Tag Archives: Stock

Citi doesn’t like what it sees ahead of Zoom’s Aug. 22 earnings report. The investment bank’s tech analyst Tyler Radke slashed his rating on Zoom stock to Sell from Neutral on Tuesday, adding the stock is “high risk.” The analyst sees the video-conferencing outfit’s shares falling about 20% from current price levels. “Zoom’s post-COVID growth trajectory has always been more challenging, given pull-forward dynamics, but we see new hurdles to sustaining growth including rising competition… Source link

U.S. stock futures dipped in a downbeat start to the trading week after equity markets rallied towards their longest winning streak in 10 months on Friday. Futures tied to the S&P 500 fell 0.6% after the benchmark index marked its fourth straight week of gains in the previous trading session, officially recouping half of its bear market losses this year. The Dow Jones Industrial Average shed 150 points, or roughly 0.5%, and the Nasdaq Composite was off by 0.4%. Data out of China on Monday… Source link

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules. But on Friday, five of China’s biggest U.S.-listed, state-owned giants, valued at a collective $318 billion, announced they would exit Wall Street instead, marking an acceleration in the U.S.-China financial decoupling. State insurer China Life Insurance, energy behemoths PetroChina and China Petroleum & Chemical Corporation,… Source link

LIVE: Stock Market Coverage – Wednesday August 10 Yahoo Finance – Yahoo Finance Source link

TEL AVIV, Israel, Aug. 9, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company“), announced today that following its announcement on July 5th, the Company has received a formal approval of the Israeli district court to summon shareholders meetings for the approval of the upcoming SPAC merger and listing terms on NASDAQ. HUB Security Logo If approved by the shareholders and the… Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

By Jonathan Stempel (Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates and… Source link

By Jonathan Stempel (Reuters) – The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates… Source link

The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than market goers thought just one day earlier. If so, would that set the table for a potential swift downdraft in stocks? “I think it does at the S&P level for the index,” Wall Street’s biggest bear strategist Mike Wilson of Morgan Stanley told Yahoo Finance (video above) when asked if on if the jobs… Source link

Tesla stock is inflated and could lose more than half of its value, according to Citi analyst Itay Michaeli. In a note to clients, Michaeli reiterated a sell rating on Tesla’s stock on with a $424 price target. Tesla stock traded around at $923 per share on Wednesday. The basis for Michaeli’s bold call involves skepticism related to Tesla’s autonomous driving technology and the view that Tesla’s stock — which is trading on a lofty forward P/E ratio of 76 times — is not factoring in a… Source link