimates again, company tempers China outlook

    Nvidia's latest report beat investor expectations, though received a muted reaction on Wednesday with shares falling about 1%.

  • Meme stocks are back on the move again

    Investors have piled into more speculative investments amid increasing confidence the Federal Reserve is done hiking interest rates.

  • Wall Street cheers Microsoft's 'coup' hiring Altman after OpenAI ouster, stock hits all-time high

    After a weekend of drama, Microsoft now has two of the biggest names in AI working directly for its company.

  • Nvidia results, more retail earnings: What to know this week

    Results from the stock market's 2023 darling could drive the direction of the market in the week ahead.

  • 'Soft landing' hopes drove a stock market rally. But investors shouldn't be celebrating yet.

    As investors increasingly bet on a soft landing, economists are quick to point out the risks.

  • Consumers will keep spending even as savings are depleted: Goldman

    Dwindling excess savings doesn't mean the end of consumer spending growth as long as inflation continues on its downward trajectory, according to Goldman Sachs.

  • Stock market news today: Stocks finish mixed, Walmart falls 8% after earnings disappoint

    Investors are starting to question the idea the Federal Reserve is poised to pivot away from interest rate hikes, given Americans keep spending.

  • Stock market news today: Dow leads stocks higher as oil falls, bitcoin soars

    Stocks built on gains after CPI inflation data boosted bets that the Fed is done with hiking rates and could start cutting them next year.

  • One chart shows how the 'Magnificent 7' have dominated the stock market in 2023

    New analysis from Goldman Sachs shows how a record consolidation at the top of the S&P 500 led to much of the index's 2023 gains.