Stitch Fix Sinks, but This Little-Known Stock Is on the Rise Wednesday
The stock market has found some upward momentum this week, and the trend appeared to remain favorable heading into Wednesday's trading session. As of 8 a.m. ET, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up another 61 points to 35,774, extending the huge gains on Monday and Tuesday. S&P 500 (SNPINDEX: ^GSPC) futures rose 10 points to 4,695, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures picked up 48 points to 16,366.
We're in a relative lull with respect to companies reporting earnings, with the majority of businesses already having reported their financial results for the late summer and early fall. However, some stragglers are still offering their views on how economic conditions are affecting their specific businesses. This morning, Stitch Fix (NASDAQ: SFIX) shares are headed lower after the company reported its latest financial results late Tuesday. However, another stock that hasn't gotten as much attention from the investing community is moving higher after a favorable report. Below, we'll see why Stitch Fix disappointed investors, and then we'll reveal the stock that's riding a nice trend higher.
Image source: Stitch Fix.
Source Fool.com
