Abercrombie & Fitch Co
Abercrombie & Fitch posts 21% sales gain, hikes outlook despite ‘increasingly uncertain environment’
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty Images Abercrombie & Fitch‘s revenue grew 21% during its fiscal second quarter as the apparel company builds on its torrid growth. The […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Fed by the Fed Stocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks when he indicated the central bank would ease borrowing […]
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Jim Cramer says a double developer stock upgrade signals city real estate back
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Lowe’s : The home improvement retailer beat on earnings but missed on revenues. Lowe’s also cut its full-year outlook. Shares were higher earlier but turned modestly negative. “The stock is hanging because of the Federal Reserve. No one […]
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Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
2024 was expected to be a ” stock picker’s year ,” but macroeconomic uncertainties and some market volatility have seen many investors plow cash into exchange-traded funds (ETFs). Net flows into ETFs topped $200 million in the second quarter of this year, according to Fidelity, taking the year’s total to $404 billion — 85% higher […]
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Avoid the ‘Magnificent 7’ and buy these lesser-known stocks instead, wealth manager says
The so-called “Magnificent Seven” were among the hottest stocks last year, but one wealth manager says they are “wildly overvalued” and has his sights elsewhere. “There is a possibility that the Magnificent Seven will continue to grow and generate positive returns for investors in the next decade, but I don’t think that’s the case with […]
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Stocks making the biggest moves midday: Ryanair, CrowdStrike, IQVIA Holdings and more
Check out the companies making headlines in midday trading: Ryanair — Shares fell 16% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . The company said its quarterly profit after tax had fallen 46% and that it expects fares to be lower than expected in the summer months. CrowdStrike — The cybersecurity stock plunged […]
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Stocks making the biggest moves premarket: CrowdStrike, Bank of America, Nvidia, Verizon and more
Check out the companies making headlines before the bell: CrowdStrike — The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage. Nvidia — Shares gained 2% after Reuters, citing people familiar with the matter, reported Nvidia is preparing a version […]
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From dying mall brand to Wall Street winner: How Abercrombie & Fitch pulled off retail’s biggest comeback
Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged over the last year as it posted quarter after quarter of sales growth and profits […]
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It was a strong week for retail earnings. That doesn’t spell a consumer comeback
A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc. Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors. If there’s one takeaway from results posted by the largest U.S. retailers over the last […]
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Shares building the biggest moves midday: Abercrombie & Fitch, UnitedHealth, Netflix and a lot more
Check out out the firms producing headlines in midday trading: Abercrombie & Fitch — Shares popped 22% soon after the clothing retailer posted fiscal initial-quarter income that grew 22% from a 12 months earlier. Abercrombie’s revenue through the period of time was just about seven periods compared to the calendar year-in the past time period […]
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