Why Tile Shop Holdings, Cameco, and National Beverage Slumped Today
Tuesday was another solid day for the stock market. The Dow and other major benchmarks climbed to all-time highs, riding the continued wave of optimism among investors that the U.S. economy will be able to support consistent and steady growth indefinitely into the future. Good news from the auto sector also added to positive sentiment. Yet some companies weren't able to participate in the advance, and Tile Shop Holdings (NASDAQ: TTS), Cameco (NYSE: CCJ), and National Beverage (NASDAQ: FIZZ) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.
Shares of Tile Shop Holdings plunged 36%, adding to losses from late last month after the tile retailer released disappointing preliminary financial results for the third quarter. The company said that comparable-store sales growth would be just 1%, with revenue gains limited to 7% overall due to increased competition in the home improvement retail space. The key question that Tile Shop investors have to answer is whether they think the issues that Tile Shop faces are short-term in nature or are fundamental long-term obstacles to the success of the company's business model. For those who think that Tile Shop can bounce back, the big drop represents an attractive opportunity.
Image source: Tile Shop.
Source: Fool.com
Cameco Corp. Stock
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Cameco Corp..
As a result the target price of 57 € shows a very positive potential of 60.02% compared to the current price of 35.62 € for Cameco Corp..