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Wholesale Strategy Debate May Deter Incremental Buyers Despite Nike's Q4 Performance: Morgan Stanley
Friday, June 30, 2023 - 12:45pm | 559Morgan Stanley analyst Alex Straton reiterated an Overweight rating on the shares of Nike Inc (NASDAQ: NKE) and lowered the price target from $130 to $127. Nike reported a Q4 revenue growth of 10% Y/Y to $12.82 billion, beating the analyst consensus of $12.59 billion....
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ETF Returns: Mid-Cap Winners And Losers
Wednesday, June 28, 2023 - 4:16pm | 666We performed a screening of mid-cap ETFs - defined as having Assets Under Management (AUM) between $2 billion and $10 billion - to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered. ...
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Google Accused of Breaching Promised Ad Standards, Big Brands and Government Agencies Affected
Wednesday, June 28, 2023 - 3:01pm | 477Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google violated its promised standards when placing video ads on other websites, claims a new study. Google's YouTube hosts ads on its platform and places video ads on other sites through the Google Video Partners...
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Top 5 Consumer Stocks That Could Blast Off This Month
Wednesday, June 28, 2023 - 7:34am | 683The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price...
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Why Walgreens Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Tuesday, June 27, 2023 - 1:56pm | 1772Gainers Tivic Health Systems, Inc. (NASDAQ: TIVC) shares jumped 105% to $0.2050 after the company signed a distribution agreement with Cardinal Health. Black Diamond Therapeutics, Inc. (NASDAQ: BDTX) surged 76.3% to $3.2450 after the company announced initial dose escalation data demonstrated anti...
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Top 5 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter
Tuesday, June 27, 2023 - 7:54am | 668The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price...
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Crypto Analyst Says Bitcoin Can Break $32K Level, Nikola Moves Forward With Test Road Trips Despite Weak Demand & Internal Conflict, Retailers' Subscriptions Under FTC Scrutiny: Today's Top Stories
Friday, June 23, 2023 - 9:14am | 2119Benzinga Can Bitcoin Push Past $32K This Year? Crypto Analyst Says 'We Can Break It' On 'Best Fundamental News' A pseudonymous crypto analyst on Thursday said that Bitcoin (BTC/USD) could soon break out of its "indecision zone" and push past a crucial resistance...
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Lululemon Struggles To Find Buyer For Mirror Despite Slashing Prices: Report
Friday, June 23, 2023 - 7:45am | 371Lululemon Athletica Inc (NASDAQ: LULU) is struggling to find a buyer for the fitness product Mirror, although the company lowered the price of the asset. The company decreased the value it paid for the device by around 90% to just $58 million, as per NY Post. In June 2020, the company...
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U.S. Jobless Claims and British Rates Jump, While Stocks Feel Pressure After Three-Straight Drops
Thursday, June 22, 2023 - 9:36am | 2145(Thursday market open) A surprise 50-basis-point rate hike this morning from the Bank of England (BoE) and more tough talk yesterday from Federal Reserve Chairman Jerome Powell combined to pressure stocks early Thursday. Major indexes are lower for the fourth day in a row as...
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La-Z-Boy, FedEx And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Wednesday, June 21, 2023 - 6:39am | 369U.S. stock futures traded mixed this morning. Here are some big stocks recording losses in today’s pre-market trading session. Zura Bio Limited (NASDAQ: ZURA) shares tumbled 7.7% to $11.82 in pre-market trading after jumping 35% on Tuesday. Cabaletta Bio, Inc. (NASDAQ: CABA) shares dipped 7....
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Winnebago Industries, La-Z-Boy And 3 Stocks To Watch Heading Into Wednesday
Wednesday, June 21, 2023 - 4:03am | 325With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Winnebago Industries, Inc. (NYSE: WGO) to report quarterly earnings at $1.83 per share on revenue of $961.04 million before the opening bell...
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Central Bank Barrage: More Monetary Focus Ahead Including Powell Testimony After Beijing Cuts Rates
Tuesday, June 20, 2023 - 12:58pm | 2301(Tuesday market open) If you didn’t get your fill of Federal Reserve last week, you’re going to love the next few days. First comes Fed Chairman Jerome Powell’s semi-annual testimony to the House Financial Services Committee tomorrow morning, but he’s only the tip of...
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US Housing Starts Skyrocket To Highest Level Since 2016: Sign Of Strong Market Optimism Among Builders
Tuesday, June 20, 2023 - 10:36am | 592U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction. What Happened: Data issued by the Federal Reserve of St. Louis showed a 21.7% jump in the initiation of home construction, reaching...
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FedEx, Alibaba And 3 Stocks To Watch Heading Into Tuesday
Tuesday, June 20, 2023 - 4:09am | 323With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects FedEx Corporation (NYSE: FDX) to report quarterly earnings at $4.89 per share on revenue of $22.77 billion after the closing bell. FedEx shares...
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Investor Sentiment Declines Slightly After Dow Drops Over 100 Points
Tuesday, June 20, 2023 - 2:48am | 337The CNN Money Fear and Greed index showed a slight decline in overall sentiment among U.S. investors on Friday. U.S. stocks closed lower on Friday, with the S&P 500 breaking its six-session win streak. However, the benchmark index still recorded weekly gain, also notching fifth positive week in...