Abercrombie & Fitch Outperforms Nvidia This Year
From Barchart:
Abercrombie & Fitch (ANF) shares reach record high, up nearly +300% this year and beating out Nvidia’s +240% gain. Best annual performance since going public in 1996.
In other news, US jobless claims fell by 8,000 last week to 203,000, the lowest level since November 1969. This is a sign of a strong labor market and the longest streak since 1970.
Additionally, China’s industrial output grew 6.7% in November, showing signs of improvement in the world’s second largest economy. Retail sales also rose 8.1%, exceeding expectations.
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