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Lowe's Performance To Dip As Home Improvement Market Faces Economic Headwinds: Analyst
Tuesday, November 7, 2023 - 3:58pm | 324RBC Capital Markets analyst Steven Shemesh initiated coverage on Lowe's Companies, Inc. (NYSE: LOW) with a Sector Perform rating and a price target of $194. The analyst says while Lowe's under-penetration in its Pro business presents a share gain/margin opportunity in...
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Sneaker Showdown - Nike Targets New Balance And Skechers In Patent Suit: Report
Tuesday, November 7, 2023 - 6:23am | 409Athletic footwear maker Nike Inc (NYSE: NKE) has reportedly launched legal challenges against two of its industry competitors, New Balance and Skechers U.S.A., Inc (NYSE: SKX), alleging that they have encroached upon patented sneaker technology. New Balance and...
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Shift To Virtual Meetings Declines, Boosting Hotel Industry Outlook: Morgan Stanley
Monday, November 6, 2023 - 2:46pm | 685Morgan Stanley analyst Jamie Rollo conducted an online survey of 135 corporate travel managers responsible for about $8 billion in travel spend with a global spread of operations, and shared the findings. The survey, which is Morgan Stanley’s 21st annual Global Hotel Corporate Travel...
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Hotel Brand Marriott Tightens Annual EPS Forecast; Records 12% Topline Growth In Q3
Thursday, November 2, 2023 - 2:24pm | 434Marriott International Inc (NASDAQ: MAR) reported Q3 FY23 sales growth of 12% Y/Y to $5.93 billion, beating the analyst consensus of $5.89 billion. Comparable systemwide constant dollar RevPAR increased 8.8% Y/Y worldwide, 4.3% Y/Y in the U.S. & Canada, and 21.8% Y/Y in...
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Treasuries, Stocks Extend Gains Following Fed Meeting As Apple, Jobs Report Loom
Thursday, November 2, 2023 - 1:40pm | 2205(Thursday market open) The World Series is over, but Wall Street remains in the thick of this week’s triple play of a Fed meeting, Apple (NASDAQ: AAPL) earnings and Friday’s October jobs report. So far, stocks are building up a lead as worries lessen about future...
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Thursday's Market Minute: Friday's Jobs Report To Deliver A Sober Employment Picture
Thursday, November 2, 2023 - 1:11pm | 468Judging by the most recent JOLTS report, there’s obviously still demand for the worker. Economists say there’s been a consistent demand to fill vacant positions, and it’s still questionable whether there are enough workers to fill the open jobs. Yet the surprise bump in nonfarm...
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Monday's Market Minute: Fed In Focus This Week, But Plenty Of Earnings & Data As Well
Monday, October 30, 2023 - 2:20pm | 491While the primary focus this week will be on the Federal Reserve’s policy announcement on Wednesday, it never hurts to take a market minute to look at a few of the other focal points for investors and traders. We begin with earnings – and how! – with more than 150 S&P 500...
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Penalty Warranted For Southwest Airlines' Flight Fiasco, Amazon Leverages Generative AI for Holiday Ad Boost, McDonald's Q3 Earnings: Today's Top Stories
Monday, October 30, 2023 - 10:07am | 2205Benzinga 'Penalty Is Warranted' - DoT Notifies Southwest Airlines Over Holiday Flight Fiasco Southwest Airlines Co. (NYSE: LUV) has received a warning from the U.S. Department of Transportation that it may face a fine due to significant operational disruptions last December that...
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McDonald's Price Hike Serves Up Tasty Margins in Q3 Earnings Feast!
Monday, October 30, 2023 - 7:53am | 341McDonald's Corp (NYSE: MCD) reported third-quarter FY23 sales growth of 14% year-on-year to $6.692 billion, beating the analyst consensus estimate of $6.577 billion. Global comparable sales rose 8.8%, reflecting strong growth across each segment. U.S. Comparable sales rose...
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Is Barbie Good Enough For Mattel In Uncertain Conditions? Morgan Stanley Has Answers
Thursday, October 26, 2023 - 3:01pm | 373Morgan Stanley analyst Megan Alexander reiterated an Overweight rating on the shares of Mattel Inc (NASDAQ: MAT) and lowered the price target from $27 to $25. The analyst says that MAT posted a strong Q3 beat, but it was met with muted flow-through to the full-...
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Toy Maker Mattel's Shares Are Diving Despite Barbie-Driven Q3 Beat: Here's Why
Thursday, October 26, 2023 - 6:18am | 422Mattel Inc (NASDAQ: MAT) reported third-quarter FY23 sales growth of 9% year-on-year to $1.919 billion, beating the analyst consensus estimate of $1.835 billion. North America segment sales increased 10% Y/Y, and International sales climbed 10% as reported, 3% in constant currency. Net...
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Why Technology-Based Education Company Stride's Shares Are Shooting Higher Today
Wednesday, October 25, 2023 - 7:42am | 325Stride Inc (NYSE: LRN) shares are trading higher by around 16% after the company reported Q1 FY24 results. Revenue of $480.2 million exceeded the consensus of $451.2 million. Revenue rose 12.9% Y/Y, aided by strength in General Education and Career Learning enrollment. General Education...
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Weekly Points – 5 Things To Know In Investing This Week
Tuesday, October 24, 2023 - 1:53pm | 1754The Bond Vigilantes Issue Fed Chairman, Powell, implied the Fed was done raising the fed funds rate for now partly because longer-term yields were rising. Excessive Congressional spending is now driving inflation and higher Treasury yields instead of actions by the Federal Reserve. Politicians in...
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Amid Economic Uncertainty, Businesses Are Looking For Services That Help Drive Growth – Givex Can Help
Monday, October 23, 2023 - 8:03am | 1042In a landscape riddled with economic uncertainties that don’t seem to be eased by the Federal Reserve’s aggressive monetary policy, inflation is sending shockwaves across industries, demanding adaptive business models. Various industries are grappling with the rippling effects of these...
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From Silicon Valley To City Streets: Knightscope's Robotic Guardians
Friday, October 20, 2023 - 12:10pm | 622Click here to learn more about the Knightscope Public Safety Infrastructure Bond. In an ever-evolving world, we're constantly looking for ways to increase public safety, and robots and AI could represent a huge leap forward in our ability to do just that. One company pioneering robotics in...