{"id":52627,"date":"2025-09-03T07:08:21","date_gmt":"2025-09-03T11:08:21","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-movers-macys-and-dollar-tree-beat-estimates-mortgage-applications-dip-kkr-taps-ex-aws-ceo\/52627\/"},"modified":"2025-09-03T07:08:21","modified_gmt":"2025-09-03T11:08:21","slug":"market-movers-macys-and-dollar-tree-beat-estimates-mortgage-applications-dip-kkr-taps-ex-aws-ceo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-macys-and-dollar-tree-beat-estimates-mortgage-applications-dip-kkr-taps-ex-aws-ceo\/52627\/","title":{"rendered":"Market Movers: Macy&#8217;s and Dollar Tree Beat Estimates, Mortgage Applications Dip, KKR Taps Ex-AWS CEO"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Macy&#39;s (<a href=\"\/stock\/M\">M<\/a>)<\/strong> and <strong>Dollar Tree (<a href=\"\/stock\/DLTR\">DLTR<\/a>)<\/strong> both surpassed Q2 revenue and adjusted EPS estimates, with Macy&#39;s also raising its full-year outlook.<\/li>\n<li><strong>US MBA Mortgage Applications<\/strong> declined by <strong>1.2%<\/strong> for the week ending August 29, even as the 30-year mortgage rate slightly decreased to <strong>6.64%<\/strong>.<\/li>\n<li><strong>KKR (<a href=\"\/stock\/KKR\">KKR<\/a>)<\/strong> appointed former <strong>Amazon Web Services (AWS)<\/strong> CEO <strong>Adam Selipsky<\/strong> as a Senior Advisor, focusing on technology and artificial intelligence.<\/li>\n<li><strong>Bank of America Global Research<\/strong> increased its price target for <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> to <strong>$260<\/strong> from <strong>$250<\/strong>, signaling continued analyst confidence.<\/li>\n<li><strong>Maersk<\/strong> reported ongoing strains in North American supply chains, while geopolitical tensions persist with Russian strikes on Ukrainian infrastructure and UAE warnings regarding Israeli annexation plans.<\/li>\n<\/ul>\n<h2>Corporate Earnings Outperform Expectations<\/h2>\n<p>Retail giants <strong>Macy&#39;s (<a href=\"\/stock\/M\">M<\/a>)<\/strong> and <strong>Dollar Tree (<a href=\"\/stock\/DLTR\">DLTR<\/a>)<\/strong> delivered stronger-than-expected second-quarter results. Macy&#39;s reported adjusted earnings per share of <strong>$0.41<\/strong>, significantly beating the <strong>$0.18<\/strong> estimate, on net sales of <strong>$4.81 billion<\/strong>, surpassing the <strong>$4.71 billion<\/strong> projection. The department store chain also saw comparable sales rise by <strong>0.8%<\/strong> on an owned basis and raised its full-year adjusted EPS outlook to a range of <strong>$1.70 to $2.05<\/strong> from <strong>$1.60 to $2.00<\/strong>, alongside an increased net sales forecast of <strong>$21.15 billion to $21.45 billion<\/strong>.<\/p>\n<p>Discount retailer <strong>Dollar Tree (<a href=\"\/stock\/DLTR\">DLTR<\/a>)<\/strong> also posted robust Q2 figures, with net sales reaching <strong>$4.51 billion<\/strong> against an estimated <strong>$4.47 billion<\/strong>. Segment comparable store sales surged <strong>6.5%<\/strong>, exceeding the <strong>5.18%<\/strong> estimate. The company adjusted its full-year net sales guidance upwards to <strong>$19.3 billion to $19.58 billion<\/strong> from its prior range of <strong>$18.5 billion to $19.1 billion<\/strong>, while revising its adjusted EPS outlook to <strong>$5.12 to $5.32<\/strong> from <strong>$5.15 to $5.65<\/strong>.<\/p>\n<p>In the technology sector, <strong>Bank of America Global Research<\/strong> demonstrated its confidence in <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> by raising its price target for the iPhone maker to <strong>$260<\/strong> from <strong>$250<\/strong>.<\/p>\n<h2>Economic Indicators and Monetary Policy<\/h2>\n<p>US mortgage activity saw a decline for the week ending August 29, with <strong>MBA Mortgage Applications<\/strong> falling <strong>1.2%<\/strong> after a <strong>0.5%<\/strong> decrease in the previous period. Despite the dip in applications, the 30-year mortgage rate slightly eased to <strong>6.64%<\/strong> from <strong>6.68%<\/strong>. Meanwhile, <strong>US Treasury yields<\/strong> remained largely unchanged as market participants awaited key jobs data.<\/p>\n<p>Looking at international monetary policy, <strong>JPMorgan<\/strong> revised its forecast for <strong>Turkey&#39;s<\/strong> upcoming September rate cut, now expecting a <strong>200 basis point<\/strong> reduction, down from an earlier projection of <strong>300 basis points<\/strong>.<\/p>\n<h2>Corporate Appointments and Global Developments<\/h2>\n<p>Global investment firm <strong>KKR (<a href=\"\/stock\/KKR\">KKR<\/a>)<\/strong> announced the appointment of <strong>Adam Selipsky<\/strong>, the former CEO of <strong>Amazon Web Services (AWS)<\/strong>, as a Senior Advisor. Selipsky will provide expertise in technology and artificial intelligence, a strategic move for KKR.<\/p>\n<p>On the global stage, shipping giant <strong>Maersk<\/strong> reported that North American supply chains continue to experience significant strains. Geopolitical tensions also remain elevated, with <strong>Russia&#39;s Defence Ministry<\/strong> stating that its forces targeted <strong>Ukraine&#39;s<\/strong> transportation infrastructure used for military purposes, as well as fuel infrastructure overnight. Separately, a <strong>UAE official<\/strong> urged <strong>Israel<\/strong> to halt its annexation plans for the West Bank, warning that such actions could severely damage the Abraham Accords and the normalization of ties, calling it a &quot;red line&quot; for the UAE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Macy&#39;s (M) and Dollar Tree (DLTR) both surpassed Q2 revenue and adjusted EPS estimates, with Macy&#39;s also raising [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[5648,76,6181,225,6279,1375,9910,1807,3914,4024,4824,4826,5160],"class_list":["post-52627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-mortgage-rates","tag-dltr","tag-apple","tag-aapl","tag-dollar-tree","tag-kkr","tag-macys","tag-earnings","tag-m","tag-aws","tag-geopolitics","tag-supply-chain","tag-economic-data"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/52627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=52627"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/52627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=52627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=52627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=52627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}