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After a move higher of almost 30%, shares of Williams-Sonoma, Inc. WSM are trading a little lower on Thursday. This is mostly because of two dynamics. One is profit-taking. The second is remorseful buyers taking advantage of the move to exit their losing positions at breakeven. This is why it is our Stock of the Day. The shares gapped higher after the company posted strong earnings . A “gap” occurs when a stock closes at one price and opens the next day at a price that is much higher. As you can see, that was the case with Williams-Sonoma yesterday. The closing price on Tuesday was $137.24. The opening price on Wednesday was $172.02. Because there were no trades in between these two levels, there is a blank space or “gap” on the chart. Investors bought aggressively because not only did the company report earnings that were better than estimates, it also raised its operating margin guidance. This was probably more important than the earnings beat. Read Also: Eli Lilly Stock Tumbles As Kennedy Targets Weight Loss Drugs Operating margin is the percentage of profit a company makes after all its costs and expenses. In the quarter, the operating margin was 17.8%. This means that for every dollar of sales, the company earned 17.8 cents. Going forward, Williams raised its operating margin guidance to a range of 17.8% to 18.2%. If operating margins are increasing, it means the company is becoming more efficient. But the move higher has stalled out. There are two reasons for this. The first is profit-taking. Whenever a stock makes a large move higher, there are traders and investors who will take advantage of the move to lock in profits. The second reason is “buyer's remorse.” As you can see on the chart, the stock made a large move higher in May and formed a peak around the $172.50 level. Some of the investors and traders who bought at the peak came to regret their decision to do so after the price plummeted. They have held onto a losing position ever since. Now that they have a chance to exit their positions at breakeven, they are placing sell orders. These orders and the orders from the profit takers have, at least for now, made the rally stall out or maybe even end. There is a chance the stock will head lower. Read Next: • International Criminal Court Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Gallant For War Crimes Photo: JHVEPhoto/Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Luigi Mangione pleads not guilty to murder of health insurance CEOgo777 apk 。

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Liverpool beat holders Real Madrid with Aston Villa denied win against JuventusMELBOURNE, Australia (AP) — Australia's House of Representatives passes bill banning children younger than age 16 from social media.By LOLITA BALDOR and FATIMA HUSSEIN WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump said Wednesday that he has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia. Kellogg, who is one of the architects of a staunchly conservative policy book that lays out an “America First” national security agenda for the incoming administration, will come into the role as Russia’s invasion of Ukraine enters its third year in February. Trump made the announcement on his Truth Social account, and said “He was with me right from the beginning! Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!” Kellogg, an 80 year-old retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as national security adviser to Vice President Mike Pence , was chief of staff of the National Security Council and then stepped in as an acting security adviser for Trump after Michael Flynn resigned. As special envoy for Ukraine and Russia, Kellogg will have to navigate an increasingly untenable war between the two nations. The Biden administration has begun urging Ukraine to quickly increase the size of its military by drafting more troops and revamping its mobilization laws to allow for the conscription of troops as young as 18. The White House has pushed more than $56 billion in security assistance to Ukraine since the start of Russia’s February 2022 invasion and expects to send billions more to Kyiv before Biden leaves office in less than months. Trump has criticized the billions that the Biden administration has poured into Ukraine. Washington has recently stepped up weapons shipments and has forgiven billions in loans provided to Kyiv. The incoming Republican president has said he could end the war in 24 hours, comments that appear to suggest he would press Ukraine to surrender territory that Russia now occupies. As a co-chairman of the American First Policy Institute’s Center for American Security, Kellogg wrote several of the chapters in the group’s policy book. The book, like the Heritage Foundation’s “Project 2025,” is a move to lay out a Trump national security agenda and avoid the mistakes of 2016 when he entered the White House largely unprepared. Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” Related Articles Trump’s proposed national security advisor U.S. Rep. Michael Waltz (R-Fla.) tweeted Wednesday that “Keith has dedicated his life to defending our great country and is committed to bringing the war in Ukraine to a peaceful resolution.” Kellogg was a character in multiple Trump investigations dating to his first term. He was among the administration officials who listened in on the July 2019 call between Trump and Volodymyr Zelenskyy in which Trump prodded his Ukrainian counterpart to pursue investigations into the Bidens. The call, which Kellogg would later say did not raise any concerns on his end, was at the center of the first of two House impeachment cases against Trump, who was acquitted by the Senate both times. On Jan. 6, 2021, hours before pro-Trump rioters stormed the U.S. Capitol, Kellogg, who was then Pence’s national security adviser, listened in on a heated call in which Trump told his vice president to object or delay the certification in Congress of President Joe Biden ’s victory. He later told House investigators that he recalled Trump saying to Pence words to the effect of: “You’re not tough enough to make the call.” Baldor reported from Washington. AP writer Eric Tucker in Washington contributed to this report.

PRAGUE, Czech Republic (AP) — When the referee whistled for the free kick just outside the area, Atletico Madrid forward Julián Álvarez quickly picked up the ball and moved in position to take the shot. Read this article for free: Already have an account? To continue reading, please subscribe: * PRAGUE, Czech Republic (AP) — When the referee whistled for the free kick just outside the area, Atletico Madrid forward Julián Álvarez quickly picked up the ball and moved in position to take the shot. Read unlimited articles for free today: Already have an account? PRAGUE, Czech Republic (AP) — When the referee whistled for the free kick just outside the area, Atletico Madrid forward Julián Álvarez quickly picked up the ball and moved in position to take the shot. “When I saw the free kick, I told Rodri (Rodrigo De Paul) that I felt confident with the shot,” Álvarez said. “And it was a great goal.” Álvarez, Atletico’s main signing in the offseason, has not been lacking confidence lately. The Argentina forward curled in the free kick shot in the 15th minute for the first of his two goals in the team’s 6-0 rout of Brest in the Champions League on Tuesday — the team’s biggest ever away win in European competitions. “We’ll keep rotating who takes the free kicks,” said Álvarez, who also found the net in the 59th. It was Álvarez’s seventh goal in the last 10 matches, and third in his last three games across all competitions. The 24-year-old had a slow start to his first season with Atletico, scoring twice in 10 matches. “It was a matter of time before we started connecting well with each other,” said Álvarez, who joined Atletico after two seasons at Manchester City. “We have to stay on this path to keep improving.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Ángel Correa also scored two goals for Atletico, with Marcos Llorente and Antoine Griezmann adding one each. “We know that in this format of the competition we need to keep adding the three points and scoring goals,” Álvarez said. “It’s important to get the points and the goals.” Atletico was sitting in 13th place in the 36-team league standings. ___ AP soccer: https://apnews.com/hub/soccer Advertisement AdvertisementTrump transition says Cabinet picks, appointees were targeted by bomb threats, swatting attacks

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