NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Taiwan Semiconductor Manufacturing Company Ltd., up $6.52 to $124.80.
The chipmaker said it will spend $100 billion over the next three years to increase manufacturing capacity.
Micron Technology Inc., up $4.20 to $92.41. The chipmaker gave investors an encouraging profit forecast after reporting solid fiscal second-quarter financial results.
Angi Inc., up $1.66 to $14.66.
The online marketplace for home services increased its majority stake in MyBuilder.
Wingstop Inc., up $8.66 to $135.83.
The restaurant chain gave investors an encouraging first-quarter financial update.
Guess Inc., up $1.06 to $24.56.
The clothing company handily beat Wall Street's fiscal fourth-quarter profit forecasts.
United Therapeutics Corp., up $25.07 to $192.34.
The Food and Drug Administration expanded approval of the biotechnology company's pulmonary hypertension treatment Tyvaso.
CarMax Inc., down $9.35 to $123.31.
The used car dealership's sales fell short of analysts' forecasts during its fiscal fourth-quarter.
Emergent BioSolutions Inc., down $12.45 to $80.46.
Johnson & Johnson is scrapping a batch of COVID-19 vaccine made by the biopharmaceutical company due to quality concerns.
Featured Article: How to Invest in Stocks with Increasing Dividends7 Outdoor Recreation Stocks For Growth And Dividends
If American’s liked outdoor activities before, they love them even more now. The COVID-19 pandemic has done many things, and one of them is reinvigorating American’s love of the outdoors. Data from across the industry shows a sustained uptick in revenue that has the entire complex moving higher.
The RV Industry Association, for example, reports shipments of RVs are up greater than 30% in 2020 and are expected to grow another 20% or more in 2021. If data from the two of the industry’s largest manufacturers are any indication, that forecast is very conservative.
And the gains aren’t limited to RVs. Everything that has anything to do with outdoor recreation is booming. Sales at Dicks Sporting Goods, an iconic brand for retail and the outdoors, has seen a sustained 20% increase in revenue since the 2nd quarter shutdowns. If anything, revenue in this sector is being held back by rapidly declining inventory and tight shipping conditions.
The stocks we are about to show all have something in common; the outdoors. Within the group, you will find everything from RVs to Radios and everything in between an outdoor enthusiast could need or want. Some pay dividends and some don’t, but all will deliver solid returns to investors in 2021.
View the "7 Outdoor Recreation Stocks For Growth And Dividends"
Companies Mentioned in This Article
Compare These Stocks
Add These Stocks to My Watchlist