Latest news for Farfetch Ltd Class A (OTC:FTCHF) Stock

Farfetch Ltd Class A

Wedbush analyst Michael Pachter reiterates Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Outperform and maintains $75 price target.

News

Price Target

Reiteration

Analyst Ratings

ROKU

Wedbush Reiterates Outperform on Roku, Maintains $75 Price Target

Legal &amp; General Investment Management (LGIM), the U.K.&#8217;s largest asset manager, has decided to abandon its bet on the steepening of the Treasury curve. This decision comes in the wake of President Joe Biden&#8216;s unexpected withdrawal from the U.S. election race.
What Happened: Christopher Jeffery, head of macro asset allocation at LGIM, expressed that the chances of a clean sweep by Donald Trump and his party in the House of Representatives and the Senate have decreased. This speculation had led investors to believe that such an outcome would trigger inflation and worsen U.S. finances, pushing longer-dated yields higher, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-25/uk-s-biggest-investor-lgim-ditches-trump-trade-on-biden-drop-out?srnd=homepage-americas">reported</a> on Thursday.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39883138/trump-vs-harris-first-poll-post-biden-exit-shows-majority-approval-potential-impact-on-tru?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump vs. Harris: First Poll Post-Biden Exit Shows Majority Approval; Potential Impact On Trump&#8217;s Chances; US Cybersecurity Official Criticizes Crowdstrike&#8217;s Faulty Microsoft Windows Update &#8211; Top Headlines Today While US Slept</a>
&#8220;We took off our steepening exposure because we thought Biden dropping out would stop the momentum that has been building behind a Republican clean sweep,&#8221; Jeffery explained. LGIM manages approximately $1.5 trillion in assets.
Vice President Kamala Harris Harris&#8217;s rise potentially sets the stage for a closer contest in November. A divided government would make it more difficult to implement significant policy changes.
Jeffery added, &#8220;It's unclear to what extent it effects the presidential outcome but it does change the prospect for voter turnout on the Democrat side.&#8221;
Why It Matters: With Harris gaining support among Democrats, <a href="https://www.benzinga.com/news/24/07/39883677/investors-anticipate-unraveling-of-trump-trade-as-biden-exits-presidential-race-but-analyst-says-its">markets are now reassessing</a> the &#8220;Trump trades,&#8221; which are primarily based on his plans for tax cuts and higher tariffs. Despite this, the Treasury curve steepened again on Wednesday, driven by commentary from Federal Reserve officials and weak economic data, which sparked speculation on interest-rate cuts.
A new election poll shows a close head-to-head battle between<a href="https://www.benzinga.com/general/politics/24/07/39946360/trump-vs-harris-2024-election-candidates-tied-in-new-poll-65-of-democrats-say-biden-stepping-dow"> Harris and Trump</a>, with 65% of Democrats also said that Biden stepping down increases the party&#8217;s chances of winning the 2024 election.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39925959/kim-jong-un-rejects-donald-trumps-friendship-claims-north-korea-says-we-do-not-care-expresses-nuclea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un Rejects Donald Trump&#8217;s Friendship Claims? North Korea Says &#8216;We Do Not Care,&#8217; Expresses Nuclear Readiness Amid Rising Tension With US</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

Markets

General

UK Asset Manager LGIM Ditches 'Trump Trade' As Biden's Exit Changes Voter Turnout Prospects For Democrat's Side

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) with a Market Perform and raises the price target from $16 to $18.

Keefe, Bruyette & Woods Maintains Market Perform on First Commonwealth, Raises Price Target to $18

APDN

Applied DNA Signs Five-Year License And Commercialization Agreement With Indus Group For CertainT Traceability Platform; Indus Consumes 450M Pounds Of Cotton Annually

Canaccord Genuity analyst Brian McNamara maintains Middleby (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIDD#NASDAQ">MIDD</a>) with a Buy and maintains $159 price target.

MIDD

Canaccord Genuity Maintains Buy on Middleby, Maintains $159 Price Target

Workers often forego billions of dollars in gains that they could have made off <a href="https://www.benzinga.com/personal-finance/24/07/39819250/do-you-know-how-much-you-should-have-in-your-401-k-heres-what-experts-recommend-vs-the-actual-av">their retirement plans</a>. 
Why? They unknowingly roll their savings into cash holdings instead of new investments after they switch jobs.
When a 401(k) balance from an old company&#8217;s plan is rolled over into an individual retirement account (IRA), that money is usually held as cash until it is put into new investments held by the IRA. 
Almost a third of workers who rolled savings into IRAs at Vanguard Group in 2015 still had the balance sitting in cash seven years later, the New York Times <a href="https://www.wsj.com/personal-finance/retirement/the-401-k-rollover-mistake-that-costs-retirement-savers-billions-c7a19dfa?mod=hp_lista_pos1">reported</a>.
Americans with IRAs that hold a lot of cash forfeit more than $172 billion a year in retirement wealth that could have been made by investing in stocks and bonds, a Vanguard study estimates.&nbsp;
Also Read: <a href="https://www.benzinga.com/personal-finance/24/07/39911209/robbing-peter-to-pay-paul-retirement-expert-says-its-absurd-taking-incentives-from-401-k-plans-t">&#8216;Robbing Peter to Pay Paul&#8217; – Retirement Expert Says It&#8217;s Absurd Taking Incentives From 401(k) Plans To Fund &#8216;Flawed&#8217; Social Security</a>
The error is common among younger workers who are used to their savings being automatically invested in company 401(k) plans. As a result, they run the risk of forsaking years of possible investment gains that compound over the years.
 IRAs have $14.3 trillion in assets, versus $11.1 trillion in 401(k)-type plans, according to the Investment Company Institute, the fund industry's trade association.
Price Action: 401(k) plan administrators trended upward as of Tuesday&#8217;s mid-afternoon trading. Automatic Data Processing, Inc. (NASDAQ ADP) edged up 0.12% to $248.28, while Fidelity Investments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIDX#NASDAQ">FFIDX</a>) gained 1.54% to $91.05 and T. Rowe Price, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) moved up 1.22% to $117.39.
Exchange-traded funds that track ADP declined for the most part by Tuesday afternoon.
<ul>
<li>WBI BullBear Quality 3000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIL#NYSE">WBIL</a>) picked up 0.48%.</li>
<li>WBI BullBear Yield 3000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIG#NYSE">WBIG</a>) slipped 0.37%.</li>
<li>WBI BullBear Value 3000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIF#NYSE">WBIF</a>) slid 0.10%.</li>
<li>Madison Dividend Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIVL#NYSE">DIVL</a>) declined 0.09%.</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/24/07/39892121/top-economist-debunks-myth-you-need-1-46-million-to-retire-argues-you-can-retire-comfortably-wit">Top Economist Debunks Myth You Need $1.46 Million To Retire – Argues You Can Retire Comfortably With $100,000 Or Less</a></li>
</ul>
Image via Pexels/ RDNE Stock project

Personal Finance

ETFs

DIVL

FFIDX

TROW

WBIF

WBIG

WBIL

Workers Give Up Billions In Retirement Gains By Rolling Over Into Cash Holdings

WIIM

NYCB

New York Community Bancorp shares are trading lower after the company reported worse-than-expected Q2 financial results. Also, the company announced the approval of the sale of its residential mortgage business to Mr. Cooper for $1.4 billion.

The Dow Jones index closed lower by over 500 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Super League Enterprise</h3>
<ul>
<li>The Trade: Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) Director Jeff Patrick Gehl <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 50,000 shares at</a> an average price of $1.35. To acquire these shares, it cost around $67,548.</li>
<li>What's Happening: On June 21, Super League issued a mid-year update from the Company's Chief Executive Office, Ann Hand.</li>
<li>What Super League Enterprise Does: Super League Enterprise Inc is the rocket ship to the metaverse.</li>
</ul>
<h3 class="wp-block-heading">aTyr Pharma</h3>
<ul>
<li>The Trade: aTyr Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATYR#NASDAQ">ATYR</a>) Director Paul Schimmel <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 100,000 shares </a>at an average price of $1.85. To acquire these shares, it cost around $184,613.</li>
<li>What's Happening: On July 22, HC Wainwright &amp; Co. analyst Joseph Pantginis reiterated aTyr Pharma with a Buy rating and maintained a $35 price target.</li>
<li>What aTyr Pharma Does: aTyr Pharma Inc is a biotherapeutics company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform.</li>
</ul>
<h3 class="wp-block-heading">Retractable Technologies</h3>
<ul>
<li>The Trade: Retractable Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVP#NYSE">RVP</a>) President and CEO Thomas J Shaw <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 8,788 shares</a> at an average price of $1.09. The insider spent around $9,579 to buy those shares. </li>
<li>What's Happening: On May 15, Retractable Technologies posted a decline in quarterly sales results.</li>
<li>What Retractable Technologies Does: Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39950906/nasdaq-s-p-500-record-worst-session-since-2022-amid-tesla-alphabet-selloff-investor-optimism-decrea">Nasdaq, S&amp;P 500 Record Worst Session Since 2022 Amid Tesla, Alphabet Selloff: Investor Optimism Decreases Further</a></li>
</ul>

Long Ideas

Penny Stocks

Insider Trades

Pre-Market Outlook

Trading Ideas

ATYR

Super League Enterprise And 2 Other Stocks Under $2 Insiders Are Buying

First Financial Northwest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFNW#NASDAQ">FFNW</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.03 by 466.67 percent. This is a 6.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $8.97 million which beat the analyst consensus estimate of $8.77 million by 2.28 percent. This is a 12.99 percent decrease over sales of $10.31 million the same period last year.

Earnings

FFNW

First Financial Northwest Q2 EPS $0.17 Beats $0.03 Estimate, Sales $8.97M Beat $8.77M Estimate

Wedbush analyst David Chiaverini maintains Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) with a Neutral and raises the price target from $63 to $75.

Wedbush Maintains Neutral on Prosperity Bancshares, Raises Price Target to $75

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains First Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBNC#NASDAQ">FBNC</a>) with a Outperform and raises the price target from $40 to $45.

FBNC

Keefe, Bruyette & Woods Maintains Outperform on First Bancorp, Raises Price Target to $45

U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 0.5% on Thursday.
Shares of Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) fell sharply in today's pre-market trading following a <a href="https://www.benzinga.com/news/earnings/24/07/39943178/ford-q2-earnings-highlights-revenue-beat-eps-miss-transit-vans-hit-record-ev-sales-fall-37">second-quarter earnings miss.</a>
Ford reported second-quarter revenue of $47.8 billion, up 6% year-over-year. The revenue beat a Street consensus estimate of $44 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents.
Ford Motor shares dipped 13% to $11.90 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) shares tumbled 22% to $67.85 in pre-market trading after the company reported worse-than-expected second-quarter sales results and issued third-quarter guidance below estimates. Also, the company acquired JenaValve and Endotronix.</li>
<li>MaxLinear, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NYSE">MXL</a>) shares declined 18.1% to $18.25 in pre-market trading after the company reported worse-than-expected second-quarter financial results.</li>
<li>STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) shares fell 12.4% to $34.65 in pre-market trading after the company reported a second-quarter EPS miss and issued soft third-quarter guidance.</li>
<li>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) dipped 8.7% to $131.00 in pre-market trading following soft third-quarter guidance.</li>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) shares fell 8.2% to $6.85 in pre-market trading after the company reported worse-than-expected EPS results.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) fell 7.8% to $18.06 in pre-market trading following H1 results.</li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) declined 4.6% to $203.84 in pre-market trading after the company lowered FY24 EPS guidance.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) shares fell 3% to $8.23 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39931967/nvidia-mcdonalds-and-2-other-stocks-insiders-are-selling">Nvidia, McDonald&#8217;s And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Movers

STLA

Ford Posts Downbeat Earnings, Joins MaxLinear, STMicroelectronics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

PEGA

Pegasystems shares are trading higher after the company reported better-than-expected Q2 financial results.

Garrett Motion shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 guidance.

ACIU

AC Immune shares are trading higher after the company's ACI-35.030  was granted FDA Fast Track Designation for Alzheimer's Disease.

<a href="https://newsroom.aboutrobinhood.com/introducing-joint-investing-accounts/" title="https://newsroom.aboutrobinhood.com/introducing-joint-investing-accounts/">https://newsroom.aboutrobinhood.com/introducing-joint-investing-accounts/</a>

HOOD

'Introducing Joint Investing Accounts at Robinhood' - Robinhood

Keefe, Bruyette &amp; Woods analyst Aidan Hall maintains Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) with a Market Perform and raises the price target from $219 to $245.

Keefe, Bruyette & Woods Maintains Market Perform on Evercore, Raises Price Target to $245

IMAX

Imax shares are trading higher after the company reported better-than-expected Q2 sales results.

Orion Group shares are trading lower after the company reported worse-than-expected Q2 financial results.

Canaccord Genuity analyst Sumant Kulkarni maintains CervoMed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVO#NASDAQ">CRVO</a>) with a Buy and maintains $65 price target.

CRVO

Canaccord Genuity Maintains Buy on CervoMed, Maintains $65 Price Target

eCommerce major Coupang (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) has completed the acquisition of Farfetch's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FTCHF#OTC">FTCHF</a>) assets. Coupang agreed to acquire Farfetch's business a...

CPNG, FTCHA: Coupang's Farfetch Leap Sparks Investor Ire

The TipRanks All-star Analyst of the Day title goes to Eric Sheridan of research firm Goldman Sachs. Remarkably, Sheridan ranks #261 out of the 8,6...

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Farfetch Ltd Class A

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Latest news for Farfetch Ltd Class A (OTC:FTCHF) Stock