Tag Archives: report

Stock futures opened TK Thursday evening as investors looked ahead to a key report on the U.S. labor market recovery. Contracts on the S&P 500 TK after the blue-chip index set an all-time high during Thursday’s session, kicking off the start of the third quarter on a high note. Both the Nasdaq and Dow also closed out Thursday’s session higher.  On Friday, investors will receive the U.S. Labor Department’s June jobs report, the central economic data point coming out this week. The print is… Source link

Meme stock traders are once again showing their love for new bestie Bed Bath & Beyond.  Shares of Bed Bath & Beyond (BBBY) exploded more than 30% at one point in Wednesday’s session as traders digested the retailer’s first quarter earnings. To be sure, there were a lot of positives for the meme traders — which sent the stock surging 40% out of the blue in a session earlier this month — to hang their hats on from Bed Bath & Beyond’s latest results.  First, CEO Mark Tritton made mention of… Source link

Shortly after Anfernee Penny Hardaway announced that he was staying at Memphis on Tuesday, news broke of a prominent hire on his coaching staff.  The Athletic’s Jeff Goodman and Shams Charania reported that Hall of Fame coach Larry Brown will join Hardaway’s staff as an assistant coach.  Hardaway has coached his hometown Memphis Tigers for the last three seasons. The four-time NBA All-Star interviewed for the Orlando Magic head coach opening and reportedly emerged as a “serious candidate.”… Source link

Reuters Macron rolls out red carpet to JPMorgan, global CEOs in post-Brexit push President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan’s new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain. The U.S. bank’s chief executive, Jamie Dimon, will be one of almost 120 international CEOs travelling to Versailles on Monday for Macron’s now traditional “Choose France” summit… Source link

Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend.  On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year. Shares of Nike exploded 15% on Friday as… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link

RALEIGH – North Carolina is among a group of states planning to file an antitrust suit against Google over its Play Store app store practices, sources say. Reuters broke the story late Tuesday. The suit is likely to be similar to an antitrust suit filed by Cary-based Epic Games against tech giant Apple over procedures and requirements at its App Store, Reuters noted. The Google action is expected to be filed as soon as next week in a federal court in norhtern… Source link

More details have surfaced in the investigation that has reportedly been launched against Arizona State for violations committed by the Sun Devils football program. The Athletic reported Wednesday morning that ASU program is subject to potential recruiting violations, and additional reporting from Yahoo! Sports on Wednesday afternoon went into further detail regarding violations that were allegedly committed during the recruiting dead period, which lasted more than 12 months due to… Source link

Hindenburg Research, an investment research firm with a focus in activist short-selling which also publishes reports on alleged fraud by other companies, has chosen DraftKings (DKNG) as its next target. Shares were down around 7% after Hindenburg announced that it would be taking a short position on the American sports betting operator. “This report is written by someone who is short on DraftKings stock with an incentive to drive down the share price,” a statement Yahoo Finance received… Source link

The recent Advertiser Perceptions survey of the SSP market shows that (drumroll ….) Google is still the dominant gateway for online advertising, though publishers are testing and adding other SSPs more than ever. The survey was fielded in February and March of this year, and encompasses 151 publishing execs, each of whom represents a site with at least three million unique monthly visitors and sells inventory using an SSP. One important trend is the steady growth in the average… Source link