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$Nasdaq Composite Index...
Jefferies analysts remain optimistic about Five Below, citing its value-oriented offering, nimble and scaling business model, ample real estate growth opportunity, and the upside potential offered by Five Beyond.
Morning Mooers, it is Thursday, March 21, the air is freezing in Jersey City, but the market is boiling after the Fed decision to keep things the same. RECAP Investors watched as Fed President Jerome Powell unveiled a median target Federal Funds rate of 4.6% by year end. The$S&P 500 Indexclimbed past a record 0.54% after closing at its 19th record close this year. The$Dow Jones Industrial Averageclimbed 0.66% after a recor...
Morning Movers Gapping up $美光科技(MU.US)$stock soared 16%, on track for a record high, after the chipmaker posted a surprise profit and forecast strong current-quarter revenue on soaring demand for its memory chips used in AI computing. $Guess(GES.US)$stock rose 11% after the clothing retailer announced a profit for its fourth quarter that increased from last year and beat the Street estimates. $博通(AVGO.US)$Be...
The company's disappointing earnings guidance and the ongoing issue of shrink are likely to continue impacting Five Below's financial performance and stock price.
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