Tag Archives: target

(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link

JPMorgan’s North American equity team is lowering its price target for shares of Coinbase Global from $78 to $60 for December. The publicly listed crypto exchange draws the majority of its revenue from U.S. crypto trading levels, meaning its third and fourth quarter earnings hinge on crypto trading interest. “We think pressure on Coinbase revenue from falling cryptocurrency markets will pressure the stock price,” JPMorgan analysts wrote. Shares of Coinbase Global (COIN) sold down from… Source link

(Reuters) -Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance. Analysts at Goldman Sachs wrote in a note late Thursday that the expected path of interest rates by the central bank is now higher than its previous estimate. Their previous target was 4,300 points. The benchmark index last closed at 3,758 points. “Based on our client… Source link

Walmart (WMT) may have an edge over its competition, Target — selling gasoline. Walmart+ members can save 10 cents a gallon at a number of participating Walmart, Murphy, Exxon and Mobil (XOM) stations nationwide. “This is actually Walmart’s secret ingredient over Target,” Jharonne Martis, director of consumer research at Refinitiv. In Walmart’s second-quarter fiscal 2023 earnings results, year-over-year sales grew 6.5%. This quarter alone, membership income grew 25.6%, according to… Source link

Average draft position fluctuates throughout the months leading up to the NFL regular season, and never more so than when teams hit the field in pads for the first time. Players drastically fall up and down the draft board as injury news, depth chart battles, and the like begin to trickle out of training camps and preseason games. It’s easy for players to get lost in the weeds, being completely forgotten about as we try to adjust on the fly to the newest available information. That’s why… Source link

Yandex (NASDAQ:YNDX – Get Rating) was the recipient of unusually large options trading activity on Wednesday. Investors bought 1,814 put options on the company. This represents an increase of 1,437% compared to the typical volume of 118 put options. Yandex Price Performance YNDX stock opened at $18.94 on Thursday. The company’s fifty day moving average price is $18.94 and its 200-day moving average price is $23.25. Yandex has a one year low of $14.11 and a one… Source link

Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink warns. Wissink, citing “profit warnings from peers & suppliers and pressure on discretionary wallets,” slashed her EPS estimates on Target for the balance of 2022 and 2023 in a new note on Monday. “The cut to our model appears drastic at face value, fully discounting Target’s ability to bounce back… Source link

Google is trying to cut down on annoying, unskippable ads in Android apps and overall bad behavior in the Play Store (via TechCrunch). The company announced wide-ranging policy changes on Wednesday that update rules across several categories to be more specific, clamping down on loopholes developers may have used to skirt existing rules. One of the changes that will impact your everyday phone usage the most is for ads. Google says its updated guidelines, which will go into effect on… Source link

The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading sideways lately, some investors are wondering whether the sell-off is done and we could be at the bottom. But according to Bank of America’s head of U.S. equity and quantitative strategy Savita Subramanian, tough times still lie ahead. Her team recently lowered their year-end price target on the… Source link

A view of the Tesla service centre in Singapore July 16, 2022. REUTERS/Chen Lin It will be make-or-break for Tesla (TSLA) come Wednesday after the bell, as the electric vehicle maker releases its second quarter earnings report. The Street is expecting Tesla to report That revenue figure would represent a 2.5% drop from a year ago, which is not that severe considering the production issues Tesla experienced during Q2 due to COVID-related shutdowns at its Shanghai Gigafactory. On the profitability… Source link