The home improvement retail giant also lowered its projection on  full-year earnings. Earnings for the three months ending in April came in at $1.22 per share, weaker than the Street consensus expectations of $1.33 per share.They were, however, +2.5% higher from the year-ago period. The company's total revenue increased +2.2% year-over-year to $17.7 billion in the quarter, edging past analysts' estimates of $17.48 billion.

Analyst Rafe Jadrosich also upped his price target to $180 from $150. In a note to investors, Jadrosich mentioned earnings per share growth opportunity from Decker’s share buybacks, and low-to-mid single digit revenue growth (largely driven by the company’s HOKA brand) as factors behind the analyst’s optimism.According to the analyst, HOKA is expected to grow +40% in fiscal year 2019, thanks to new product offerings and market share gains in the running specialty segment.  Jadrosich  believes that gross margin of Decker’s brand UGG could be at its peak, and that there is operating margin opportunity from cost savings and improving HOKA margins.

That includes $45 per share in cash – which represents a +47% premium over Circor stock’s Monday closing price of $30.66. According to Crane, it had earlier proposed the all-cash deal to Circor President and CEO Scott Buckhout on April 30, but got rejected by the company's board.But now, Crane has brought out its latest offer to Circor shareholders as well, hoping that they would convey their thoughts on it directly to the Circor Board (as indicated by Max Mitchell, Crane's president and CEO, in a statement). Crane has Wells Fargo Securities as its financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP as its legal advisor foe the deal.  

Intuit is expected to release its fiscal third-quarter 2019 results on May 23. The business and financial software company's own projection on the quarter's non-GAAP earnings ranges between $5.35 and $5.40 per share.According to Zacks Consensus Estimate, the figure is expected to be $5.41 - reflecting a potential +12.24% year-over-year growth. While Intuit expects year-over-year revenue growth for the quarter to come in the range of +10-12%, the Zacks Consensus Estimate suggests +10.61%. A key factor believed to be bolstering Intuit’s growth is its Quickbooks Online business.

The escalating trade war between China and the U.S. could increase pressure on the overall economy, according to Boston Fed President Eric Rosengren. The central bank official said in prepared remarks Tuesday that the ongoing conflict between the world’s largest economies is a “prominent downside risk,” and added that it seems to be an “important reason for policymaker patience until this source of uncertainty is more resolved.”

Tesla shares are careening out of control this year. The electric car maker has skidded nearly 40% in 2019, tracking for its worst annual performance ever.The stock tumbled again Tuesday after Morgan Stanley slashed its bear case to $10 a share, down from $97, on concerns about increased debt and exposure to China.

Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates. Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position.

Over 170 shoe retailers including major ones like Nike (NKE), Under Armour (UAA), Adidas, Foot Locker (FL), Ugg, and Off Broadway Shoe Warehouse have sent a letter requesting President Donald Trump to consider removing the additional tariff on footwear imported from China. The request follows the release of a fresh list of about $300 billion in Chinese goods on which 25% tariff would be added if Trump decides to prolong the U.S.-China trade dispute.The list includes every aspect of footwear-from sneakers to sandals, golf shoes, rain boots, and ski shoes. The Footwear Distributors and Retailers of America (FDRA) has estimated a loss of more than $7 billion each year for the shoe industry if the tariffs are imposed and continued. According to FDRA, a popular type of canvas “skate” sneaker, currently retailing for $49.99, with a 25% tariff, could increase to $65.57.

Shares of Sprint plunged sharply on Monday and were even interrupted for a brief period following conflicting messages from regulators regarding the company’s projected merger with T-Mobile. Initially, the companies committed to helping the mobile broadband in rural America expand faster and hence the recommended approval came by the Federal Communications Commission of the $26.5 billion merger.Following the news, Sprint’s shares jumped about 27% and T-Mobile’s shares popped almost 7%. But soon after, the said companies received discouraging messages from the Department of Justice (DoJ) over antitrust issues that could potentially threaten the merger.

However, there are good reasons to hope that it may not be the case and the companies have managed to carve out a decent quarter in terms of sales. One of the primary reasons for the optimism about TJX and Ross’s quarterly results is their consistency.TJX too averaged 4% comp-sales growth over the period gaining 6% in 2018, 2% in 2017, and 5% in 2016. Another reason is that both the companies have a conservative approach towards forecasts and in most cases, they exceed those forecasts.

Merck & Co Inc says it is buying Peloton Therapeutics Inc for $1.05 billion in cash plus $1.15 billion in additional payments based on how the company's drugs fare once they are further developed.The purchase will give it access to the privately held company’s lead kidney cancer drug candidate.  Peloton had said earlier this month that it was planning to raise up to $159.4 million in an initial public offering.

home sales fell for a second straight month in April due to weak sales in the lower-priced segment of the market. Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago.  That was the 14th straight year-on-year decrease in home sales. 

Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump’s claim that his tariffs are causing companies to move production away from the world’s second largest economy.

Apple Inc., Dell Technologies Inc. and two other U.S. technology companies are set to give up their preferred shares in Japanese chip maker Toshiba Memory Holdings Corp. for more than $4 billion under a refinancing plan, according to people familiar with the plan.

Major automakers have announced a slew of investments in the United States since President Donald Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs.

Tesla’s stock and bonds tumbled on Monday as investors worried about the automaker’s cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker’s future.

Activision Blizzard (ATVI -5%) is lower today after a weekend article points to some disarray on the company's key Call of Duty franchise.

Pershing Square Holdings, the hedge fund led by the billionaire Bill Ackman, delivered a strong performance in the first quarter of 2019.Its digital sales doubled y-o-y to almost 16% of overall sales coupled by a strong delivery strategy that has further increased sales and improved margins. The hedge fund thinks that Chipotle is on a path to transformation that will expand its footprint and astounding growth in sales and profits in the future. Restaurant Brands was the second best performer of the fund whose unit count expanded by more than 5% and EBITDA grew by 6%. On the other hand, Starbucks grew 7% in Q1 opening another 30,000 stores globally.

One of the reasons is Amazon’s investment in the loss making London-based Deliveroo which operates in nearly 500 European and Asian cities. On Friday Deliveroo announced that it has raised $575 million from investors led by Amazon, which is being currently valued at $940 billion.In 2017, payment for cyclists and moped drivers accounted almost 4/5th of Deliveroo’s £277 million sales.

They are now being relocated to Dubai or to the main camp housing foreign oil company employees in Basra province. Officials at the embassy have, however, confirmed that there is no such imminent threat and the company has confirmed that its operations are normal and stable as before with the oilfield running at full capacity and producing 440,000 barrels per day. According to the company, the evacuation was a precautionary measure and hasn’t impacted production in any way as the foreign engineers were mainly stationed as advisors.Operations are primarily being overseen and managed by Iraqi engineers. Exxon’s staff were evacuated in several phases on late Friday and also on early Saturday, and they were stationed either straight to Dubai or to the main camp housing foreign oil company employees in Basra province. The said threat is perceived following rising tensions between Iran and Washington which anticipate a potential U.S-Iran conflict.