A weak August jobs report led to a number of stocks falling in the afternoon session, signaling concerns about a cooling economy. The U.S. economy added only 22,000 jobs last month, well below the expected 75,000. However, this news also raised expectations for Federal Reserve interest rate cuts, with a September cut now fully priced in. G-III’s shares were impacted, currently down 18.4% since the beginning of the year. The stock is trading 27.6% below its 52-week high, presenting a potential buying opportunity. Thematic investing in growth stocks like G-III can lead to significant returns over time.

Read more at Stock Story: G-III and Under Armour Shares Plummet, What You Need To Know