In Monday's Blitz Daily with Lance Ippolito, we take a look at American clothing company Levi Strauss & Co. ahead of its earnings report after the close on Wednesday.
Analysts expect earnings per share of $0.42 on revenue of $1.55 billion.
The company gave a stronger-than-expected outlook in January, saying that price hikes weren’t affecting sales.
And ever since the Federal Reserve hiked interest rates a few weeks ago, we’ve seen retail and apparel companies trading higher.
On Friday, we saw a big purchase in April calls for Levi, and the buying continued on Monday…
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