Tag Archives: Stock

Investors curious about the next move in the broader market would be wise to pay extra attention to shares of multinational tech giant Apple (AAPL). “One of the reasons that has been helping sentiment, particularly in industrial stocks and things like that, is the idea that China is going to be reopening,” Interactive Brokers chief strategist Steve Sosnick said on Yahoo Finance Live (video above). “If there is another wave of lockdowns in China, that really upends that story. It upends global… Source link

Tesla stock woes have caught the attention of one noted Wall Street bear on the EV maker. Citi analyst Itay Michaeli upgraded his rating on Tesla to Neutral from Sell on Wednesday, viewing the company losing more than $600 billion in market cap from November 2021 highs as nearing overdone. “We believe the year-to-date pullback has balanced out the near-term risk/reward,” Michaeli wrote in a note to clients. The analyst served up several reasons for the valuation-based upgrade. “(1) With the… Source link

Stock Market Coverage – Wednesday November 23 Yahoo Finance – Yahoo Finance Source link

Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says. “Near-term Best Buy’s same-store sales are still some of the worst in retail with holiday volume a significant unknown,” Citi analyst Steven Zaccone wrote in a note to clients following the company’s earnings report on Tuesday morning. Best Buy stock popped 12% as the company’s earnings actually beat most Wall Street estimates. The company also managed to work its inventory down by 14% year over… Source link

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged… Source link

U.S. stock futures pulled back in early trading Monday as Wall Street barreled into a holiday-shortened trading week. Equity and bond markets will be closed for Thanksgiving on Thursday and end trading at 1 p.m. ET on Friday. Futures tied to the S&P 500 (^GSPC) sank 0.5%, while futures on the Dow Jones Industrial Average (^DJI) fell 80 points, or 0.2%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) declined 0.8%. Shares of Disney (DIS) roared 9% pre-market after the media giant made… Source link

Stock trading app operators have been warned to review their design features, including those with game-like elements, amid concerns they could encourage people to trade more frequently or take on more risk. The Financial Conduct Authority (FCA) said there could be a risk of app features prompting consumers to take actions against their own interests and it raised concerns about features potentially contributing to “gambling-like behaviour”. Features include sending frequent notifications… Source link

U.S. stock futures pointed to modest gains at Friday’s open as investors neared the end of a turbulent trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. Futures tied to the S&P 500 (^GSPC) rose 0.6%, while futures on the Dow Jones Industrial Average (^DJI) added about 135 points, or 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up by 0.8%. Treasury yields continued their ascent, with the benchmark 10-year not back above 3.8% and the… Source link

Walmart stock (WMT) continues to be a retail name to own in an uncertain economic environment, according to Goldman Sachs. In a note to clients, Goldman Sachs retail analyst Kate McShane reiterated a Buy rating on the stock, citing three main reasons: “1) strong top-line trends along with market share gains; 2) an improved inventory position, which should support margins due to reduced markdown pressure; and 3) the long-term algorithm (+4% top line and even better operating income growth)… Source link

U.S. stock futures slumped Wednesday morning as Wall Street weighed an earnings warning from retail bellwether Target against government retail sales data that showed robust consumer spending ahead of the key holiday season. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) hovered below the flatline, while contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.2%. The Commerce Department said Wednesday retail sales jumped 1.3% in October as… Source link