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HomeBusiness

Business

CWEB Business News Urban Outfitters Maintains Neutral Rating and Price Target Increase by UBS

UBS has reaffirmed its Neutral stance on Urban Outfitters, Inc. (NASDAQ: URBN) while raising its price target for the specialty retailer. The firm increased...
Business

CWEB Business News: Strategic Synergy – Analysts Applaud Amazon-Hertz Alliance as a Paradigm Shift in Digital Vehicle Commerce

In a landmark move that signals a significant expansion of its ecosystem, Amazon.com, Inc. (NASDAQ: AMZN) has announced a pivotal partnership with The Hertz...
Business

Semtech Shares Jump 3 percent Following Q4 Results

Business
Semtech (NASDAQ:SMTC) experienced a more than 3% increase in its stock price in after-hours trading on Thursday following the announcement of optimistic guidance for...

Target Stock Added to Fresh Money List at Deutsche Bank

Business
Deutsche Bank analysts placed Target (NYSE:TGT) on the Fresh Money List, highlighting it as a key stock pick anticipated to show strong performance in...

AMC Shares Plunge 14 percent on a New Equity Distribution Deal

Business
AMC Entertainment Holdings (NYSE:AMC) saw its shares drop over 14% on Thursday following its announcement of a new equity distribution deal valued up to...

Palantir Technologies Stock Drops 6 percent on Monness, Crespi, Hardt Downgrade

Business
Palantir Technologies (NYSE:PLTR) stock plunged more than 6% on Thursday after Monness, Crespi, Hardt analysts downgraded the company to Sell from Neutral, setting a...

Walgreens Boots Alliance Shares Gains 3 percent Following Q2 Results

Business
Walgreens Boots Alliance (NASDAQ:WBA) shares rose more than 3% on Thursday after the company exceeded expectations with its second-quarter adjusted earnings per share (EPS)...

Home Depot to Buy SRS Distribution

Business
Home Depot (NYSE:HD) announced its intention to purchase SRS Distribution for $18.25 billion, in what is a significant move to expand its services to...

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Business
Google and Pinterest might be testing a new partnership. Analysts at CWEB have found a code string that suggests multiple Google ad units are...

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Business
Shares of DraftKings Inc.(DKNG) experienced a significant decline on Wednesday following an announcement by NCAA President Charlie Baker, who expressed his intention to prohibit...

Chick-Fil-A backtracks on NAE pledge, to use some antibiotics in chicken

Business
Chick-Fil-A backtracked on its No Antibiotics Ever (NAE) policy that was made in 2014. The popular chicken sandwich chain announced it will use some...

Bloom Energy’s Price Target Cut at Susquehanna

Business
Susquehanna analysts adjusted their price target for Bloom Energy (NYSE:BE) to $16 from $18 but continued to recommend a Positive rating on the stock....

Nio Shares Drops 6 percent Following Slashed Q1 Delivery Outlook

Business
NIO (NYSE:NIO) shares fell more than 6% intra-day today as the EV manufacturer cut its Q1 delivery outlook due to falling demand and strong...

nCino Shares Jump 19 percent Following Q4 Earnings

Business
nCino (NASDAQ:NCNO) shares surged more than 19% intra-day today following the release of Q4 earnings that surpassed expectations. The financial technology firm reported earnings...

Tesla’s Price Target Cut at Citi Ahead of Q1 Deliveries

Business
Citi analysts revised Tesla’s (NASDAQ:TSLA) price target down to $196 from $224 while keeping their Neutral rating. The analysts adjusted forecasts in anticipation of...

H&M profit beats analysts expectations, share leap by over 14 percent, CWEB upgrades stock value

Business
H&M posted significantly higher profits than analysts' expectations, and its share price popped by more than 15 percent on the London Stock Exchange Wednesday...

Virtu Financial Gains on Price Target Boost at Citi

Business
Virtu Financial (NASDAQ:VIRT) shares rose more than 2% intra-day today after Citi analysts increased their price target for the company to $22.50 from $21,...

Valero Energy’s Price Target Raised at UBS

Business
UBS analysts increased their price target for Valero Energy (NYSE:VLO) to $197 from $167, keeping a Buy rating. The analysts noted that Valero's stock...

Krispy Kreme Stock Jumps 24 percent as McDonald’s Partnership Goes National

Business
Krispy Kreme (NASDAQ:DNUT) shares jumped more than 24% intra-day today following an announcement of a partnership with McDonald's to distribute Krispy Kreme donuts in...

Reddit Extends Gains, Reaching All-Time High

Business
Reddit (NYSE:RDDT) shares rose more than 15% intra-day today, reaching a new all-time high. Following a strong 30% climb on Monday, the social media...

Digital World Stock Soars 35 percent as Trump Media & Technology Group’s Merger Finalizes

Business
Digital World Acquisition (NASDAQ:DWAC) shares soared over 35% on Monday following the announcement of finalizing its merger with Trump Media & Technology Group (TMTG),...

McDonald’s announces nationwide rollout of Krispy Kreme, doughnut maker’s stock rises by 28 percent

Business
McDonald's announced that Krispy Kreme doughnuts would soon be available in all its restaurants in the U.S. The doughnut maker’s stock rose by 28...

Alphabet shares get CWEB analysts price hike, after Google Gemini license deal with Apple

Business
Google's parent company, Alphabet, has lagged behind the Magnificent Seven in stock value despite having a robust impact on technology. Recently, analysts from CWEB...

Boeing Shares Gain Following News on CEO Stepping Down

Business
Boeing (NYSE:BA) unveiled significant leadership changes on Monday, announcing CEO Dave Calhoun's plan to step down by the end of 2024. Board Chair Larry...

Intel and AMD to be Impacted by China’s New Regulations on US chips

Business
China introduced new regulations to phase out US-made microprocessors, such as those by Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD), from its government computers. This step...

United Airlines Stock Drops 4 percent as FAA Increases Oversight

Business
United Airlines (NASDAQ:UAL) shares dropped more than 4% intra-day today following the Federal Aviation Administration's (FAA) decision to enhance its supervision of the airline...

Dave & Buster’s Stock Fall on Raymond James Downgrade

Business
Dave & Buster's Entertainment (NASDAQ:PLAY) fell more than 2% intra-day today after Raymond James revised its rating for the company to Market Perform from...

Walt Disney Gains on Barclays Upgrade

Business
The Walt Disney Company (NYSE:DIS) shares rose more than 2% intra-day today after Barclays raised its rating on the company to Overweight from Equal...

Tesla Cuts China Factory Production

Business
Tesla (NASDAQ:TSLA) reduced its electric vehicle production in China amidst slower growth in new-energy vehicle sales and heightened competition in the largest car market...

Nike Beat Q3 Results, But Shares Plunge on Expected Revenue Drop

Business
NIKE (NYSE:NKE) announced third-quarter earnings that surpassed expectations. Enhanced margins and robust performance in its North American business contributed to its success. In the quarter...

Alphabet Added to Best Ideas List at Wedbush

Business
Wedbush analysts included Alphabet (NASDAQ:GOOGL) stock in the 'Best Ideas List' and increased their price target to $175 from $160. The analysts argue that...

HealthEquity’s Price Target Increased at KeyBanc

Business
KeyBanc analysts increased their price target on HealthEquity (NASDAQ:HQY) to $95 from $85, keeping an Overweight rating. The analysts shared insights from a recent conference...

FedEx Shares Jump 7 percent Following Q3 Beat

Business
FedEx Corporation (NYSE:FDX) shares jumped over 7% on Friday, following a report of Q3 earnings that surpassed expectations and optimistic guidance for the entire...

Why is XMicro taking the Shaving Industry by storm? Web Fans are eagerly anticipating the incredibly low price of $8.

Business
Introducing XMicro version X Men|Women with our cutting-edge shaving solution for an unmatched grooming experience: the XMicro Precision Razor with New XMicro Technology and...

Will X-Men ‘97’ animated series boost Marvel’s future? Web fans will decide

Animation
When Disney acquired X-Men: The Animated Series from Fox’s entertainment assets, it left the show on the shelves. However, the entertainment giant has finally...

CWEB informs web fans of 440,00 Starbucks branded Nestle metallic mugs recall for breaking, overheating injuries

Business
CWEB is informing web fans that the Consumer Product Safety Commission (CPSC) has asked for a recall of about 440,500 metallic mugs that were...

CWEB curates products for web fans as Walmart launches Super Spring Savings Week, Amazon launches Big Spring Sale

Business
CWEB asks, “What is better than a sale by a giant retailer? The answer is simple: Two sales by two giant retailers.” Two sales...

Accenture Drops 6 percent on Guidance Cut

Business
Accenture (NYSE:ACN) experienced a 6% drop in its stock price intra-day today after the company adjusted its revenue growth expectations for the fiscal year...

Five Below Stock Plunges 11 percent on Q4 Miss & Disappointing Guidance

Business
Five Below (NASDAQ:FIVE) experienced a significant drop of over 11% in its stock price intra-day today. This decline followed the company's announcement of Q4...

Chewy Reports Q4 Beat, But Shares Drop 6 percent on Projected Slowdown

Business
Chewy (NYSE:CHWY) experienced a nearly 6% drop in its stock price pre-market today despite the announcement of its Q4 earnings that exceeded market expectations....

Li Auto Shares Drop 8 percent Following Delivery Guidance Cut

Business
Li Auto (NASDAQ:LI) shares saw a downturn of over 8% in pre-market today following the company's revised guidance for its Q1 vehicle deliveries. The...

Micron Stock Jumps 16 percent on Q2 Beat & Strong Guidance

Business
Micron Technology (NASDAQ:MU) unveiled promising guidance for the upcoming quarter following a surprising turn to profit in its Q2, driven by a surge in...

Birkin bag maker sued by two Californians, Hermes faces class action lawsuit

Business
The Birkin bag is not only a status symbol among many A-listers but is also sought after by many others and obtained by a...

Gucci owner shares fall after Kering warns about low Asia sales, other luxury goods company shares follow suit

Business
Kering, the parent of Gucci and other luxury brands, noted that sales of Gucci goods will decline in the first quarter of the year....

Tencent Music Entertainment Earns an Upgrade Following Q4 Beat

Business
Citi analysts upgraded Tencent Music Entertainment Group (NYSE:TME) to Buy rating from Neutral, increasing their price target to $13 from $9. The analysts highlighted...

Chevron’s Price Target Raised at Mizuho Securities

Business
Mizuho Securities analysts raised Chevron (NYSE:CVX) price target to $200 from $195, keeping a Buy rating on the stock. Mizuho's update is based on...

NVIDIA’s Price Target Raised at Piper Sandler

Business
Piper Sandler analysts boosted their price target on NVIDIA Corporation (NASDAQ:NVDA) to $1,050 from $850, maintaining an Overweight rating. Following the GTC conference, where...

Chipotle Stock Gains 6 percent on 50-for-1 Stock Split

Business
Chipotle Mexican Grill (NYSE:CMG) stock surged over 6% pre-market today following the announcement that its board has endorsed a 50-for-1 stock split, awaiting approval...

Intel Shares Gain 3 percent Following Biden Administration’s Funding Award

Business
The Biden administration is taking steps to boost semiconductor manufacturing within the United States by tentatively offering Intel (NASDAQ:INTC) up to $8.5 billion in...

Will Fisker’s six weeks pause in production help embattled EV maker avoid bankruptcy

Business
Fisker announced on Monday that it was pausing production for six weeks. The company was in talks with a giant automaker to keep its...
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