Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, US, February 11, 2021. Mike Segar | Reuters Check out the companies making headlines in midday trading Monday. Boeing — Shares of the … Read more
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
The state of consumer spending in the US is tricky to call right now. On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported Friday … Read more
Goldman Sachs sees more pain ahead for stocks in the second half of 2022 as corporate earnings weaken. For equity investors bruised on this year’s roller coaster, the Wall Street firm broke down three stable strategies to help smooth the ride. The S&P 500 just suffered its worst first half since 1970 as investors continue … Read more
Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft, in another high profile warning, … Read more
As Wall Street starts another month with further volatility in the markets, Credit Suisse identified some “dividend aristocrats” that could offer investors steady returns. Analysts at the investment bank maintained an overweight rating on dividend stocks, even as they moved down to neutral on value stocks, according to a Friday report from the investment bank. … Read more
With the S&P 500 close to crossing into a bear market as stocks continue their 2022 slide, investors looking for stable names in rocky times have a few opportunities. The broad market index on Thursday fought to stay green. It was down about 18% for the year and sitting 19% from last year’s high. Stocks … Read more
Here are the biggest calls on Wall Street on
Elevated input costs are hitting companies across consumer categories, and Colgate-Palmolive is no exception, Atlantic Equities said.
A contractor working for Amazon.com cleans a delivery truck in Richmond, California, US, on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon – Shares of the e-commerce company slumped 13% after issuing weak revenue guidance for the current quarter. Amazon also … Read more