Why These 5 Stocks Are Trending on Tuesday

Page 5 of 5

1. Abercrombie & Fitch Co. (NYSE:ANF) has slid over 30% as of 2:02 PM ET after the company cut its sales outlook for the current year, citing economic headwinds. Abercrombie & Fitch Co. (NYSE:ANF) shared that the product and freight costs were weighing down on the margins. Moreover, supply-chain backlogs are resulting in inventory piling up with the customer demand weakening. Abercrombie & Fitch Co.’s (NYSE:ANF) CEO stated that the company is working on reducing the high logistical expenses in the near future.

Abercrombie & Fitch Co. (NYSE:ANF) was held by 26 hedge funds at the end of Q1 2022.

You can also take a peek at the 12 Best US Stocks to Buy Now and 10 European Defense Stocks to Buy Now.

Page 5 of 5