Amer Sports has nearly tripled in value since going public. Can the stock's huge returns, reminiscent of ONON and DECK in the past, continue going forward?
After a sharp 23% rebound in the S&P 500 since April, hedge funds are now stacking record levels of bearish bets against stocks as investors question the staying power of the tariff-relief rally.
U.S. stocks pulled back Tuesday morning as Wall Street recalibrated expectations on growth and inflation amid rising fiscal risks tied to President Donald Trump's sweeping tax proposal.
Amer Sports, Inc. (NYSE:AS) shares rise premarket after reporting record first-quarter FY25 results with a 23% revenue increase and raised guidance for EPS and sales for FY25. CEO James Zheng states confidence in managing potential tariff outcomes. CFO Andrew Page expects minimal impact from current tariffs on 2025 financials.
AMER SPORTS INC (NYSE:AS) meets Minervini’s Trend Template with strong technicals and high growth fundamentals, making it a candidate for momentum investors.
Goldman Sachs analyst Brooke Roach warns that U.S. tariff hikes will significantly impact retail, with China's tariff rate soaring to 54% and key sourcing nations like Vietnam (46%) and Cambodia (49%) facing steep increases. Apparel and footwear tariffs will average 38%, forcing brands to adjust pricing and negotiate costs.
