Breaking News: Investing
Barclays downgrades Beyond Meat, cuts price target by 69% on ‘limited visibility’ on path to recovery
Barclays slashed the price target for shares of Beyond Meat by 69%, noting “limited visibility” on the path to recovery after a “disappointing” earnings report. Analyst Benjamin M. Theurer downgraded shares of Beyond Meat to equal weight from overweight after the plant-based food company on Wednesday reported a wider-than-expected loss in its most recent quarter […]
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Piper Sandler sees much more pain ahead, stocks not bottoming until 2023
The worst of the sell-off is still to come, according to Piper Sandler. Source
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Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned. Turning […]
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Deutsche says this discount grocer can rally nearly 29% as shoppers go bargain hunting
Grocery Outlet historically has a tendency to outperform during challenging financial periods, analysts say. Source
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MoffettNathanson upgrades EA, says video game giant is set up to weather market volatility
Video game giant Electronic Arts could be a stable place to hide for investors troubled by rising interest rates, according to MoffettNathanson. Source
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Stifel downgrades Carvana as slowing demand for used cars erodes conviction in the auto seller
Several signs including a planned workforce reduction implies “weaker demand will persist beyond the near-term,” analysts said. Source
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Peloton is a ‘best in class’ fitness stock that can go up 93% from here, JMP says
The risk-reward profile for the fitness equipment maker appears “favorable” after its recent earnings disappointment, JMP analysts say. Source
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Signs of retail traders capitulating in this sell-off are emerging, but it’s still early innings, BofA says
Retail traders are starting to buckle under the selling pressure in this market, according to Bank of America. Source
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A.I. lender Upstart shares plummet more than 60% after company cuts full-year revenue forecast
In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had reported better-than-expected first-quarter results […]
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National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the […]
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