GOOD MORNING

(Friday)

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you the top 3 events that you need to know today:

Market Performance (1 year)

1. Dow - 26.27%

2. S&P 500 - 31.63%

3. Nasdaq - 29.50%

4. Bitcoin - 151.25%

Today (Here’s 3 things you need to know)  

1. The Price to Earnings (PE) Problem

Despite Wall Street’s Election Day euphoria, President-elect Trump is inheriting a stock market that’s walking a valuation tightrope—so pricey, it’s practically wearing designer labels from the 1870s.

Sure, value is in the eye of the beholder, but according to the Shiller P/E ratio—the stock market’s long-term crystal ball—things are looking frothy. Unlike the basic P/E ratio, which can trip over short-term shocks, the CAPE ratio smooths out the drama by averaging 10 years of inflation-adjusted earnings. Think of it as the market’s “no-spin zone.”

With stocks this elevated, Trump might need more than Art of the Deal swagger to keep the market’s high-wire act going. Will his policies light the rocket fuel needed, or is this rally on borrowed time? Investors better buckle up—this show is just getting started.

2. Urban Outfitters Crushes Earnings

Urban Outfitters, Inc. (NASDAQ: URBN) strutted through Q3 2024 with record-breaking numbers, proving its financial closet is packed with hits. The company flaunted a chic $102.9 million in net income and a sleek $1.10 per share in earnings. Year-to-date, Urban’s style game remains strong with $282.2 million in net income and $2.99 EPS. Total sales? A runway-worthy $1.36 billion, up 6.3%, showing the brand’s knack for staying on trend.

Retail sales saw a modest 3.2% uptick, with both digital and in-store channels contributing. Anthropologie and Free People turned heads with comparable sales gains of 5.8% and 5.3%, respectively. But Urban Outfitters? It tripped over an 8.9% drop in comps—turns out, not every piece in the wardrobe was a winner.

The real showstopper? Nuuly, with a dazzling 48.4% sales surge fueled by a 51% jump in subscribers—because nothing says “on trend” like renting your next statement piece. Free People Wholesale also shone, posting a glowing 20.3% sales boost, offsetting Urban’s more muted performance in the same segment.

Overall, Urban Outfitters is proving it knows how to accessorize its success—even if a couple of brands could use a quick hem.

3. Thanksgiving sales on the rise

Online sales in the U.S. kicked off the Thanksgiving holiday with a 4% rise in the first half of the day, outpacing last year's modest 2% bump, according to Salesforce. Shoppers seem eager to gobble up steep discounts from retailers rolling out aggressive deals to lure in budget-conscious buyers.

Retail heavyweights like Best Buy and Target have leaned heavily into promotions, with Best Buy CEO Corie Barry noting a sharper-than-expected demand dip outside of sales events.

Meanwhile, department stores like Kohl’s and Macy’s remain cautious with their forecasts, but trendy brands like Abercrombie & Fitch and Gap are strutting their stuff, raising outlooks thanks to strong demand for fashionable apparel. Unsurprisingly, Walmart and Amazon are expected to keep riding high through the season.

Prime shopping hours? 7 p.m. to midnight EST, when 35% of Thanksgiving online sales are expected to roll in. Still, the holiday shopping season, spanning Thanksgiving to Christmas, is projected to grow at its slowest pace in six years, according to reports from the National Retail Federation and Deloitte.

Salesforce clocked $7.5 billion in Thanksgiving online sales this year—a 1% increase over 2022—while predicting that Cyber Week will rake in a staggering $311 billion globally. Meanwhile, Adobe Analytics crowned Thanksgiving Day as the MVP for deals on toys, appliances, furniture, and sporting goods.

The holiday shopping season may be moving at a slower clip, but the bargain buzz is clearly alive and well! 🛍️

Thank you for your time!

I’m sure you get hundreds of emails a day so I thank you for taking the time to read ours. Please follow us on our social media channels below where we post other new and different content related to investing, personal finance, and trading. 

Stay tuned for our next release at 8:15 am EST (Monday - Sunday).