New Strong Sell Stocks for April 3rd
Posted on Wednesday April 03, 2024
BOSSY, SBOW and UWMC have been added to the Zacks Rank #5 (Strong Sell) List on April 3, 2023.
Hugo Boss lands on Roblox to promote new denim-inspired clothing line
Posted on Thursday March 07, 2024
Planet Hugo carries interactive experiences such as a fashion match game that lets players style different looks.
Hugo Boss disappoints with 2024 outlook, shares tumble
Posted on Wednesday March 06, 2024
Hugo Boss warned of much slower sales growth this year and forecast a profit below analyst estimates, sending shares in the German fashion house down 17% on Thursday and set for their worst session in eight years. It expects sales growth of 3% to 6% to around 4.30-4.45 billion euros, it said, below the 4.56 billion seen by analysts a company-provided poll and sharply below 18% growth in 2023. "This triggers concerns about possibly fiercer promotional activity this year weighing on the gross margin," said Cedric Rossi, next-gen consumer analyst at Bryan Garnier.
MORNING BID EUROPE-ECB also wants more evidence
Posted on Wednesday March 06, 2024
Federal Reserve Chair Jerome Powell was unambiguous overnight, but the European Central Bank meets today and is more divided and hesitant about committing to monetary easing. The ECB is universally expected to keep its policy rate at a record 4.0%, and policymakers are likely to repeat that they need more evidence inflation is under control and that ongoing wage increases will not give it another leg up. ECB President Christine Lagarde's message will be key, for new economic projections are likely to point to lower economic growth and inflation this year, which may require the central bank to tweak its message slightly.
