Business
Barclays downgrades Williams-Sonoma and RH, warns of a weak housing cycle ahead
A weak housing cycle will hurt home furnishing retailers Williams-Sonoma and RH , according to Barclays. Analyst Adrienne Yih downgraded both stocks to equal weight from overweight. She also slashed her price targets on Williams-Sonoma and RH. “We are downgrading both WSM and RH on a weakening housing cycle that we believe will have a […]
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Bob Iger is back. He’s the steady hand that Disney needs as CEO to get it back on track
Bob Chapek is out as chief executive of Disney (DIS), the company said late Sunday, a leadership shakeup that nearly two weeks ago we began to champion as necessary to get the entertainment giant back on track. We’re pleased to see Bob Iger is returning to the CEO role nearly three years after he vacated […]
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This self-driving car technology stock can jump more than 25%, Goldman Sachs says
Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst’s 12-month price target of $36 implies […]
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‘This is such an obvious opportunity’: New Goodwill store goes live online with a Picasso print, designer handbags and other treasures
Whether consumers are looking to save or are hunting for a buried treasure, the resale business is booming. During the Covid pandemic, secondhand stores such as eBay, the RealReal and ThredUp thrived online. related investing news Holiday shoppers aren’t in a rush. What that means for retail stocks So-called recommerce grew nearly 15% in 2021 — […]
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Goldman Sachs upgrades this new shoe stock, predicts 65% upside as more on Wall Street get on board
Shares of On Holding can surge more than 65% as more people on Wall Street get on board with the Swiss footwear sneaker company, according to Goldman Sachs. Analyst Richard Edwards upgraded shares to buy from neutral, but lowered his target price, saying investors can expect “rapid growth” from the footwear company on the strength […]
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5 things to know before the stock market opens Monday
Heritage turkeys make rapid gurgling sound at Elmwood Stock Farm ahead of the Thanksgiving holiday in Georgetown, Kentucky, November 16, 2021. Amira Karaoud | Reuters Here are the most important news items that investors need to start their trading day: 1. Time to talk turkey Happy Thanksgiving Week. We may have a shortened trading schedule, […]
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Disney shares rise after Iger replaces Chapek as CEO
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Shares of Disney popped in premarket trade Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney stock rose about 9% on Monday morning. As of Friday’s close, the company’s shares had […]
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Bank stock Comerica can jump more than 20% from current levels, Raymond James says in upgrade
It may be time to buy Comerica after its recent stock underperformance, according to Raymond James. Analyst Michael Rose upgraded shares to outperform from market perform. The analyst also has a price target of $85 per share on the financial services stock, which represents upside of roughly 21.6% from Friday’s close of $69.90 “We are […]
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Bob Iger’s stunning return as Disney CEO throws all of Bob Chapek’s major decisions into question
Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Mike Blake | Reuters Bob Iger’s shocking return as Disney‘s chief executive officer immediately throws into question several major decisions made by outgoing CEO Bob Chapek. Disney shares have fallen more than 40% this year, including slumping […]
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Is Patagonia the end game for profits in a world of climate change?
A Patagonia store signage is seen on Greene Street on September 14, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images Many brands are aligning profits with purpose, but Patagonia’s decision in September to convert its for-profit business to one under which all the profits flow through to fighting […]
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