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Business

Microsoft surpasses Q3 revenue and profit expectations due to cloud services. CWEB analysts upgraded the stock.

Microsoft (MSFT) reported fiscal third-quarter earnings on Friday, surpassing analysts' expectations for both the top and bottom lines. This was primarily due to the...

Meta AI push fails to excite market, shares drop by 16 percent, CWEB analyzes

Meta Platforms (META) revealed billions spent on artificial intelligence, and its stock value dramatically declined. CEO Mark Zuckerberg’s thrust into the upcoming field of...

Mizuho Securities Believe Fiserv Should Buy Shift4

Mizuho Securities analysts maintained their buy rating and a $156.00 price target for Fiserv (NASDAQ:FISV) amidst ongoing speculation about the possible acquisition of Shift4...

Williams-Sonoma Shares Surge 18 percent Following Q4 Beat

Williams-Sonoma (NYSE:WSM) shares climbed 18% intra-day today following the company's announcement of Q4 results that exceeded expectations. The retailer reported an EPS of $5.44,...

Citi Remains Bullish on AMD

Citi reaffirmed its Buy rating on AMD (NASDAQ:AMD) with a target price of $192, following an assessment of US Semiconductor stocks, focusing on February's...

American Airlines Stock Drops 4 percent on Updated Guidance

Shares of American Airlines (NASDAQ:AAL) dipped over 4% intra-day today following the airline's revision of its financial and operational outlook for Q1. American Airlines now...

Kohl’s Reports Q4 EPS Beat, But Revenues Miss

Kohl’s (NYSE:KSS) outperformed expectations in terms of earnings and gross margin for its Q4, though it presented a mixed picture with revenues and future...

Apollo in Discussions With Paramount Global Over Acquisition

Apollo Global Management entered into discussions with a special committee set up by Paramount Global (NASDAQ:PARA) to explore a potential acquisition or asset purchase. However,...

Oracle Stock Surges 11 percent Following Q3 Beat

Oracle (NYSE:ORCL) unveiled its Q3 earnings yesterday, surpassing expectations set by Wall Street analysts. The company highlighted significant new business achievements, attributing this success...

UK FCA to allow crypto exchange traded products, Bitcoin crosses $72,000

The Financial Conduct Authority (FCA), a UK regulator, said it would not object to requests from recognized investment exchanges to set up a market...

BMO Removes Adobe From its Top Pick List

BMO Capital recently reassessed Adobe Systems (NASDAQ:ADBE) following a creative cloud survey and consequently decided to remove the software company from its top pick...

Alphabet’s Review by MoffettNathanson

MoffettNathanson analysts took a close look at Alphabet (NASDAQ:GOOGL), especially considering the tech giant's shares have dipped 11% in relation to the S&P 500...

Netflix’s Price Target Raised at Oppenheimer

Oppenheimer analysts predict Netflix’s (NASDAQ:NFLX) initiatives, including enforcing stricter password sharing policies, launching ad-supported tiers, and refining subscription options, will fuel the streaming giant's...

Tesla’s Price Target Slashed at Deutsche Bank

Deutsche Bank analysts revised Tesla's (NASDAQ:TSLA) price target downwards to $218 from $250, while still recommending a Buy. The bank anticipates Tesla's first-quarter deliveries...

Choice Hotels Gains After Terminating Plans to Acquire Wyndham

Choice Hotels International (NYSE:CHH) shares gained around 5% intra-day today after the company revealed its decision to withdraw its proposal for acquiring all outstanding...

Costco Shares Plunge 7 percent Following Q2 Results

Costco (NASDAQ:COST) shares experienced a decline of more than 7% on Friday as the company's second-quarter revenue fell short of market expectations, partially due...

DocuSign Shares Gain 4 percent Following Q4 Beat

DocuSign (NASDAQ:DOCU) shares rose more than 4% on Friday after the company announced promising guidance for the upcoming quarter and exceeded expectations for its...

Gap Stock Gains 8 percent on Q4 Beat

Gap (NYSE:GPS) shares rose more than 8% on Friday following the announcement of their fiscal fourth quarter 2023 results, which exceeded analysts' expectations. The apparel...

Palantir’s Price Target Raised to $35 at Wedbush

Wedbush increased its price target for Palantir (NYSE:PLTR) to $35 from the previous $30, reiterating an Outperform rating for the company. The analysts highlighted...

Carvana Earns an Upgrade at RBC Capital, Stock Surges

RBC Capital Markets upgraded Carvana (NYSE:CVNA) from Underperform to Sector Perform, citing an improved risk-reward outlook. Shares gained more than 7% on Friday. The...

Costco reports higher earnings with gold, silver bars sale, shares fall after revenue miss

Costco reported higher than estimated earnings in the second quarter but posted revenue below market estimates, leading to a decline in the share price...

Hugo Boss stock crashes with weak sales outlook, shares fall by 13 percent

  Hugo Boss shares crashed by 13 percent after the company announced that it may fail to meet 2025 sales projections as customer demand is...

Shake Shack Gains 4 percent on TD Cowen Upgrade

Shake Shack (NYSE:SHAK) shares rose more than 4% in pre-market today after TD Cowen analysts upgraded the company to Outperform from Market Perform and...

NVIDIA’s Price Target Raised at Mizuho

Mizuho analysts increased their price target for NVIDIA Corporation (NASDAQ:NVDA) to $1,000 from the previous $850, while maintaining a Buy rating on the stock....

TripAdvisor to be Acquired by Apollo, Bloomberg Says

Apollo Global Management is reportedly considering a bid for Tripadvisor (NASDAQ:TRIP), the travel guidance company, according to a Bloomberg report. TripAdvisor has sought advice...

Micron Technology Raised to Buy at Stifel, Shares Gain 4 percent

Micron Technology (NASDAQ:MU) shares gained more than 4% pre-market today after Stifel analysts upgraded their rating from a Hold to a Buy, lifting the...

Three-decade old Walmart Canada celebrates YBM with birthday party with CEO

Walmart Canada has completed thirty years of serving customers in North America. It celebrated its Year Beginning Meeting (YBM) with Walmart CEO Doug McMillon....

Jefferies Keeps Microsoft as Their Top Pick

Jefferies analysts continue to favor Microsoft Corporation (NASDAQ:MSFT) as their top pick, reiterating a Buy rating and setting a price target of $465 for...

Tesla’s Price Target Slashed at Morgan Stanley

Morgan Stanley analysts revised downwards both the earnings forecasts and price target for Tesla (NASDAQ:TSLA), attributing the changes to a slowdown in electric vehicle...

CICC Still Bullish on NVIDIA

CICC analysts recently highlighted NVIDIA's (NASDAQ:NVDA) strong positioning within the AIGC (AI-Generated Content) domain, attributing this to its pioneering role in accelerated computing, along...

JD.com Shares Surge 18 percent Following Q4 Beat

Shares of JD.com (NASDAQ:JD) surged 18% intra-day today following the announcement that the Chinese e-commerce giant exceeded fourth-quarter revenue expectations and plans to expand...

CrowdStrike Stock Jumps 15 percent on Q4 Beat & Strong Outlook

CrowdStrike (NASDAQ:CRWD) stock soared more than 15% intra-day today following the announcement of its impressive fourth-quarter performance and outlook, which surpassed analysts' expectations. The...

Anheuser-Busch InBev loses more than $1 billion in sales after US boycott of Bud Light

On Thursday, Anheuser-Busch InBev reported record revenues for 2023. However, the company also acknowledged that it lost considerable sales in the US. The famous...

Philip Morris Slashed to Hold at Argus

Argus analysts adjusted their rating for Philip Morris (NYSE:PM) to Hold from Buy, highlighting ongoing product risks faced by the company. Philip Morris, known...

JetBlue & Spirit Terminate Merger

JetBlue Airways Corporation (NASDAQ:JBLU) and Spirit Airlines (NYSE:SAVE) terminated their $3.8-billion merger agreement, acknowledging that there was no feasible way to proceed after a...

BARK Stock Gains on Jefferies Upgrade

BARK (NYSE:BARK) shares rose more than 7% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target from...

U.S. Government Blocks AMD’s China-Specific Chip Sales, Shares Drop 2 percent

Shares of Advanced Micro Devices (NASDAQ:AMD) dropped around 2% in pre-market today following a report from Bloomberg News that the U.S. government has obstructed...

Target Stock Surges 8 percent on Q4 Beat & Strong Outlook

Shares of Target Corporation (NYSE:TGT) surged over 8% in pre-market today following the release of its Q4 results, with earnings per share (EPS) of...

Apple’s Review by Evercore ISI

Evercore ISI analysts maintained their Outperform rating on Apple (NASDAQ:AAPL) with a price target of $220 on the stock. The analysts highlighted Apple's December...

International Paper’s Rating Raised to Buy at BofA Securities

BofA Securities analysts upgraded International Paper Company (NYSE:IP) from Underperform to Buy rating, raising the price target from $37 to $42. The firm' upgrade...

Bath & Body Works’ Price Target Raised at UBS

UBS analysts increased their price target for Bath & Body Works (NYSE:BBWI) to $52 from $46 while keeping their Neutral rating unchanged. The analysts...

Ferrari Cut to Sell at Citi

Citi analysts slashed Ferrari's (NYSE:RACE) rating to Sell from Neutral due to valuation concerns. The bank appreciates Ferrari's high quality and growth potential but...

Boeing to Buy Spirit AeroSystems, WSJ Reports

Boeing (NYSE:BA) is reportedly in early talks to buy Spirit AeroSystems (NYSE:SPR), as per The Wall Street Journal. This move would reunite Boeing with...

Apple gets almost $2 billion fine from EU for breaking competitive laws

Apple has to pay a fine of nearly $2 billion for breaking European Union antitrust laws. The EU has imposed the first-ever fine of...

Samsung unveils prototype of wearable Galaxy Ring, with health features at MWC

In January, Samsung had teased its new wearable the Galaxy Ring at Galaxy Unpacked. On Monday, the South Korean tech giant released a prototype...

Walmart adds yet another upgrade to entice and serve its customers, leaving rivals behind

Walmart is the nation's largest retailer and does not rest on its laurels. It always looks at upgrades to satisfy its loyal customers and...

Figure AI startup raises $675 million from Bezos, Microsoft, Nvidia, Amazon, startup value reaches $2.6 billion

In an announcement on Thursday, figure AI, a startup building humanoid robots, has received hundreds of millions in funding from investors such as Jeff...

Hewlett Packard Enterprise Reports Weak Guidance

Hewlett Packard Enterprise (NYSE:HPE) disclosed its first-quarter results and softer-than-expected guidance, highlighting challenges in its networking sector. For Q1, HPE reported an adjusted EPS...

Flywire Cut to Equalweight at Morgan Stanley

Morgan Stanley analysts adjusted their rating on Flywire Corporation (NASDAQ:FLYW) from Overweight to Equalweight, though they raised the price target from $27 to $30....

Autodesk Stock Gains 7 percent on Q4 Beat

Autodesk (NASDAQ:ADSK) shares soared over 7% in pre-market today following the announcement of its Q4 results, which surpassed analyst expectations. The company also provided...
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