Why Investors Punished These 2 Stocks Thursday
Wall Street has been on edge recently, trying to figure out what the Federal Reserve is likely to do in light of new economic data and persistent inflation. Although stocks got off to a slow start out of the gate Thursday morning, most major benchmarks recovered by midday to post modest gains.
However, the same wasn't true for a pair of individual stocks. Levi Strauss (NYSE: LEVI) announced quarterly earnings that left investors wondering what will come next for the apparel giant, while Super Micro Computer (NASDAQ: SMCI) had to deal with negative comments from Wall Street professionals who aren't entirely comfortable with the direction the company is taking.
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Source Fool.com
