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Shares of several apparel retailers, such as Deckers Outdoor (DECK 5.19%), Gap (GAP 7.20%), and Abercrombie & Fitch (ANF 4.38%), rallied big on Friday, up 4.3%, 6.3%, and 3%, respectively, as of 2:37 p.m. ET, even as the broader markets plunged for the second day in a row.
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The U.S. is Vietnam's biggest trading partner with $119 billion in goods exported annually.
Deckers faces near-term headwinds. Yet, its strong brands and global strategy keep the long-term growth story alive.
Deckers (DECK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
A day following “Liberation Day,” the talk of the town is that investors have been liberated from capital gains taxes. The Dow Jones is down 3.72%, the Nasdaq is down more than 5%, and the Vanguard S&P 500 ETF (NYSE: VOO) is down 3.93% as of 10:25 a.m. ET. Why is the market selling off? Tariffs announced by the Trump Administration are estimated to reduce trade by $900 billion this year. Almost every Wall Street bank is now pulling back economic growth estimates for the year. Tariff rates on other countries announced last night range from 10% to more than 50%. As of 2022, the United States had a weighted-average tariff rate of about 1.5%. However, after Trump’s tariff announcement yesterday the United States would have a weighted average tariff rate of 29%. Another issue driving stocks down today is the fact these tariffs appear to be less of a ‘negotiating tactic’ and something that will be in place for a prolonged period of time. For example, both Vi
Stocks are plunging today on President Trump's announcement of a 10% blanket tariff on global imports and higher rates on most major trading partners last night.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Shares of Lululemon Athletica Inc., Deckers Outdoor Corp. and Nike Inc. were among the steepest decliners among S&P 500 companies caught up in Thursday's steep premarket selloff, as Wall Street grappled with the impact of President Donald Trump's tariffs.
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