JILL stock is rising Wednesday after the company beat fourth-quarter net sales estimates. Additionally, J.Jill beat expectations on both earnings and earnings, further increasing investor confidence in the stock.
Mobileye (MBLY) announced an agreement with Volkswagen (VOW.DE) regarding self-driving technology. Under the partnership, Mobileye will be responsible for providing both hardware and software components to enable autonomous driving capabilities in Volkswagen vehicles.
Signet (SIG) stock is falling after the company announced lower-than-expected revenue guidance for both its first quarter and fiscal year. The lackluster outlook is weighing on Signet's better-than-expected fourth-quarter profit.
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Editor's note: This article was written by angel smith
video transcript
Brad Smith: Of course, the decision will be made at 2 p.m. Stock prices are flat due to cautious trading, but are investors looking ahead to policy decisions in the next few hours?
Sheena Smith: Now, let's take a look at some trending tickers. First, J.jill stock is soaring after reporting better-than-expected net sales for the fourth quarter. We're seeing only about an 8% return, but they're outperforming the returns. Profits also increased compared to about a year ago. However, this lifestyle his brand continues to take a cautious approach regarding the macro environment, warning only about consumer stability.
Brad Smith: And after announcing the Volkswagen ADMT agreement with Volkswagen for autonomous driving, Mobileye's stock price soared. It will be mobilized to develop and provide software and hardware components and digital maps for autonomous driving ID. In the future, both companies will mass-produce new autonomous driving functions here.
Sheena Smith: Now, let's take a look at Signet Jewelers. That's because the company is in the red, even though it beat revenue expectations for the fourth quarter. The company's full-year and first-quarter sales forecasts were lower than expected. Signet Jewelers' CEO said he expects same-store sales to improve throughout the year as engagement gradually returns.
