$73.08 -2.35 (-3.12%) (As of 07/8/2024 ET) 52-Week Range $73.00 ▼ $123.39 Dividend Yield 2.03% P/E Ratio 19.59 Price Target $97.19 Nike NYSE: NKE analysts are slashing their price targets and sending the stock to the bargain basement. The company’s Q4 results were good enough, but the guidance brought fear into the broader consumer discretionary market….
It’s been a funny year for investors and shares of Tesla Inc. NASDAQ: TSLA. This year, it has broken its long track record of delivering outperformance even when the broader market is rallying—and broken well. While the benchmark S&P 500 index is up an impressive 15% this year already, shares of the electric vehicle (EV)…
Albemarle Corporation NYSE: ALB is a global leader in the production of basic materials for a diverse range of industries, including energy, electric vehicles (EV), and healthcare. The company’s commitment to sustainable practices was recently showcased during its fourth annual Sustainability Day event. Get Albemarle alerts: Sign Up A Focus on Sustainability: Albemarle’s Annual Event…
Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company’s guidance is for growth but tepid, anemic growth compared to the whisper expectations. The guidance resulted in a 50% decline for the stock from peak to bottom, assuming a bottom is…
$169.15 +1.57 (+0.94%) (As of 07/8/2024 ET) 52-Week Range $149.58 ▼ $187.22 Dividend Yield 0.78% P/E Ratio 24.69 Price Target $186.00 UniFirst NYSE: UNF is a quality business with savvy management working hard to improve shareholder value. The efforts include upgrading technology to the latest in enterprise resource planning (ERP) and customer relationship management (CRM) software,…
Walgreens Boots Alliance NASDAQ: WBA is a global leader in integrated healthcare, pharmacy, and retail. The company recently released its earnings report for the third quarter of 2024, raising questions about its ability to navigate a challenging market environment and achieve sustainable growth. WBA Walgreens Boots Alliance $10.82 -0.44 (-3.91%) (As of 07/8/2024 ET) 52-Week Range $10.77 ▼…
Some investors have shied away from looking at consumer discretionary stocks as the U.S. consumer struggles with inflation pressures and an uncertain timeline as to whether the Federal Reserve will actually sweep in to cut interest rates this year. In addition to this bearish view, U.S. consumer sentiment readings have been lower for another month…
BlackBerry NYSE: BB, one of the many companies that was once part of the “meme stocks” craze, is a technology firm that has transitioned its business from its handheld devices of the 2000s. The firm’s operations now revolve around cybersecurity and Internet of Things (IoT) solutions. With a market capitalization of $1.5 billion, it’s still…
PRGS Progress Software $54.36 -0.72 (-1.31%) (As of 07/8/2024 ET) 52-Week Range $48.00 ▼ $62.34 Dividend Yield 1.29% P/E Ratio 33.15 Price Target $63.14 Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date. The…
Despite what most market investors may believe, the new business model taking over the consumer discretionary sector and even the financial industry is here to stay much longer. Known as buy now, pay later (BNPL), this business model is precisely what today’s consumer needs as the U.S. economy remains somewhat directionless. $28.15 -0.40 (-1.40%) (As of…