CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

L Brands shares surge on upbeat quarterly results

16:59 19 November 2020
L Brands (LB.US) stock soared over 15% after company reported better than expected quarterly results. Fashion retailer which owns brands like Victoria's Secret and Bath & Body Works earned $1.13 per share for its latest quarter, well above analysts' expectation s of 9 cents a share. Revenue of  $3.06 billion exceeded market estimates of  $2.67 billion. Comparable sales were up 4% for Victoria's Secret and 56% for Bath & Body Works.  The company heads into the holiday season with “well positioned” inventory and “encouraged” by early responses to its merchandise, Chief Executive Andrew Meslow said. “However, we are cautious about our ability to exceed last year’s fourth-quarter sales and earnings results, given anticipated constraints on store traffic, online fulfillment and shipping capacity, as well as other uncertainties related to the COVID pandemic,” he said.
L Brands (LB.US) stock launched today’s session with a massive bullish price gap, however buyers were unable to hold onto gains and price pulled back. Currently stock is testing strong support at $37.91. If buyers will manage to halt declines here, then another upward impulse towards $44.09 could be launched. On the other hand, if sellers will manage to break below, a bigger downward correction may start.  The nearest support  lies at the upward trendline. Source: xStation5

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.

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