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Business

CWEB Business News BioAffinity Technologies Faces Financial Hurdles Despite Strong Revenue Growth for CyPath Lung

bioAffinity Technologies (NASDAQ: BIAF), a leader in innovative diagnostic solutions, has reported a 62% year-over-year revenue increase for its flagship product, CyPath Lung, in...

CWEB Business News BMO Capital Sets $375 Price Target for Constellation Energy (CEG), Highlighting Strong Growth Potential

James Thalacker, an analyst at BMO Capital, has reaffirmed confidence in Constellation Energy (NASDAQ: CEG) with a price target of $375, signaling a potential...

Aldi, Hy-Vee stores recall cream cheese varieties over salmonella contamination concerns

Two supermarket chains, Aldi Inc. and Hy-Vee Inc., have initiated a widespread recall of certain cream cheese products due to potential salmonella contamination. The...

Lightspeed POS Inc. Maintains Overweight Rating: A Closer Look at Its Performance

Barclays reaffirmed its overweight rating on Lightspeed Commerce Inc., with the stock trading at $15.42. Lightspeed has shown promising technical indicators by breaking through the...

Qifu Technology, Inc.Gears Up for First-Quarter Earnings Release

Anticipation builds as Qifu Technology, Inc., prepares to unveil its Q1 2024 earnings, with Wall Street expecting an EPS of 1.08 and revenue of $80.77...

CWEB curates Limited Time Offer Walmart Plus deals on jewelry, razors, electronics, makeup for web fans

CWEB always curates the best deals from Walmart (WMT) and some regular deals often available at the deep discounter. Now, Walmart has come with...

Baidu Inc. Reports Mixed First-Quarter Earnings

Baidu Inc.  reported an EPS of $0.2675, missing expectations but exceeding revenue forecasts with $4.36 billion. The stock experienced a decline of up to 5.5%...

DXC Technology’s Financial Performance Analysis

DXC Technology reported an EPS of -$1.10, missing expectations but exceeding revenue forecasts with $3.39 billion. The company's ability to surpass revenue expectations despite a decrease...

Copart, Inc. Q3 Fiscal Year 2024 Earnings Overview

Earnings per share (EPS) of $0.39 exceeded the estimated EPS of $0.3867. Revenue reached approximately $1.13 billion, surpassing the estimated revenue and marking a significant year-over-year...

Macquarie Analyst Sets New Price Target for JD.com, Inc 

Ellie Jiang from Macquarie upgrades JD.com, Inc. to 'Outperform' with a new price target of $40, indicating a 16.72% potential increase. Despite economic challenges, JD.com's resilience...

Boot Barn Receives New Price Target from UBS Analyst

Jay Sole from UBS sets a new price target for Boot Barn at $140, indicating a potential upside of approximately 25.35%. Boot Barn's active engagement with...

Wolfe Research Upgrades Alaska Air Group to Outperform

Wolfe Research upgrades Alaska Air Group, Inc. to outperform, indicating a bullish outlook on the airline's future. A strong rebound in air travel demand...

Key Insights from Globant’s Price Target Adjustment and Q1 2024 Earnings Call

Joseph Vafi of Canaccord Genuity adjusted the price target for Globant S.A. to $175, indicating a conservative outlook. Globant's stock has shown resilience, trading within a...

Scotiabank Downgrades Macerich Company Amid Operational Challenges

Scotiabank downgrades Macerich Company to underperform due to disappointing first-quarter earnings and operational challenges. Lower Funds From Operations (FFO) per share reported, indicating operational inefficiencies...

Royal Caribbean Price Target Raised by Wells Fargo: A Deep Dive into the Optimistic Outlook

Wells Fargo increases Royal Caribbean's price target to $165, indicating a 15.5% potential upside. Royal Caribbean boasts an average brokerage recommendation (ABR) of 1.39, leaning...

ZEEKR Intelligent Technology Holding Limited’s IPO: A Milestone in the EV Market

ZEEKR's IPO was priced at $21 per share, indicating strong market confidence. The company's stock experienced a 35% surge on the first day of trading, showcasing...

Walmart’s Strategic Growth and Market Position Strengthened

KeyBanc upgrades Walmart to Overweight with a price target increase from $63.33 to $75. Walmart's appeal to higher-income shoppers and a 3.8% increase in comparable...

Market Analysis: Key Players Face Downturns Amid Strategic Shifts

AmpliTech Group, Inc. experienced a significant stock price drop due to a late quarterly filing notice related to digital currency trading. E-Home Household Service Holdings Limited...

Coinbase Global Earns an Upgrade at BofA Securities

Coinbase Global (NASDAQ:COIN) shares rose more than 2% pre-market today after BofA Securities analysts upgraded the company to Neutral from Underperform, raising their...

Netflix’s Neutral Rating Maintained at Piper Sandler

Piper Sandler analysts reiterated their Neutral rating and a $600 price target on Netflix (NASDAQ:NFLX) stock. The analysts attended Netflix’s recorded Upfront presentation and...

What to Expect From Nvidia’s Upcoming Earnings?

Nvidia (NASDAQ:NVDA) is scheduled to report its first-quarter 2025 earnings on Wednesday, May 22. Wall Street analysts expect Nvidia's Q1 revenue to reach $24.65...

Alibaba Stock Jumps Following Michael Burry’s Investment

Alibaba Group (NYSE:BABA) shares jumped over 7% yesterday after Michael Burry's investment firm significantly increased its stake in the e-commerce giant and other Chinese...

Applied Materials Shares Rise Following Q2 Beat

Applied Materials (NASDAQ:AMAT) shares rose around 2% intra-day today after the company reported fiscal second-quarter results and guidance, surpassing estimates as the artificial intelligence...

Verizon Receives Upgrade from Tigress Financial

Tigress Financial upgrades to Buy, raising the price target to $52. Verizon's integration of GenAI technologies aims to enhance customer service and operational efficiency. The company's...

Cimpress plc (NASDAQ:CMPR) Announces Financial Restructuring Efforts

Significant repricing and upsizing of its senior secured Term Loan B (TLB) to reduce cost of capital. Insider trading activities provide insights into executive confidence...

Under Armour underwhelms with low guidance, job cuts, reduced SKUs, restructuring, CWEB analyzes

On Thursday Under Armour (UAA) said that it was looking at weak sales for the year. It also laid out a restructuring plan that...

Pizza Hut launches New Cheeseburger melt, web fans are curious

Pizza Hut announced its entry into the burger business with a new product called Cheeseburger Melt on May 14. The pizza chain is asking...

Red Lobster to close almost 50 locations in 21 states, CWEB reports reasons for shuttering

Red Lobster is shuttering at least 48 locations in the nation, according to a liquidator who posted the news online. The post mentions that...

Canaan Inc. Gears Up for Earnings Amid Challenges

Projected earnings per share (EPS) of -$0.6 and revenue of $30.1 million for the upcoming quarter. Canaan is under investigation for potential securities law violations,...

cbdMD, Inc. Q2 Fiscal Year 2024 Financial Results Overview

Significant revenue achievement: cbdMD reported revenue of approximately $4.38 billion, surpassing expectations. Challenges in earnings: The company faced a shortfall with an earnings per share...

Ascendis Pharma Faces FDA Review Extension: Insights and Market Impact

The FDA has extended its review period for Ascendis Pharma's TransCon PTH, declining the stock by over 5%. Morgan Stanley's Vikram Purohit sets a new...

Nordson Corporation Quarterly Earnings Preview

Wall Street anticipates an EPS of $2.30 and revenue forecasts of approximately $661.41 million for the upcoming quarter. Analysts project a year-over-year EPS increase of...

Intel Corporation Stock Rating Upgrade by Wolfe Research

Wolfe Research upgrades Intel Corporation to Peer Perform from Underperform. Intel aims to transform its business model to become a semiconductor foundry for other companies. The company...

Dynatrace (NYSE:DT) Price Target Adjusted by BMO Capital

Dynatrace Price Target Update by BMO Capital Keith Bachman of BMO Capital revises Dynatrace's (NYSE:DT) price target to $54, indicating a...

Market Analysis: Top Losers and Their Potential for Recovery

Aethlon Medical, Inc. (NASDAQ:AEMD) sees potential for rebound with its innovative cancer and infectious disease treatments despite a recent price drop. Bolt Biotherapeutics, Inc. (NASDAQ:BOLT)...

LM Funding America, Inc. (LMFA) Surpasses Earnings and Revenue Estimates

LM Funding America, Inc. (NASDAQ:LMFA) reported a significant **EPS of $0.614**, outperforming the estimated EPS. The company's revenue reached approximately **$4.75 million**, slightly above the...

Seadrill Ltd (NYSE:SDRL) Sets Sail Towards a Bullish Horizon with Strategic Divestiture

Seadrill Ltd (NYSE:SDRL) Targets High Seas with Strategic Asset Sale Seadrill Ltd (NYSE:SDRL) has recently been spotlighted by Ben Nolan of Stifel Nicolaus, who has...

Tetra Tech, Inc. (NASDAQ: TTEK) Sets Ambitious 2030 Vision

Comprehensive 2030 strategy focusing on water, environment, and sustainable infrastructure with an emphasis on innovation and addressing regulatory requirements. Financial aspirations include a compounded annual...

Hut 8 Corporation (HUT) Receives Buy Rating from Benchmark

Benchmark upgraded NASDAQ:HUT to a Buy status, indicating a positive outlook on the company's future. Hut 8 Corporation reported a revenue of $51.7 million and...

Viking Therapeutics (NASDAQ:VKTX) Sees High Price Target from Truist Financial Amid Promising Drug Development

Joon Lee of Truist Financial sets a high price target of $120 for Viking Therapeutics (NASDAQ:VKTX), indicating a 72.6% potential increase. Viking's lead candidate, VK2735,...

Key Insights into Atmos Energy Corp (NYSE:ATO)

Insider Trading and Financial Insights on Atmos Energy Corp (NYSE:ATO) Diana J. Walters, a director at Atmos Energy, sold 400 shares,...

Hut 8 Corporation (NASDAQ:HUT) Sees Bullish Price Target Amid Strong Q1 Performance

Hut 8 Corporation (NASDAQ:HUT) Sees Bullish Price Target Amid Strong Q1 Performance Mark Palmer of Coker Palmer sets a bullish price...

ZimVie Earns an Upgrade at Needham, Shares Up 2 percent

ZimVie (NASDAQ:ZIMV) shares rose around 2% intra-day today after Needham analysts upgraded the company to Buy from Hold, setting a price target of $20...

Baidu Reports Better Than Expected Q1 Revenues

Baidu's (NASDAQ:BIDU) reported first-quarter revenue that exceeded expectations, while earnings aligned with analyst estimates. The company reported Q1 earnings per share (EPS) of RMB16.10,...

Berkshire Hathaway’s $6.7 Billion Investment Propels Chubb Shares to New High

Warren Buffett's Berkshire Hathaway (NYSE:BRK-B) disclosed on Wednesday that it had acquired a $6.72 billion stake in Chubb (NYSE:CB), propelling the insurer's shares to...

Under Armour Beats Q4, But Revenue Guidance Disappoints

Under Armour (NYSE:UAA) reported its fourth-quarter earnings, surpassing analyst expectations for adjusted earnings per share (EPS) but providing a disappointing revenue outlook. The company reported...

Cisco Raises Annual Revenue Guidance After Strong Q3 Performance

Cisco Systems (NASDAQ:CSCO) has raised its annual revenue forecast following better-than-expected fiscal third-quarter results, where improved margins helped counter a revenue decline. For Q3, Cisco...

Walmart Stock Surges 7 percent on Q1 Beat & Raised Outlook

Walmart’s (NYSE:WMT) first-quarter adjusted earnings surpassed expectations, leading the company to raise its full-year sales and profit forecast. The adjusted earnings per share were...

Buy Walmart Stock, CWEB analysts predictions come true after Walmart posts fantastic quarter results

  Walmart Inc. (WMT), the nation's largest retailer, posted its latest quarter results on Thursday, and as CWEB had predicted, the giant retailer continued to...

Toyota Motor Corporation’s Earnings Report Analysis

Missed EPS expectations: Toyota reported an EPS of $0.49, falling short of the anticipated $2.91. Exceeded revenue forecasts: The company posted revenue of approximately $72.99...
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