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Dell Technologies To Rally More Than 15%? Here Are 10 Other Analyst Forecasts For Tuesday
Tuesday, September 19, 2023 - 6:53am | 553Raymond James increased the price target for Vital Energy, Inc. (NYSE: VTLE) from $54 to $67. Raymond James analyst John Freeman maintained an Outperform rating. Vital Energy shares rose 0.5% to $54.37 in pre-market trading. B of A Securities slashed PTC Therapeutics, Inc. (NASDAQ: PTCT) price...
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Govt Tried To Kill Housing: A Homebuilder Surprises With Q3 New Orders Up 37%
Friday, September 15, 2023 - 10:45am | 389Thursday after close, Lennar Corporation (NYSE: LEN) reported quarterly earnings of $3.91 per share, which beat the analyst consensus estimate of $3.51. Quarterly sales of $8.73 billion beat the analyst consensus estimate of $8.45 billion but fell 2.28% from the same period...
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Full Plate: Lots To Digest As Investors Process Stronger-than-Expected PPI, Mixed Retail Sales
Thursday, September 14, 2023 - 10:55am | 2230(Thursday market open) A host of fresh economic data early Thursday showed the U.S. consumer and labor market remain in relatively good health, but wholesale inflation is ticking up a bit more than expected. The calculus isn’t likely to affect next week’s interest-rate decision...
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Investor Sentiment Declines Further Following Inflation Data
Thursday, September 14, 2023 - 2:28am | 379The CNN Money Fear and Greed index showed further decline in overall sentiment among U.S. investors on Wednesday. U.S. stocks closed mixed on Wednesday, as investors digested hotter-than-expected inflation data for August. The annual inflation rate in the U.S. rose for a second consecutive month to...
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Lululemon's Strategic Plan Pays Off As Data Reveals Evolving Demographics
Wednesday, September 13, 2023 - 11:17am | 573Lululemon Athletica Inc (NASDAQ: LULU) reported a 30% sales increase last year, outperforming its initial projections. CEO Calvin McDonald on Tuesday detailed the company's trajectory at the Goldman Sachs Group's 30th Annual Global Retailing Conference. His insights are supported by data...
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Not A Four-Letter Word: "Risk" Embraced To Start Week Despite Rising Treasury Yields
Monday, September 11, 2023 - 12:37pm | 2461(Monday market open) After a lackluster start to the month, Wall Street turns its collective attention to critical U.S. inflation data and a European Central Bank (ECB) meeting later this week. Things are looking up so far as investors seem slightly less risk-averse this morning....
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Trudge Into Weekend: Firm Dollar, Yields, And Crude Sink Markets As China Worries Persist For Tech
Friday, September 8, 2023 - 10:12am | 2115(Friday market open) This short week is starting to feel long, and for many investors it probably can’t end soon enough. Stocks around the world remained in the red early Friday and major U.S. indexes are on pace for more losses, hurt by the troika of rising yields, a firm dollar, and...
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Why Toro Shares Are Sliding Today?
Thursday, September 7, 2023 - 11:37am | 555The Toro Co (NYSE: TTC) shares are trading lower by around 13% after the company reported worse-than-expected Q3 results and cut its FY23 guidance. The company reported a sales decline of 7% Y/Y to $1.08 billion, missing the consensus of $1.22 billion. Adjusted EPS of $0.95 (-20% Y/Y)...
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American Express To Rally Over 25%? Here Are 10 Other Analyst Forecasts For Tuesday
Tuesday, September 5, 2023 - 7:19am | 568Wells Fargo raised the price target for Equity Residential (NYSE: EQR) from $62 to $69. Wells Fargo analyst James Feldman upgraded the stock from Equal-Weight to Overweight. Equity Residential shares rose 0.6% to $64.39 in pre-market trading. B. Riley Securities cut 5E Advanced Materials, Inc...
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McDonald's, Moderna And 2 Other Stocks Insiders Are Selling
Tuesday, September 5, 2023 - 6:57am | 655The Nasdaq 100 closed slightly lower on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales...
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Fear & Greed Index Moves To 'Greed' Zone Following Jobs Data
Tuesday, September 5, 2023 - 1:34am | 433The CNN Money Fear and Greed index moved to the "Greed" zone on Friday following the release of latest jobs report. The U.S. economy added 187,000 jobs in August versus the downwardly revised 157,000 increase in July and compared to market expectations of 170,000. The unemployment rate...
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Lululemon To Rally Around 18%? Here Are 10 Other Analyst Forecasts For Friday
Friday, September 1, 2023 - 6:57am | 537Needham raised the price target for Ciena Corporation (NYSE: CIEN) from $50 to $60. Needham analyst Alex Henderson maintained a Buy rating. Ciena shares rose 15.8% to close at $49.98 on Thursday. Telsey Advisory Group cut Dollar General Corporation (NYSE: DG) price target from $185 to $145....
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Kylie Jenner Contemplates Regaining Control of Her Cosmetics Line Amid Coty Disappointment
Thursday, August 31, 2023 - 9:46am | 476Kylie Jenner has explored redeeming ownership of the cosmetics line she sold to Coty Inc (NYSE: COTY) three years ago after the multinational beauty company failed to meet her expectations. The American socialite, media personality, and businesswoman discussed buying...
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LULU Defies Challenging Macro Environment: Analyst Sees Continued 'Beat-and-Raise' Potential
Wednesday, August 30, 2023 - 1:03pm | 373Wedbush analyst Tom Nikic reiterated an Outperform rating on the shares of Lululemon Athletica Inc (NASDAQ: LULU) with a price target of $415. The company will report second-quarter FY23 earrings on Thursday, August 31, 2023, before market opens. The analyst said that...
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Burger King Grilled in Court: Are Whoppers Really 35% Smaller Than Advertised?
Wednesday, August 30, 2023 - 8:53am | 492A recent legal case involving Burger King has taken a significant turn as a U.S. District Judge, Roy Altman, rejected Burger King's attempt to dismiss a lawsuit alleging that the fast-food chain deceived customers by portraying its Whopper sandwich as larger than it truly is....