After a multi-decade sales record in 2021, athletic shoe and apparel retailer Foot Locker (NYSE: FL) has grown its inventory dramatically. The company may now have challenges selling that inventory in a slowing economy. The company faces one of two risks in the coming quarters — and potentially more. Here’s what it all means for...
Kornit Digital‘s (NASDAQ: KRNT) stock plunged 26% on July 6 after the Israeli textile printing company posted preliminary second-quarter results. It says it now expects revenue to decline 27% to 31% year over year in the quarter, which is far below the guidance for 4% to 16% growth that it presented in May. The company...
The stock market has endured its worst first-half performance in 52 years. While it has been a brutal period for investors, there are some benefits to a big decline. One of those is that dividend yields have an inverse relationship to stock prices. So, as stock prices have fallen, yields have become more attractive. Those...
Seniors who are entitled to Social Security retirement benefits can claim their first check between the ages of 62 and 70. The decision about exactly when to get benefits within this range is an important one because it plays a major role in determining your monthly income. Specifically, anyone who claims their benefits before age...
What happened The S&P 500 index dropped more than 20% in the first half of 2022, but Tesla (NASDAQ: TSLA) stock did even worse. Tesla shareholders saw their holdings down 36.3% in 2022 through June 30, according to data provided by S&P Global Market Intelligence. Even after the stock has staged a recovery in early...
What happened During a shortened week of holiday trading, shares of energy and health supplement drink company Celsius Holdings (NASDAQ: CELH) were up 17.7%. It was a good start to the month of July after an especially awful month of June. Celsius Holdings is now up 5% so far in 2022, handily beating the negative...
Inflation and transportation costs are taking a toll on stocks, and the issues may persist. Retail behemoths Walmart (NYSE: WMT) and Amazon (NASDAQ: AMZN) are leaning on new arrangements with suppliers to share the burden. The companies have added surcharges to supplier contracts to account for higher gas and shipping costs, and there’s not much...
Not much has changed of late — stocks have continued to get pounded in the wake of high inflation, the Federal Reserve’s interest rate hikes, and global economic impacts from the war in Ukraine. Year-to-date, the S&P 500 has tumbled 20% and the Nasdaq Composite, which consists of more speculative technology stocks, has plunged 28%...
FRANKFURT — The euro on Friday continued to fall against the U.S. dollar, dropping below 1.01 dollars in intraday trading, its lowest record in nearly 20 years. The reference rate of euro against the U.S. dollar was 1.0163 Friday, lower than the previous day’s 1.0180, according to the European Central Bank (ECB). The euro and...
For investors on a limited budget who are looking for growth stocks, Chegg (NYSE: CHGG) and Pinterest (NYSE: PINS) are excellent options. As of this writing, both are selling at a price per share of less than $25. Chegg is an education technology company with a robust, competitive advantage. Pinterest is an image-based social media...