Zumiez Stock Discussion

$Zumiez (ZUMZ.US)$
Zumiez Q3 Net Income USD 1.159 Million Vs. IBES Estimate USD 440 Thousand

Ark Invest buys more Coinbase shares amid SEC crackdown
Cathie Wood's Ark Invest boosted its holdings in $Coinbase (COIN.US)$ amidst a crypto industry crackdown by the SEC, driving the stock to nearly five-month lows. Data from Cathie's Ark revealed that three of Wood's funds purchased over 400,000 Coinbase shares, with her main $ARK Innovation ETF (ARKK.US)$ acquiring more than 300,000. This occurred as Coinbase's stock pri...

Gapping up
$DocuSign (DOCU.US)$ +16% (fiscal second-quarter earnings and revenue that topped Wall Street estimates and raised its forecast for fiscal-year billings.)
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$Tesla (TSLA.US)$ +1.3% (The electric vehicle maker is considering building a lithium refinery for EV battery production in Texas this year, according to an applicati...

$Zumiez (ZUMZ.US)$ Even after accounting for negative growth for the next 5 years, and lower margins, on my most conservative estimates this stock should be at least 2x in the coming years.

Gainers:
• $Okta (OKTA.US)$ +15.8% (In reaction to earnings)
• $StoneCo (STNE.US)$ +12.9% (In reaction to earnings)
• $Turning Point Therapeutics (TPTX.US)$ +116.8% (Bristol Myers Squibb (BMY) will acquire Turning Point Therapeutics for $76,00 per share; expected to be accretive to Non-GAAP earnings per share beginningin2025)
• $Amylyx Pharmaceuticals (AMLX.US)$ +24.9% (receives PDUFA date extension for AMX0035; scheduled for September ...

$Zumiez (ZUMZ.US)$ shares rose 1% in premarket trading after the streetwear and sports apparel company announced a $150 million stock buyback program.