BBBY - Hot Stocks: COVID worries retailers; AOUT drops on outlook; AEHR rallies; AZO extends highs; China stocks slide
champc/iStock via Getty Images American Outdoor Brands (AOUT) became one of the biggest losers during Friday's session after the maker of guns and other outdoor sports products announced mixed quarterly results and issued cautious guidance. Aehr Test Systems (AEHR) moved the other direction on earnings news. Better-than-expected results sparked a massive rally in the stock, making it one of the biggest gainers on the session. Meanwhile, AutoZone (AZO) set yet another new 52-week high on Friday, extending peaks it set throughout the week. The stock's recent strength has come amid price spikes in the car industry, making it a winner in the recent inflation story. Chinese stocks continued to feel the weight of regulatory uncertainty in their home country. A further slide on Friday took Tencent Music (TME), DouYu International (DOYU) and 21Vianet Group (VNET) to new lows. Retail stocks dropped on Friday, continuing a week-long slide. With COVID fears
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Hot Stocks: COVID worries retailers; AOUT drops on outlook; AEHR rallies; AZO extends highs; China stocks slide