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September 26, 2021

Poshmark Inc

Steer clear of ‘high-risk’ IPO space as roughly half of 2021’s debuts trade below offering price, trader says

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CNBC – For more and to sign up click here Steer clear of newly public stocks, one trader warns. Market conditions are turning less favorable for initial public offerings after a record 2020, Chantico Global founder and CEO Gina Sanchez told CNBC’s “Trading Nation” on Wednesday. Roughly half of 2021’s......

Wall Street’s best-performing analysts think investors might be overlooking these stocks

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CNBC – For more and to sign up click here Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Finding fresh investment opportunities in the current financial environment isn’t easy, to say the least. However, following the recommendations of analysts who consistently get it right is one way......

Stocks making the biggest moves after hours: Coinbase, Poshmark, FuboTV & more

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CNBC – For more and to sign up click here Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Poshmark......

U.S. stock futures little changed after Dow, S&P 500 fall from their highs

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were little changed on Monday night after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading amid concerns about......

Delta, Apple, Best Buy are some stocks that will benefit from consumer spending rebound, Cramer says

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CNBC – For more and to sign up click here The corporate earnings season is under way, and CNBC’s Jim Cramer thinks the early reports from major banks all have something in common: they indicate consumer spending could soon surge. “I think we’re at an inflection point where consumer spending can truly......

Online thrift store Poshmark CEO sees fashion shift as consumers ‘purge’ closets

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CNBC – For more and to sign up click here Fashion trends are shifting as consumers prepare for the post-pandemic world, Manish Chandra, CEO of online resaler Poshmark, told CNBC Thursday. Sales of clothing for going out are on the rise after roughly a year of lockdowns. Meanwhile, fitness apparel......

Shoppers say they would buy more secondhand clothes if they could skip the sales tax, survey says

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CNBC – For more and to sign up click here ThredUp is an online consignment and thrift store. It has struck partnerships with retailers, including Walmart. ThredUP Secondhand apparel has gained popularity among shoppers and now, some want the government to give it a boost. Nearly half of consumers —......

Rent the Runway enters $33 billion fashion resale market as it looks to build back from pandemic lows

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CNBC – For more and to sign up click here Jennifer Hyman, Rent the Runway  Scott Mlyn | CNBC Rent the Runway said Wednesday it is expanding into resale, a major evolution for the fashion rental platform. Customers will soon be able to buy used designer clothes from the business......

Poshmark’s first-quarter sales rise 42% as sticker-conscious shoppers turn to used clothes

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CNBC – For more and to sign up click here Rafael Henrique | LightRocket | Getty Images Poshmark on Wednesday reported first-quarter revenue growth of 42%, as consumers turned to the secondhand site to refresh their wardrobes without breaking the bank. “There’s a real meaningful shift as people are preparing......

Four ways consumer spending will change once more people are vaccinated

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CNBC – For more and to sign up click here Shoppers wearing protective masks exit from a Hennes & Mauritz (H&M) store in the Herald Square area of New York, U.S., on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images As more people receive the Covid-19 vaccine,......

Sneaker reseller StockX’s valuation jumps to $3.8 billion

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CNBC – For more and to sign up click here Scott Cutler, CEO, StockX Scott Mlyn | CNBC StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion. On Thursday, StockX announced the conclusion of a $195 million secondary......

Ready to dress up again, teens turn to online brands Shein and Princess Polly, and thrift store finds

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CNBC – For more and to sign up click here Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to be glued to social media apps like......

Poshmark sales top estimates in its first quarterly report as a public company, but outlook disappoints; shares fall

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CNBC – For more and to sign up click here Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Poshmark‘s revenue topped analysts’ estimates, in its first financial report......

Stocks face the crosscurrents of higher interest rates and fiscal stimulus in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The Covid-19 aid package is on track for final congressional approval in the week ahead — and it could be a double-edged sword for......

Online clothing reseller Poshmark jumps more than 130% as it begins trading

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CNBC – For more and to sign up click here Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a......

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