Mohawk Industries’ stock rallies as flooring-products maker draws upgrade on boosted profit view

Date:

July 26, 2024

Mohawk Industries Inc.’s stock jumped 16% on Friday after the maker of flooring products said it would beat analyst estimates for its third quarter and revealed plans to cut more costs, and after drawing an upgrade to buy from hold from BofA Securities.

Source link

Recall of Boar's Head deli meats announced during investigation of listeria outbreak

'Awfully weird': Trump 'absolutely' regretting picking JD Vance

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Mohawk Industries’ stock rallies as flooring-products maker draws upgrade on boosted profit view

Recent posts

Trump’s or Harris’s spending plans could be dashed by a repeat of the ‘great bond massacre’

Holiday sales growth could slow to pre-pandemic levels, retail group says

Olive Garden parent Darden’s Q1 earnings fall short after ‘significant’ drop in traffic in July

Levi’s sales miss expectations, and jeans maker forecasts higher costs for marketing and logistics

Why Saudi Arabia may ‘open the spigot’ on oil production — and crater crude prices

Silver’s scarcity factor is helping it catch up to gold’s record run

Prescription-drug middlemen face mounting bipartisan criticism on Capitol Hill

Dollar General asks shareholders to reject investment firm’s stock-purchase offer

After falling quarterly sales, Mattel says next year will be better

ASML says chip-market slump will mainly impact sales to China

Airbnb is seeing ‘strong demand trends’ — with these caveats

Oil prices fall after weak China data sparks demand concerns

Zenas BioPharma sets price range for $200 million initial public offering

UBS to put Credit Suisse Real Estate Fund International into liquidation

Eli Lilly’s Alzheimer’s drug wins FDA approval

Related articles

Here’s Larry Summers’ advice to Trump on the economy and Elon Musk

Trump’s choice of Dr. Oz to oversee Medicare and Medicaid could be ‘devastating’ for millions of Americans

Buy gold after its pullbacks — because it may hit $3,000 in 2025

Bitcoin sits near record high. More good news for investors: It’s now less volatile.

RFK Jr. may start a food and drug ‘culture war.’ Investors are running for cover.

Here’s what bond and gold traders are signaling about Russia’s nuclear shift

Stock market ‘finally paying more attention to tariffs’ as a potential headwind

Investors are bracing for higher-for-even-longer interest rates

Company

Follow us