29 May Watchlist 👀
Today we are watching…
1. Abercrombie & Fitch (#anf)
US retailer, A&F, is looking solid ahead of its earnings announcement today. The company has a good history of beating earnings consistently and has seen some positive analysts revisions in the lead up to today. A&F bounced 4% at the start of trading yesterday, indicating some strong interest in anticipation of earnings today. The stock is currently 72% below its 5-year high, and a strong earnings report today could provide investors with evidence of longer term growth prospects. Make sure this one is in your watchlist!
2. PVH Corp (#pvh)
US consumer goods company, PVH Corp, is also gearing up for its earnings report today, and analysts are feeling upbeat about its chances of beating estimates. PVH’s continued diversification strategy has paid strong dividends this quarter, with its Tommy Hilfiger branch driving some strong performance. Moreover, improved trends in European and Asian markets have helped buoy margins for the company. On the flip-side, however, currency headwinds and a weaker performance from Calvin Klein may provide a slight drag on this report, but overall things are looking positive for PVH.