Inflationary pressures are finally easing in the second quarter, with the consumer price index (CPI) reading remaining unchanged in May after dropping in April. Year over year, CPI rose 3.3%, which came in slightly below analysts' expectation of a rise of 3.4%. The decline in inflation in May came as cheaper gasoline prices overshadowed higher rental costs. Gasoline prices declined 3.6% in May after increasing 2.8% in the prior month. However, the cost of rent jumped 0.4% in May for the second straight mont ...

In the latest market close, Crocs (CROX) reached $157.45, with a +1.89% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.85%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq added 1.53%. For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.66 per share and a revenue of $4.13 billion, signifying shifts of +5.24% and +4.35%, respectively, from the last year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Stron ...

The latest trading session saw Crocs (CROX) ending at $148.41, denoting a +0.27% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq decreased by 0.09%. Shares of the footwear company witnessed a gain of 9.3% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 1.42% and the S&P 500's gain of 4.59%. Market part ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Crocs (CROX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Crocs currently has an average brokerage recommendation (ABR) of ...

Investors are always searching for stocks that deliver market-beating gains. And many stocks have done precisely that over the last several years. Specifically, three stocks – Crocs (CROX) , Wingstop (WING) , and Nvidia (NVDA) – have all outperformed the S&P 500 over the last five years, as illustrated below. Image Source: Zacks Investment Research It raises a valid question – what drives market outperformance? Let's take a closer look at a few common traits among the companies. 1. Robust Sales Growth is Ke ...

Inflation, which resumed its climb in the first quarter of 2024, is finally showing signs of cooling. The Commerce Department said that personal consumption expenditure (PCE), the Federal Reserve's favorite inflation gauge, increased just 0.3% month over month in April, unchanged from March's rise and in line with the consensus estimate. Core PCE, which excludes the volatile food and energy prices, rose 0.2% month over month, lower than March's rise of 0.3% and the consensus estimate of a repeat of 0.3%. Ye ...

If you have been a reader of my past articles, you will know that I am very favorable to the momentum anomaly. There are few trading edges as well researched and proven as momentum, which I why I focus on it so regularly. Image Source: Zacks Investment Research Another of my favorite market advantages is the Zacks Rank, which is phenomenal at identifying winning stocks, by aggregating analysts' earnings revision trends. By combining these two factors, investors can regularly research and trade some of the b ...

The Q1 cycle has slowed down considerably, with the bulk of S&P 500 companies already revealing quarterly results. The period was overall positive, underpinned by a notably strong performance from the tech sector. And concerning the positivity, several companies in particular, including Crocs (CROX) , e.l.f. Beauty (ELF) , and Walmart (WMT) , all saw shares move higher post-earnings. But what was there to like in each respective release? Let's take a closer look. Crocs Crocs has jumped back into style recen ...

Americans regained their confidence in May after three months, although inflation worries persisted. Also, consumers are much more confident about the current business scenario and hopeful about future business conditions. Consumers' confidence hit rock bottom over the past three months as concerns grew over higher food, energy and shelter costs. However, it rebounded in May. The Conference Board said on May 28 that the consumer confidence index rose to 102 in May from an upwardly revised 95.7 in the prior ...

BROOMFIELD, Colo., May 30, 2024 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX), a global leader in innovative casual footwear for all, today announced that it will present at Baird's 2024 Global Consumer, Technology & Services Conference on Thursday, June 6, 2024 at 8:30 AM ET. A live broadcast of the Company's presentation may be found on the Investor Relations section of the Crocs website, investors.crocs.com. A replay of the webcast will remain available on the website following the completion of the confere ...