NYSE:CURV - New York Stock Exchange, Inc. - US89142B1070 - Common Stock - Currency: USD
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars. This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 1.6%. This drawdown was disappointing since the S&P 500 climbed 8.1%.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the apparel retailer stocks, including Torrid (NYSE:CURV) and its peers.