The U.S. Dollar Hit a Three-Year Low This Week
15 minutes ago
The U.S. dollar slid to its lowest level since March 2022 on Thursday, putting the benchmark dollar index on track to post its worst first half since that year.
The dollar’s steep decline has led some market watchers to speculate that the greenback is losing its role as the global reserve currency and backbone of global finance.
However, analysts see evidence that dollar demand remains strong, and argue true global “de-dollarization” would require an unlikely shrinking of government or private balance sheets.
Read the full article here.
RH Stock Soars on Surprise Profit
58 minutes ago
Shares of RH (RH) soared in early trading Friday, a day after the high-end home furnishings retailer posted a surprise profit and announced steps to offset the effects of new tariffs.
The company formerly known as Restoration Hardware reported first-quarter adjusted earnings per share of $0.13, while analysts surveyed by Visible Alpha were looking for an adjusted loss of $0.07 per share. Revenue jumped 12% year-over-year to $814.0 million, slightly below estimates.
CEO Gary Friedman wrote in a letter to shareholders that RH was especially pleased with its performance in England and the rest of Europe.
Friedman also said that the company was maintaining its full-year guidance despite “the speculative and uncertain outcome related to tariffs and the macroeconomic environment,” including a weak housing market. Friedman explained that in response, RH was “delaying the launch of the new concept that was planned for the second half of 2025 to the Spring of 2026 when there is more certainty regarding tariffs.” In addition, the company will continue to shift sourcing out of China, and “resourced a significant portion of our upholstered furniture to our own North Carolina factory.”
Friedman noted that because the tariffs have disrupted global shipments and resourcing, it is reducing its revenue outlook by 6 percentage points in the current quarter. However, the company anticipates making that up in the second half of the year. RH sees 2025 revenue up 10% to 13%.
RH shares jumped 20% in the opening minutes of trading Friday. Even with the surge, the stock is down nearly 50% since the start of the year.
Oracle Levels to Watch After Stock’s Post-Earnings Surge
1 hr 32 min ago
Oracle (ORCL) shares soared to a record high Thursday after the enterprise software giant’s quarterly results and sales outlook sailed past Wall Street expectations.1
The company said it expects “dramatically higher” revenue growth this fiscal year, driven by strength in its cloud infrastructure segment, which is sees growing more than 70%. The bullish outlook prompted several analysts to lift their price targets, with KeyBanc analysts saying in a note to clients that Oracle’s growth projections were “stunning.”
Oracle shares jumped 13% to close Thursday at just under $200, pacing S&P 500 gainers. The stock has risen nearly 70% from its early-April low and is up 20% so far in 2025, easily outpacing the S&P 500 over those periods. The stock was down slightly in premarket trading Friday.
Oracle shares forged an inverse head and shoulders on the chart between March and May before breaking out above the pattern’s neckline earlier this month. That momentum accelerated on Thursday, with the stock staging a breakaway gap on heavy trading volume.
While the relative strength index confirms bullish price momentum, it also warns of extreme overbought conditions with a reading above 85, potentially leading to short-term profit-taking.
Bars pattern analysis forecasts a potential upside price target of $275 and indicates the trend could last until mid December. Investors should watch important support levels on Oracle’s chart around $180 and $154.
Read the full technical analysis piece here.
Futures Point to Lower Open for Major Indexes
2 hr 13 min ago
Futures tied to the Dow Jones Industrial Average were down 1%.
TradingView
S&P 500 futures also declined 1%.
TradingView
Nasdaq 100 futures dropped 1.2%.
TradingView
