Stock markets
Piper Sandler sees much more pain ahead, stocks not bottoming until 2023
The worst of the sell-off is still to come, according to Piper Sandler. Source
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Stocks making the biggest moves midday: Roblox, Electronic Arts, Coinbase, RealReal and more
An attendee tries out a Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Unity Software — The stock plunged more than 33% after the video game software company […]
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Roblox pops 10% after initial earnings dip
A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox were up 10% on Wednesday morning, marking a stark turnaround from an initial 10% plunge Tuesday […]
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Deutsche says this discount grocer can rally nearly 29% as shoppers go bargain hunting
Grocery Outlet historically has a tendency to outperform during challenging financial periods, analysts say. Source
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Stocks making the biggest moves premarket: Wendy’s, Krispy Kreme, Perrigo and more
Check out the companies making headlines before the bell: Wendy’s (WEN) –Wendy’s reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slid 3.4% in premarket […]
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MoffettNathanson upgrades EA, says video game giant is set up to weather market volatility
Video game giant Electronic Arts could be a stable place to hide for investors troubled by rising interest rates, according to MoffettNathanson. Source
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Stifel downgrades Carvana as slowing demand for used cars erodes conviction in the auto seller
Several signs including a planned workforce reduction implies “weaker demand will persist beyond the near-term,” analysts said. Source
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Peloton is a ‘best in class’ fitness stock that can go up 93% from here, JMP says
The risk-reward profile for the fitness equipment maker appears “favorable” after its recent earnings disappointment, JMP analysts say. Source
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Shanghai’s big automakers saw production plunge by 75% in April after lockdowns began
Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t mean the factories can operate at full capacity. Tian Yuhao | China News Service | Getty Images BEIJING — Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in the metropolis of […]
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China’s consumer prices hit a six-month high as Covid prompts locals to stock up on food
Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | Afp | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in […]
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