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Were Hedge Funds Right About Marinus Pharmaceuticals Inc (MRNS)?
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March, 2020 and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting 40,000 to generate strong returns. However, as we know, big investors usually buy stocks with strong fundamentals that can deliver gains both in bull and bear markets, which is why we believe we can profit from imitating them. In this article, we are going to take a look at the smart money sentiment surrounding Marinus Pharmaceuticals Inc (NASDAQ:MRNS).
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Duluth Holdings: Fiscal Q1 Earnings Snapshot
by The Associated Press
Last Updated Jun 3, 2021 at 8:44 am EDT
MOUNT HOREB, Wis. (AP) Duluth Holdings Inc. (DLTH) on Thursday reported fiscal first-quarter net income of $544,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Mount Horeb, Wisconsin-based company said it had profit of 2 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The clothing and tools supplier posted revenue of $133.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $125.9 million.
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