Analyst Sees 20% Upside for Red-Hot Retail Stock

The Dow was down more than 100 points in early trading

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Midday Market Check
MIDDAY MARKET CHECK
 
 

9/23/2019

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Dow, S&P Swing Higher After U.S. Factory Data

By Karee Venema
Share On

The Dow Jones Industrial Average (DJI) was down more than 100 points earlier, as disappointing eurozone and German factory data fanned fears of a slowing global economy. The blue-chip index has since erased these earlier losses, after IHS Markit's flash purchasing managers index (PMI) for U.S. manufacturing arrived at a better-than-expected 51 in September. But while the S&P 500 Index (SPX) has swung higher with the Dow, the Nasdaq Composite (IXIC) is still in the red at last check.

 Continue reading for more on today's market, including:

  • Analyst sees 20% upside for this red-hot retail stock.
  • Behind Chewy stock's new "buy" rating.
  • Plus, pre-earnings bulls blitz BlackBerry; Thomas Cook collapse hits Carnival; and a C-suite shake-up sinks Akcea Therapeutics.
>> Continue reading...
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The firm expects its reduced gluten Goodwheat product to be ready for retail by year's end
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The analyst called fundamental concerns "overblown"
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The brokerage firm expects 20% upside from the yoga apparel name
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