Tag Archives: Stock

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

Netflix stock (NFLX) is at a 7-month high after three straight sessions of gains, buoyed by bullish investor sentiment surrounding the streaming platform’s newly launched ad-supported tier. Shares of the media giant, down roughly 50% since the start of the year, have climbed nearly 60% over the past six months. The stock rose about 3% in premarket trading on Tuesday. The ad plan, dubbed “Basic with Ads,” rolled out on November 3 with a price tag of $6.99 a month in the U.S. — just below… Source link

U.S. stock futures started the week on a downbeat note early Monday as Wall Street hinges on another round of earnings from the retail sector. Futures tied to the S&P 500 (^GSPC) inched lower by 0.3% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked down by 0.2%. The technology-heavy Nasdaq Composite (^IXIC) declined by as much as 0.4%. Stocks on Friday ended the week with their biggest gains in months, with lighter inflation data sparking hopes among… Source link

AMD may be in the position to gain market share in the competitive chip space. Baird analyst Tristan Gerra upgraded AMD stock to Outperform in a new note. Gerra sees the stock popping 35% to $100. The stock gained 2% in pre-market trading to nearly $74. Gerra thinks AMD’s new Genoa chips, released last week, will further widen its competitive moat. “Supply chain checks highlight strong reception of Genoa (5nm Zen 4) at data center OEMs, which are shifting significant resources in support of… Source link

U.S. stocks extended a dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020. The S&P 500 (^GSPC) rose 1%, while the technology-heavy Nasdaq Composite (^IXIC) gained 2%. The Dow Jones Industrial Average (^DJI) turned positive heading into the close after lagging behind the other indexes for much of the session. Treasury yields held steady following their steepest one-day decline Thursday in more than a decade. A Source link