Citi Bank Says It’s Time to SELL Foot Locker, But VectorVest Paints a Different Picture For FL…
Foot Locker (FL) started Monday morning on the wrong side of the bed falling nearly 5% in pre-market trading. Since the bell sounded though, the stock has recovered those losses and settled around a 1% loss. All this came after Citi Bank downgraded the stock to a sell. Analyst Paul Lejuez believes the stock is positioned to underperform in [...]
Amphastar Pharmaceuticals, Inc. Powers Higher Towards Its August 9 All-Time High: Jump in Right Now?
By Leslie N. Masonson, MBA Amphastar Pharmaceuticals Inc. (NASDAQ:AMPH), is a bio-pharmaceutical firm, that develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products to its customers in the United States, China, and France. The company was incorporated in 1996 in Rancho Cucamonga, California where it is currently headquartered. It has $601 million in annual sales [...]
ETF Momentum Investing – Part 2 Performance
by Leslie N. Masonson, MBA The previous article provided an introduction to momentum investing. The key question on investors’ minds is how well have momentum ETFs performed since their inception, compared to common benchmarks. Initially, a handful of these ETF came to market in 2005-2006, and then many more joined the category. I used ETFAction.com to obtain data on [...]
iRobot Gains 39% on Belief the EU Will Approve Amazon Takeover: 3 Things Investors Need to See
Shares of iRobot (IRBT) are up more than 39% Friday morning as rumors are gaining traction that Amazon will gain approval in the EU to take over the company. This is something that the world’s largest e-commerce giant has been working on for a while, as the deal was first announced back in August of this year. The big [...]
Deere & Co Falls 6% After Sharing Disappointing Outlook, But It’s Not Time to Sell DE Stock Just Yet
Shares of Deere & Co (DE) are trading more than 6% lower Wednesday morning after the company reported fiscal 4th quarter results accompanied by a weak full-year outlook for 2024. The manufacturer of agricultural, construction, and turf equipment did perform well to finish off fiscal 2023, though. Sales may have fallen nearly 1% but the $15.41 billion reported was [...]
Kohl’s is the Latest Retailer to Get Hit by Slowing Sales: Time to Sell KSS After it Falls 9%?
It’s been a tough third quarter for retailers, who have all felt the effects of slowing consumer spending. We’ve seen similar sentiments in earnings from Target, Walmart, and now today, Kohl’s (KSS). The company reported earnings that exceeded analyst expectations, and yet, dwindling sales have sent the stock more than 9% lower in Tuesday morning’s trading session. Kohl’s was [...]