That Delta variant isn’t going anywhere, and masks are back.
“We were thrilled to jump in their platform,” Renfrew said.
Shares of Boston Beer , which also owns the hard seltzer brand Truly, fell 5% Wednesday after an analyst at Cowen downgraded the stock to an “underperform” rating.
The company warned in July that alcoholic seltzer, a low calorie drink that became increasingly popular with millennials, was losing some of its fizz.
“It feels really uncomfortable to invest right now,” said Kristen Bitterly, regional head of investments for North America at Citi Private Bank.
The S&P has doubled since March — it’s fastest pace since 1932, according to Bitterly.
Even nations that did well in earlier outbreaks are now struggling with infections, causing additional supply chain disruptions, Swonk said.
Dick’s reported record earnings and sales, which rose more than 20% from a year ago, for the second quarter Wednesday, news that sent the stock surging nearly 15% to an all-time high.
He handed the reins to president Lauren Hobart, who has been with the company since 2011 and was a 14-year veteran at Pepsi before joining Dick’s as its chief marketing officer.
To be sure, both the Nasdaq and the S&P could still hit new all-time highs after the prior session’s records.