Shares of retail and apparel stocks are trading lower in possible sympathy with PVH, which dropped after issuing weak Q1 guidance. The sector may also be down amid overall market weakness on a rise in yields.
Portfolio Pulse from Benzinga Newsdesk
Retail and apparel stocks are trading lower, potentially in sympathy with PVH Corp. after it issued weak Q1 guidance. The sector's downturn may also be attributed to overall market weakness due to a rise in yields.
April 02, 2024 | 2:52 pm
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NEGATIVE IMPACT
Burlington Stores, Inc. may be trading lower in sympathy with PVH Corp. due to weak Q1 guidance from PVH and overall market weakness.
Burlington Stores, Inc. is likely affected by the negative sentiment surrounding PVH Corp.'s weak Q1 guidance and the general downturn in the market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Levi Strauss & Co. could be experiencing a decline in stock price in possible sympathy with PVH's weak Q1 guidance and due to overall market weakness.
Levi Strauss & Co.'s stock is potentially impacted by the negative market reaction to PVH Corp.'s weak Q1 guidance and the broader market's downturn.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
PVH Corp. issued weak Q1 guidance, potentially causing its stock and those of similar companies to trade lower.
PVH Corp.'s weak Q1 guidance directly impacts its stock price and has a negative spillover effect on similar stocks in the retail and apparel sector.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
VF Corporation's stock could be trading lower in sympathy with PVH Corp. following its weak Q1 guidance announcement and amid a general market downturn.
VF Corporation is likely affected by the negative market sentiment towards PVH Corp.'s weak Q1 guidance and the overall weakness in the market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75