Breaking News: Investing
Gasoline futures are dropping, which could mean more relief at the pump
Brie Olootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images Prices at the pump have retreated from June’s never-before-seen levels but remain stubbornly high. Some relief could be […]
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Kellogg will find it difficult to pass through inflation from here, UBS says
Shares of Kellogg may come under pressure as the company finds it difficult to pass on rising prices from here, according to UBS. Analyst Cody Ross downgraded shares of Kellogg to neutral from buy, saying in a Thursday note that the food manufacturer faces “some of the highest inflationary pressure” within the firm’s coverage. “Kellogg’s […]
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Bank of America downgrades Kohl’s to underperform, sees risk to the stock with deal off the table
It’s time to sell shares of Kohl’s as consumer demand weakens from inflation, and after the retailer scrapped deal talks, according to Bank of America. Analyst Lorraine Hutchinson downgraded shares of Kohl’s to underperform from neutral, as inflationary pressures cut into sales at the department store chain, according to a Thursday note. “We are downgrading […]
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Goldman says these two tech stocks have the most to lose in a deep recession
These two household tech names could get hit the most in the event of a deep recession, according to Goldman Sachs. Shares of Apple and Hewlett Packard Enterprise are both at greatest risk in a bear case scenario, according to a Tuesday note from the investment bank. Goldman Sachs, which is currently forecasting a mild […]
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JPMorgan trims price target for Tesla, says shares could fall more than 40% on weaker deliveries
Shares of Tesla could still fall more than 40% from here as the electric vehicle maker faces challenges ramping up deliveries, according to JPMorgan. Analyst Ryan Brinkman reiterated an underweight rating and trimmed the price target for Tesla, saying in a Tuesday note that the firm lowered its second-quarter and full-year earnings estimates after the […]
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One boring stock quietly hits all-time high as bear market rages
As the bear market continues to rage on, one boring stock has quietly hit an all-time high. On Tuesday, shares of General Mills reached $76.09, a new intraday high since the food company started publicly trading in 1928. Investors have been positive on the food company, which has gained more than 10% this year while […]
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Buy shares of Crocs, which could climb 50% from here on `healthy sell through’, Loop Capital says
It’s time to buy shares of Crocs , which could climb more than 50% after its stock slump this year, according to Loop Capital. Research director Laura Champine upgraded shares of Crocs to buy from hold, saying in a Tuesday note that the stock is looking cheap after investors ditched what had been a beneficiary […]
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Oil tumbles more than 8%, breaks below $100 as recession fears mount
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas […]
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Piper Sandler cuts Netflix price target, says ‘Stranger Things’ to provide only short-term relief
Netflix is still a “business in transition” story for investors to monitor and not buy yet, even with shares down more than 70% from their highs, according to Piper Sandler. Analyst Thomas Champion reiterated a neutral rating on Netflix and cut his price target by 28%. In a Tuesday note, the analyst said stiffer competition, […]
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Evercore ISI downgrades HP, lowers earnings estimates on tough PC market later this year
Shares of HP could see “downside bias” as the company deals with a tougher market for PCs later this year, according to Evercore ISI. Analyst Amit Daryanani downgraded shares of HP to in line from outperform, saying in a Monday note that earnings for the company, which is favored by Warren Buffett’s Berkshire Hathaway, could […]
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