Consumer discretionary stocks are often hit particularly hard when the U.S. economy slips into a recession. Short sellers were hoping rising interest rates, persistently elevated inflation and two consecutive quarters of negative GDP growth would keep the S&P 500 trending lower in the second half of 2022, but so far that hasn't been the case.
LCI Indus (NYSE:LCII) reported its Q1 earnings results on Tuesday, May 10, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Companies Reporting Before The Bell
• The Middleby (NASDAQ:MIDD) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million.
During Tuesday, 581 stocks hit new 52-week lows.
Interesting Highlights From Today's 52-Week Lows
Meta Platforms (NASDAQ:FB) was the biggest company on a market cap basis to set a new 52-week low.
LCI Indus (NYSE:LCII) reported its Q4 earnings results on Thursday, February 10, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.