Tag Archives: Stock

General Electric stock could potentially double: Goldman Sachs

Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).  The call: GE may not be so fundamentally beat up for much longer.  “We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.  Shares rose 1.3% to $13.06 in early… Source link

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Stock futures open lower after record-setting session

Stock futures opened flat to slightly lower Monday evening on the heels of another record-setting session, with both the S&P 500 and Nasdaq logging new all-time highs. Contracts on the S&P 500 and Nasdaq hugged the flat line in late trading. Facebook (FB) shares added to gains after jumping 4% during the regular trading day, which brought the social media giant’s market capitalization above the $1 trillion mark for the first time ever.  The Dow, heavy in cyclical and value shares,… Source link

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Why the meme stock craze is more significant than you think

As trading platforms like Robinhood create a rise in retail investor market participation and spark a renewed interest in shares of companies dubbed “meme stocks” like GameStop (GME), BlackBerry (BB), and AMC (AMC), the world of finance is seeing an intersection with the social media sphere. “What you’re seeing is a much larger trend here,” Alexis Ohanian, founder of venture capital firm Seven Seven Six and co-founder of Reddit, told Yahoo Finance Live. “It is the intersection of… Source link

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Stock futures mixed as traders await week of key economic data

Stocks traded mixed Monday, with the S&P 500 and Nasdaq ticking up to notch fresh record levels, with traders looking ahead to more key economic data later this week. The S&P 500 edged up to a record intraday high, adding to gains after the blue-chip index posted its best week since February. The Nasdaq also rose to a record intraday level, while the Dow was off slightly. Treasury yields traded lower across the long end of the curve, with the benchmark 10-year Treasury yield hovering below… Source link

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Is Now the Time to Bet on SOS Stock?

Oh boy, crypto miners. Companies like SOS Limited (SOS) have been on a rocky ride of late, to say the least. Since hitting a high of nearly $16 per share earlier this year during the initial meme stock rally, shares of SOS stock have been on a downward trajectory. Currently, SOS stock trades at around $3 per share, at the time of writing. There are good reasons for this, and those will be described below. However, the real focus with SOS stock right now, at least among retail investors, is the… Source link

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Nike’s stock goes haywire after massive earnings report — here’s one stealth winner from Nike’s boom

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

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Stock futures add to record levels, Dow gains after Nike results beat

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

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Nike stock could explode another 50% after monster earnings report: analyst

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

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Is Google Stock Undervalued?

MOUNTAIN VIEW, UNITED STATES: The logo of internet search engine company Google at the headquarters … [+] in Mountain View in Silicon Valley, south of San Francisco, 05 June 2005. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images [Updated 06/25/2021] Google Update Alphabet’s stock (NASDAQ: GOOGL) has seen a rise of 45% since the end of 2020 but is now close to its near term potential. In comparison the S&P 500 rose by 13%… Source link

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Stock futures edge higher ahead of jobless claims data

Stock futures opened slightly higher Wednesday evening following a muted session earlier in the day, with the three major indexes ending mixed ahead of another batch of key economic data this week.  Contracts on the S&P 500 and Dow steadied after both indexes ended Wednesday’s session lower. Nasdaq futures gained after the index rose for a third straight session and set fresh intraday and record highs. Technology stocks have outperformed this week, with traders jumping back into the growth… Source link

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