Shares of teen apparel manufacturer Abercrombie & Fitch (NYSE:ANF) have declined precipitously this year, as the company is continuing to log disappointing quarterly results and is projecting an equally as dismal fiscal outlook. Investors seem to be eager to bail on this potential turnaround candidate, and for good reason. While Abercrombie & Fitch is making some fiscally wise moves to bolster its standing, ultimately the company faces strong industry headwinds and concerning fiscal indicators that are heading in the wrong direction. I expect Abercrombie & Fitch to continue to disappoint investors for the near-to medium term. [more]
Peer-to-peer loan company Lending Club (NYSE:LC), after setting the price for its Initial Public Offering (IPO) well above the expected range, saw its shares rise meteorically in their market debut. Over 46 million shares changed hands in the first day of trading with the stock closing up 56.2% at $23.43. [more]
Denver, Colorado-based RE/MAX Holdings (NYSE:RMAX) has been firing on all cylinders recently, as its latest quarterly report has powered its stock to new heights.
Are the past couple weeks an indicator of good things to come, or should investors stay away from the stock at these valuations? I believe that RE/MAX is a relatively low-risk way to bet on the recovery of the housing market, has strong financials to back up its valuation, and poses a great investment opportunity for the long haul. ----------> Click here to continue reading [more]
On December 4, Barnes & Noble (NYSE: BKS) and Microsoft (NASDAQ:MSFT) ceased their business relationship collaboration on the Nook e-reader. Barnes & Noble stock, which has made gains this year due to optimism about decreasing losses, significantly declined after the news. [more]
On November 25, Twitter (NYSE:TWTR) Chief Financial Officer Anthony Noto accidentally revealed potential acquisition plans on his Twitter page after he posted a tweet seemingly intended for another Twitter colleague for a direct message. The message said, "I still think we should buy them. He is on your schedule for Dec. 15 or 16-we will need to sell him. I have a plan." The tweet was captured in screenshots by hundreds before it was quickly deleted. The phenomenon of accidentally tweeting something intended for private messaging is common due to Twitter's layout, and it even has been given a formal name: "direct message (DM) fail." This DM fail has naturally spurred intense speculation in the media. [more]