Wall Street
Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
For investors seeking ways to play this year’s stock market comeback, looking at cheap, volatile names might lead to big gains. Stocks are off to a stronger start than many investors expected heading into 2023. Not only is the S & P 500 more than 6% higher this year, the Nasdaq Composite has gained more […]
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Goldman Sachs downgrades Tyson Foods, says poultry stock’s trajectory is uncertain after latest earnings
Goldman Sachs’ enthusiasm on Tyson Foods has cooled. Analyst Adam Samuelson downgraded the food producer to neutral from buy after Tyson’s latest quarterly report showed significant underperformance across the company — particularly its chicken segment. The company reported earnings per share of 85 cents for its first fiscal quarter, falling far below a StreetAccount consensus estimate […]
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Credit Suisse upgrades Lockheed Martin, says earnings growth is poised to accelerate
Lockheed Martin can return to growth this year as the outlook for the defense sector strengthens, providing a “meaningful” opportunity for earnings to surprise to the upside, according to Credit Suisse. Analyst Scott Deuschle upgraded the arms company to outperform from underperform. Deuschle also raised his target price to $510 from $427, which implies shares […]
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Goldman Sachs likes Pinterest even after Q4 revenue miss, says long-term catalysts still in place
Pinterest is still on track for gains despite posting mixed fourth-quarter results, according to Goldman Sachs . Analyst Eric Sheridan reiterated his buy rating on Pinterest after its earnings announcement on Monday. He noted that while Pinterest’s overall reported monthly active users missed estimates, it still managed to reach its highest level of engagement. The […]
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Shares producing the major moves following hrs: Pinterest, Chegg, Acquire-Two Interactive and a lot more
In this posting PINS ZI TTWO Save CHGG Comply with your favored sharesGenerate No cost ACCOUNT Andrew Harrer | Bloomberg | Getty Images Check out out the corporations creating headlines soon after the bell: Pinterest — The social media stock drop extra than 7% soon after earnings for the new quarter fell quick of analysts’ […]
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Investor Sarat Sethi said he is buying into this ‘unloved’ pharma stock
It’s time for investors to get back into British pharmaceutical company GSK , according to investor Sarat Sethi. He has been adding to the stock that was known as GlaxoSmithKline since buying it a couple months ago, Sethi told the panel on CNBC’s ” Halftime Report ” on Monday. “Glaxo’s pipeline of vaccines is huge. […]
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Raymond James downgrades PayPal, cites concern over potential market share decline
Raymond James is bearish on PayPal despite its strong start in 2023. Analyst John Davis downgraded PayPal shares to market perform from outperform, saying that he expects PayPal’s market share losses to continue. “Simply put, while most investors expect initial 2023 revenue growth guidance to come in below the Street (buyside 5-7% vs Street +9%, […]
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Here’s where the jobs are for January 2023 — in a single chart
The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment. That one service sector saw an increase of 128,000 jobs in the month, led by 99,000 positions at restaurants and bars alone, the Bureau of Labor Statistics said in a report released Friday. Employment at hotels continued to […]
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