PVH Stock Gets 25% Discount: Is Now the Time to Buy? PVH’s (NYSE: PVH) quality operations, cash flow, and capital returns make the 25% discount on share prices an opportune time to buy the stock. The cause of the price implosion is the guidance, which came in below the analysts' consensus estimates. However, as weak as the guidance is compared to consensus, the whisper was that guidance was expected to be light and cautious given the uncertain economic outlook for apparel makers. The company may have surprised the market with overly cautious guidance, but the takeaway is the same. This company is well-positioned to generate cash flow in 2024 and is set up for accelerated earnings growth when economic uncertainties evaporate. That could be as early as mid-summer when the FOMC is expected to cut or indicate the first interest rate cut in years. It's time to start your Weekend Side Hustle
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It's how some folks leverage large sums of money hoping that a stock moves in the "right" direction over a certain period of time. Click here to jump in on the next one PVH Stock Price Falls to a Critical Support Level The price action in PVH fell hard, more than 20%, and it may fall further. However, the market price moved into a congestion band that may provide support given the outlook for repurchases and share prices. If not, this market could fall another $15 to the $90 region before finding solid support. Assuming the market takes advantage of the opportunity today, the share price should start to form a bottom at or near the current level. Written by Thomas Hughes Read this article online › Featured Articles: |
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