Snowflake Inc.
Stock futures are flat adhering to the S&P 500’s third straight getting rid of working day
Inventory futures were flat in right away buying and selling Tuesday as buyers await much more steerage from Federal Reserve Chairman Jerome Powell on the central bank’s tightening path. Futures on the Dow Jones Industrial Typical dipped just 15 points. S&P 500 futures and Nasdaq 100 futures ended up both equally minimal adjusted. Both of those the […]
Read More
Cramer’s game plan: This week is all about Powell, but don’t overlook any great earnings reports
Wall Street is collectively bracing for Federal Reserve Chair Jerome Powell’s speech later this week, CNBC’s Jim Cramer said Monday after the major U.S. stock indexes tumbled. Powell’s address — set for 10 a.m. ET Friday as part of the Fed’s annual Jackson Hole symposium — is by far the biggest event on the calendar, […]
Read More
Stocks making the biggest moves midday: Walmart, Bed Bath & Beyond, Zoom, Ally and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart, Home Depot — The retailers’ shares rose about 5% each after both companies reported better-than-expected earnings for the most recent quarter. That lifted other retail […]
Read More
BTIG downgrades Snowflake, says growth could slow at cloud data company
Snowflake ‘s growth could be losing steam, according to BTIG. Analyst Gray Powell downgraded Snowflake to neutral from buy and lowered estimates, citing softening sentiment around the cloud computing company after speaking with its clients. “”In our recent fieldwork, we heard concerns on the potential for growth to slow in a weakening environment, and we […]
Read More
Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
Read More
Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) […]
Read More
Jefferies sees ‘attractive entry point’ for Snowflake, upgrades shares and predicts 35% upside
Shares of Snowflake are a ‘high quality growth’ story for investors with more than 30% upside from here, according to Jefferies. Analyst Brent Thill upgraded the stock to buy from hold, saying in a Tuesday note that shares are at an “attractive entry point” given its long-term targets. Snowflake’s stock price has fallen 63% off […]
Read More
Stocks making the biggest moves midday: WeWork, Snowflake, United Airlines, Rite Aid and more
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via Getty Images) VCG | Getty Images Check out the companies making headlines in midday trading […]
Read More
Stocks making the biggest moves premarket: Accenture, Darden Restaurants, FactSet and more
Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due […]
Read More
Stocks making the biggest moves premarket: Baidu, MicroStrategy, Moderna and more
Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%. MicroStrategy (MSTR) – MicroStrategy lost 2.2% in the premarket as […]
Read More