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Business

Monday.com Stock Plummets 29% Despite Stellar Q2 Earnings and Revenue Beat

Monday.com (NASDAQ: MNDY) delivered a strong second-quarter performance, surpassing Wall Street estimates on both earnings and revenue, yet its shares tumbled sharply in Monday’s...
Business

CWEB Business News Pinterest (NYSE:PINS) Stock Analysis: Growth Potential Amid Market Challenges

Pinterest Inc. (NYSE:PINS), the visual discovery platform known for inspiring users with ideas ranging from recipes to home decor, continues to draw investor attention...
Business

Enovix Shares Surge Over 38 percent on New Agreement for Mixed Reality Headset Batteries

Business
Shares of Enovix (NASDAQ:ENVX) soared over 38% intra-day today following the announcement of a new agreement with a prominent California-based technology company to supply...

Carnival Stock Surges 7 percent on Q2 Beat & Raised Guidance

Business
Carnival Corp. (NYSE:CCL) shares jumped more than 7% intra-day today after the company reported a notable improvement in its Q2 performance, with net income...

Watch Alphabet’s Google to bring Gemini to teen students school accounts, CWEB reports

Business
Alphabet's Google (GOOGL) announced Monday that the tech giant is bringing its AI Gemini to teen students. Students can use their school accounts to...

British AI startup Synthesia launches multilingual video presentations, Nvidia backed startup offers many new features

Business
On Monday, Nvidia (NVDA) based artificial intelligence startup Synthesia announced many new features. One of them included the ability to use a webcam or...

Jefferies Maintains Buy Rating on Cheniere Energy, Raises Price Target

Business
Jefferies reaffirms a Buy rating on Cheniere Energy and increases the price target from $217 to $220. Cheniere Energy announces a significant enhancement to its...

Micron Technology, Inc. Quarterly Earnings Anticipation

Business
Analysts predict an EPS of $0.5 and revenue of approximately $6.66 billion for the upcoming quarter. Micron is benefiting from a strong recovery in the...

Sirius XM Holdings Inc. Receives Updated Price Target from Evercore ISI

Business
Sirius XM Holdings Inc. has been upgraded to "In Line" from "Underperform" by Evercore ISI, with a new price target suggesting a potential upside of...

Ferrari’s New Price Target and Share Buyback Program: A Comprehensive Analysis

Business
UBS has updated Ferrari's price target to $478, indicating a potential upside of approximately 13.24%. Ferrari has launched a Euro 350 million share buyback program...

Argus Raises Dick’s Sporting Goods Price Target Following Strong Q1 Earnings

Business
Argus analysts increased their price target for Dick's Sporting Goods (NYSE:DKS) to $252 from $240, while maintaining a Buy rating. The analysts' update follows stronger-than-expected...

TD Cowen Boosts Sun Country Airlines Price Target to $20 on Amended Amazon Contract

Business
TD Cowen analysts increased their price target for Sun Country Airlines (NASDAQ:SNCY) to $20 from $17, maintaining a Buy rating on the stock. The analysts'...

Carrier Global Gains 3 percent Following Citi’s Upgrade

Business
Carrier Global (NYSE:CARR) shares rose more than 3% intra-day today after Citi analysts upgraded the company to Buy from Neutral, raising their price target...

Micron Technology’s Price Target Boosted at Baird Ahead of Earnings

Business
Baird analysts increased their price target for Micron Technology (NASDAQ:MU) to $172 from $150, maintaining their Outperform rating, ahead of the company’s upcoming Q3/24...

JPMorgan Highlights Apple’s Strong Position in Edge AI

Business
JPMorgan analysts assert that Apple (NASDAQ: AAPL) holds a strong position in the Edge AI hardware sector, primarily due to its vast iPhone user...

Jefferies Analysts Bullish on Airbnb, Citing Paris Olympics Boost

Business
Jefferies analysts expressed a positive outlook on Airbnb (NASDAQ:ABNB), highlighting the potential benefits from the upcoming Paris Olympics. Jefferies noted a significant increase in bookings...

American Express to buy second restaurant platform for $400 million, CWEB analyzes acquisition

Business
American Express (AXP) announced on Friday that it is buying booking platform Tock for $400 million. The credit card company is set to acquire...

Market Analysis: Unraveling the Downturns in Today’s Market

Business
In today's market analysis, we explore the reasons behind the significant downturns of several companies, shedding light on the challenges they face. From regulatory...

Morgan Stanley Upgrades Sarepta Therapeutics, Inc. to Overweight

Business
Morgan Stanley has upgraded Sarepta Therapeutics to Overweight, signaling confidence in the company's future following FDA's expanded approval of Elevidys for Duchenne muscular dystrophy...

FedEx Corporation Quarterly Earnings Preview

Business
Earnings per Share (EPS) Estimate: Set at $5.34, indicating potential growth and financial health. Projected Revenue: Approximately $22.06 billion, showcasing the company's vast network and...

Nike Inc. Receives New Price Target from Oppenheimer

Business
Brian Nagel from Oppenheimer upgrades Nike Inc.to Outperform with a new price target of $120, indicating a potential increase of about 25.56%. Nike is set...

Airbus SE Receives Bullish Price Target from Bernstein

Business
George Zhao of Bernstein sets a bullish price target of $51 for Airbus SE, indicating a potential upside of about 28.66%. COMAC emerges as a...

Amazon’s Strategic Overhaul of Alexa and Its Impact on AMZN’s Market Position

Business
Colin Sebastian of Robert W. Baird updates the price target for Amazon to $213, indicating a potential increase of 14.45%. Amazon plans to revamp its...

FactSet Research Systems Inc. Surpasses Q3 Earnings Expectations

Business
The reported EPS of $4.37 exceeded the estimated EPS of $3.91, reflecting a 15.3% year-over-year increase. Revenue for the quarter was approximately $552.71 million, marking...

Citi Raises Microsoft Price Target to $520, Cites Positive Impact from OpenAI

Business
Citi analysts have increased their price target for Microsoft (NASDAQ:MSFT) to $520 from $495, while maintaining their Buy rating on the stock. The bank noted...

Barclays Reiterates Equalweight Rating on Tesla, Highlights Potential Challenges

Business
Barclays analysts reiterated their Equalweight rating on Tesla (NASDAQ:TSLA) stock with a price target of $180. The analysts expect Tesla to report second-quarter deliveries of...

Benchmark Increases Texas Instruments Price Target to $230, Reaffirms Buy Rating

Business
Benchmark analysts raised their price target for Texas Instruments (NASDAQ:TXN) to $230 from $210, while maintaining a Buy rating on the stock. The analysts'...

Baird Analysts Slightly Raise Amazon Price Target

Business
Baird analysts have slightly increased their price target for Amazon (NASDAQ:AMZN) shares to $213 from $210 following a reassessment of the margin outlook for...

Citi Ups Corning Price Target to $45, Highlights Revenue and Profitability Growth

Business
Citi analysts raised the price target for Corning (NYSE:GLW) to $45 from $38, while maintaining their Buy rating on the stock. Following Corning's recent investor...

CarMax Reports 33 percent Drop in Q1 Profit, Misses on Revenues

Business
CarMax (NYSE:KMX) reported a significant drop in first-quarter profit, with a 33% decline due to continued pressure on vehicle margins in the used-vehicle market....

Trump Media shares continue to fall, 15 percent decline after DJT stock sell-off, CWEB reports

Business
  Trump Media shares (DJT) have been falling almost steadily after the initial euphoria when some investors and Trump followers bought the stock at a...

Datadog, Inc. Leads in Cloud Application Monitoring and Security with App Builder Launch

Business
Datadog's App Builder enhances DevSecOps efficiency by allowing rapid creation and integration of self-service applications. The tool's user-friendly design and extensive integrations empower teams to...

TD SYNNEX Earnings Report Preview: Key Insights

Business
Wall Street's expectations for TD SYNNEX are set at an EPS of $2.76 and projected revenues of $14.1 billion for the quarter. The stability of...

Barclays Adjusts Humana Inc. Rating and Price Target Amid Legal Challenges

Business
Barclays has updated its rating on Humana Inc. to Equal-Weight from Overweight and increased the price target to $370 from $326. Humana faces legal challenges...

Samsara Started With a Buy Rating at BofA Securities

Business
BofA Securities analysts started coverage on Samsara Inc (NYSE:IOT) with a Buy rating and a price target of $37 on the stock. The analysts highlighted...

Honeywell to Acquire CAES Systems for $1.9 Billion in Cash

Business
Honeywell (NASDAQ:HON) announced today that it has agreed to acquire CAES Systems, a prominent aerospace and defense technology firm, for $1.9 billion from Advent...

AMD Stock Surges 7 percent After Being Named the Top Large-Cap Pick at Piper Sandler

Business
AMD (NASDAQ:AMD) shares rose more than 7% intra-day today after Piper Sandler analysts named the company as their top large-cap pick for the second...

Analysts’ Perspective on Nvidia’s Becoming the World’s Most Valuable Company

Business
Nvidia (NASDAQ:NVDA) achieved the title of the world's most valuable company, surpassing both Microsoft and Apple. Analysts at Wedbush predict that the competition to...

Kroger Shares Drop 3 percent Despite Better Than Expected Q1 Results

Business
Kroger (NYSE:KR) shares dropped more than 3% intra-day today despite the grocery chain reporting Q1 earnings and revenue that surpassed analyst expectations. The company posted...

Google announces $2.3 billion investment in data centers in Ohio, CWEB reports

Business
Google (GOOGL) announced an additional investment of $2.3 billion in three data centers in central Ohio on Tuesday. The announcement was made at an...

Chipotle Mexican Grill’s Strategic Stock Split and Its Implications

Business
Chipotle Mexican Grill, Inc. announces a stock split to make shares more accessible to a broader investor base. The company's stock price reaches a new year-high,...

Micron Technology’s Price Target Raised by US Capital Advisors

Business
Steven Fox of US Capital Advisors has increased the price target for Micron Technology to $185, indicating a potential upside of about 20.56%. Micron's fiscal second...

Carnival Corporation Quarterly Earnings Preview

Business
Carnival Corporation is expected to report a quarterly loss of $0.01 per share, indicating a significant year-over-year improvement. Projected revenue for the quarter is approximately...

SoftBank Group Corp. Surpasses Earnings Expectations and Expands into Renewable Energy

Business
Impressive Earnings: SoftBank Group Corp. reported an EPS of $1.02, significantly beating the estimated EPS of -$0.09, with revenue reaching approximately $11.57 billion. Strategic Expansion:...

FactSet Research Systems Inc. Quarterly Earnings Preview

Business
FactSet is expected to unveil its quarterly earnings report on June 21, 2024, with analysts predicting an EPS of $3.91 and revenues of approximately...

CarMax, Inc. Earnings Report Preview: Key Insights

Business
Analysts have set the Zacks consensus estimate for CarMax's Q1 earnings at $1.02 per share and revenues at $7.23 billion, indicating a year-over-year decrease. The...

Cloudflare, Inc. Addresses Cybersecurity Challenges in Europe

Business
40% of European organizations experienced a cybersecurity incident in the last year, with 84% noting an increase in the frequency of these events. Nearly half...

3D Systems Corporation Earnings Preview and Breakthrough in 3D Printing Technology

Business
3D Systems Corporation is set to release quarterly earnings with an estimated EPS of -$0.07 and revenue of $108.48 million. The company unveils the EXT...

Walmart sells Elon Musk’s SpaceX made Starlink dishes, web fans are happy

Business
  Walmart (WMT) is the latest giant retailer to sell Elon Musk-led SpaceX‘s satellite dishes called Starlink. The company recently updated its retailers on its...

Chipotle adds extra sauce to investors portfolio with stock split, web fans happy, CWEB analyzes

Business
  Chipotle Mexican Grill Inc (CMG) announced that investors who own stock at the end of trading Tuesday will receive extra shares as the company...
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