Business
Oppenheimer downgrades Carvana as risks mount for the used car platform
Oppenheimer has grown increasingly concerned about Carvana ‘s near-term prospects despite seeing clear long-term potential. Analyst Brian Nagel downgraded the used car platform to perform from outperform. It also removed a price target of $100, which would have implied an upside of 926.7% from where the battered stock closed Monday. Carvana has lost 95.8% since […]
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5 things to know before the stock market opens Tuesday
Lael Brainard, vice chair of the US Federal Reserve, listens to a question during an interview in Washington, DC, US, on Monday, Nov. 14, 2022. Andrew Harrer | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Fed speak in the spotlight Stocks fell […]
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Bank of America double upgrades Netflix to buy, says ad subscriber tier can drive 23% upside
Netflix’s monetization efforts make it an attractive stock despite slowing subscriber growth, Bank of America said Tuesday. Analyst Jessica Reif Ehrlich took over coverage of the stock and double upgraded it to buy from underperform. Ehrlich also has a price target of $370 on Netflix, implying upside of 23.6% from Monday’s close. “In our view, […]
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Home Depot posts better-than-expected quarter despite inflation
A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot reported Tuesday its revenue increased nearly 6% to $38.9 billion, beating analyst expectations, as the retailer continued to beckon customers despite […]
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Walmart will report earnings before the bell — here’s what to expect
Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on Tuesday will report its fiscal third-quarter earnings before the bell, as the retail giant caters to inflation-squeezed customers and gears up […]
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UK property market at risk of major downturn as recession fears loom
Economists are predicting that soaring interest rates and falling prices will mark the end of the U.K.’s 13-year housing market boom, potentially leading to a house price crash. Matt Cardy | Getty Images News | Getty Images LONDON — The U.K. property market may be verging on a major downturn, with some market watchers warning […]
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Cramer’s lightning round: Plug Power must get expenses under control
Rocket Pharmaceuticals Inc: “This is a very early stage company that has a lot in the pipe. I tend to like these companies. … If you get a bunch of them, I think you’re going to be fine.” Plug Power Inc: “Plug Power’s losing a fortune. … They must get expenses under control.” Anavex Life […]
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Jim Cramer says these 6 cyclical ‘smokestack’ stocks may be worth owning
CNBC’s Jim Cramer on Monday offered investors a list of cyclical stocks that have “caught fire” recently, making them potential great additions to portfolios. “Sell the techs into any strength … because they’re right in the middle of the Federal Reserve’s blast zone. But as for the cyclical smokestack stocks? Many of them could be […]
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Jim Cramer says there’s enough pain in the market for the Fed to slow rate hikes
CNBC’s Jim Cramer on Monday said that there’s enough pain in the market for the Federal Reserve to consider easing its pace of interest rate hikes. “There’s enough turmoil that the Fed needs to slow down its rate hikes, if only to prevent the headwinds from turning into some sort of weird [Category] 5 hurricane,” […]
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Jay Leno says he’s ‘ok’ after he suffers serious burns in car fire
Jay Leno at The Library of Congress Gershwin Prize tribute concert at DAR Constitution Hall on March 04, 2020 in Washington, DC. Shannon Finney | Getty Images Jay Leno is recovering from serious burn injuries following a car fire in Los Angeles over the weekend, the 72-year-old comedian and former “Tonight Show” host announced. “I […]
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