Apple, Target, Charter, Bumble, Weber

Here are Monday’s biggest calls on Wall Street: Wells Fargo upgrades Target to overweight from equal weight Wells said the market is just too pessimistic on Target shares. “TGT’s sell-off provides the opportunity to pick up a proven share gainer into an underappreciated earnings recovery at the right price, in our view. Read more about … Read more

Clothes are expensive even as retailers try to clear inventory

A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and stores. But shoppers are still paying more as they refresh the closet. Apparel prices rose 0.8% in June compared to May, and 5.2% … Read more

These are the stocks investors are betting the most against heading into earnings

The S&P 500 is off its June lows, and a handful of heavily shorted stocks are poised to pop if the market sees a meaningful rebound. A short squeeze takes place when investors borrow shares of a company, hoping the price will decline, but the price rises instead. In that event, these short sellers are … Read more

Apple, Dow, Amazon, CVS, Roblox, Netflix

Here are Friday’s biggest calls on Wall Street: Goldman Sachs upgrades Utz to buy from neutral Goldman said investors should buy the dip in shares of the snacks company. “We upgrade Utz to Buy, as we see an above average top and bottom line growth outlook given the company’s strong position in the attractive salty … Read more

Walmart strategy to launch apparel, home brands is being put to the test

Scoop is one of Walmart’s exclusive fashion brands. It has also struck deals with national brands like BCBG Paris. Melissa Repko | CNBC SPRINGDALE, Arkansas – Dressed-up mannequins. Eye-catching displays of sleek furniture and colorful swimsuits. And store signs that promote exclusive brands and nationally recognized ones. Walmart’s redesigned SuperCenter, located just 16 miles from … Read more

Target warns of squeezed profits as it cuts prices to get rid of inventory

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The … Read more

American Eagle Outfitters, Unilever, Nio and more

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy – Energy stocks rose along with oil prices after an agreement from European Union leaders to ban most crude imports from Russia stoked inflation fears. … Read more

Tesla, Dish, Nio, Zoom, Rivian, Imax

Here are Tuesday’s biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said in a note Tuesday that China lockdowns remain a production headwind for Tesla, but that a rebound could happen later this year. “Gigafactory Shanghai Partial Lockdown a Near-term Headwind, Though Potentially Stronger SepQ / DecQ Rebound. … That said, we … Read more

Yamana Gold, Credit Suisse, Unilever and more

Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $ 6.7 billion. Yamana Gold shareholders will receive 0.6 Gold Field shares for each share they now hold. Yamana surged 14.9% in the premarket … Read more

Morgan Stanley downgrades American Eagle, sees big discounts ahead for the retailer

Shares of American Eagle Outfitters have cratered 48.3% this year, and further downside is in store, according to Morgan Stanley. Analyst Kimberly Greenberger downgraded the retail stock to underweight from equal weight, citing risks to margins and sales. Greenberger also slashed her price target on American Eagle to $ 8 per share from $ 22, … Read more