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
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business. Vail Resorts (MTN) – Vail … Read more
Resale is becoming an increasingly popular option for socially conscious consumers, but stocks in the sector have plummeted post-IPO.
People shop at a grocery store in Monterey Park, California, on April 12, 2022. Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making in the consumer and retail sectors so far this year. The total number of consumer … Read more
Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter – Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $ 54.20 a share to buy the social media company and take it private. Earlier this month, the Tesla CEO announced a 9.2% stake in … Read more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – offered to take the company private for $ 54.20 per share in cash. The proposed deal would value Twitter at more than $ 43 billion. … Read more
Rent the Runway sees the more than 2 million weddings planned for this year, and all the parties that come with them, as being a massive boon to its business. Plus, according to co-founder and chief executive Jennifer Hyman, Rent the Runway is reaping the benefits of consumers seeking value and stability during times of … Read more
A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and … Read more
Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock tumbled 5.5% in the premarket after issuing a weaker-than-expected forecast for the fiscal year ending in May. Conagra’s results are being hit by higher transportation and raw materials costs. Levi Strauss (LEVI) – Levi Strauss beat estimates by 4 … Read more
Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping habits, even as they worry about growing economic uncertainty, according to a new survey. Athletic apparel brands such as Lululemon and Nike that combine comfort and fashion are winning out … Read more