Piper Sandler's Craig Johnson warns of potential market pullback in 2024 amid historic performance, advises taking profits on NVIDIA and watching less-covered stocks.
Shares of many retail value stores are trading lower, including Big Lots Inc. (NYSE: BIG) and Five Below Inc. (NASDAQ: FIVE) among others, as investors digest the latest earnings reports.
10 large-cap stocks worst performers last week: MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius, Agilent, Snowflake, ServiceNow, Hormel. Are they in your portfolio?
Truist Securities has reiterated its Hold rating for Dollar General, lowering the price target from $140 to $135. Analyst Scot Ciccarelli notes better-than-expected comparable sales but expects a backend-loaded year, adjusting 2024/2025 estimates to $7.30/$8.05 from $7.35/$8.20. Despite 4% traffic growth, shopping behaviors reflect a stressed customer base.
Dollar General Corp (NYSE:DG) reported better-than-expected first-quarter financial results on Thursday. Dollar General reported first-quarter FY24 sales growth…
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.