Luxury, Hotel Stocks Are All the Rage as Tourists Flock to Japan
  • January 21, 2025

Luxury, Hotel Stocks Are All the Rage as Tourists Flock to Japan

(Bloomberg) -- Japan’s stock market is only now waking up to potential gains from record numbers of big-spending tourists.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsWhat LA’s Fires Mean for the City’s Housing ShortageA growing number of companies, including a seller of v

Agilysys (NASDAQ:AGYS) Misses Q4 Revenue Estimates, Stock Drops 13.4%
  • January 21, 2025

Agilysys (NASDAQ:AGYS) Misses Q4 Revenue Estimates, Stock Drops 13.4%

Hospitality industry software provider Agilysys (NASDAQ:AGYS) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 14.9% year on year to $69.56 million. The company’s full-year revenue guidance of $273 million at the midpoint came in 3.2% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was 10.9% above analysts’ consensus estimates.

Apple Loses Top-Stock Crown as Analysts Downgrade on iPhone Risk
  • January 21, 2025

Apple Loses Top-Stock Crown as Analysts Downgrade on iPhone Risk

(Bloomberg) -- Apple Inc. received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed Opportunit

Gap (GAP) Stock Trades Up, Here Is Why
  • January 21, 2025

Gap (GAP) Stock Trades Up, Here Is Why

Shares of clothing and accessories retailer Gap (NYSE:GAP) jumped 6.4% in the afternoon session after Argus Research analyst Christine Dooley upgraded the stock's rating from Hold to Buy. The analyst cited the potential for a turnaround across key brands (Gap, Banana Republic, Old Navy, and Athleta) while acknowledging management's efforts to "revitalize the brands."