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Top of the Morning
8:20 am
By Alicia Alfiere
Team Rule Breakers
Etsy (ETSY +0.47%) stock popped earlier this year on the news that it is selling its second-hand and vintage clothing business, Depop, for $1.2 billion in cash. This could be a good thing for the overall business, as the sale will allow leadership to focus only on the Etsy marketplace.
Etsy is also going through a period of transformation and the first quarter showed some potentially early signs of positive momentum for the marketplace of vintage, unique, and personal items:
Before the Opening Bell
8:15 am — AAPL +3.4% in premarket trading
Equity futures started May in the green as Apple (AAPL +5.40%) climbed 3% following a fiscal second-quarter beat. Despite iPhone revenue missing targets for the second time in three quarters, a robust sales outlook and broad earnings strength have pushed the S&P 500 above the historic 7,200 level. While the Nasdaq faces slight premarket pressure, markets remain remarkably resilient even as geopolitical tensions with Iran persist.
This article was created using Large Language Models (LLMs) based on The Motley Fool’s insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. Alicia Alfiere, MBA has positions in Apple. The Motley Fool has positions in and recommends Apple and Etsy. The Motley Fool has a disclosure policy.
