Stock Market News Today (06/01/2023)

Today is June 1st 2023, and we’re going to be covering the most relevant news from today in the stock market. JPMorgan Chase closing 25% of First Republic Branches, NRG Energy boost repurchase program, and Dollar General, Macy’s, Dell, and other earnings…

Before we get into it…

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Market Overview 📈

Earnings in the Stock Market Today 💰

Earnings Before Market Open 💰

Dollar General (DG)

• EPS of $2.34 miss $2.38 estimate

• Revenue of $9.34B miss $9.46B estimate

Macy's (M)

• EPS of $0.56 beats $0.45 estimate

• Revenue of $4.98B miss $5.04B estimate

BRP Inc (DOOO)

• EPS of $1.76 beats $1.70 estimate

• Revenue of $1.80B beats $1.66B estimate

Hormel Foods (HRL)

• EPS of $0.40 beats $0.39 estimate

• Revenue of $2.98B miss $3.05B estimate

Spartan Nash (SPTN)

• EPS of $0.64 beats $0.63 estimate

• Revenue of $2.91B miss $2.95B estimate

Caleres (CAL)

• EPS of $0.97 beats $0.93 estimate

• Revenue of $662.73M miss $699.98M estimate

Earnings After Market Close 💰

Dell Technologies (DELL)

• EPS of $1.31 beats $0.86 estimate

• Revenue of $20.92B beats $20.27B estimate

Lululemon (LULU)

• EPS of $2.28 beats $1.98 estimate

• Revenue of $2.00B beats $1.92B estimate

Five Below (FIVE)

• EPS of $0.67 beats $0.63 estimate

• Revenue of $726.20M miss $728.04M estimate

MongoDB (MDB)

• EPS of $0.56 beats $0.19 estimate

• Revenue of $368.28M beats $347.15M estimate

Broadcom (AVGO)

• EPS of $10.32 beats $10.08 estimate

• Revenue of $8.73B beats $8.71B estimate

Other News 🗞

• NRG Energy to boost stock repurchase program by $650 million - MW

• JPMorgan will close 25% of First Republic branches by end of year - FB

• Constellation Energy to buy stake in Texas nuclear plant in $1.75 billion deal - RT

• Private sector job growth increases by 278,000 in May, easily beating expectations - FB

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