Business
Gun industry faces a new wave of lawsuits that could reshape how firearms are sold
People lay flowers and cards near a spot where a mass shooting took place during the 4th of July parade in Highland Park, Illinois on July 6, 2022. Jacek Boczarski | Anadolu Agency | Getty Images The survivors and families of victims of recent mass shootings in Texas and Illinois are taking on gun companies […]
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A $150 million beach home for sale would be the Hamptons’ priciest ever — if it can find a buyer
An oceanfront estate in Southampton, listed at $150 million, stands as the priciest home for sale in the Hamptons — and is struggling to move off the market. The compound, called La Dune, is likely to be used as a summer home and draws from a tiny pool of buyers, probably billionaires, who could afford […]
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This offshore drilling stock can surge nearly 70% to fill looming oil supply gap, Barclays says
It’s time to buy Transocean ahead of massive growth for the offshore drilling company, according to Barclays. Analyst J. David Anderson double upgraded shares of Transocean to overweight from underweight, saying that the stock will benefit from the revival of offshore drilling as an investable theme. “As the longest of the three primary upstream spending […]
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Verizon looks attractive after years of underperformance, Oppenheimer says in upgrade
Oppenheimer thinks Verizon finally looks attractive after years of underperformance, noting the stock could surge more than 25% from here. Analyst Timothy Horan upgraded Verizon to outperform from perform. The analyst also slapped a price target of $50 on the stock. Verizon shares rose 1.5% in the premarket. “The catalyst is what we anticipate will […]
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Stocks earning the major moves premarket: Peloton, Shell, Compass and extra
In this post PINS CAG PTON COMP TWTR SHEL-GB Abide by your favorite sharesGenerate Free ACCOUNT observe now Movie1:2401:24 News Update – Pre-Markets News Briefing Check out the providers building headlines ahead of the bell: Conagra (CAG) – The food stuff producer’s stock extra 2% in the premarket after it documented improved-than-expected quarterly financial gain […]
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Peloton CEO says company has 6 months to show whether its growth plans can pay off
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton has six months to show that its latest growth initiatives can help it survive as a standalone company, CEO Barry McCarthy said, according to a report from The […]
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Take-Two Interactive can surge 40% as video game maker clears near-term hurdles, Goldman Sachs says
Take-Two Interactive Software could be a big winner going forward as it overcomes some near-term challenges pressuring the video game industry, according to Goldman Sachs. Analyst Eric Sheridan upgraded shares of Take-Two Interactive Software to buy from neutral, saying the stocks recent drop could represent a buying opportunity for investors. “While the gaming industry continues […]
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Rivian needs to sharply ramp up EV production to meet 2022 targets — Wall Street is betting it can
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | Getty Images Electric vehicle startup […]
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Pinterest can surge 25% as user engagement and monetization improve, Goldman says in upgrade
Shares of Pinterest can jump 25% from here as the social media company improves user growth and monetization on its platform, according to Goldman Sachs. Analyst Eric Sheridan upgraded shares of Pinterest to buy from neutral, saying he came away from a recent meeting with senior Pinterest management with increased confidence. Sheridan also hiked his […]
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Europe’s gas storage is almost full for winter. But the IEA fears next year may be very difficult
A German gas storage facility photographed in September 2022. European countries are attempting to wean themselves off Russian gas following the Kremlin’s invasion of Ukraine. Krisztian Bocsi | Bloomberg | Getty Images The executive director of the International Energy Agency on Wednesday said that while Europe’s gas storage for this winter was nearly full, the […]
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