Abercrombie & Fitch recently announced its strongest first quarter in company history, showcasing an impressive 22% increase in sales compared to the previous year. In addition, profits soared to nearly seven times higher than before, surpassing Wall Street’s estimates by a significant margin. The company’s reported net income for the period ending May 4 was
Earnings
The recent surge in the Nasdaq, breaking past 17,000 for the first time, has been primarily attributed to the remarkable performance of Club name Nvidia. Jim Cramer noted that Nvidia’s dominance in the market has led investors to possibly shift their focus towards this tech giant, resulting in a sell-off of broader market stocks to
After a turbulent day on Wall Street, Friday saw a rebound in the market, with Jim Cramer attributing the previous day’s decline to rising bond yields fueled by positive economic data. Despite this, shares of Nvidia saw a 9% increase post-earnings, giving a glimmer of hope to investors. Goldman Sachs has adjusted its forecast for