Streetbeat News

ROSS

Ross Acquisition Corp II

ross acquisition corp ii is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Open

11.00

Mkt cap

151M

Volume

3.4K

High

11.08

P/E Ratio

58.32

52-wk high

11.12

Low

11.00

Div yield

N/A

52-wk low

10.21

US stocks fell on Thursday as traders awaited Fed Chair Powell's speech at the Jackson Hole Symposium. The dollar and Treasury yields rose, impacting bonds and gold negatively. The energy sector outperformed due to rising oil prices, while tech lagged. Notable stock movements included Snowflake's 12% drop and Zoom's 13% rise.

Portfolio Pulse from Piero Cingari

August 22, 2024 | 5:20 pm

Discount retailers like TJX Corporation and Ross Stores Inc have thrived as consumers drift away from high-end retailers. Ross Stores topped quarterly estimates and improved its outlook, causing its shares to rise about 6%. The Estee Lauder Companies issued a weak guidance and slow recovery of its business in Asia. Farfetch Limited stock dropped after the luxury fashion e-commerce retailer posted a big revenue miss and weaker than expected guidance. This trend continues the narrative that high-end retailers are losing out, while necessities and off-price retailers are winning.

Portfolio Pulse from Upwallstreet

August 18, 2023 | 6:16 pm

Ross Stores forecasts EPS of $4.77-$4.99 for the 53-week period ending February 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 8:03 pm

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