Petco Plummets After 3rd Quarter Loss and Dreary Outlook: 3 Reasons It’s Time to Sell WOOF
Petco Health & Wellness Co. (WOOF) is down more than 25% in Wednesday morning trading after delivering 3rd quarter earnings that featured a surprise loss. The pet supply store reported total sales of $1.49 billion, which came in just below the consensus of $1.51 billion. This was also a 0.5% drop year over year, while the company was initially [...]
Is it Time to Buy PDD After Third-Quarter Earnings Send Shares 18% Higher? 3 Things to Consider…
Temu parent company PDD Holdings (PDD) reported third-quarter earnings that came in well above what analysts were expecting, sending shares more than 18% higher Tuesday morning. The Chinese holding company is known primarily for its fast-fashion brand Temu, which is quickly becoming a household name. It’s previously been compared to Shein, a foreign discount clothing retailer that’s also taken [...]
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 [...]
