"Hanesbrands at some point is going to stage a comeback. I mean, this commando situation can't go on forever," Sanchez told CNBC's "Hanesbrands has short interest at 10% of its float. The stock has rebounded hard off its lows, rallying nearly 130% since its early April bottom.
Delano Saporu, founder of New Street Advisors, is watching a different consumer stock with high short interest.what you really want to see is execution. So, can they improve?" he said during the same "Trading Nation" segment.
On the travel stocks with high short interest, Saporu says these are ones to avoid until there's clarity on the pandemic front.
TradingNation Let's Walmart
TradingNation Njah! Riding with Electrolux here.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures point to modest Wall Street gains ahead of big retail earnings weekU.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. 1,150 Americans died of Covid-19 yesterday. wow i guess all you have to do is have 170,000 people die and close most businesses and the dow will soar ?
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street is going back to entertaining clients in social-distancing era - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunitiesYour weekend brief: Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunities Trading wouldn't be something I'm interested in. More mega-deals 😉 I haven't good any feedback on the potential 5g deal yet. Larry Fink said 7% I believe.
Source: CNBC - 🏆 12. / 72 Read more »