Cautious consumers, macroeconomic worries and continued supply chain bottlenecks are going to work against Apple Inc. in the near term, but don’t give up on shares now. That’s the view from Citi analy...
Tag: Stock
U.S. stock futures inch up ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. How are sto...
Bitcoin mining stock report: Monday, July 11
As bitcoin prices once again fell below $21,000 over the weekend, mining stocks had a negative day on the market Monday. Core Scientific, Bitfarms and Riot Blockchain fell by double digits — 17.02%, 1...
Canoo Stock Soars As Embattled EV Startup Joins GM, Ford In Walmart Delivery Fleet
Canoo stock soared as the embattled startup joined General Motors (GM) and Ford (F) in building out Walmart‘s (WMT) EV delivery fleet. X The Dow Jones retail giant signed a “definitive agr...
Stock market faces inflation test Wednesday: Here are ‘good, bad and ugly’ scenarios
Expectation for U.S. inflation have fallen over the past month thanks largely to the drop in industrial and agricultural commodity prices. This trend has shown up in the Federal Reserve Bank of New Yo...
Stock futures are flat with all eyes on June’s inflation report
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed in overnight trading on Tuesday as investors awaited a key inflation report that is expected to show a f...
Canoo Walmart deal for 4,500 vans sends EV stock jumping
Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business Courtesy: Canoo | Walmart Electric vehicle startup Canoo sai...
LCID stock rises as Lucid rolls out new tech for its EV charging system
On July 12, Lucid’s (NASDAQ: LCID) stock rose as much as 2% in the early hours of trading after it released a new tech video that reveals their innovative “Wunderbox” electric vehicle (EV) charging sy...
Gold mining behemoth Petropavlovsk to delist from LSE sparking a 40% stock drop
Trading in Petropavlovsk shares has been difficult, to say the least, after the U.K. imposed sanctions on its main lender Gazprombank, following Russia’s invasion of Ukraine. The company’s shares fel...
Stock futures decline as investors gird for start of 2Q earnings
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE U.S. stock futures fell early on Tuesday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter ear...
J.P. Morgan Bullish on Amazon Stock Ahead of Prime Day
The Q2 Earnings season might be kicking into action, but before Amazon (AMZN) delivers the quarter’s financial report, it has another big event to attend to. This week, the ecommerce giant’s annual sh...
Guess stock is back to its pre-COVID price: should you buy?
Guess Inc (NYSE: GES) is now back to the price at which it traded before the Coronavirus pandemic, but an Oppenheimer technical analyst says the stock is still not worth owning. Guess Inc is strugglin...
Rivian stock edges lower in late session after layoffs report
Shares of electric-vehicle maker Rivian Automotive Inc. fell about 0.4% in the extended session Monday after ending the regular trading day 6.4% lower following a report that it was planning to lay of...
GOOGL Stock Split Due Late Friday As Amazon, Shopify Search For Split Boost
With Google parent Alphabet (GOOGL) poised to complete its 20-for-1 stock split after the market close on Friday, the recent splits by Amazon.com (AMZN) and Shopify (SHOP) may give investors reason fo...
Is Now the Time to Pull the Trigger on Nvidia Stock? This Analyst Says ‘Yes’
Compared to the bullish trends of recent years, 2022’s stock market action has been noticeably different. Huge losses have been the order of the day across virtually every segment of the market. Even ...
The world’s largest asset manager just cut its outlook for the stock market
BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposu...
Why ‘Twitter deal meltdown’ is a positive for Tesla stock: Analyst
Twitter’s (TWTR) board may vow that it will seal its deal with Elon Musk one way or another, but some analysts say that one thing is for sure — Tesla (TSLA) shareholders will likely be better off with...
Expect Wider Swings With This EV Charging Station Company
As we kick off the week, equities are starting off the day by moving lower, but our shares of EV charging company ChargePoint (CHPT) are falling more to the downside than the overall market. Some of t...
Redfin stock tumbles after it says housing market deals are falling through at the fastest rate in 2 years
Shares of Redfin Corp. RDFN, -10.74% tumbled 9.6% in morning trading Monday, after the online real estate services company said that housing market deals are falling through at the fastest clip in two...
Is Warren Buffett’s Favorite Stock Overbought? Occidental Petroleum Gets Downgrade From Analysts
Topline Shares of Occidental Petroleum, a favorite of billionaire investor Warren Buffett, fell 2% on Monday after Goldman Sachs analysts downgraded the stock and warned valuations look less attractiv...
Lululemon stock could sink another 30% from here: Jefferies
Lululemon Athletica Inc (NASDAQ: LULU) is already down about 30% from its year-to-date high but a Jefferies analyst warns the pain is far from over yet. Lululemon stock downgraded to ‘hold&rsquo...
Apple stock set to snap 5-day win streak after analyst slashes price target
This replaces an earlier report that incorrectly named the Monness Crespi Hardt analyst that covers Apple. It has been corrected Shares of Apple Inc. AAPL, -1.48% dropped 0.8% in premarket trading Mon...
Citi sees a surprising stock market rally into year-end
As recession fears swirl on Wall Street, Citi says corporate profits may surprise many later this year. And the stock market’s performance should follow. “We see room for U.S. equities to ...
Musk quits Twitter deal: ‘Twitter could be an $11 stock’
Shares of Twitter Inc (NYSE: TWTR) are down roughly 10% on Monday after Elon Musk announced plans of quitting his $44 billion takeover deal with the social network. Twitter shares could tank another 6...
If this stock market is shaping up like 2008, here’s where we could be headed next, says strategist
Those looking for a bit of good news to start the week may have to cast the net further out. Stocks are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was...
Intel Named ‘Top Dividend Stock Of The Nasdaq 100’ At Dividend Channel With 3.8% Yield
Intel has been named as the ”Top Dividend Stock of the Nasdaq 100”, according to Dividend Channel, which published its most recent ”DividendRank” report. The report noted that ...
Nvidia Stock Gets a Price Target Cut. Russia and China Will Hurt Sales.
Text size Nvidia has said that Covid-19 lockdowns in China, plus the suspension of sales in Russia, will reduce its second-quarter revenue by $500 million. Justin Sullivan/Getty Images Shares of Nvidi...