bunhill When the Nasdaq 100 (QQQ) closed at an all-time high last Friday, Seeking Alpha noted Meta Platforms (META) and Nvidia (NVDA) contributed to the milestone. Skeptical investors who stayed on the sidelines or chose dividend income stocks over technology ones will doubt the rally's breadth. Unfortunately for the former group, income stocks, especially real estate investment trusts, risk underperforming. They needed assurances that the Federal Reserve would cut interest rates. Persistently high inflatio ...

RichLegg Listen below or on the go on Apple Podcasts and Spotify The following is an abridged transcript The top story to look out for this week The February jobs report is due on Friday, with expectations for payrolls growth to ease back. January showed a whopping rise of more than 350,000 in nonfarm payrolls. Economists expect that they rose by 190,000 last month. The unemployment rate is seen staying at 3.7%. Average hourly earnings are forecast to have risen by 0.2%, down from the 0.6% rise seen ...

The major averages are leaping to fresh highs, but attractive stocks with good growth prospects are still available for the picking.Wall Street analysts remain focused on the long-term prospects of stocks with solid growth potential. Investors can gain insights from the opinions of top analysts, who make recommendations after thorough research.Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance.NvidiaChip giant Nvi ...

Retailers are rounding out the last of the earnings season, with Abercrombie & Fitch Co (NYSE:ANF) set to announce fourth-quarter results before the open on Wednesday, March 6. The shares were last seen up 0.5% to trade at $126.65, following price-target hikes from both Jefferies and Telsey Advisory to $149 and $140 from $120 and $105, respectively.ANF earlier came just 1 cent shy of its Feb. 27, record high of $128.68, before pulling back to support near the $124 region. The equity is on track for its 12th ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Abercrombie & Fitch (ANF) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Marc ...

In a marked retreat from December's upbeat pace, Americans scaled back their spending in January. The latest report from the Commerce Department reveals a 0.8% drop in retail sales last month, contrasting with December's modest 0.4% uptick and defying market expectations.While adverse weather conditions may have played a role in this contraction, mounting financial pressures, such as higher interest rates, likely contributed to dampened consumer enthusiasm.Despite a strong job market and rising wages, consu ...

While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption than their European counterparts, according to Moody’s Investors Service.The Red Sea attacks, which were launched by Iranian-backed Houthi rebels in October, have resulted in longer transit times for cargo, as ships that would have transited the Suez Canal use alternate routes. In recent testimony on Capitol Hill, the National Retail Federation said that ...

Successful rebranding is significant in the fashion and retail industries, as it can be a ‘make it or break it’ event. And it seems that Abercrombie & Fitch (NYSE: ANF) has hit the jackpot recently.This casual wear company has seen its stock increase by 287.18% in the previous year, trumping gains made by Nvidia (NASDAQ: NVDA), which is touted as the best performer in the last 12 months.ANF 1-year stock performance. Source: Google Finance So what exactly led to this surge, which has made ANF the best perfor ...

The technology sector has delivered remarkable gains over the last year, with easing costs and an overall more favorable operating environment providing favorable tailwinds.While the gains have undoubtedly been impressive, there have been several non-technology stocks – e.l.f. Beauty (ELF) , Abercrombie & Fitch (ANF) , and Builders FirstSource (BLDR) – have all outperformed the Zacks Technology sector over the last year, as we can see below.Image Source: Zacks Investment ResearchIn addition to strong price ...