Stock markets
Robinhood adds four additional hours to extended trading for clients
Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq As some Robinhood clients head back to the office following the pandemic, the stock trading app — which has experienced a slowdown in volume this year — is now offering extra hours in the […]
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Fortinet shares could gain 17% from here as cyber threats mount, Barclays says
Fortinet could strong gains from here, as cyber attacks continue to rise around the world, according to Barclays. Source
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Morgan Stanley downgrades NortonLifeLock, sees ‘limited catalysts’ for the cybersecurity company
A regulatory probe into its deal with Avast, and higher inflation costs, add pressure to the cybersecurity stock. Source
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Deutsche Bank downgrades CVS as near- and medium-term risks mount
A recent crackdown on low-cost drug program 340B, and stiff competition for a lucrative drug contract from Centene, weighs on the stock. Source
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China’s factories were hit harder this quarter than last year as Covid drags on, survey says
China’s bicycle exports for the first two months of 2022 fell by 16% from a year ago, after growing by 14.9% for all of 2021, according to customs data. Song Wei | Visual China Group | Getty Images BEIJING — Manufacturing, one of the main drivers of China’s growth since the pandemic began, saw slower […]
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Morgan Stanley downgrades Pinterest, calls user engagement numbers ‘troubling’
Critically, U.S. time spent per user has tumbled to 2017 levels at the social media platform. Source
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Domino’s Pizza China operator files for Hong Kong listing
DPC Dash said in a filing it is Domino’s Pizza’s “exclusive master franchisee” in mainland China, Hong Kong and Macao, with 485 directly operated stores in 10 cities on the mainland — mostly in Beijing and Shanghai. Sopa Images | Lightrocket | Getty Images BEIJING — The operator of Domino’s Pizza stores in China, DPC […]
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Eurazeo’s Adrianne Shapira says consumers are strong and have ‘shrugged off a lot’
France-based investment firm Eurazeo sees consumers spending healthily as geopolitical turmoil and inflation roil the economy, managing director Adrianne Shapira told CNBC’s Jim Cramer on Monday. “So far, the consumer is strong. I mean, we really have seen across our portfolios, strong performance. Again, we [invest in] earlier stage growth equities, so I’d say we’ve […]
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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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Cramer’s lightning round: I like Nucor over ArcelorMittal
Enbridge Inc: “I like Enbridge. Wall Street doesn’t like it.” ArcelorMittal SA: “It’s okay. Nucor’s better. Nucor’s a better company. I’m always going to go with Nucor because it’s best in breed.” Disclosure: Cramer’s Charitable Trust owns shares of Wells Fargo and Nucor. Source
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