Markets
Bank of America double upgrades Hexcel, says company has upside as commercial travel recovers
Analysts were ‘positively surprised’ to see continued top-line growth from the company. Source
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise ahead of Fed decision, after weaker ADP data Traders on the floor of the NYSE, May 3, 2022. Source: NYSE U.S. stock futures pointed to a higher open Wednesday ahead of the […]
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Stocks making the biggest moves premarket: Uber, Brinker, Generac and more
Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow. Brinker International (EAT) – The parent of Chili’s and other restaurant […]
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Yum Brands earnings miss estimates as China weighs on KFC, Pizza Hut sales
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as lockdowns in China weighed on sales. Here’s what the company […]
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Morgan Stanley downgrades Carvana, cuts price target by 70% as car seller faces serious challenges
The auto company accelerated growth “at precisely the wrong time,” said analysts. Source
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Evercore ISI upgrades Starbucks after earnings, says outlook looks less scary now
Investors have reason to be “less fearful” of Starbucks’ outlook following the release of the company’s latest quarterly report, according to Evercore ISI. Source
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This fertilizer stock looks cheap after tumble, JPMorgan says
The branded lawn and garden products company is a leader with roughly half of the domestic market share. Source
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‘Risky’ fourth straight rate hike expected from Bank of England as inflation soars
LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rates for a fourth consecutive meeting on Thursday, but faces a touch balancing act between supporting growth and curbing inflation. Dan […]
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Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a fundamental change in economic and market risks. So, investors may want to resist going all in. “We are going to get an oversold bounce. Sentiment […]
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Australia stocks set for higher start as investors look ahead to Fed rate decision
SINGAPORE — Shares in Australia looked set for a higher start on Wednesday, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Futures pointed to a higher open for Australian stocks. The SPI futures contract was at 7,328, against the S&P/ASX 200’s last close at 7,316.20. Markets in Japan […]
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