Diamonds and Dogs

8/31/23

Athletic retailer, Academy Sports and Outdoors (ASO) is jumping 5% on earnings. The earnings were not great as revenues fell 6.2% to $1.58 billion. Guidance was inline verse Dicks Sporting Goods which lowered guidancea a week back. A tough time for the retail space.

One AI stock trading lower. Palantir Tech (PLTR) is down 8% on a downgrade at Morgan Stanely. The analyst believes the near-term optimism about AI products is priced in and the opportunity to monetize the products will take time. The analyst has a $9 price target.

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