Top 3 Risk Off Stocks You May Want To Dump In Q4
Herbalife, Utz Brands and BBB Foods show overbought RSI readings above 70, warning momentum-focused consumer staples investors.
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Herbalife, Utz Brands and BBB Foods show overbought RSI readings above 70, warning momentum-focused consumer staples investors.
BBB Foods (NYSE:TBBB) reported second-quarter financial results on Thursday. The transcript from the company's second-quarter earnings call has been provided below. This content is powered by Benzinga APIs. For
JP Morgan analyst Joseph Giordano maintains BBB Foods (NYSE:TBBB) with a Overweight and raises the price target from $48 to $67.
BBB Foods director Sami Gabriel Khouri sold 14,101 shares (~$573,500) on August 7 to cover tax withholding from exercised stock options. The sale is non-discretionary and carries no investment signal. Meanwhile, BBB Foods reported strong Q2 results with 39% revenue growth to 26 billion pesos, 20% same-store sales lift, and 155 net new store openings. Despite a reported net loss (driven by non-cash charges), operating cash flow surged, and the company is funding aggressive expansion without increasing debt.