2 Hours AgoStress take a look at outcomes present U.S. banks are in a ‘good’ place, Mike Mayo saysU.S. banks are doing effectively following Wednesday’s outcomes of the Federal Reserve’s stress take a look at, in response to Wells Fargo’s Mike Mayo.”The Fed threw the kitchen sink on the banks,” the highest financial institution analyst advised CNBC’s “Closing Bell.” He added that the hypothetical state of affairs was “worse” than the 2008 world monetary disaster. “U.S. banks are in an excellent, resilient place,” he continued.Mayo additionally stated that the results of Citigroup, particularly, was “a shock.” Shares of the agency had been marginally increased throughout Thursday’s buying and selling session and are up about 19.7% this yr.— Sean Conlon3 Hours AgoAccolade, American Out of doors Manufacturers diverge in prolonged tradingIn addition to Nike, some lesser-known shares had been additionally transferring after the bell on the again of monetary releases.Well being know-how inventory Accolade fell greater than 27%. Regardless of exceeding expectations of analysts polled by FactSet on adjusted EBITDA and income for the primary fiscal quarter, the corporate issued softer-than-expected steerage for the present quarter.The corporate stated it ought to see a lack of between $8 million and $10 million in adjusted EBITDA through the quarter, wider than the FactSet consensus forecast of $5.9 million. Accolade additionally stated to anticipate quarterly income within the vary of $104 million and $106 million, below Wall Avenue’s estimate of $113.2 million.However, American Out of doors Manufacturers climbed greater than 8% on sturdy earnings in its fiscal fourth quarter. The outside-focused product maker noticed $46.3 million in income, whereas analysts surveyed by FactSet penciled in income of simply $43.1 million.— Alex Harring3 Hours AgoMost retail merchants personal monetary shares, survey saysRetail traders is probably not fairly as hungry for extremely risky shares as their status implies, in response to a survey from eToro.The brokerage agency’s second-quarter Retail Investor Beat report stated that 54% of retail traders reported holding monetary providers shares, in comparison with solely 49% holding know-how shares. That has been true within the three earlier quarterly surveys as effectively.The survey was finished in Might, after a slight pullback for the market, and eToro US funding analyst Bret Kenwell advised CNBC that the dip appeared to affect confidence amongst youthful traders. “Older traders are letting their expertise form of work of their favor, whereas the youthful traders aren’t essentially scared off … however they’re much less skilled typically, and due to it I believe they get somewhat extra rattled than the older, seasoned investor,” Kenwell stated. — Jesse Pound3 Hours AgoNike shares sink on income worriesDespite an enormous earnings beat, Nike shares fell about 11% in prolonged buying and selling after the corporate posted its third income miss in 4 quarters and cautionary steerage for its new fiscal yr.Accounting for the drop in after hours, Nike’s inventory is down practically 23% yr to this point. Solely Intel and Boeing have fared worse within the Dow this yr.The weaker client setting is weighing on gross sales, with North America and Asia/Latin America revenues lacking Wall Avenue’s expectations. Chief Monetary Officer Matthew Pal remarked within the earnings launch that “our fourth quarter outcomes highlighted challenges which have led us to replace our Fiscal ’25 outlook.”— Robert Hum3 Hours AgoStock futures are close to flatStock futures had been little modified shortly after 6 p.m. ET.Dow futures slipped 0.1%, whereas S&P 500 and Nasdaq 100 futures every inched increased.— Alex Harring