Lowe’s stock is getting nailed with a downgrade by analysts at Citi on fears that a rapid cooling in the housing market will hammer demand at the home improvement retailer. Citi analyst Steven Zaccone slashed his rating on Lowe’s to neutral from buy on Thursday. “We see risk of a 2Q miss on same-store sales and EPS vs. Street with the potential to cut FY22 guidance given the weak first half results,” Zaccone wrote in a new note to clients. “We believe the buy-side is bracing for a miss and… Source link
Read More »AMC just dropped the hammer on every meme stock CEO
The Meme Market is back with a vengeance. And AMC (AMC) is playing a different game the second time around. On Thursday morning, the company filed to sell up to an additional 11.5 million shares as its stock price continues a monster run higher. On Wednesday alone AMC shares rose 95% and in pre-market trading on Thursday the stock was at one point up another 20%. But this does not mark the company’s first effort to capitalize on recent volatility. Earlier this week AMC raised $230… Source link
Read More »Hawks hammer Knicks with 17-point win, take 3-1 series lead
Welcome to the Yahoo Sports NBA playoff tracker, your daily one-stop shop for all the latest game results from each NBA playoff series. Here’s a look at Sunday’s games. Thanks to a dominant win over the New York Knicks on Sunday, the Atlanta Hawks are just one game away from advancing to Round 2. The Hawks hammered the Knicks in Game 4, winning 113-96 thanks to a strong second half — especially the third quarter. The Hawks led 53-49 at halftime, but when they came back from the locker room… Source link
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