Goldman says hide out in these stocks as dollar strength hits big international shares

Investors should hide out in companies that make most of their money domestically, as a strong dollar hurts multinational companies, according to Goldman Sachs. “Earnings results and euro/dollar parity have turned the focus of our recent investor conversations to the impact of US dollar strength on equities,” David Kostin, Goldman’s head of US equity strategy, … Read more

In a recession, turn to these stocks with a history of raising dividends

Investors worried about the potential for a recession that would roil markets may want to look at stocks that pay dividends to keep income flowing. Some companies have a history of consistently raising dividends every year, even late in market cycles and through previous recessions, according to a Monday note from Wolfe Research. “Companies that … Read more

Uber, DoorDash, Spirit, Altria and more

Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its ” Prime “members. Amazon’s deal also gives … Read more

Tesla, Goldman Sachs, Amazon, McDonald’s

Here are Wednesday’s biggest calls on Wall Street: Barclays initiates Penn as overweight Barclays initiated several casino and gaming companies, saying they are attractively valued. “We’re positive on diversified land-based gaming (CZR, PENN, BYD), and select companies across Lodging and Leisure, based on demand exposures and / or valuation.” Read more about this call here. … Read more

Spirit Airlines, BioNTech, Robinhood and more

Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $ 2.7 billion based on Friday’s closing prices, while the most recent JetBlue … Read more

Tesla, Apple, Sunoco, Exxon, Uber, Amazon

Here are Wall Street’s biggest calls on Friday: Goldman Sachs upgrades Wolfspeed to buy from neutral Goldman said it’s getting “tactically more bullish” on the semiconductor company. “While WOLF’s growth story tied to EVs is likely well appreciated by investors given the company’s ongoing investment and backlog growth in this space over the past couple … Read more

FDA bans Juul e-cigarettes as U.S. cracks down on nicotine products

The Food and Drug Administration announced Thursday that it will ban the sale of Juul e-cigarettes in the US The decision is part of the agency’s broader review of the vaping industry following years of pressure from politicians and public health groups to regulate the segment as strictly as other tobacco products after vaping became … Read more

Nike, La-Z-Boy, Altria Group, Coinbase, Dow & more

People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021. Florence Lo | Reuters Check out the companies making headlines in midday trading Wednesday. Nike – Shares of the athleticwear retailer fell more than 3% after Seaport downgraded the stock to neutral from … Read more

DocuSign, Campbell, Moderna and more

The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, US, on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell posted an … Read more

Morgan Stanley downgrades tobacco company Altria Group as inflation cramps demand for cigarettes

Tobacco company Altria Group could see shares suffer as inflation weighs on customers’ wallets, according to Morgan Stanley. Morgan Stanley on Wednesday downgraded Altria to underweight from equal weight. The firm cut its price target to $ 50 from $ 54. The new projection implies 7.4% downside from Altria’s closing price Tuesday. “We anticipate greater … Read more