'We still believe the company is well positioned over the next few years to take market share and return capital to shareholders through dividends (now yielding roughly 3.0%) and share repurchases,' says CFRA Research analyst Zachary Warring, who kept a Buy rating on the retail stock. $2.48 per share, $2.59 billion estimate). Indeed, DKS reported higher-than-expected earnings and revenue in its first quarter ($2.85 per share, $2.7 billion actual vs. However, DKS ended the day up 9.7% after CEO Lauren Hobart said the guidance reflected management being 'appropriately cautious,' and that the company's fundamentals remain strong. flat) amid sizzling inflation and ongoing supply-chain challenges. Shares were down by 11% at one point after the athletic apparel retailer cut its full-year outlook (now expecting earnings per share to arrive between $9.15 and $11.70, down from $11.70 to $13.10 and for same-store sales to be 2%-4% lower vs. It was another big day for retail earnings, with Dick's Sporting Goods ( DKS (opens in new tab)) stock particularly volatile after its results.'We are unsurprised by Peltz's appetite, but would not hastily give WEN away,' says Wedbush analyst Nick Setyan, who maintained an Outperform (Buy) rating on the stock and kept Wendy's on the Wedbush Best Ideas List. Peltz, meanwhile, has a 4.7% stake in Wendy's. Trian is WEN's biggest stakeholder, owning 25.3 million shares, or 11.8% of the company, according to S&P Global Capital Intelligence. Wendy's ( WEN (opens in new tab)) jumped 9.8% after Trian Fund Management – an asset management firm founded by billionaire investor Nelson Peltz – said that it had advised the fast food chain's board of directors that it plans to 'explore and evaluate' strategic options, including a potential buyout, as a means of boosting shareholder value.

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Gold futures fell 1% to end at $1,846.30 an ounce, snapping a four-day win streak.

crude oil futures gained 0.5% to settle at $110.33 per barrel. The small-cap Russell 2000 rocketed 2.0% higher to 1,799.

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