Tag Archives: Stock

Rite Aid’s (RAD) outlook is a hot mess — so hot the company may not be in business much longer. At least that’s the word from Deutsche Bank analyst George Hill, who issued a damning downgrade of the struggling retailer on Thursday. Hill slashed his rating on Rite Aid to Sell and slapped the stock with a $1 price target. Most worrisome — at least if one still owns Rite Aid’s stock — is that Hill suggests Rite Aid may go under. “We see a likely risk that the company provides guidance next… Source link

U.S. stock futures were flat ahead of overnight trading Wednesday following a hawkish readout of minutes from the Federal Reserve’s last policy-setting meeting that hinted officials were poised to intervene more aggressively to curb inflation, sending the major indexes tumbling in the earlier session. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite hugged the flatline in extended trading after a two-day losing streak for the benchmarks. The tech-heavy Nasdaq,… Source link

While some experts are beginning to sound the alarm over the threat of stagflation for the remainder of 2022, a combination of surging inflation and slowing growth poses an ever-growing risk to markets. 22V Research founder Dennis DeBusschere believes that investors should indeed expect stock market returns to be muted in the medium term. “So we’ll start with the upside. It seems pretty clear to us that the Fed needs to ratchet down demand growth,” DeBusschere told Yahoo Finance Live…. Source link

Activist short-seller Spruce Point Capital Management is taking aim at medical device company Stryker (SYK). Spruce Point unveiled its latest attack on Wednesday, saying Stryker has overpaid for recent acquisitions, has used questionable accounting practices and has executive compensation that isn’t aligned with shareholder interests. The activist has called on Harvard Business School dean and Stryker audit committee member Srikant Datar to evaluate its findings with “independent forensic… Source link

U.S. stock futures traded slightly higher Tuesday evening as investors digested hawkish remarks from key monetary policymakers. These suggested that more members of the Federal Reserve were open to moving aggressively to raise interest rates and bring down demand and persistently elevated levels of inflation. Contracts on the S&P 500 edged up. The blue-chip index ended Tuesday’s session lower by 1.3%. The Nasdaq Composite dropped 2.3% its biggest decline in a month as technology stocks gave… Source link

U.S. equity futures were little changed heading into overnight trading Monday following a rally in the tech sector that lifted stocks higher to start the week. Contracts on the S&P 500, Dow Jones Industrial and Nasdaq Composite were near breakeven in extended trading after all three benchmarks closed in the green Monday. The Nasdaq — which gained 1.9% in the main session — was buoyed by a 27% surge in Twitter (TWTR) that came after Tesla (TSLA) CEO Elon Musk revealed he purchased a 9.2%… Source link

Google may reduce the visibility of a product page if the item for sale is listed as out of stock on the retailer’s website. This is stated by Google’s Search Advocate John Mueller during a recent Google Search Central SEO office-hours hangout. A question is submitted by an ecommerce store owner asking if search rankings for transactional keywords could be negatively impacted if the products sell out. Mueller says, in theory, Google could reduce visibility for product pages with out of… Source link

U.S. stock futures traded mostly higher Monday morning as investors monitored the potential for more sanctions against Russia amid ongoing concerns over inflation and global economic growth. Contracts on the S&P 500 traded slightly higher as the index looked to hold onto last week’s gains. The Dow was flat to slightly higher, while the Nasdaq Composite rose 0.4% as technology shares outperformed in pre-market trading. Shares of Twitter (TWTR) soared by more than 20% after Tesla (TSLA) CEO… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, April 4, 2022 “Cash is trash,” billionaire Ray Dalio told me in a chat recently (more on that below). And he may be right as it pertains to the current investing backdrop. Cash allocations are almost two times more than last year’s levels, according to new data out of Bank of America. The data looks at the average recommended allocation to… Source link

U.S. stock futures opened slightly higher Thursday evening as traders looked ahead to the start of a new month of trading and a closely monitored new economic report on the state of the labor market. Contracts on the S&P 500 edged up to kick off the overnight session. The index fell for a back-to-back session on Thursday, limping into the final session of March and the first quarter. Investors on Friday are set to closely monitor the Labor Department’s monthly jobs report, offering the most… Source link