Teladoc Health Inc
Goldman Sachs downgrades Teladoc, slashes price target by nearly 35%, citing weak outlook
Goldman Sachs downgraded Teladoc Health and slashed its price target by nearly 35% after the telemedicine company issued a weak forecast. Teladoc shares plunged 21% in premarket trading on Thursday. On Wednesday, the company lowered its third-quarter forecast , citing challenges around consumer sentiment, currency headwinds and wage inflation for the weaker outlook. “While TDOC […]
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Stocks making the biggest moves in the premarket: Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier […]
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Stocks making the biggest moves after hours: Meta Platforms, Ford, Qualcomm, Teladoc and more
Check out the companies making headlines after the bell: Meta Platforms — Shares of the social media company dipped 3% in extended trading after missing second-quarter estimates on the top and bottom lines. Meta Platforms posted its second back-to-back decline in year-over-year sales and shared disappointing guidance amid a weakening ad environment. Ford Motor — […]
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Amazon’s deals don’t instill the same fear in rivals as before
June 16, 2017. It’s likely a day many retailers can recall vividly. A sleepy Friday morning was disrupted by the surprising announcement that e-commerce giant Amazon was going to buy organic grocer Whole Foods. The upheaval was immediate. Not only did the news send shares of grocer Kroger into a tailspin, a broad swath of […]
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ARK Invest’s Cathie Wood says the U.S. is already in a recession
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated […]
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Cathie Wood says market is pretty close to a bottom, tech stocks will hit trough and recover first
Ark Invest’s Cathie Wood said Tuesday technology stocks will hit the bottom before the broader market, repeating a historical trend from past crises. In the wakes of the dot-com bubble and 2008 financial crisis, the tech-heavy Nasdaq Composite hit its trough months before the S & P 500 did and therefore recovered first. The innovation-focused […]
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Apple may have to slide a lot further before the market sell-off stops, trader says
Investors looking for an end to the ferocious selling of 2022 should watch Apple, which may have to tumble a good deal further yet before a market bottom is put in, according to trader Danielle Shay. The tech bellwether already is down 20% this year after a 5% drop Wednesday sent the stock into a […]
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Cathie Wood says economic indicators ‘will start screaming’ at the Fed as it hikes rates
Ark Invest’s Cathie Wood said Tuesday the U.S. economy will start deteriorating as the Federal Reserve’s aggressive tightening goes on. Source
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Best trades on CNBC Friday: Cathie Wood doubles down on Teladoc, pros debate Apple and Amazon earnings
A recap of Friday’s best stock picks on CNBC. Source
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Cathie Wood compares Teladoc to Amazon, says market has it wrong after 40% plunge
Ark Invest’s Cathie Wood continues to bet on Teladoc even as its stock plummets. Source
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