Tesla, Apple, Snowflake, Ross, Pinterest

Here are Tuesday’s biggest analyst calls biggest calls on Wall Street: BTIG downgrades Snowflake to neutral from buy BTIG downgraded the stock after its field checks indicated slowing growth and rising competition for the cloud company. “We are downgrading SNOW to a Neutral rating from Buy. In short, our most recent field checks are downticked, … Read more

William Blair says buy Wayfair as furniture company can weather a housing market slowdown

Wayfair is well positioned to weather any hits to the housing market, according to William Blair. Analyst Phillip Blee resumed coverage of Wayfair with an outperform rating ahead of the furniture company’s second-quarter earnings this week, saying the retailer will do better than its competitors. “Given the increasingly uncertain macro environment and broader slowdown in … Read more

U.S. job market divide boosts some workers’ prospects, puts others on notice

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more

These stocks are down more than 25% this year, but insiders are buying more

The stock market has not been able to stop its recent slide, but corporate insiders are starting to get more active, and that could be a good sign for outside investors. Insider stock purchases is a metric that many professional investors use to evaluate a company. If an insider is buying up the stock, the … Read more

The great American consumer is navigating inflation and just may save the economy from a recession

Consumers stashed money away during the pandemic, but declining spending power is testing their confidence.

Wall Street just had one of its wildest weeks in years. What happened and what could come next

Last week’s market swings pushed the major averages below key levels, made macro calls outdated within a few hours and rattled some of most resilient stocks.

E-commerce stocks plummet as consumers pull back online spending

The Etsy website Gabby Jones | Bloomberg | Getty Images Shoppers are eager to head back to brick-and-mortar stores, while inflation is stoking fears that consumers are pulling back their spending on some items to still afford the essentials. That combination spells bad news for many e-commerce focused retailers, and their stocks tumbled amid a … Read more

Wayfair (W) reports Q1 2022 losses

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled in premarket trading Thursday after the online furniture retailer reported larger-than-expected losses in the first quarter as shoppers scaled back their spending on the home category. Wayfair also announced that its chief financial officer, Michael Fleisher, is set to retire early next year. Kate … Read more