Business

Why Aphria, Hibbett Sports and Total System Services jumped today




<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The stock market recovered some lost ground On Friday, they sent modest gains that investors sought to look at the grand side of controversial issues such as trade with China and the possibility of economic downturns all over the world, market participants still seem far from safe in their confidence about the potential for favorable conditions in the United States, but good news from several companies supported a more optimistic view of the markets to a large extent. Aphria (NYSE: APHA) Hibbett Sports (NASDAQ: HIBB) ] and Total System Services [1[ads1]9659002] (NYSE: TSS) was among the top players, here's why they did well. "Data-reactid =" 11 "> The stock market regained some lost ground on Friday and sent modest gains as investors tried to look at it strong side of disputed issues like trading with Kin a and the possibility of economic downturns worldwide. Market participants still seem far from certain in their confidence about the opportunities for favorable conditions in the US, but good news from several companies supported a more optimistic view of the markets. Aphria (NYSE: APHA) Hibbett Sports (NASDAQ: HIBB) and Total System Services (NYSE: TSS) ] were among the top players . That's why they did well.

Aphria gets a good review

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) type =" text "content =" Aphria shares rose almost 15 % after Canadian cannabis company received positive comments from stock analysts at Jefferies. Analysts initiated their coverage of Aphria with a purchase rating, which set a price target of 15 Canadian dollars per Share. It is true that Aphria has encountered some controversy previously mentioned an acquisition that some found doubtful, but Jefferies believes that the stock price reflects a greater discount on these issues than is justified, given Aphria's strategic position in the marijuana market. Even after today's gains, Aphria still has a potential of up to 50% if Jefferie's price target for the stock is right. "data-reactid =" 13 "> Aphria shares rose nearly 15% after Canadian cannabis company received positive comments from stock market analysts at Jefferies, analysts initiated their coverage of Aphria with a purchase rating and set a price target of 15 Canadian dollars per It is true that Aphria has faced some recent controversy surrounding an acquisition that some found doubtful, but Jefferies believes that the stock price reflects a larger discount on these issues than justified, given Aphria's strategic position on the marijuana market. current gains, Aphria still has upside potential of around 50% if Jefferie's price target for the stock proves correct.

Aphria's blue, green and marine circle-and-name logo

Image source: Aphria.

Hibbett wins the game

<p class = "canvas s-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Hibbett Sports saw its stock price climb nearly 21% after sporting Hibbett reported one Revenue growth of 25% over the quarter compared to the previous quarter, with a comparable 5.1% store increase that complements the recent addition of City Gear stores to the Strong Performance Footwear, as well as clothing and accessories boosted Hibbett's boost. performance in licensed products and teas is sport. Hibbett continues to close about 95 stores this year to optimize business efficiency, but the latest results led the retailer to increase its guidance on comps and earnings, and that was exactly what the shareholders wanted to see. "Data-React =" 27 "> Hibbett Sports said the stock market managed nearly 21% after the end of the quarter's quarter-end sports goods retailer, Hibbett reported sales of 25% in the period compared to last year, with comparable store increases of 5.1. % complement the latest additions to the City Gear stores for the company, strong footwear and clothing shows and accessories greatly boosted Hibbett's, offsetting weaker performance in licensed products and team sports, and Hibbett is still closing about 95 stores this year to optimize business efficiency, but the latest results led the dealer to increase his guidance on comps and earnings, and that was exactly what the shareholders wanted to see.

Will Total System be purchased?

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – Sm Mt (0.8em) – Sm "type =" text "content =" Finally, the shares in Total System Services were completed higher by about 14%. The report showed that pioneer Global Payments (NYSE: GPN) might appear to make a total system procurement bid early next week, speculating that the size of the offering could be $ 20 billion. Total System is gradually exploring a wide range of options that may involve something that is not a complete merger, such as joint ventures or other partnership arrangements. With a significant consolidation that has already taken place in financial technology and payment processing areas, it is not surprising to see that Global Payments seems to spell its claim to continue playing a leading role – and Total System shareholders are thrilled with the prospects. "Data Reaction Time =" 29 "> Finally, Total System Services shares were completed at around 14%. Reports discovered that economic technology pioneered Global Payments (NYSE: GPN) can look to do a total system procurement bid next week, speculating that the size of the offer could be $ 20 billion, Total System is gradually exploring a wide range of options that may involve something that is not a complete merger, such as joint ventures or others With a significant consolidation that has already taken place in the finance and payment processing area, it is not surprising to see Global Payments appearing to spell their claim to continue playing a leading role – and Total System shareholders are thrilled with the prospects.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – Sm Mt (0.8em) – -m" type = "text" content = " More from The Motley Fool "data-reactid =" 30 "> More from The Motley Fool

<p class =" canvas-atom lerrettext Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Dan Caplinger has no position in any of the aforementioned shares. Motley Fool has no position in any of the aforementioned shares. The Motley Fool has a disclosure rules . "data-reactid =" 38 "> Dan Caplinger has no position in any of the aforementioned shares. Motley Fool has no position in any of the aforementioned shares. Motley Fool has a disclosure policy.



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