Wall Street
Evercore ISI upgrades Zillow Group, says real estate stock could jump 40% on a ‘rapid recovery’ in the housing market
Zillow Group shares could jump more than 40% from here, according to Evercore ISI. Analyst Mark Mahaney upgraded shares to outperform from in line, and nearly doubled his price target, saying investors should buy Zillow ahead of what could be a “rapid recovery” in the housing market. “We are in significant part making a macro […]
Read More
Morgan Stanley downgrades XPO, says logistics company is a ‘show me story’ after latest quarter
It’s time for investors to move to the sidelines on XPO , according to Morgan Stanley. Analyst Ravi Shanker downgraded shares to equal weight from overweight following what he considered a lackluster quarter for the less-than-truckload (LTL) shipping company. LTL refers to the transportation of smaller freights that often don’t require the use of an […]
Read More
These are the most overbought and oversold stocks on Wall Street right now
For traders, one widely-used metric can help participants separate the most overbought, and oversold, stocks on Wall Street right now. The “relative strength index” measures the speed and magnitude of recent price moves , letting investors gauge possible overbought and oversold conditions in the market. A stock that has a 14-day RSI greater than 70 […]
Read More
Stifel upgrades VF Corp after dividend cut, says apparel stock is at an attractive entry point
It’s time to consider shares of VF Corp . after its recent dividend cut, according to Stifel. Analyst Jim Duffy upgraded VF Corp. shares to buy from hold, saying the stock looks compelling after investors sold it in the wake of a dividend cut. The company behind Vans and The North Face has grown its […]
Read More
Morgan Stanley downgrades Affirm, says the payment firm’s offerings are too narrow for its ambitions
It’s time to step to the sidelines on Affirm following its disappointing earnings results this week, according to Morgan Stanley. Analyst James Faucette downgraded the online payments stock to equal weight from overweight, saying the scope of Affirm’s offerings are too narrow. He also slashed his price target to $15 per share from $46. The […]
Read More
Biotech stocks that could surge more than 35% include one name targeting treatments for schizophrenia
With new drug launches and product approvals on the horizon, some biotechnology stocks could finally be due for a breakout, market participants say. Biotech investors could use a break. The iShares Biotechnology ETF is up more than 1% this year, far below the 7% gain made in the S & P 500. The biotech ETF […]
Read More
Credit history Suisse posts significant annual decline as ‘radical’ restructure will get underway
The emblem of Swiss lender Credit history Suisse is viewed at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit score Suisse on Thursday noted a fourth-quarter web decline of 1.4 billion Swiss francs ($1.51 billion), as it proceeds with its huge strategic overhaul. The quarterly consequence was even worse than […]
Read More
With Bob Iger back at Disney, ‘you don’t need Nelson Peltz,’ says ‘Fast Money’ trader Steve Grasso
Walt Disney CEO Bob Iger wasted no time announcing a major restructuring, as well as thousands of layoffs, in his first earnings since returning to the media conglomerate. That showed activist investor Nelson Peltz may not be needed at Disney, said Steve Grasso, CEO of Grasso Global on CNBC’s ” Fast Money ” Wednesday evening. […]
Read More
Electric vehicle stocks roar again to life in 2023 — Wall Street’s most loved performs from listed here
Points are hunting up for electric-car stocks this 12 months. In addition to Tesla ‘s comeback following a dismal 2022, shares names these kinds of as ChargePoint Holdings and Rivian Automotive have also rebounded. The iShares Self-Driving EV and Tech ETF , which missing almost 38% past yr, is up 23% so much in 2023. […]
Read More