NYSE:ANF - New York Stock Exchange, Inc. - US0028962076 - Common Stock
Wall Street had a strong rally last week, driven by easing inflation, Gaza ceasefire and robust bank earnings. Indices saw impressive gains.
Investors seeking growth at a reasonable cost should explore ABERCROMBIE & FITCH CO-CL A (NYSE:ANF).
Since bonds don't protect against stock declines, it's time for a different approach.
Many stocks flashed buy signals as the major indexes rose to or above key levels.
Retail sentiment on Stocktwits turned ‘extremely bearish’ compared to ‘bullish’ a day ago.
Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) fell 19.9% in the morning session after the company reported underwhelming sales and earnings forecasts, falling short of high expectations for retail stocks fueled by strong demand ahead of the holiday shopping season. ANF bumped its sales growth outlook for Q4 2024 to a range of 7-8% from a prior range of 5-7%. However, this modest increase lags far behind the robust double-digit growth the company achieved in the same quarter of 2023. Overall, the results were disappointing. However, Abercrombie & Fitch wasn't the only one to report weak holiday demand, as Five Below and Macy's also didn't see the success that the market expected.
Urban Outfitters and American Eagle also reported holiday sales.
Abercrombie & Fitch Co. raised its fourth-quarter sales outlook on better-than-expected holiday sales, but the increase wasn’t enough to reassure investors the retailer could keep up the fast pace of growth.
On Monday, Ross Stores stock earned an upgrade to its Relative Strength (RS) Rating to 72, up from 69 a day earlier.
NEW ALBANY, Ohio, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Abercrombie & Fitch Co. (NYSE: ANF) today announced that Chief Executive Officer Fran Horowitz,...
ABERCROMBIE & FITCH CO-CL A (NYSE:ANF), an undervalued stock with good fundamentals.
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Lululemon holds a 90 Composite Rating, a mix of five proprietary ratings. The best growth stocks have a Composite Rating of 90 or better.
Abercrombie & Fitch stock had its Relative Strength Rating upgraded to 76 Tuesday, up from 69 a day earlier.
The crypto bulls were right. Bitcoin's market cap is now about the size of Alphabet's.