IRBT and SOND among Consumer Discretionary movers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 12 2024
0mins
Source: SeekingAlpha
- Gainers: EZGO Technologies Ltd. (EZGO) surged by 51%, Connexa Sports Technologies (CNXA) rose by 31%, Sonder Holdings (SOND) increased by 11%, Digital Brands Group (DBGI) and Coupang (CPNG) both gained 11%.
- Losers: NFT Ltd. (MI) dropped by 32%, JX Luxventure Limited (JXJT) decreased by 17%, iRobot Corp (IRBT) fell by 10%, Millennium Group International Holdings Ltd (MGIH) and U Power Ltd (UCAR) both declined by 9%.
- S&P 500 Consumer Discretionary Sector experienced a decrease of 1.31% to 1451.95.
- Various subtopics related to the Consumer Discretionary sector were discussed, including the impact of resilient consumer spending in 2024, potential reversals due to retail sales crashes, top picks in the sector ahead of earnings, and net selling trends.
- Retailing, which contributes 52% to the index, saw a decline of 1.26% to 4464.17.
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Analyst Views on MGIH
About MGIH
Millennium Group International Holdings Ltd is a company mainly engaged in the provision of paper-based packaging solutions. The Company is engaged in the design and production of packaging products, corrugated products and others. In addition, the Company is engaged in the supply-chain management business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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