SFIX News & Events

Stitch Fix announced the appointment of Sree Sreedhararaj as Chief Product and Technology Officer. In this role, Sreedhararaj will lead the company's technology, product, data science, security and IT teams. "Sree brings deep technical expertise and a relentless focus on the customer," said Matt Baer, CEO, Stitch Fix. "Stitch Fix was built on the belief that shopping should feel personal, inspiring and effortless, and we use our rich client data, innovative and AI-driven technology platform and the trusted relationships our Stylists build with clients every day to deliver on this promise. As AI unlocks new possibilities, we believe the future of retail lies in using this technology to create more human connections. Sree has built technology platforms that make personalization at scale possible. That perspective will be critical as we shape the next era of retail." Sreedhararaj joins Stitch Fix from IPSY, the beauty membership platform, where he served as Chief Technology Officer.

Stocks rebounded from one-month lows on Thursday as gains for chip producers offset risks of higher interest rates. AI infrastructure stocks continued to carry the momentum ahead of the SpaceX IPO tomorrow. Retail investors are said to have submitted more than $100B for the offering, due to be the largest in history. While the producer prices index pointed to accelerating price increases in May, bets on whether the Fed will raise rates this year were also influenced by President Trump calling off planned strikes against Iran and claiming that final points on a deal "have been, in both concept and great detail, approved by all parties involved."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oracleshares fell after the cloud giant's higher-than-expectedovershadowed strong quarterly resultsEatonannouncedits Mobility Group with Danain a Reverse Morris Trust transaction creating a combined company valued at over $10BMicrosoft'sXbox business planning significant layoffs next month,Humanaannounced anto divest its minority interest in end-of-life services provider GentivaNavanshares advanced after the AI-powered travel and expenses platform2. WALL STREET CALLS:Oppenheimerof SpaceXwith an Outperform rating and $195 price target ahead of tomorrow's initial public offeringIntelto Buy at BofA on increased foundry visibilityJefferiesGeneral Dynamicsto Buy on marine segment growthMoffettNathansonChewyafter Q1 reportAlexandria Real Estateto Underweight at Morgan Stanley3. AROUND THE WEB:Microsoftis restricting employees from using Claude Fable 5 because of Anthropic's new 30-day data retention requirements, The Verge saysA German regional court has ruled that Googleis directly liable for false claims in its AI-generated search overviews, The Decoder reportsSea'sShopee is cutting hundreds of developer jobs globally, Bloomberg saysOpenAI is considering significant price cuts for its AI services to compete with rival Anthropic, which it expects to make similar moves, WSJ reportsSoftBank'sdiscussions with potential creditors to raise $6B from a margin loan backed by its stake in OpenAI have stalled, Bloomberg says4. MOVERS:Stitch Fixgained after reporting, with EPS and revenue beating consensusVirgin Galacticincreased afterEvlivenfinished higher afterfrom the Phase 1 ENABLE trial of ELVN-001PureCycle Technologiesclosed lower after announcing aEnsign Groupfell after being targeted inthis week5. EARNINGS/GUIDANCE:Vera Bradleyreportedand backed its guidance for FY27Driven Brandsreportedand reaffirmed its outlook for FY26McGraw Hillreported Q4 results, with CEO Philip Moyeron "the strength of our strategy, the speed of our innovation and the depth of trust that we have from the education community"Lovesacprovidedand narrowed its outlook for FY27DXC Technologyits outlook for FY27 and FY29INDEXES:The Dow rose 929.97, or 1.86%, to 50,848.75, the Nasdaq gained 640.16, or 2.54%, to 25,809.66, and the S&P 500 advanced 127.31, or 1.75%, to 7,394.30.

The major averages slightly rebounded from one-month lows on Thursday with support from the tech sector even though Oracle slumped as it will take on more debt to finance data centers. AI infrastructure companies are continuning their strong momentum as hyperscalers, including Oracle, keep spending on compute capacity.Meanwhile, President Trump stated that the U.S. will resume strikes against Iran tonight and capture the Iranian energy hub of Kharg Island "at some point" and a new PPI print pointed to accelerating prices in May, underscoring the impact of the war on price growth and aligning with recent bets that the Fed will raise rates this year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oracleshares fell after the cloud giant's higher-than-expectedovershadowed strong quarterly resultsEatontoits Mobility Group with Danain a Reverse Morris Trust transaction creating a combined company valued at over $10BMicrosoft'sXbox business planning significant layoffs next month,Humanaannounced an agreement toin end-of-life services provider GentivaNavanshares advanced after the AI-powered travel and expenses platform boosted its2. WALL STREET CALLS:Oppenheimerof SpaceXwith an Outperform rating and $195 price target ahead of tomorrow's initial public offeringIntelto Buy at BofA on increased foundry visibilityJefferiesGeneral Dynamicsto Buy on marine segment growthMoffettNathansonChewyafter Q1 reportAlexandria Real Estateto Underweight at Morgan Stanley3. AROUND THE WEB:Microsoftis restricting employees from using Claude Fable 5 because of Anthropic's new 30-day data retention requirements, The Verge saysA German regional court has ruled that Googleis directly liable for false claims in its AI-generated search overviews, The Decoder reportsSea'sShopee is cutting hundreds of developer jobs globally, Bloomberg saysOpenAI is considering significant price cuts for its AI services to compete with rival Anthropic, which it expects to make similar moves, WSJ reportsSoftBank'sdiscussions with potential creditors to raise $6B from a margin loan backed by its stake in OpenAI have stalled, Bloomberg says4. MOVERS:Stitch Fixgains after, with EPS and revenue beating consensusVirgin Galacticincreases after completing itsEnlivenhigher after presenting data from thetrial of ELVN-001PureCycle Technologieslower after announcing aOraclefalls afterand raising its guidance for FY275. EARNINGS/GUIDANCE:Vera Bradleyand backed its guidance for FY27Driven Brandsand reaffirmed its outlook for FY26McGraw Hill, with CEO Philip Moyer commenting, "McGraw Hill's growth in fiscal year 2026 underscores the strength of our strategy, the speed of our innovation and the depth of trust that we have from the education community"Lovesacand narrowed its outlook for FY27DXC Technologyfor FY27 and FY29INDEXES:Near midday, the Dow was up 0.77%, or 384.18, to 50,302.96, the Nasdaq was up 0.70%, or 175.46, to 25,344.96, and the S&P 500 was up 0.49%, or 35.59, to 7,302.58.

Markets are looking to rebound this morning after two sessions of selling pressure, with futures higher across the major indexes. The catalyst is a combination of bargain-hunting in beaten-down technology shares. Nasdaq futures are leading the advance, reflecting renewed interest in AI and semiconductor names after a sharp pullback earlier this week.Wednesday's CPI report showed headline inflation accelerating to 4.2% year-over-year, driven largely by energy costs. Meanwhile, this morning's PPI report showed producer prices for final demand in the U.S. increased 1.1% month-over-month in May, the same as a downwardly revised 1.1% rise in April and once again above forecasts of 0.7%.In pre-market trading, S&P 500 futures rose 0.49%, Nasdaq futures rose 0.83% and Dow futures rose 0.54%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Intelup 4% after BofA double upgraded the stock to Buy from Underperform with a price target of $135, up from $96, citing higher confidence in Intel's opportunity to help address industry constraints in leading edge wafers and packagingViaSatup 4% after announcing it was awarded a prime contract by the U.S. Space Force's Space Systems Command to build, launch and deliver the first of a proliferated fleet of small, maneuverable geosynchronous Earth orbit satellitesVoyager Technologiesup 3% after BTIG initiated coverage of shares with a Buy rating and $55 price targetEatonup 2% after announcing it will separate and combine its Mobility Group with Danain a Reverse Morris Trust transaction creating a combined company valued at over $10BUP AFTER EARNINGS -Navanup 20%Hooker Furnitureup 17%Lovesacup 1%Stitch Fixup 1%DOWN AFTER EARNINGS -Oxford Industriesdown 10%Oracledown 10%Aurora Cannabisdown 6%LOWER -Danadown 7% after announcing Eatonwill separate and combine its Mobility Group with the company in a Reverse Morris Trust transaction