Information Technology

Live Ventures Inc (NASDAQ: LIVE) announces the acquisition of Precision Metal Works, a Kentucky-based metal stamping and value-added manufacturing company, for $28 million. The consideration comprises $25 million cash and an additional consideration of up to $3 million paid in the form of...

Citigroup raised the price target for Cintas Corporation (NASDAQ: CTAS) from $540 to $550. Citigroup analyst Leo Carrington downgraded the stock from Buy to Neutral. Cintas shares fell 0.8% to $503.43 in pre-market trading. Stifel raised Lam Research Corporation (NASDAQ: LRCX) price target...

Wars typically dislocate market valuations and supply chains across many industries; in today's environment, the main clash is between two leading economies. While not a physical war itself, the United States and China are battling in what is being called the 'Chip War.' This conflict...

The 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...

As earnings season kicks off, a different set of stocks goes under the scrutinizing spotlight of financial markets' judgment. In today's market, there are clear signs of favoritism and preference as investors begin to identify what money "likes" in the economy.  The bank...

The most oversold stocks in the information technology 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...

Morgan Stanley analyst James Faucette reiterated Overweight ratings on Visa Inc (NYSE: V) with a $290 price target and Mastercard Inc (NYSE: MA) with a $440 price target in a Wednesday note titled Payments and Processing: V/MA 2Q23 Preview: Cross...

Chinese chip equipment makers Advanced Micro-Fabrication Equipment Inc, and Naura Technology Group Co, expect a doubling in profits after the U.S. tech embargo forced manufacturers to seek domestic alternatives. Advanced Micro-Fab said net income for the first half likely grew 110...

Mizuho boosted the price target for Gulfport Energy Corporation (NYSE: GPOR) from $115 to $125. Mizuho analyst Nitin Kumar maintained a Buy rating. Gulfport Energy shares rose 0.2% to $105.75 in pre-market trading. B of A Securities boosted Uber Technologies, Inc. (NYSE: UBER) price target...

Gainers Healthcare Triangle, Inc. (NASDAQ: HCTI) shares climbed 171.2% to $8.84 as the company launched initiative to prevent ransomware attacks in the $35 billion healthcare data market. Ault Alliance, Inc. (NYSE: AULT) gained 73.3% to $5.72 after the company said it anticipates $200 million in...

LivePerson Inc (NASDAQ: LPSN) shares are trading higher by over 30% after it announced the departure of the Chief Executive Officer, Robert LoCascio, effective December 31, 2023.  The company is currently searching for a new CEO.  LoCascio will also resign from the board, and...

Gainers Allarity Therapeutics, Inc. (NASDAQ: ALLR) shares surged 87% to $11.78 after the company said the initial data from Phase 2 trial of Ixempra shows potential for improved clinical benefit in DRP-selected metastatic breast cancer patients. iMedia Brands, Inc. (NASDAQ: IMBI) shares climbed 85...

Microchip Technology Inc. (NASDAQ: MCHP) announced a multi-year investment of $300 million to expand its operations in India. "Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established it as one of the top...

As the first half of 2023 comes to an end, it’s been a clearly challenging time for stocks, and real estate investment trusts (REITs) in particular, with Federal Reserve rate hikes and hints of recession to come. More than half of all REITs have had negative total returns so far. But some...

Littelfuse, Inc. (NASDAQ: LFUS) has agreed to acquire a 200mm wafer fab in Dortmund, Germany, from Elmos Semiconductor SE for ~ €93 million. The acquisition price will be paid in parts, with €37 million paid following regulatory approvals and €56 million paid at...