Month: April 2022
Elon Musk to join Twitter’s board of directors, teases ‘significant improvements’
Joe Raedle | Getty Images News | Getty Images Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC. Shares were up more than 5% in premarket trading. “Through conversations with Elon in recent weeks, it became clear to […]
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Wedbush downgrades Starbucks after share repurchases suspension, citing lack of catalysts
Wedbush on Tuesday downgraded shares of Starbucks, citing a lack of new developments that could push the stock higher. Source
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UBS says Meta could rally 28% from here as Instagram Reels monetization ramps up
A ramp up in user engagement data could drive shares higher for the social media platform, analysts say. Source
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GM and Honda to partner on ‘affordable’ electric vehicles
General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a […]
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Goldman upgrades Generac, bets on increased adoption of company’s clean energy products
Generac shares could get a boost as adoption for its clean energy products grows, according to Goldman Sachs. Source
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Stocks making the biggest moves in the premarket: Carvana, First Solar, Generac and more
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138 per share from $155 per share. RBC bases its call both on valuation and potential […]
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Amazon signs massive rocket deal with 3 firms, including Bezos’ Blue Origin, to launch internet satellites
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to 83 launches of its […]
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European Union to propose ban on Russian coal imports, sources say
French President Emmanuel Macron has called for the EU to ban Russian coal as part of a wave of new sanctions to further isolate the Kremlin. Frank Rumpenhorst | Picture Alliance | Getty Images LUXEMBOURG — The European Commission will propose banning Russian coal as part of a new round of sanctions against the Kremlin […]
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MKM downgrades Twitter after huge pop on Musk stake, warns user growth still an issue
Analysts expect Musk will “cast a long shadow” on the social media platform for the foreseeable future. Source
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Wells Fargo says buy these three fintech stocks, sees $1.5 trillion revenue opportunity
Now is a “highly opportune” time for investors to give these stocks a fresh look given their current valuations, Wells Fargo said. Source
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