Breaking News: Investing
Evercore ISI’s Julian Emanuel doesn’t think we’ve seen the bottom yet in the bear market
Evercore ISI’s Julian Emanuel doesn’t think we’ve seen the bottom yet in the bear market, pointing to more volatility in September. The strategist believes investors may be overly optimistic following July’s rally in which risk-on sentiment returned to Wall Street. He pointed to slowing growth, as well as troubling signs in bond yields, that could […]
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The $300 billion meme stock that makes GameStop look like child’s play
The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Think the meme stock mania is so 2021? Just take a look at AMTD Digital. The little-known Hong Kong-based fintech firm saw its shares skyrocket 126% Tuesday […]
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Bill Ackman blasts Visa, saying it has the power to pressure Pornhub to remove child pornography
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman is taking a vocal stance against Visa, saying the credit card giant has the power to pressure Pornhub to remove child pornography from its site. “My interest comes from the fact that I have four daughters,” […]
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Pinterest is a buy with new CEO and activist Elliott oversight, Susquehanna says
It’s time to buy Pinterest as investors can expect strong leadership from its new chief executive and activist involvement from Elliott Management, according to Susquehanna Financial Group. Analyst Shyam Patil upgraded Pinterest to positive from neutral, lowered estimates, and raised its price target, saying better management improves the outlook at the social media company. “While […]
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BTIG downgrades Snowflake, says growth could slow at cloud data company
Snowflake ‘s growth could be losing steam, according to BTIG. Analyst Gray Powell downgraded Snowflake to neutral from buy and lowered estimates, citing softening sentiment around the cloud computing company after speaking with its clients. “”In our recent fieldwork, we heard concerns on the potential for growth to slow in a weakening environment, and we […]
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Constellation Brands could jump nearly 20% on resilient consumer demand for beer, BMO says
Shares of Constellation Brands will get a boost as demand for beer remains strong, according to BMO. Analyst Andrew Strelzik initiated coverage of Constellation Brands with an outperform rating, saying that the parent company behind imported Mexican beer brands Modelo and Corona in the U.S. will continue to see strong demand for its products. “We […]
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Here are JPMorgan’s favorite stock picks for August
JPMorgan added three new names to its top stocks list for August, including a biotechnology company and a stainless steel manufacturer. The investment firm named Akero, Carpenter Technology and Alabama-based Regions Financial to its focus list, according to a Monday note. Analysts submit their best ideas for near term-, growth-, value- and short investment strategies. […]
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A decline in paying subscribers could hurt Bumble shares, Jefferies says in downgrade
Investors should keep an eye on the number paying subscribers for Bumble , according to Jefferies. Analyst Brent Thill downgraded shares of Bumble to hold from buy, expecting dwindling revenue growth, among other challenges, for the online dating company. “While our 3P data checks show an acceleration in Q2 rev and downloads for the Bumble […]
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Palo Alto Networks can surge 40% as it expands its next-gen security business, Wolfe Research says
Palo Alto Networks could see roughly 40% upside from here, as the network security company builds out its suite of next-generation products, according to Wolfe Research. Analyst Joshua Tilton initiated coverage on Palo Alto Networks with an outperform rating, saying investors should take a closer look at the rapidly growing next generation security (NGS) portfolio. […]
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Target is oversold and could jump nearly 20% from here, Wells Fargo says in upgrade to buy
It’s time to snap up shares of Target at a bargain as they could surge nearly 20% from current levels, according to Wells Fargo. Analyst Edward Kelly upgraded shares of Target to overweight from equal weight, saying in a Monday note that the retailer is oversold. Target tumbled 25% after its calendar first-quarter earnings report, […]
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