American Express, Verizon, Schlumberger and more

Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment. Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted … Read more

Snap, Meta Platforms, Mattel and more

People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the bell: Snap – Shares of the Snapchat parent company plummeted more than 26% in extended trading after reporting a miss on the … Read more

Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to shift their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the … Read more

Goldman recommends some options trades to profit from weak earnings from two notable companies

Earnings season is ramping up quickly around the corner, and there are a few companies that investors should bet on disappointing, according to Goldman Sachs. The investment firm’s derivatives research team, led by Vishal Vivek, said in a note to clients last week that investors should consider buying put options on Intel and Boston Beer … Read more

GameStop, Seagen, Virgin Galactic and more

Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22nd. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) … Read more

Nike, Boston Beer, Disney and more

Check out the companies making headlines in midday trading. Nike – Shares of Nike fell 7% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher revenue for its fiscal first-quarter versus the prior year, and low double-digit revenue for the full … Read more

Amazon, FedEx, Snowflake, Tesla, Micron

Here are Tuesday’s biggest calls on Wall Street: Goldman Sachs downgrades Boston Beer to sell from neutral Goldman said in its downgrade of the beer and beverage company that the outlook for hard seltzer is “deteriorating.” The firm also upgraded Molson Coors to neutral from sell and said it sees a better risk / reward. … Read more

Goldman Sachs cuts Truly maker Boston Beer to sell as hard seltzer’s popularity fades

The waning popularity of hard seltzer brand Truly is about to cut Boston Beers momentum, according to Goldman Sachs. Analyst Bonnie Herzog downgraded shares of the Sam Adams brewer to sell from neutral, saying in a Tuesday note that lower consumer interest in hard seltzer, and a lackluster product pipeline, will dampen its sales. “We … Read more

Apple, TSMC, Nike, Dow, Cigna, Amazon

Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley resumes Advanced Micro Devices as overweight Morgan Stanley resumed coverage of the semiconductor company after a long period of restriction and said AMD’s valuation is “reasonable.” “While a digestion phase in PCs and consoles appears likely, and we are budgeting for some bail next year, … Read more

Bernstein downgrades Boston Beer, says guidance cut is likely

A rough year for investors in Boston Beer could soon get worse, according to investment firm Bernstein. Analyst Nadine Sarwat downgraded Boston Beer to market perform from outperform, saying in a note to clients that the beverage company’s forecast appears too optimistic. “We still think SAM is a rare gem, with a unique ability to … Read more