Outdoor industry growth offers support opportunity
New hunter Jeremey James uses a Maven spotting scope to search for mule deer in Colorado. Submitted photo
Across the country, people are talking about the run on sporting goods and outdoor gear. Product availability has been limited in many areas. Kayaks, tents, firearms, fishing equipment and other types of outdoor gear is being sold in record numbers. More people experiencing the outdoors is good for business, but that doesn’t mean the industry is whole.
Johnson Outdoors Inc., which describes itself as, “a leading global innovator of outdoor recreation equipment and technology,” recently released a report titled “Johnson Outdoors Reports Surging Sales in Outdoors Products.” It highlights the company’s revenue growth through a challenging time.
Provided by Dow Jones
By Mischa Frankl-Duval and Karen Langley The S&P 500 rose slightly Wednesday as investors scrutinized lawmakers progress toward a stimulus package after new data showed a pullback in retail sales. The broad U.S. stock index was up 0.2% as of the 4 p.m. close of trading in New York. The Dow Jones Industrial Average was down about 0.2%, dropping 44 points, while the tech-heavy Nasdaq Composite added 0.5%. The retail sales report was the latest indication the economic recovery may be slowing as coronavirus cases surge in the U.S. Wednesday s data showed U.S. retail sales dropped a seasonally adjusted 1.1% in November from the prior month, with restaurants, department stores and vehicle dealerships reporting sharp sales declines.
Provided by Dow Jones
By Karen Langley and Mischa Frankl-Duval The S&P 500 rose Wednesday as lawmakers neared a coronavirus relief deal and the Federal Reserve indicated most officials expect rates to remain near zero for years. Fiscal and monetary stimulus have helped bolster the economy and send the stock market to new heights even as the coronavirus pandemic spread throughout the U.S. The S&P 500 rose 6.55 points, or 0.2%, to 3701.17, just shy of a record. The Nasdaq Composite advanced 63.13 points, or 0.5%, to 12658.19, its 52nd record close of 2020. The Dow Jones Industrial Average slipped 44.77 points, or 0.1%, to 30154.54. Congressional leaders were closing in Wednesday on a roughly $900 billion coronavirus relief deal that was expected to include another round of direct payments to households, The Wall Street Journal reported. The package was also expected to include enhanced unemployment insurance.
American Outdoor Brands, Tilray: What to Watch When the Stock Market Opens Today marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
DISH, Brinker fall; GoDaddy, Tilray rise
by The Associated Press
Last Updated Dec 16, 2020 at 4:26 pm EDT
NEW YORK Stocks that moved heavily or traded substantially Wednesday:
AutoZone, up $11.13 at $1,190.50
The auto parts and products retailer boosted its stock buyback program by $1.5 billion.
DISH Network, down $4.17 at $31.51
The satellite television provider announced a $2 billion debt offering, partly to help fund the building of its 5G network.
GoDaddy, up $2.16 at $88.00
The cloud-based technology products developer is buying payments company Poynt.
Ollie’s Bargain Outlet Holdings, up $1.56 at $80.73
The retailer boosted its stock buyback program by $100 million.
Tilray, up $1.46 at $9.33
Aphria is buying the fellow cannabis company.