3 Stocks Reporting Earnings the Week of July 4
Friday, 1 July 2022, 16:23:38
It’s the very end of the current earnings season, with only a couple of companies left to report financial results. With more than 99% of the companies listed in the S&P 500 index having reported their finances, the results for the January through March period have held up fairly well. However, pessimism is growing for the next round of results that are due to begin in coming weeks. According to data from FactSet , the estimated earnings growth rate for the S&P 500 index is 4.3%. If that turns out to be correct, it will be the lowest earnings growth rate reported by the index since the final quarter of 2020, during the depths of the Covid-19 pandemic. Will the coming results end up being that bad? We shall see. 7 Warren Buffett Stocks to Buy and Hold for the Next Decade But in the meantime, the following three companies bring to an end the latest earning season for U.S. stocks. MULN Mullen Automotive $1.04 LEVI Levi Strauss & Co.’s $16.52 WDFC WD-40 Company $203.99 Mullen Automotive (MULN) Source: Ringo Chiu / Shutterstock Electric vehicle company Mullen Automotive (NASDAQ: MULN ) is expected to report earnings on July 4, and its stock is in hot water.
America is slowly forgetting Abercrombie & Fitch, UBS survey shows
Wednesday, 29 June 2022, 20:07:07
Abercrombie & Fitch, known for its topless male marketing, exclusive preppy fashion and dimly-lit stores, is facing obscurity as it attempts to revamp the brand.
— Yahoo Finance
Abercrombie & Fitch Company – Consensus Indicates Potential 41.5% Upside
Monday, 27 June 2022, 12:09:37
Abercrombie & Fitch Company found using ticker (ANF) have now 6 analysts in total covering the stock. The consensus rating is ”Buy”. The range between the high target price and low target price is between 35 and 17 with a mean TP of 26.33. Given that the stocks previous close was at 18.61 this would imply there is a potential upside of 41.5%. The 50 day moving average now sits at 27.66 and the 200 moving average now moves to 34.47. The company has a market capitalisation of $982m. Find out more information at: https://www.abercrombie.com [stock_market_widget type=”chart” template=”basic” color=”green” assets=”ANF” range=”6mo” interval=”1d” axes=”true” cursor=”true” api=”yf”] The potential market cap would be $1,390m based on the market concensus. Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.
Abercrombie & Fitch: Valuation Improving After The Drop (NYSE:ANF)
Sunday, 26 June 2022, 16:33:15
Abercrombie & Fitch released its Q1 results last month, managing to grow sales year-over-year despite difficult comps. Abercrombie might appear deeply undervalued at current levels.
— Seeking Alpha
3 Stocks to Watch That Could Be the Next Revlon
Friday, 24 June 2022, 22:37:24
The market’s biggest sensation this week has been Revlon (NYSE: REV ). On June 16, the well-known cosmetics retailer announced it would be filing for bankruptcy. In the days that followed, REV stock began to surge as retail investors flagged it as a short squeeze target . One week later, it had skyrocketed by 250%. While shares have since come down, REV is still up 150% from where it was a week ago. Investors are still watching closely as its rise draws comparisons to previous meme stocks, such as GameStop (NYSE: GME ). But as its gains stabilized yesterday, investors began looking for the next Revlon. What would make for such a stock? Fintel CEO Wilton Risenhoover laid it out for investors yesterday. As he sees it, “retail investor[s] are interested in Revlon because it has the same characteristics as the other big meme stock plays in the past — a well known brand that is in trouble and could possibly be saved.” He cites AMC Entertainment (NYSE: AMC ) and Hertz (NASDAQ: HTZ ) as examples.
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