Walmart, Bed Bath & Beyond, Zoom, Ally and more

Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart, Home Depot — The retailers’ shares rose about 5% each after both companies reported better-than-expected earnings for the most recent quarter. That lifted other retail … Read more

Look at these stocks to lead a comeback rally if inflation has peaked

Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and services, rose 8.5% in July from a year ago, as compared with estimates of an 8.7% increase. Investors cheered the news, which led many to wonder if … Read more

Wall Street deciphers U.S. consumer health and names stocks it likes

The US Federal Reserve has hiked interest rates by 225 basis points so far this year, with more potentially on the cards. One indicator that’s likely to feature prominently in the Fed’s thinking as it weighs the scale of further hikes is the strength of the consumer. It plays a pivotal role in the Fed’s … Read more

Walmart’s slashed profit outlook sends consumer health warning

Shares of retailers including Macy’s, American Eagle and Amazon are falling Tuesday, a day after Walmart slashed its profit forecast and warned that surging prices for food and gas are squeezing consumers. The big-box retailer, which is the country’s largest grocer, said everyday necessities are eating up more of household budgets and leaving shoppers less … Read more

Adidas cuts 2022 outlook on slower China recovery, potential global slowdown

Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Adidas on Tuesday cut its financial forecast for 2022 as the sneaker and athletic brand suffers from a slower recovery in China and warned of the potential for a slowdown in other … Read more

Bath & Body Works lowers outlook, citing inflation

Bath & and Body Works entrance. Jeff Greenberg | Getty Images Shares of Bath & Body Works initially fell Wednesday after the company lowered its sales and earnings outlook, citing a more challenging macroeconomic environment. But the stock clawed its way into positive territory later in the day, closing up 3% at $ 31.10. “Our … Read more

Netflix, Las Vegas Sands and more

The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Netflix – Shares of the streaming company popped 4.4% a day after Netflix posted a smaller-than-expected subscriber loss in the recent quarter. Netflix reported a beat on earnings but a miss … Read more

Amazon, Apple, Tesla, Netflix, Twitter

Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said he ridesharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. …. For Lyft, profitability and execution … Read more

Raymond James says Bath & Body Works is oversold and will jump nearly 70% from here

Bath & Body Works looks like one of the best deals for investors in the retail category, according to Raymond James. Analyst Olivia Tong initiated coverage of the stock with a strong buy rating, saying in a note to clients on Tuesday evening that shares of Bath & Body Works are oversold even if the … Read more

Tesla, Coinbase, Nio, Disney, Netflix

Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on Disney to $ 125 per share from $ 170, but said the stock is “attractive” at current levels. “Down 40% YTD and below its pre Disney Plus launch share price, we see an attractive … Read more