Quick reading Guggenheim initiated coverage of StubHub (STUB) with a Buy rating and a $12.50 price target, betting on enduring demand for live events and tailwinds in global ticket sales. StubHub’s swinging first-quarter profitability and EBITDA growth of 50% support the bullish case, although risks from high leverage and consumer confidence warrant careful position sizing….
A month of war and rising gasoline prices has dented consumer confidence in the United States, leading to a steady decline across all age groups, income levels and political party affiliations, according to the latest University of Michigan Consumer Survey. Not only are Americans feeling worse about the current economy, but their expectations for next…
In recent months, Kroger has seen a slight decline in consumer demand amid recent economic uncertainty and increased competition. During the third quarter of this year, Kroger saw its identical sales (without fuel) increase 2.6% year over year, according to its latest earnings report. However, recent data from market research company Numerator, which was shared…
In an encouraging sign of growing optimism, both consumer confidence and the S&P 500 index are rising, signaling a possible economic recovery and a move away from a recession. The latest data from the University of Michigan shows a notable 13% increase in consumer confidence in July, marking the second consecutive month of improvement and…
