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Business, Stocks

“Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia”

“Abercrombie & Fitch Co. has gained 285% this year, its best annual performance since going public in 1996. The rally has made the company the best performer in the S&P 1500 Index, even managing to beat out artificial intelligence darling… Continue Reading…

Business, Stocks

“Abercrombie & Fitch shares soar more than 15% as retailer blows past earnings estimates, raises guidance”

“…Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Shares jumped more than 15% in early trading Wednesday. Net income for the… Continue Reading…

Banking

“Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase”

“A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase“ https://www.cnbc.com/2023/08/15/fitch-warns-it-may-be-forced-to-downgrade-dozens-of-banks.html How does it feel JPMorgan?… Continue Reading…

Stocks

“Abercrombie & Fitch surges more than 20% after reporting surprise profit”

“Shares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit.  Here’s how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based… Continue Reading…