Diamonds and Dogs
Crocs (CROX) raises guidance. Crocs is up 11% to new highs as the company stated at an Investor Day conference, they see $5 billion in sales by 2026 with sandal sales expected to quadruple in the next 5 years. Crocs has also been collaborating with celebrities like Justin Bieber to produce unique shoes.
Profit-taking in the cable stocks. Comcast (CMCSA) is down 5% after comments at Bank of America conference where the company is saying net adds in cable business are slowing down since tail end of August following Olympics. Comcast is also to reportedly facing contract competition for English Premier League broadcasting rights after '21-'22 season. All the cable stocks are down at least 3%.
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