Max -3X Inverse Leveraged Fund (CARD)
ARCA ARCA Primary Summary
CARD Chart
Card Factory downgraded after earnings alarm is sounded
Panmure Liberum has downgraded Card Factory (LSE:CARD) to 'hold' after what it calls a shock profit warning that has damaged confidence in the near-term outlook. The broker has cut its price target to 80p from 150p.
Card Factory sends out profit warning
Card Factory (LSE:CARD) said pressures on UK consumers have affected confidence and shopping behaviour in the past few weeks. The company said these conditions have led to soft high street footfall and that UK store sales are running below earlier expectations as it enters its most important trading period.
Card Factory shares slip despite steady outlook
Shares in Card Factory (LSE:CARD) fell 5% in early trading after the retailer of greeting cards and gifts reported a drop in half-year profits, even as it stuck to its full-year guidance. The group posted a 6% rise in revenue to £248 million for the six months to the end of July, driven by new store openings, resilient like-for-like sales growth of 1.5% and strong seasonal trading around Valentine's Day and Mother's Day.
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Max -3X Inverse Leveraged Fund Profile
| ARCA Exchange | US Country |
Overview
The index comprises a specialized market indicator reflecting the performance and stock prices of U.S.-listed companies that are significantly involved in the automobile industry. This encompasses a broad spectrum of operations within the sector, ranging from manufacturing, parts supply, both new and used car sales, to various retail services related to the automotive industry. By tracking these companies, the index offers insights into the economic health and trends within the automobile sector, serving as a crucial tool for investors, analysts, and industry stakeholders to gauge market sentiment and make informed decisions.
Products and Services
- Automobile Manufacturing
This category consists of companies engaged in the design, development, manufacturing, and selling of cars, trucks, and other vehicles. It stands as a core component of the automobile industry, reflecting innovation, production capabilities, and consumer demand trends.
- Automobile Parts
Within this segment are businesses involved in the production and distribution of original equipment (OEM) and aftermarket parts and accessories. This includes everything from engines and transmissions to electronics and interior components, critical for vehicle maintenance, repair, and customization.
- Automobile Retail
Companies operating in this space specialize in the retailing of vehicles, including both new and used car dealerships. They play a vital role in the distribution chain, connecting manufacturers to consumers, and often offer a range of supplementary services such as financing, warranties, and vehicle maintenance.
