Markets
Stocks making the biggest moves midday: Robinhood, EPAM Systems, Kroger and more
Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business. Kroger Check out the companies making headlines in midday trading Friday. Robinhood — Shares of the trading app dropped nearly 7% after Goldman Sachs downgraded the stock to sell from neutral. The Wall Street firm cited softening […]
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These companies set to report next week typically beat earnings estimates and trade higher
The corporate earnings season kicks off next week, and some of the companies slated to report have a history of beating estimates. Source
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Big banks’ earnings and a hot inflation report could sway markets in short holiday week
A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures lose steam as 10-year Treasury yield hits a three-year high Traders on the floor of the NYSE, April 7, 2022. Source: NYSE Wall Street was set for a mixed open Friday. U.S. stock futures lost […]
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Stocks making the biggest moves premarket: Biogen, Spirit, Robinhood and more
Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen fell 1% in premarket trading after the government announced that Medicare will limit coverage for Aduhelm, Biogen’s Alzheimer’s disease treatment. Coverage will only be provided for patients enrolled in clinical trials. Spirit Airlines (SAVE) – Spirit said it will begin talks with […]
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HP downgraded by UBS on valuation following pop from Buffett buy
UBS on Thursday downgraded shares of PC maker HP, weakening consumer demand for the company’s products and high valuation following a run higher. Source
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Sell Robinhood shares as user growth weakens, Goldman says
Goldman Sachs on Friday downgraded shares of mobile brokerage Robinhood, citing bleak user engagement and growth. Source
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Asia-Pacific markets gain after Wall Street recovery
SINGAPORE — Shares in Asia-Pacific rose on Friday after a comeback on Wall Street as investors continued to digest the Fed’s plans to fight inflation. The Nikkei 225 gained 0.45% in early trade, while the Topix advanced 0.19%. Australia’s S&P/ASX 200 rose 0.35%. In South Korea, the Kospi climbed 0.38% and the Kosdaq added 0.70%. […]
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Cramer’s lightning round: I can’t recommend UiPath
ACM Research Inc: “It’s got a very cool technology. … I’m not going to bless it, but I’m not going to tell you to sell it.” UiPath Inc: “This is a great company and a bad stock, what can I say? We’re not recommending stocks that have gigantic losses anymore. We just can’t.” Hertz Global […]
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Wild inflation will hurt all financial assets, market researcher Jim Bianco warns
There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast Money” […]
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