Schaeffer's Top Stock Picks for '25

2 Retail Stocks Hitting Record Highs After Earnings

DKS and ANF are soaring after their upbeat first-quarter reports

Deputy Editor
May 29, 2024 at 10:57 AM
facebook X logo linkedin


Retailers Dick's Sporting Goods Inc (NYSE:DKS) and Abercrombie & Fitch Co (NYSE:ANF) are in focus on Wall Street today, following their strong first-quarter earnings reports. Both companies announced better-than-expected results, with Dick's Sporting Goods raising its profit forecast on accelerating demand, while Abercrombie & Fitch lifted its sales growth forecast following its "best quarter ever." 

At last glance, DKS was up 15.5% at $225.20, earlier hitting a record peak of $228.36. Today's price action continues the stock's impressive history of positive post-earnings moves, and extends its March bull gap following its last report. Since the start of the year, the equity is up 53%. 

So far today, Dick's Sporting Goods stock has seen 12,000 calls and 8,247 puts exchanged, which is already triple its average daily options volume. The weekly 5/31 240-strike call is the most popular, where new positions are being opened. 

Abercrombie & Fitch stock is trading at record highs as well, last seen up 15.8% at $176.53, earlier as high as $180.67. The stock has been steadily moving higher for the last year, up 463.7% year over year and on track for its 10th monthly win in the last 12 months. 

So far, ANF has seen 14,000 calls and 18,000 puts cross the tape, which is already 3.7 times its average daily options volume. The weekly 5/31 170-strike put is the most active contract, with new positions being opened there. 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter