Companies with stocks near 52-week lows that analysts expect to roar back include Dick's Sporting Goods, McDonald's and L3Harris.
Dick's Sporting Goods shares plunged more than 30% on Tuesday, marking the retailer's worst trading session on record after quarterly earnings missed Wall Street expectations and management sharply reduced its full-year outlook. The stock remained under pressure on Wednesday too, falling more than 1% in premarket trading.
CNBC's Jim Cramer said investors shouldn't give up on Dick's after its record 30% plunge, arguing the core business remains relatively strong despite industry-wide pressure. He said Foot Locker drove much of the weakness and is proving harder to turn around than expected, but Cramer thinks the selloff creates a more attractive long-term setup.
Dick's Sporting Goods stock tumbled over 29% after warning of weakening consumer demand for athletic apparel and footwear amid fewer product launches.
Shares tumbled after the retailer revealed footwear discounts are sapping profits. The chairman defended a $2.4 billion deal for the sneaker chain.
SAN DIEGO--(BUSINESS WIRE)---- $DKS--Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of DICK'S Sporting Goods, Inc. (NYSE: DKS) against certain of its officers and directors for alleged breaches of fiduciary duty.What Should DICK'S Shareholders Do?If you have held DICK'S shares continuously since prior to May 25, 2022, you may have standing to...
Dick's Sporting Goods plummeted 28%, its worst single-day loss ever, after the company missed sales and profit expectations and slashed its outlook.