Breaking News: Investing
Morgan Stanley downgrades NortonLifeLock, sees ‘limited catalysts’ for the cybersecurity company
A regulatory probe into its deal with Avast, and higher inflation costs, add pressure to the cybersecurity stock. Source
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Deutsche Bank downgrades CVS as near- and medium-term risks mount
A recent crackdown on low-cost drug program 340B, and stiff competition for a lucrative drug contract from Centene, weighs on the stock. Source
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Morgan Stanley downgrades Pinterest, calls user engagement numbers ‘troubling’
Critically, U.S. time spent per user has tumbled to 2017 levels at the social media platform. Source
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How to trade restaurant stocks as higher gas prices hit consumers, according to Piper Sandler
History shows that dine-in restaurants, like Olive Garden’s parent Darden, outperform when oil prices surge, the firm found. Source
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Oil slides more than 8% as Shanghai lockdown prompts demand fears
Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 8% at the lows of the day on Monday as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the U.S. oil benchmark, slipped 8.25% to trade at $104.50 per barrel. International benchmark […]
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The bull case on Apple that could take it 70% higher from here, according to Evercore ISI
Some multi-billion opportunities in AR/VR, advertising and more could help the tech company hit the upside scenario. Source
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We went hunting where Bill Miller said to look for bargains and found these stocks
CNBC Pro surfaced stocks that are expected to grow earnings per share, after falling at least 40% from their 52-week highs. Source
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Bank of America downgrades NetApp, says cloud data company has limited upside from here
Analysts downgraded NetApp to neutral from buy, saying investments required for growth at the company will limit its ability to generate operating income. Source
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BlackRock’s Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization
Larry Fink, chief executive officer of BlackRock Inc., in Zurich, Switzerland, on Thursday, March 7, 2019. Stefan Wermuth | Bloomberg via Getty Images Larry Fink, the CEO and chairman of the world’s biggest asset manager BlackRock, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of […]
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Logitech is a huge buy at these levels and can go up nearly 49% from here, Bank of America says
Analysts consider the computer peripherals manufacturer “too inexpensive to ignore” after the stock tumbled nearly 13% year to date. Source
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