Joann Customers React to Store Closings and Bankruptcy

American Express (NYSE: AXP) experienced a more than 3% drop in stock value on Friday, significantly underperforming the S&P 500's slight decline, following a report from The Wall Street Journal about major U.S. retailers exploring the use of stablecoins in their operations. These cryptocurrencies, pegged to fiat currencies, could threaten American Express's customer base. More Context

Chewy (NYSE: CHWY) faced a significant decline in its stock price, dropping nearly 15% week-to-date due to a poorly received quarterly earnings report, despite exceeding analyst expectations for revenue and profitability. This downturn occurred even though the company's performance was slightly better than anticipated, as reported by S&P Global Market Intelligence. More Context

ConocoPhillips (NYSE: COP) shares rose 2.5% on Friday morning amid escalating tensions in the Middle East, following Israeli airstrikes on Iran and subsequent Iranian drone attacks on Israel. Investors are concerned that this conflict could disrupt oil supplies from the region, potentially driving up oil prices. More Context

Adobe (NASDAQ:ADBE) reported record Q2 FY2025 revenue of $5.87 billion, an 11% year-over-year increase, with non-GAAP EPS rising 13% to $5.06, prompting raised FY2025 targets. The company highlighted robust AI-driven growth, with AI-related annual recurring revenue projected to exceed $250 million, and monthly active users surpassing 700 million across its platforms. More Context

Lululemon (NASDAQ: LULU) experienced a 20% drop in share value following its latest earnings report, which included reduced earnings expectations for the year due to increased tariff-related costs. Although revenues are still projected to align with previous guidance, the lowered earnings estimates significantly impacted market perception of the stock. More Context

Palantir Technologies and Nvidia have seen remarkable share price increases of 2,000% and 875%, respectively, since January 2023, but analysts are suggesting it's time to sell, particularly for Palantir, which has a median target price of $110, indicating a 19% downside. Conversely, Nvidia's median target price of $175 suggests a 22% upside, despite one analyst recommending a sell. More Context