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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...
Business

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...
Business

Arhaus, Inc. (ARHS) Surpasses Earnings and Revenue Estimates

Business
On Thursday, May 9, 2024, Arhaus, Inc. (ARHS) reported an earnings per share (EPS) of $0.1074, surpassing the estimated EPS of $0.02 by a...

CIBC Upgrades Shopify (NYSE:SHOP) to Outperform

Business
On Thursday, May 9, 2024, CIBC updated its grade for Shopify (SHOP:NYSE) to Outperform, maintaining a hold action. This assessment came as Shopify's stock...

HubSpot (HUBS:NYSE) Receives Updated Price Target from BMO Capital

Business
Keith Bachman of BMO Capital recently updated the price target for HubSpot (HUBS:NYSE) to $635, a notable adjustment from the previous target of $710....

AGS Surpasses Earnings and Revenue Estimates

Business
On Thursday, May 9, 2024, AGS (NYSE:AGS) reported earnings per share (EPS) of $0.1104, surpassing the estimated EPS of -$0.05. This performance indicates a...

Upstart Holdings Receives Underperform Rating from Sandler O’Neill

Business
On Thursday, May 9, 2024, Sandler O'Neill adjusted its rating on Upstart Holdings (NASDAQ:UPST) to Underperform, maintaining a hold position. This evaluation was made...

Goldman Sachs Sets New Price Target for Robinhood Markets Inc. (HOOD)

Business
On Thursday, May 9, 2024, Goldman Sachs analyst Will Nance set a new price target for Robinhood Markets Inc. (HOOD) at $20, which was...

NVR, Inc. (NVR:NYSE) Announces $750 Million Stock Buyback Plan

Business
NVR, Inc. (NVR:NYSE) has recently announced a significant step in its financial strategy by planning to buy back up to $750 million of its...

Charles River Laboratories Reports Mixed Financial Results for Q1 2024

Business
On Thursday, May 9, 2024, Charles River Laboratories International, Inc. (CRL:NYSE) reported its financial results for the quarter ended March 2024, which presented a...

Jefferies Maintains Underperform Rating on Mercury Systems (NASDAQ:MRCY)

Business
On Thursday, May 9, 2024, Jefferies reiterated an Underperform rating on Mercury Systems (NASDAQ:MRCY), a notable aerospace and defense technology firm, while advising investors...

Deutsche Bank Adjusts Moderna’s Price Target Amid Vaccine Development Concerns

Business
Emmanuel Papadakis of Deutsche Bank recently adjusted the price target for Moderna (NASDAQ:MRNA) to $85, a notable decrease from its current trading price of...

Sphere Entertainment Co. (SPHR:NYSE) Quarterly Earnings Preview

Business
On Friday, May 10, 2024, Sphere Entertainment Co. (SPHR:NYSE) is set to unveil its quarterly earnings before the market opens, with Wall Street analysts...

Outbrain Inc. (OB:NASDAQ) Surpasses Earnings Estimates

Business
On Thursday, May 9, 2024, Outbrain Inc. (OB:NASDAQ) reported its earnings before the market opened, revealing an earnings per share (EPS) of -$0.10, which...

RBC Capital Updates HSBC Rating to “Sector Perform”

Business
On Thursday, May 9, 2024, RBC Capital updated its rating on NYSE:HSBC to "Sector Perform" and maintained a "hold" action, reflecting a nuanced view...

Warby Parker Inc. (WRBY) Receives New Price Target from Evercore ISI

Business
Mark Mahaney of Evercore ISI recently set a new price target for Warby Parker Inc. (WRBY) at $19, suggesting a potential increase of about...

Elon Musk’s Neuralink admits brain implant malfunction in blog post, after WSJ enquiry

Business
On Wednesday, Elon Musk's startup Neuralink published a blog post admitting that its implant on a human quadriplegic’s brain had malfunctioned. The blog post...

Why did Shopify shares fall by 20 percent? CWEB analysts analyze

Business
Shopify (SHOP) reported strong first-quarter growth, with both earnings and revenue topping Wall Street analysts' estimates. However, a weak outlook for the second quarter...

CWEB curates jewelry, razor, water bottle, footwear deals at Walmart for Mother’s Day, Summer, for web fans

Business
CWEB is always looking for the best deals on Walmart for its web fans. As Mother's Day is just a few days away, and...

U.S. Steel’s Acquisition by Nippon Steel: A Financial and Regulatory Analysis

Business
U.S. Steel (X:NYSE) experienced a notable uptick of 4.3%, closing at $38.04 on Monday, following the green light from European regulators for Nippon Steel's...

Country Garden’s Financial Struggles Amid Debt Crisis

Business
Country Garden (CTRYF:PNK), a leading Chinese developer, is navigating through a challenging financial landscape marked by its inability to meet certain payment obligations. The...

Wall Street’s High Hopes for The Bancorp, Inc. (TBBK)

Business
Wall Street analysts have set their sights high for The Bancorp, Inc. (TBBK), forecasting a significant 45.6% upside potential with a price target of...

Ormat Technologies (ORA:NYSE) Quarterly Financial Performance Analysis

Business
Ormat Technologies (ORA:NYSE) recently disclosed its quarterly financial performance, revealing earnings of $0.65 per share, which did not meet the expectations set by the...

Paramount Eyes Consolidation with Sony and Apollo in a $26 Billion Move

Business
The streaming market's current state of saturation is a clear signal that the industry is ripe for consolidation. Companies like Comcast and Disney are...

Disney and Warner Bros. Discovery Launch Streaming Bundle

Business
Disney and Warner Bros. Discovery's announcement to launch a streaming bundle including Disney+, Hulu, and Max this summer is a strategic move that reflects...

ARC Document Solutions, Inc. (NYSE:ARC) Exceeds Q1 2024 Earnings Expectations

Business
ARC Document Solutions, Inc. (NYSE:ARC) recently held its Q1 2024 earnings conference call, revealing a notable performance that exceeded expectations. The company reported quarterly...

Chevron (CVX:NYSE) Shines in the Oil and Gas Sector Amidst Market Volatility

Business
In May 2024, Chevron (CVX:NYSE) stands out as a beacon of stability and growth potential in the tumultuous oil and gas sector, despite the...

Kellogg’s Cereal Unit Sees Notable Rally Post-Spinoff from Kellanova

Business
Kellogg's cereal unit, recently spun off from Kellanova, has seen a notable rally, moving away from its previously undervalued status. This resurgence, however, is...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Earnings Overview: A Strong Start to 2024

Business
Hyster-Yale Materials Handling, Inc. (NYSE:HY) recently held its first quarter 2024 earnings conference call, revealing impressive financial results that have caught the attention of...

Airbnb, Inc. ([ABNB:NASDAQ](https://site.financialmodelingprep.com/financial-summary/ABNB)) Faces Post-Earnings Dip Amid Weak Outlook

Business
Airbnb, Inc. ((https://site.financialmodelingprep.com/financial-summary/ABNB)) encountered a significant challenge as its stock plunged over 8% in extended trading on Wednesday, following the release of a weaker-than-expected...

MakeMyTrip (MMYT) Anticipates Strong Quarterly Financial Performance

Business
MakeMyTrip (NASDAQ:MMYT) is on the brink of revealing its financial performance for the quarter ended March 2024, with expectations set high by Zacks Equity...

Bumble Inc. (NASDAQ:BMBL) Earnings Exceed Expectations

Business
Bumble Inc. (NASDAQ:BMBL) recently reported its earnings for the first quarter ended March 2024, revealing a notable revenue increase and a positive shift in...

Celestica Inc. (CLS:NYSE) Spotlighted for Bright Future in Tech Sector

Business
Celestica Inc. (CLS:NYSE) has been spotlighted by Zacks Investment Research as a mid-cap technology stock with a bright future ahead, especially for the remainder...

Grand Canyon Education, Inc. (NASDAQ:LOPE) Q1 2024 Earnings Highlights

Business
Grand Canyon Education, Inc. (NASDAQ:LOPE) recently held its Q1 2024 Earnings Conference Call, revealing a strong financial performance that has caught the attention of...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q1 2024 Earnings Insights

Business
Golden Entertainment, Inc. (NASDAQ:GDEN) recently held its Q1 2024 earnings conference call, drawing attention from investors and analysts alike. The call, detailed by Seeking...

Light & Wonder (LNW) Exceeds Quarterly Earnings Expectations

Business
Light & Wonder (NASDAQ:LNW) has recently reported its quarterly earnings, showcasing a remarkable performance that exceeded Wall Street's expectations. The company's earnings per share...

Cheesecake Factory (NASDAQ:CAKE) Exceeds Quarterly Earnings Expectations

Business
Cheesecake Factory (NASDAQ:CAKE) has recently reported its quarterly earnings, showcasing a notable performance that exceeded analysts' expectations. With earnings of $0.73 per share, the...

Vista Gold Corp. (VGZ:AMEX) Advances Mt Todd Project with Strong Financial Position

Business
Vista Gold Corp. (VGZ:AMEX) has recently shared its unaudited financial results for the first quarter of 2024, revealing a strategic focus on strengthening its...

TKO Group Holdings (TKO:NYSE) Surpasses First-Quarter Earnings and Revenue Expectations

Business
TKO Group Holdings (TKO:NYSE) has made headlines with its first-quarter earnings and revenue figures, significantly outperforming expectations and setting a positive tone for its...

Groupon Q1 2024 Earnings Preview. CWEB analysts analyze the positive trend.

Business
Groupon (NASDAQ:GRPN) will announce its earnings results for the first quarter on Thursday, May 9th, after the market closes. Groupon (GRPN) earnings: Earnings Date: Groupon is...

Watch Alphabet’s Google launches Pixel 8a with AI at $499, CWEB earlier reported May launch

Business
Alphabet Inc.’s Google (GOOGL) has launched its Pixel 8a at an affordable price of $499. CWEB had earlier reported that the tech giant was...

Will Panera discontinue Charged Lemonade and Charged Sips Drinks following lawsuits? CWEB reports

Business
According to sources familiar with the matter, Panera Bread (PNRA) is expected to discontinue serving its Charged Lemonade and Charged Sips. The removal is...

Apple Unveils M4 Chip for iPad Pro: A Leap in AI Performance

Business
Apple Inc. (AAPL:NASDAQ) Launches M4 Chip, Revolutionizing the iPad Pro Lineup Apple Inc. (AAPL:NASDAQ) recently made headlines with the launch of its latest technological marvel,...

Alibaba Group Holdings: The Undervalued Gem in China’s Market

Business
Alibaba Group Holdings: A Key Undervalued Stock in the Chinese Market In the recent analysis by InvestorPlace, Alibaba Group Holdings (NYSE:BABA) was spotlighted as a...

Tencent Holdings: Thriving Amidst Economic Challenges

Business
Tencent Holdings: A Beacon of Resilience Amidst Economic Challenges In May 2024, amidst the economic challenges faced by China, including a struggling economy and tighter...

Nissan Motor Co. Enhances Strategy in China and ASEAN

Business
Nissan Motor Co., Ltd. Takes Strategic Steps in China Nissan Motor Co., Ltd. (NSANY), under the leadership of CEO Makoto Uchida, is taking significant steps...

Top Battery Stocks to Watch in 2024 Amid EV Sector Challenges

Business
Top Battery Stocks to Watch Amid EV Sector Challenges In May 2024, amidst a challenging backdrop for battery stocks due to a slowdown in demand...

Intel Corporation Class Action Lawsuit Deadline Announced

Business
Intel Corporation Class Action Lawsuit Deadline Announced by GPM Glancy Prongay & Murray LLP (GPM) has highlighted a critical deadline for investors of Intel Corporation...

Dell Technologies (DELL:NYSE) Receives Strong Buy Rating from Zacks Investment Research

Business
Dell Technologies (DELL:NYSE) Spotlighted by Zacks Investment Research Dell Technologies (DELL:NYSE) has been spotlighted by Zacks Investment Research with an average brokerage recommendation (ABR) of...

Microsoft Navigates Strategic Adjustments Amidst Regulatory Scrutiny

Business
Microsoft Corporation (MSFT:NASDAQ) Navigates Strategic Adjustments Amidst Regulatory Scrutiny Microsoft Corporation (MSFT:NASDAQ) is navigating through a period of strategic adjustments and regulatory scrutiny, reflecting broader...
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