The financial markets are abuzz with significant merger and acquisition (M&A) news, signaling a dynamic shift in the apparel and insurance technology sectors. Gildan Activewear's (TSX: GIL) definitive agreement to acquire HanesBrands (NYSE: HBI) for an estimated $2.2 billion in equity value, alongside Sapiens International's (NASDAQ: SPNS) surge
In a dynamic day for the financial markets, a select group of companies defied broader trends, experiencing significant surges in their stock prices and emerging as today's top gainers. NXP Semiconductors (NASDAQ: NXPI), Brinker International (NYSE: EAT), Gildan Activewear (NYSE: GIL), Sea Limited (NYSE: SE), On Holding AG (NYSE: ONON)
Clothing company Hanesbrands (NYSE:HBI) announced better-than-expected revenue in Q2 CY2025, with sales up 1.8% year on year to $991.3 million. The company expects next quarter’s revenue to be around $900 million, close to analysts’ estimates. Its non-GAAP profit of $0.24 per share was 34.8% above analysts’ consensus estimates.
Shares of clothing company Hanesbrands (NYSE:HBI)
jumped 37.5% in the morning session after reports that it is in advanced talks to be acquired by Canadian apparel company Gildan Activewear (NYSE:GIL).
Let's have a look at what is happening on the US markets before the opening bell on Tuesday. Below you can find the top gainers and losers in today's pre-market session.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. Over the past six months, it seems like demand trends are working against their favor as the industry
has tumbled by 5.8%. This performance is a noticeable divergence from the S&P 500’s 5.4% return.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Clothing company Hanesbrands (NYSE:HBI) announced better-than-expected revenue in Q2 CY2025, with sales up 1.8% year on year to $991.3 million. The company expects next quarter’s revenue to be around $900 million, close to analysts’ estimates. Its non-GAAP profit of $0.24 per share was 34.8% above analysts’ consensus estimates.
The past year hasn't been kind to the stocks featured in this article.
Each has tumbled to their lowest points in 12 months, leaving investors to decide whether they're witnessing fire sales or falling knives.
A number of stocks fell in the afternoon session after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending.
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Hanesbrands (NYSE:HBI) and its peers.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
Clothing company Hanesbrands (NYSE:HBI) met Wall Street’s revenue expectations in Q1 CY2025 as sales rose 2.1% year on year to $760.1 million. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.
Consumer discretionary businesses are levered to the highs and lows of economic cycles. Unfortunately, the industry’s recent performance suggests demand may be fading as
discretionary stocks have pulled back by 13.8% over the past six months. This drawdown was significantly worse than the S&P 500’s 1.9% decline.
