Amer Sports, Inc.
ASAmer Sports, Inc. (AS) is a global sporting goods company known for designing, manufacturing, and marketing products across various sports categories, including skiing, running, team sports, and outdoor equipment. The company owns several well-known brands such as Salomon, Arc’teryx, Wilson, andPRECOR, and has a strong presence in both recreational and professional sports markets worldwide.
Company News
Amer Sports reported a strong Q3 with 30% revenue growth, boosted guidance for 2025, and saw stock price increase by over 9% due to strong performance in Salomon footwear and Arc'teryx brands.
Deutsche Bank upgraded Lam Research from Hold to Buy, raising price target from $100 to $150. Several other companies also received analyst upgrades, including Innoviz Technologies, General Dynamics, and Amer Sports.
Lululemon faces significant challenges from tariffs, cutting guidance and experiencing stock price declines. Meanwhile, competitors like Amer Sports, Urban Outfitters, and On Holding are navigating the tariff environment more effectively and showing stronger performance.
Wall Street is poised to reach record highs as President Trump confirms a trade deal with China and softer-than-expected inflation data eases tariff concerns.
Several large-cap stocks, including GameStop, IonQ, and CoreWeave, saw significant gains last week. The article discusses the reasons behind the stock movements and analyzes the performance of these companies.
