Guess?'s low P/E ratio is due to its projected earnings decline. Investors don't see enough potential for earnings growth to warrant a higher P/E ratio. This will continue to cap the share price unless conditions improve.
RECAP Markets climbed after investors watched Fed President Jerome Powell unveil the median target Federal Funds rate of 4.6% by year-end. A day later, stocks were still hitting all-time highs: if the market loves anything, it's predictability. The$S&P 500 Indexclimbed past a record by 0.32% to its 20th record close this year. The$Dow Jones Industrial Averageclimbed 0.67% to a record close, and the$Nasdaq Composite Index...