Business
Zoom is ‘washed out’ as video conference provider pivots its business, JPMorgan says
Shares of Zoom are “washed out” as the video conferencing company undertakes a plan to transition its business, according to JPMorgan. “Our assessment is positive on Zoom’s underlying technology, continued innovation, and market position, and we are impressed by the cash-generative financial profile, though we believe these are offset by near-term growth and margin headwinds […]
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5 things to know before the stock market opens Friday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. The jobs number is in After a gangbusters two days to start the week, stocks have declined […]
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Postal workers in the UK, striking over pay and working conditions, agree crunch talks with Royal Mail bosses
LONDON – August 26, 2022: CWU general secretary Dave Ward (in grey suit jacket) visits the picket line in Whitechapel on August 26, 2022. Members of the Communication Workers Union (CWU) voted in favour of strike action by 97.6 per cent in the ballot, in the biggest strike of the summer so far. Guy Smallman/Getty […]
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Stocks making the major moves premarket: AMD, Levi Strauss, DraftKings and much more
In this short article AMD CVS DKNG AMBC CSG.N-CH Adhere to your most loved sharesMake Absolutely free ACCOUNT view now Video1:1901:19 Information Update – Pre-Marketplaces News Briefing In this article are the organizations that are producing headlines prior to the bell: Superior Micro Products (AMD) – AMD slid 5.3% in the premarket just after chopping […]
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New cars are finally back in stock — but Americans might not be able to afford them
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as supply chain bottlenecks finally start to ease. But now, an increasing number of Americans might not want them or be able to […]
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RBC downgrades Lyft, says it may be falling behind Uber
Lyft may be falling behind competitor Uber, according to RBC Capital Markets. Analyst Brad Erickson downgraded shares of Lyft to sector perform from outperform, and slashed his price target, saying the ride hailing company appears to be struggling to gain an edge. “Our U.S. driver supply analysis makes our prior bullish thesis look increasingly less […]
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KBW upgrades Goldman Sachs, sees 40% rally in the stock
Goldman Sachs is a buying opportunity that can jump 40% from here, according to Keefe, Bruyette & Woods. Analyst David Konrad upgraded shares of Goldman Sachs to outperform from market perform, saying that the the firm’s valuation based on tangible book value (TBV) looks attractive. “We are upgrading Goldman Sachs to Outperform from Market Perform […]
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Chewy is at an ‘attractive entry point’ after its stock pullback this year, Oppenheimer says
It’s time to buy Chewy at an attractive entry point, according to Oppenheimer. Analyst Rupesh Parikh initiated coverage of the online pet supplies retailer with an outperform rating. Shares of Chewy are down roughly 36% this year, underperforming the 21% decline in the S & P 500 over the same time period. “We believe the […]
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Musk Suggests PepsiCo to choose shipping and delivery of Tesla semi-electric powered vans on Dec. 1
Tesla Semi Courtesy: Tesla Tesla is starting off Semi electric powered industrial truck output and PepsiCo will get the very first deliveries on Dec. 1, the electrical automobile maker’s main Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he mentioned the Course 8 truck would go […]
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Cramer’s lightning round: GXO Logistics is a buy
Axsome Therapeutics Inc: “They’re trying to cure pain. … We know who didn’t do it well, and we’re not even going to mention it.” nCino Inc: “As much as I like nCino, I like its product, it’s losing money. So, we can’t buy it.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide […]
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