Breaking News: Investing
Enjoy JPMorgan Chase CEO Jamie Dimon and 6 other financial institution leaders get grilled by Congress
Critical Points The CEOs of the greatest U.S. retail banking companies, like JPMorgan Chase’s Jamie Dimon and Wells Fargo’s Charlie Scharf, are set to testify just before the Democrat-led Residence Money Expert services Committee. The hearing is referred to as “Keeping Megabanks Accountable: Oversight of America’s Biggest Consumer Facing Financial institutions” will start 10 a.m. […]
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Barclays downgrades Nike heading into earnings next week, cites slew of challenges for apparel maker
Steer clear of Nike heading into the company’s earnings release next week, Barclays advised. Analyst Adrienne Yih downgraded shares to equal weight from overweight, saying the sports apparel retailer could report “potential low-quality” earnings results next week as it continues to deal with inventory issues. “We downgrade shares of NKE to Equal Weight based on: […]
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KeyBanc says buy Diamondback Energy, which can rally 25% as U.S. struggles to meet oil demand
Investors should buy Diamondback Energy, a top Permian Basin oil producer, as the U.S. struggles to meet demand, according to KeyBanc. Analyst Tim Rezvan initiated coverage of Diamondback Energy with an overweight rating. He also slapped a $163 per share price target on the stock, implying upside of roughly 25% from Monday’s close. “Fears of […]
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Deutsche Bank downgrades data storage company Western Digital, cites softening demand
It’s time to move to the sidelines on Western Digital , according to Deutsche Bank. Analyst Sidney Ho downgraded shares to hold from buy, citing weak demand ahead. The analyst also lowered her price target on the stock to $40 from $56. The new target implies upside of roughly 9% from Monday’s close. “We believe […]
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Homebuilding sector historically outperforms following early declines, KeyBanc says in upgrade to overweight
It’s time to buy D.R. Horton, Lennar and other homebuilders as the housing market is due for a comeback, according to KeyBanc Capital Markets. Analyst Kenneth Zener double upgraded the homebuilding sector to overweight from underweight, saying history points to higher prices after declines this year, which came amid slowing demand and rising mortgage rates. […]
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Bitcoin drops 5% to its lowest level in 3 months as chance belongings keep on to get crushed
In this write-up ETH.CM= BTC.CM= Ether has hugely outperformed bitcoin considering the fact that both of those cryptocurrencies formed a base in June 2022. Ether’s exceptional gains have come as traders anticipate a key upgrade to the ethereum blockchain known as “the merge.” Yuriko Nakao | Getty Photos Bitcoin fell to its most affordable stage […]
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Oppenheimer upgrades Netflix, says new ad tier can boost growth
Netflix ‘s new ad-supported subscriber can give the stock a much-needed boost, according to Oppenheimer. Analyst Jason Helfstein assumed coverage of Netflix and upgraded the stock to outperform, saying that the results of its recent consumer survey suggested further growth in the streaming giant when it launches its advertising tier. “Ad-tier launch should accelerate subscriber […]
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Morgan Stanley downgrades payments company NCR, says investors need clarity after split announcement
Investors should stay on the sidelines for now when it comes to payments company NCR , according to Morgan Stanley. Analyst Erik Woodring downgraded NCR to equal weight from overweight, saying the path to unlocking shareholder value is “less clear and longer tailed” after the company said it would split its business in two parts: […]
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Piper Sandler upgrades Array Technologies, says solar stock can surge on improved forward outlook
Solar stock Array Technologies has outperformed this year, and Piper Sandler thinks there’s even more upside to come. Analyst Kashy Harrison upgraded Array Technologies to overweight from neutral, saying an improved forward outlook has the firm bullish on the manufacturer of solar tracking systems. “We are upgrading ARRY to Overweight from Neutral as we: i) […]
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Wells Fargo downgrades Adobe as $20 billion Figma acquisition raises questions
Wells Fargo on Monday became the latest firm to downgrade Adobe after its recent acquisition of Figma. Analyst Michael Turrin downgraded the stock to equal weight from overweight, saying investors should sit on the sidelines as Adobe’s $20 billion purchase of Figma raises questions. Adobe shares plunged 24% last week after the software company announced […]
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