Citi Trends Inc

Stock down on sales guidance

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The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Shares of British chip designer Arm fell about 5% on Thursday morning, as lackluster revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications. Arm reported fiscal fourth-quarter revenue of $928 million Wednesday, marking … Read more

Citi updated its ‘highest conviction’ stock list for Europe

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Citi just refreshed its highest conviction stock ideas for Europe. The list comprises its analysts’ strongest buy and sell ideas for the next 12 months, according to Citi. It says its list of such ideas has delivered an absolute return of 10% over the last 12 months. Since January 2021, this list — which evolves … Read more