Dividends
Goldman suggests these international shares are set to soar on share buybacks — providing one over 100% upside
Analysts from Goldman Sachs named the European stocks they predict will announce important buybacks until finally 2024 — which they say will present significant upside to their share charges. Firms acquire shares back from investors for many reasons, this kind of as owning a potent equilibrium sheet and making valuations more desirable, Goldman’s analysts highlighted […]
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‘Very sturdy strategy’: Fund supervisor makes a scenario for dividend stocks and names 5 to obtain
Dividend shares aren’t evergreen, but investing in them over numerous decades can pay off, according to a single portfolio supervisor. Their underperformance this year offers an chance, said Ben Kirby, who is also co-head of investments at Thornburg Financial commitment Management. “Dividend investing goes in and out of favor from one year to the upcoming, […]
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Lululemon sees sales and profit jump 18%, boosts full-year guidance
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, beating Wall Street’s estimates. The athletic apparel retailer now expects sales to be between $9.51 […]
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Jack Daniel’s maker Brown-Forman reports lagging whiskey sales, narrower profit
Jack Daniels Tennessee Whiskey Getty Images Jack Daniel’s maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led by the brands Woodford Reserve and Gentleman Jack. Sales for […]
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Gap reports mixed quarterly results after another period of declining sales across all brands
Pedestrians walk past Old Navy and GAP stores in Times Square, New York City. Drew Angerer | Getty Images Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer saw another quarter of declining sales across all four of its brands. The company beat Wall Street’s estimates on the bottom […]
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Peloton shares drop 20% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty Images Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell […]
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Foot Locker shares plunge more than 30% as it slashes guidance and blames ‘consumer softness’
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Foot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling out for footwear and […]
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Has local climate alter made utilities a dangerous bet? What earnings investors need to know
With yields generally thought of harmless, utility stocks have extensive been a beloved money play for retirees. However climate change may set those strategies at possibility. The wildfires in Maui are just the most current instance of extreme climate and the peril experiencing utilities. Hawaiian Electric powered , which currently has a 10.5% dividend produce, […]
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Mediterranean restaurant chain Cava swings to a profit in first report since IPO
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Spencer Platt | Getty Images Cava on Tuesday posted a profitable quarter for its first earnings report since its initial public offering in June. […]
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Kraft Heinz picks new CEO as sales slump in the face of higher prices
Kraft Heinz products arranged at a Stop & Shop store in Dobbs Ferry, New York, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Kraft Heinz‘s North American president will become CEO of the food giant next year, the company announced Monday. Carlos Abrams-Rivera will take the reins on Jan. 1 from Miguel Patricio, […]
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