Big Lots (BIG.US) estimates its third-quarter earnings will be between 50 cents to 70 cents per share, compared to a analysts' expectations of 21 cents a share due to higher demand for home goods. Chief Executive Bruce Thorn said the company is on track to meet customer demand, "and early reads on Christmas are very encouraging. The discount retailer’s fiscal third-quarter ends Oct. 31.
Big Lots (BIG.US) stock rose 66% in the year to date, boosted by pandemic-related demand. Currently price is testing support at $49.55 per share which previously acted as a resistance. Should buyers manage to stay above it, then another upward impulse towards $57.33 per share could be launched. On the other hand, once sellers regain control, the support at $42.87 per share may be at risk. Source: xStation5
Stock of the Week: Lam Research. The quiet seller of AI "picks and shovels"
OpenAI heads into a price war ahead of an IPO?
US OPEN: A recovery after declines, Trump threatens to resume fighting with Iran
Market wrap: European stock indices try to rebound 📈 WizzAir surges 6% after earnings
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
