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Buy signals are appearing, but an oversold bounce can’t be ruled out.
AMC, the movie-theater chain that obtained meme-stock status, has billions of dollars in debt due in the next few years.
Tapestry’s stock reversed an early selloff to trade higher Thursday, after the fashion company reported fiscal third-quarter profit that beat expectations, to offset another revenue miss.
“They were always thick as thieves, and we were never what you would call close, but I never would have suspected them of this.”
Investors are monitoring gasoline demand as they fret about the toll inflation is taking on consumers.
Rich Otto said morale has been crushed by recent layoffs and harmony is out of balance.
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