Wall Street
Stock futures fall slightly after Fed induced relief rally
Stock futures fell slightly after the Federal Reserve raised rates by half a point and the major averages rallied to end the day. Futures tied to the Dow Jones Industrial Average lost 46 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each fell 0.1%. In regular trading, the Dow Jones Industrial Average rose […]
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Bank of America double upgrades Hexcel, says company has upside as commercial travel recovers
Analysts were ‘positively surprised’ to see continued top-line growth from the company. Source
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Morgan Stanley downgrades Carvana, cuts price target by 70% as car seller faces serious challenges
The auto company accelerated growth “at precisely the wrong time,” said analysts. Source
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Evercore ISI upgrades Starbucks after earnings, says outlook looks less scary now
Investors have reason to be “less fearful” of Starbucks’ outlook following the release of the company’s latest quarterly report, according to Evercore ISI. Source
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This fertilizer stock looks cheap after tumble, JPMorgan says
The branded lawn and garden products company is a leader with roughly half of the domestic market share. Source
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Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a fundamental change in economic and market risks. So, investors may want to resist going all in. “We are going to get an oversold bounce. Sentiment […]
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Stock futures inch higher ahead of Fed’s big rate decision
Stock futures inched higher in overnight trading as investors braced for the Federal Reserve’s big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point. Futures on the Dow Jones Industrial Average were flat. S&P 500 futures inched 0.17% higher, and Nasdaq 100 futures rose […]
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Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and more
Check out the companies making headlines after the bell: Lyft — The ridesharing stock plummeted 23% in extended trading despite reporting a beat on revenue and an unexpected profit in the recent quarter. Lyft shared guidance for the second quarter that fell below analysts’ estimates as it said it will need to continue to invest […]
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Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become increasingly tight. “You can’t think of a […]
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Stocks making the biggest moves in the premarket: Paramount Global, Logitech, Chegg and more
Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts’ forecasts for the media company, amid increasing video streaming competition and weak ad sales growth. Logitech (LOGI) – Logitech […]
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