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via finance.yahoo.comMarkets

UBS downgrades Gildan (GIL) as the Nasdaq enters correction

FROM THE WIRE · FINANCE.YAHOO.COM

We just published a list of the Analysts Just Sounded the Alarm on These 10 Overhyped Stocks and Gildan Activewear (NYSE:GIL) ranked 6th on this list. Wall Street had a rough week, and the damage came fast. Thursday's sell-off erased $2.3 trillion in market value, pushed the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade weighs on the stock amid high volatility and rate worries after the jobs data.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UBS analyst Jay Sole downgraded Gildan.
  2. 02Thursday's sell-off erased 2.3 trillion dollars in market value and the VIX rose to 28.
  3. 03October payrolls rose by 165,000, far above the 65,000 economists expected.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Gildan Activewear Inc.GILStock34.75 USDMarket closedtoday -0.77%Negative NASDAQ CompositeINDEX:IXICIndex24,579.42Market closedtoday +1.09%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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