$FIVE
Five Below Inc
PRICE
$160.07 ▼-0.006%
Extented Hours
VOLUME
769,100
DAY RANGE
155.53 - 160.47
52 WEEK
130.15 - 220.19
Join Discuss about FIVE with like-minded investors
@trademaster #TradeHouses
By Daniel Wiessner (Reuters) -A U.S. civil rights agency sued Tesla (NASDAQ:TSLA) Inc on Thursday, claiming the electric carmaker has tolerated severe harassment of Black employees at its flagship Fremont, California, assembly plant, in charges similar to cases brought by the state and by Tesla employees. The U.S. Equal Employment Opportunity Commission (EEOC) said in the lawsuit filed in federal court in California that from 2015 to the present, Black workers at the Tesla plant have routinely been subjected to racist slurs and graffiti, including swastikas and nooses. Tesla has failed to investigate complaints of racist conduct and has fired or otherwise retaliated against workers who reported harassment, the EEOC said in the lawsuit. The lawsuit adds federal charges to discrimination claims by the state of California and lawsuits by Tesla employees. It follows the breakdown of settlement talks with the EEOC after Tesla announced that the agency had formally raised its concerns last year. The EEOC routinely settles lawsuits with employers, and it is relatively rare for the agency’s cases to go to trial. Tesla faces several other race discrimination lawsuits that make similar claims, including a class action by workers at the Fremont plant and a lawsuit by a California civil rights agency. The company in those cases has said it does not tolerate discrimination and takes workers complaints seriously. Tesla did not immediately respond to a request for comment. The company's stock price rose 2.4% on Thursday to $246.38. "If the federal government gets involved, it certainly adds credibility to the claims," said Stephen Diamond, a law professor at Santa Clara University, who noted that he has advised investors on social responsibility at Tesla. "Major institutional investors like pension funds will be very concerned about this type of behavior," he said. The EEOC in the lawsuit said it began investigating Tesla after the five-member commission's chair, Charlotte Burrows, filed an internal complaint known as a charge against the company. After finding last year that there was "reasonable cause" to believe Tesla had violated the federal law banning workplace race discrimination, the agency tried and failed to enter into a settlement agreement with the company, according to the lawsuit. Burrows in a statement said that combating widespread workplace harassment is a key priority for the EEOC. "Every employee deserves to have their civil rights respected, and no worker should endure the kind of shameful racial bigotry our investigation revealed,” she said. The EEOC’s lawsuit seeks compensatory and punitive damages for an unspecified number of Black workers, along with an order requiring Tesla to overhaul its policies prohibiting discrimination and retaliation. Tesla is seeking to fend off similar claims from the California Civil Rights Department, a state-level counterpart of the EEOC. The department alleges that Tesla discriminated against Black workers when making decisions about pay, promotions and work assignments. The department's lawsuit alleges violations of California law, while the EEOC case involves similar federal laws. Tesla has claimed that the California department's lawsuit was politically motivated and has argued that the agency violated state law by suing without first notifying the company of all of the claims or giving it a chance to settle. A California judge last year rejected Tesla's motion to dismiss that case, and is now considering various issues related to pre-trial discovery. In addition, a Black former elevator operator at the Fremont plant, Owen Diaz, is seeking a third trial in his 2017 lawsuit claiming he was subjected to severe racial harassment after a jury in April awarded him $3.2 million. A different jury in 2021 had awarded Diaz $137 million, but a federal judge said that was excessive and Diaz opted for a new trial instead of a reduced award of $15 million. Tesla is also facing a class action lawsuit in California state court over the alleged mistreatment of Black factory workers. About 240 workers have moved to join that lawsuit.
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@trademaster #TradeHouses
Investing.com -- Oil prices rose Thursday, rebounding from the previous session’s sharp losses in the wake of the U.S. Federal Reserve signaling interest rates would stay higher for longer than previously expected. By 09:35 ET (13:35 GMT), the U.S. crude futures traded 1.5% higher at $90.97 a barrel, while the Brent contract climbed 1.1% to $94.58. BOE and SNB pause tightening cycles Confidence has returned to the market Thursday following the news that both the Bank of England and the Swiss National Bank decided to keep interest rates unchanged at their policy-setting meetings. The BOE halted a run of 14th consecutive increases, starting in December 2021, and the SNB ended its run of five consecutive increases since it began lifting rates out of negative territory in June 2022. This raised hope that the era of monetary tightening in Europe may be coming to an end, potentially lifting economic activity and thus crude demand. Hawkish Fed stance hit market This contrasted with the tone on Wednesday after the U.S. Federal Reserve projected another quarter-percentage-point increase by year-end, while signaling that it will take longer than expected to start easing. This stance, it is feared, may dampen economic growth and overall fuel demand, while also leading to the U.S. dollar surging to its highest since early March, making oil and other commodities more expensive for buyers using other currencies. Both benchmarks fell sharply then, but remain not far away from 10-month highs and on course for a fourth consecutive winning week given the continuous concerns on tight supply globally entering the fourth quarter. Supply to remain tight Production cuts from the Organization of the Petroleum Exporting Countries and allies are set to continue until the end of the year, while data from the U.S. Energy Information Administration, in its monthly drilling productivity report earlier this week, showed U.S. oil production from top shale-producing regions was on track to fall for a third month in a row in October to the lowest level since May 2023. The EIA also reported on Wednesday that U.S. crude inventories fell just over 2 million barrels last week, less than the over 5 million barrels forecast by the industry body American Petroleum Institute on Tuesday, but still an indication that demand remains solid in the largest oil consumer in the world.
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@trademaster #TradeHouses
Investing.com -- U.S. stocks are rising as investors await the outcome of the highly-anticipated Federal Reserve's policy meeting. At 9:39 ET (13:39 GMT), the Dow Jones Industrial Average was up 89 points or 0.3% while the S&P 500 was up 0.3% and the NASDAQ Composite was up 0.2%. Fed’s rate decision looms The U.S. Federal Reserve concludes its two-day meeting later Wednesday, and is widely expected to keep interest rates steady at a range of 5.25% to 5.50%, after having boosted them from near zero in around a year and a half in an attempt to control inflation. While many investors believe the Fed will be done with rate hikes this year, there are some that still think another rate increase is possible in November, or perhaps December. Last week’s data signaled an easing in core inflation, but surging oil prices resulted in the headline inflation figure posting its fastest growth rate in 14 months. With this in mind, all eyes will be on Chair Jerome Powell’s press conference after the rate announcement for any additional clues over future policy, as well as the Fed's latest estimates for the economy, including year-end projections for inflation, unemployment, and gross domestic product. BoA lifts year-end S&P 500 forecast Bank of America Global Research lifted its year-end forecast for the S&P 500 index to 4,600, from its previous estimate of 4,300, saying earlier Wednesday "old economy" stocks on the index could benefit as much, if not more, over their new-age tech peers. The S&P 500 is up over 15% so far this year, largely driven by a rally in some large growth stocks, such as Nvidia (NASDAQ:NVDA) and Meta Platforms (NASDAQ:META) that have ridden the artificial intelligence boom. Klaviyo to make debut after successful IPO In corporate news, marketing automation company Klaviyo is set to start trading on the New York Stock Exchange, after pricing its initial public offering above its indicated range. This continues the series of well received listings, including Instacart (NASDAQ:CART), which ended 12% higher in its Nasdaq debut on Tuesday, and Arm Holdings (NASDAQ:ARM). Elsewhere, quarterly earrings are scheduled from logistics giant FedEx Corporation (NYSE:FDX) after the closing bell. General Mills (NYSE:GIS) beat expectations for revenue and profit and reaffirmed guidance. Shares dipped 0.8%. Crude retreats from 10-month highs Oil prices fell Wednesday, retreating from 10-month highs, as markets digested a forecast of a large drawdown in U.S. crude inventories ahead of the Federal Reserve interest rate decision. Data from the industry body American Petroleum Institute, released on Tuesday, indicated that U.S. crude inventories fell by over five million barrels last week. The official data is due later Wednesday. Yet, despite this hefty draw, traders are taking some profit ahead of the crucial Fed decision after worries of a substantial supply deficit this year had sent prices soaring to their highest levels since November last year. (Oliver Gray contributed to this item.)
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@Trader7 #Trader24
**Market Update – September 20 – FED will stay on hold; Dot Plot, SEP are key** In a day that will be centred around the Fed’s deliberations this evening, and above all the quarterly economic projections, the new dot plot and Jerome Powell’s press conference, we start with China where the PBoC just now left its benchmark rates unchanged, with the one-year and five-year loan prime rates at 3.45% and 4.2% respectively. https://analysis.hfm.com/731605/
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@trademaster #TradeHouses
By Stella Qiu SYDNEY (Reuters) - Asian shares fell and the dollar was firm on Monday as investors looked ahead to policy meetings from the Federal Reserve, the Bank of Japan and other central banks this week. Europe is set for a subdued open, with EUROSTOXX 50 futures off 0.1%. S&P 500 futures advanced 0.2% while Nasdaq futures edged up 0.1%. Oil prices hit fresh 10-month peaks, further stoking inflationary pressures. U.S. West Texas Intermediate crude futures gained 0.8% to $91.52, their highest level since November, while Brent crude futures rose 0.7% to $94.55 per barrel. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%. Japan's Nikkei is closed for a public holiday. Technology shares in the region retreated, with Taiwan's TSMC, the world's top contract chipmaker, falling 3% after Reuters reported that it has told its major suppliers to delay the delivery of high-end chipmaking equipment In China, better-than-expected factory output and retail sales in the world's second largest economy have aided Chinese bluechips which were up 0.4%. But property sector woes dragged Hong Kong's Hang Seng 1% lower. Zhongrong International Trust, which has exposure to Chinese property developers, said over the weekend it was unable to make payments on some trust products on time. "Despite the encouraging sign of stabilization, the property market continues to be the missing puzzle piece in the economic picture," said Tommy Xie, head of Greater China Research at OCBC Bank. "The on-the-ground feedback indicates a rise in property viewing activities; however, most prospective buyers are not in a hurry to finalize deals due to the increasing supply of apartments post relaxation." Shares in embattled China Evergrande (HK:3333) Group fell as much as 25% after police in southern China detained some staff at its wealth management unit, though they later pared losses to be down 1.6%. This week, global central banks will take centre stage, with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings. A swathe of emerging market central banks will also hold meetings. Markets are fully priced for a second straight pause from the Fed on Wednesday, with its targeted range expected to be unchanged at 5.25% to 5.5%, so the focus will be on the updated economic and rates projections. They see about 80 basis points of cuts next year. "In theory, the FOMC meeting should be a low-volatility affair, but it is a risk that needs to be managed," said Chris Weston, head of research at Pepperstone. Weston added that if the Fed revises up its rate projections for 2024, that would see rate cuts being priced out, resulting in renewed interest in the U.S. dollar and downward pressure on global shares. On Thursday, Bank of England is tipped to hike for the 15th time and take benchmark borrowing costs to 5.5%. Bank of Japan is the key risk event on Friday. Markets are looking for any signs that the BOJ could be moving away from its ultra-loose policy faster than previously thought, after recent comments by Governor Kazuo Ueda sent yields much higher. Last Friday, Wall Street ended sharply lower as U.S. industrial labour action weighed on auto shares. Rising Treasury yields also pressured Amazon (NASDAQ:AMZN) and other megacap growth companies. Cash Treasuries were not traded in Asia with Tokyo shut. Treasury yields edged higher on Friday, with the two-year above the 5% threshold. In the currency markets, the U.S. dollar was still standing strong near its six-month top at 105.25 against a basket of major currencies. The euro gained 0.1% to $1.0667, after slumping to a 3-1/2 month low of $1.0632 last week as the European Central Bank signalled its rate hikes could be over. The price of gold was 0.2% higher at $1,928.13 per ounce.
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@gman2 #ivtrades
When I moved to CA from MA after college in '77, I found a union job that paid $13.50 an hour. Overtime was double time and Sundays and Holidays were triple time. I was living in a two-bedroom apartment that cost $400 a month. Forty-five years later CA wants to increase the wage to $20.00 an hour for service workers and all the companies are pushing back. How did we get here? Sad state of affairs. I don't know if the UAW demands are fair or not but i do know corporations have been getting away with murder for far too long. Time for a change.
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@jpintx #P I V O T B O S S
Ignore that this is a one minute chart, it was handy when I wanted to illustrate a point about Squats and their positioning, especially when using them in daily charts as a warning that a change in direction might be next. If the price has been moving up (or down) a squat (the BLUE bar, not a greenie) will occur in one of the five bars inside the box, IF it is outside those five, I just ignore it. That interpretation has proven over the years.
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@trademaster #TradeHouses
By Nathan Layne and Joseph Ax MILWAUKEE (Reuters) -Eight Republican presidential candidates traded barbs on Wednesday at their first debate of the 2024 election as they jockeyed for position behind the absent front-runner, Donald Trump, who derided the event in a pre-taped interview aimed at siphoning away viewers. The raucous two-hour debate offered a view of the deep challenges the contenders face in seeking to dislodge Trump from his perch at the top of the field. While the former president took the extraordinary step of skipping the debate entirely, his rivals were left taking shots at one another to try to emerge as the most viable alternative, five months before the first Republican presidential nominating contest in Iowa and more than 14 months before the election. While Florida Governor Ron DeSantis has consistently stood in second place in polls, albeit well behind Trump, it was Vivek Ramaswamy, the 38-year-old tech entrepreneur and political neophyte, who was at the center of many of the Fox News debate's most dramatic moments. Ramaswamy, a fierce Trump defender who is rising in national polls, faced plenty of incoming fire from his more experienced rivals, who appeared to view him as more of a threat than DeSantis. "We don't need to bring in a rookie," former Vice President Mike Pence said, while former New Jersey Governor Chris Christie accused Ramaswamy of sounding "like ChatGPT," a reference to artificial intelligence. Ramaswamy fired back by emphasizing his status as an outsider, calling everyone else on stage "bought and paid for" and accusing DeSantis of being a "super PAC puppet," a reference to independent political action committees that typically raise unlimited sums of money from corporations and individuals. He also took the most isolationist position on the Ukraine-Russia war, arguing that it was not a priority for the U.S. and saying he would end military aid to Ukraine. That drew a sharp rebuke from Nikki Haley, a former ambassador to the United Nations. The debate had been seen as a potentially pivotal moment for DeSantis, whose campaign has been riven by staff turmoil amid a slow but steady decline in the polls. Trump, who remains the clear-cut favorite among Republican voters despite his four criminal indictments, chose to skip the event in favor of a friendly interview with conservative commentator Tucker Carlson that began streaming online minutes before the debate began. The interview had about 74 million views on X, formerly known as Twitter, during its 46 minutes. Trump declined to directly answer provocative questions posed by Carlson, such as whether a civil war was coming in the United States. Instead, he stuck to well-worn themes: false claims that he won the 2020 election, a promise to tighten immigration controls and insults of President Joe Biden and some of his Republican rivals. "Do I sit there for an hour, or two hours, whatever it's going to be, and get harassed by people that shouldn't even be running for president and a network that isn't particularly friendly to me?" he asked Carlson. The debate took place a day before Trump planned to surrender in Atlanta to face charges he sought to overturn his election loss in the state. Six of the eight debaters on Wednesday raised their hands when asked whether they would support Trump as the nominee even if he had been convicted of a crime - North Dakota Governor Doug Burgum, DeSantis, Haley, Pence, Ramaswamy and U.S. Senator Tim Scott. Christie, who appeared to start raising his hand before wagging his finger, and former Arkansas Governor Asa Hutchinson declined. Both have been vocal critics of Trump's efforts to overturn his 2020 election loss. "Whether or not you believe that the criminal charges are right or wrong, the conduct is beneath the office of president of the United States," Christie said to boos from a rowdy and partisan crowd. That led to a sharp back-and-forth between Christie, Trump's biggest critic among Republican candidates, and Ramaswamy, Trump's most ardent defender. "Honest to God, your claim that Donald Trump is motivated by vengeance and grievance would be a lot more credible if your entire campaign were not based on vengeance and grievance against one man," Ramaswamy said, prompting Christie to retort, "You make me laugh." Polls show that most Republicans view the criminal charges against Trump, 77, as politically motivated, making the topic a tricky one to navigate for his rivals. In the most recent Reuters/Ipsos poll released this month, Trump held 47% of the Republican vote nationally, with DeSantis dropping six percentage points from July to 13%. None of the other candidates has broken out of single digits. 'COUNTRY IN DECLINE' The candidates also went after Biden, a Democrat, from the outset. Moderators Martha MacCallum and Bret Baier, both Fox News hosts, started the debate by asking about the U.S. economy. "Our country is in decline," DeSantis said. "We must reverse Bidenomics so that middle-class families have a chance to succeed again." While the economy has shown surprising resilience, defying recession predictions with a robust labor market, polls show many voters - including a plurality of those who supported Biden in 2020 - feel the economy has worsened during his first three years in office amid persistent inflation. The candidates were also asked about abortion, an issue that has bedeviled Republicans ever since the U.S. Supreme Court last year eliminated a nationwide right to abortion. Pence, the staunchest anti-abortion opponent in the field, criticized Haley for saying that a bipartisan consensus must be reached on a federal approach. Haley, who would be the first woman to win the Republican presidential nomination, responded that it was impractical to back nationwide limits given Democratic opposition. DeSantis, who signed a six-week ban into law in Florida, did not specify whether he would back a similar national ban, saying he understood that different states would take different stances. "Look, I understand, Wisconsin is going to do it different than Texas," he said. "But I will support the cause of life as governor and as president."
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@trademaster #TradeHouses
Investing.com -- Gold prices rose slightly on Tuesday, taking some relief from a weaker dollar as the greenback retreated from two-month highs, although fears of higher U.S. interest rates still kept the outlook for metal markets muted. The yellow metal saw some signs of recovery after slumping to a five-month low earlier this month. Spot prices also lost the closely-watched $2,000 an ounce level, and were still struggling to break above. Spot gold rose 0.1% to $1,896.39 an ounce, while gold futures expiring in December rose 0.1% to $1,924.90 an ounce by 00:21 ET (04:21 GMT). Treasury yields surge ahead of Jackson Hole But while gold saw some relief on Tuesday, the outlook for the yellow metal was largely dampened by a spike in U.S. Treasury yields. 10-year yields surged to an over 20-year high this week as markets positioned for potentially higher-for-longer U.S. interest rates. Focus this week is squarely on an address by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium this Friday. The Fed Chair is expected to provide more cues on the path of monetary policy, with sticky inflation and a tight labor market potentially inviting a hawkish outlook from the central bank. Investment banks warned that Powell could flag a new era of higher baseline rates - a scenario that bodes poorly for metal markets. The prospect of rising U.S. rates battered gold in recent weeks, given that higher rates push up the opportunity cost of investing in non-yielding assets. Strength in the dollar also weighed, although the greenback fell slightly from a two-month high this week. This offered some relief to gold prices. Copper edges higher, China stimulus in focus Among industrial metals, copper prices also advanced slightly on Tuesday, benefiting from weakness in the dollar. Copper futures rose 0.2% to $3.7263 a pound. But prices of the red metal were also nursing steep losses over the past three weeks, amid growing impatience with more stimulus measures in China. The People’s Bank of China largely disappointed markets with its interest rest cut this week, drawing calls from investors for more targeted, fiscal measures to support a slowing economic recovery. China is the world’s largest copper importer, with an economic slowdown in the country this year having weighed heavily on copper prices and demand.
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Key Metrics
Market Cap
8.68 B
Beta
0
Avg. Volume
1.13 M
Shares Outstanding
55.69 M
Yield
0%
Public Float
0
Next Earnings Date
2023-11-29
Next Dividend Date
Company Information
the philadelphia-based company is one of the fastest growing retailers in the country with more than 400 stores in 21 states. catering to teens, pre-teens and beyond, five below carries an ever-evolving and exciting assortment of cell phone cases and chargers, remote control cars, yoga pants, graphic tees, nail polish, footballs and soccer balls, tons of candy and seasonal must-haves for easter, halloween, christmas and more. everything, everyday, is just $5 and below. its stores are a vibrant, colorful and high-energy destination. five below products are grouped into one of eight in-store worlds: style, room, sports, tech, crafts, party, candy and now. five below’s unique assortment features leading brands such as lego®, wilson®, hasbro™ and peeps® and hot licenses from disney® and marvel® such as frozen, despicable me, avengers and star wars™. rounding out the assortment is merchandise packed with quality and value made exclusively for five below. five below was founded in 2002 by
CEO: Joel Anderson
Website: https://www.fivebelow.com/
HQ: 701 Market St Ste 300 Philadelphia, 19106 Pennsylvania
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