Jack of All Trades

RH fell 20% to 6-year lows after a double miss (EPS $1.53 vs $2.22 est.) and a brutal Q1 guide (revenue −2–4%, EBITDA 5.5–6.5%). Macro: WTI surged +11.4% to $111.54 on Trump "stone ages" comments, Dow swung 700 pts intraday. SKORE: RH 3.8 Reduce.

PVH +11% on Q4 blowout (EPS $3.82 vs $3.31); nCino +19% on record ACV bookings, 76% EPS beat; Conagra returned to organic growth but missed adj. EPS on 7% COGS inflation. Market: Iran whipsaw, Dow swung 600 pts intraday, closed flat. SKORE: PVH 7.8 Buy · NCNO 7.4 Buy · CAG 5.2 Hold.

Nike beat Q3 (EPS $0.35 vs $0.28 est.) but crashed 9% AH on a brutal Q4 guide: revenue −2–4% vs +1.9% expected, China −20%. Goldman, JPMorgan, BofA all cut to Neutral. S&P +2.91% Iran peace rally. SKORE: NKE 5.6 Hold.

FRMI hit all-time lows (−24%) after reporting $486M loss with zero revenue and no signed tenant. MAAS closed its Huazhi AI acquisition. WTI $102, tech death cross, VIX 30+. SKORE: FRMI 2.8 Avoid · MAAS 5.4 Spec Buy.

AGX beat by 63%, backlog doubled to $2.9B, zero debt, +35% on a day the Dow lost 793 points. The AI data center demand is already in the backlog. CCL: Record bookings, 85% prebooked, demand intact through 2028. Unhedged on fuel.

PDD missed EPS by 15%, stock up 4.6%. The market bought the RMB 100B supply chain pledge, not the quarter. Transaction services +19%, de minimis cliff is permanent, EU now 40% of Temu GMV. Cintas: record gross margins, guidance raised again, UniFirst acquisition pending. EPS matched

GameStop is no longer a retailer. It's a $9B cash-holding entity in a dying retail wrapper, with Ryan Cohen communicating via press release and a compensation structure that only pays out if market cap hits $20B→$100B milestones.

FedEx beat by 28% on EPS, raised the full-year guide by over a dollar at the midpoint, cut CapEx, and posted six consecutive quarters of margin expansion. The bear case was tariffs and route disruptions. The DRIVE program printed anyway. Freight spin-off June 1.

Micron tripled revenue, sold off on capex fear. The spend is building for a $100B HBM market with contracts already signed. Accenture beat and raised, hit a 52-week low. Record bookings don't print for 6–18 months. Alibaba: Quick Commerce war killed net income −66%. Cloud +36%.

WSM delivered record EPS, zero debt, 51.6% ROIC — and raised guidance twice in the year before beating it. Macy's posted its third consecutive positive comp; Bloomingdale's +9.9%. LULU lost 550 bps of gross margin to tariffs and discounting. Americas comps negative. GIS missed EPS by 12%