Wall Street
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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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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Stock futures dip slightly ahead of key inflation reading
Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 35 points, or 0.1%. S&P 500 futures eased 0.1% and Nasdaq 100 futures ticked down 0.1%. The moves come after the Dow fell for a fourth consecutive day Tuesday in a volatile trading […]
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Stocks making the biggest moves after hours: Coinbase, Roblox, Electronic Arts and more
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Check out the companies making headlines after the bell: Coinbase — Shares sunk 11.5% in extended trading after Coinbase reported first-quarter […]
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Signs of retail traders capitulating in this sell-off are emerging, but it’s still early innings, BofA says
Retail traders are starting to buckle under the selling pressure in this market, according to Bank of America. Source
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A.I. lender Upstart shares plummet more than 60% after company cuts full-year revenue forecast
In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had reported better-than-expected first-quarter results […]
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Stocks making the biggest moves in the premarket: Peloton, Novavax, Vroom and more
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand. Novavax (NVAX) – Novavax sank 23% in premarket trading after the vaccine maker […]
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The S&P 500 is dropping again, but chart analysts don’t see signs of a bottom yet
Technical indicators show that the market could have significant downside left. Source
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