Ferguson Enterprises reported Q4 FY25 earnings that beat consensus estimates, with adjusted operating profit increasing 13.8% Y/Y to $625 million. While residential revenue declined 2% Y/Y due to weak housing markets, non-residential revenue grew 10% driven by strong execution and capital projects. The company projects 2026 net sales growth in low to mid-single digits with adjusted operating margins of 9.4%-9.8%.

U.S. stock futures rose ahead of the Federal Reserve's two-day meeting, with investors anticipating potential interest rate cuts. The market showed mixed performance, with Communication Services and Technology sectors leading gains, while the FOMC's decision on Wednesday is a key focus.

Several large-cap stocks saw significant gains last week, with AST SpaceMobile surging 35.2% amid the Elon Musk-Trump clash, and Venture Global jumping 31.6% due to positive developments in the commodity market.

Ferguson Enterprises reported Q2 results with sales growth but missed on EPS due to margin contraction. The company revised its FY25 outlook lower, leading to a drop in the stock price.

Several large-cap stocks, including Super Micro Computer, Adobe, and Nucor, experienced significant losses last week. The article analyzes the reasons behind the stock declines and provides insights for investors.

LKQ Corporation announced the appointment of James S. Metcalf to its Board of Directors and the retirement of Dominick Zarcone. The company is committed to board refreshment to ensure effective oversight and guidance.

Ferguson plc (FERG) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets. The S&P 500 faced selling pressure when attempting to break above 5,300 levels. It traded down 0.4% by midday in New York. Major large-cap indices showed only marginal dips and small caps felt the brunt of the selloff while the iShares Russell 2000 ETF (NYSE:IWM) was down 1.4%. On The Macro Front Tuesday witnessed further indication of a potential slowing economic momentum, as already surfaced last week and on Monday. The number of job openings in April fell sharply by 296,000, reaching the lowest level since February 2021 and missing expectations. In response, traders increased their bets on a Federal Reserve rate cut in September. The CME Group Fed Watch tool now shows a 65% chance of a cut, up significantly from 46% last week. The prospect of lower interest rates boosted bond prices, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rising 1%, on track ...Full story available on Benzinga.com

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