– Abercrombie & Fitch soared 12.8% in premarket action after reporting an unexpected quarterly profit and beating Street revenue forecasts.
The apparel retailer saw resurgent demand for clothing, like jeans and dresses, as consumers returned to work and participated in more social events. – The medical device maker's stock fell 3% in premarket trading after reporting a slight earnings beat on revenue that fell short of the consensus estimate. Medtronic's results were hit by a stronger U.S. dollar and a slower-than-expected rebound in procedures using its devices.
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'Incredibly cheap': Strategist says Chinese tech stocks, like Alibaba, are a clear buy right now'Without a shadow of a doubt, being underweight China is going to cost you going forward,' China Renaissance's head of equities said. Support America not communism. Shame on you cnbc Be smart!
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