Month: June 2022
We’re changing our price targets on 8 stocks in the portfolio
The moves reflect recent earnings reports, comments from company executives, and general market multiple compression. Source
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Novavax Covid vaccine clears key step on path to FDA authorization after committee endorses the shot
Novavax’s two-dose dose Covid-19 vaccine for adults ages 18 and older cleared a key step on the path toward Food and Drug Administration authorization on Tuesday. The FDA’s committee of independent vaccine experts voted 21 to 0 with one abstention to recommend authorization of the shot for use in the U.S. after an all-day public […]
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Target and Microsoft may be just the beginning of a worrisome earnings trend
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 […]
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Fed GDP tracker shows the economy could be on the brink of a recession
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022. Tom Williams | CQ-roll Call, Inc. | Getty Images A widely followed Federal Reserve gauge is indicating that the U.S. economy could be headed for […]
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These tech stocks could be ‘ports in the storm’ during bear market, Deutsche Bank says
This year’s tech wreck has sent the Nasdaq Composite spiraling down into a bear market, with the benchmark down more than 25% from its November record. However, there are some internet companies that could do over the next year thanks to their share repurchases, according to Deutsche Bank. The firm looked at 28 companies in […]
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Elon Musk’s Twitter deal threats put new financing on ice, sources say
Elon Musk’s Tweet displayed on a screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 14, 2022. Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of […]
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Watch live: Actor Matthew McConaughey joins White House press briefing on guns
[The stream is slated to start at 1:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] Actor and gun-policy advocate Matthew McConaughey will join White House press secretary Karine Jean-Pierre on Tuesday for the Biden administration’s daily press briefing. His White-House appearance comes a day after […]
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$325 million yacht seized from Russian oligarch Suleiman Kerimov sails to U.S. after Fiji court ruling
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Osman Uras| Anadolu Agency | Getty Images A $325 million superyacht that […]
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Stocks making the biggest moves midday: Target, Kohl’s, Peloton and more
FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Target — Shares of the retailer fell more than 4% after the company said it will take a short-term hit to profits as […]
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Apple is turning your iPhone into fintech service taking on PayPal, Affirm and more
Apple Pay Later Courtesy: Apple Inc. Apple is turning into a fintech company. The company announced several new features for the iPhone’s Wallet app at its developers conference Monday that directly compete with products from other fintech companies like Affirm and PayPal. The big one: a buy now, pay later service called Apple Pay Later. […]
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