|
Measuring the investment horizon of stock funds.
|
|
These growth stocks made shareholders richer over the last seven years, and they could do so once again over the next seven.
|
RELATED ARTICLES | | | | |
|
There isn't a compelling reason to choose between large-cap value and growth stocks in 2024 as high levels of uncertainties still linger, says DataTrek Research.
|
RELATED ARTICLES | | |
|
MercadoLibre is a dominant e-commerce and fintech platform in Latin America.
|
|
Treasurys sold off aggressively after Friday's nonfarm-payrolls report for November, pushing yields higher on everything from the 1-month bill to the 30-year bond. The rise in yields was led by 2- through 3-year rates, with the former jumping 12 basis points to 4.698%. Meanwhile, fed-funds futures traders pulled back on the likelihood of a Federal Reserve rate cut by March and now see a 47.5% chance of such a scenario unfolding — down from 64.5% a day ago, according to the CME FedWatch tool.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Johnson Outdoors Inc.'s stock JOUT tumbled 19% early Friday, after the maker of outdoor recreation equipment and technology posted a bigger-than-expected fiscal fourth-quarter loss and sales that missed estimates. "The end of the elevated pandemic-driven demand of the past few years, combined with higher inventory levels at retail, resulted in lower sales and profits for our 2023 fiscal year. Our fiscal fourth quarter was particularly impacted by significantly slower demand," CEO Helen Johnson-Leipold said in a statement. The Racine, Wisconsin-based company posted a net loss of $16 million, or $1.56 a share, for the quarter to Sept. 29, after income of $9.7 million, or 95 cents a share, in the year-earlier period. Sales fell to $96.3 million from $196.4 million a year ago. The FactSet consensus was for a loss of 32 cents a share and sales of $121.0 million. "Heading into fiscal 2024, we are working hard to outperform the challenging marketplace and improving our profitability profile," said Johnson-Leipold. The stock has fallen 18% in the year through Thursday's close, while the S&P 500 SPX has gained 19.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
Uncertainties with the companies mean these stocks aren't for everyone.
|
|
United Natural Foods Inc.'s stock UNFI was moving between gains and losses early Wednesday, after the grocery wholesaler posted a narrower-than-expected fiscal first-quarter adjusted loss, but sales that fell short of estimates. The company had a net loss of $39 million, or 67 cents a share, for the quarter to Oct. 28, after income of $66 million, or $1.07 a share, in the year-earlier period. Its adjusted per-share loss came to 4 cents, narrower than the FactSet consensus for a loss of 32 cents a share. Sales rose to $7.552 billion from $7.532 billion, but were below the $7.612 billion FactSet consensus. The company updated its fiscal 2024 guidance for its net loss and EPS to reflect non-cash asset charges and a gain on a sale, but backed guidance for sales. It now expects a net loss of $120 million to $46 million, compared with prior guidance of $110 million to $36 million. It still expects a loss per share of 88 cents to EPS of 38 cents and sales of $30.9 billion to $31.5 billion. The stock has fallen 58% in the year to date, while the S&P 500 SPX has gained 19%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
RELATED ARTICLES | | |
|
