FMP
Our Blogs
Nov 20, 2024 9:08 AM - Davit Kirakosyan
Walmart Surges 3% on Strong Q3 Results and Upgraded Annual Outlook
Walmart (NYSE:WMT) shares climbed 3% on Tuesday after the retail giant reported better-than-expected third-quarter results and raised its annual earnings guidance, highlighting continued momentum in its core markets. The company posted adjusted earnings per share (EPS) of $0.58 for the quarter, surp...
Nov 20, 2024 9:06 AM - Davit Kirakosyan
UBS Initiates Neutral Coverage on GlobalFoundries Amid Balanced Prospects and Risks
UBS analysts initiated coverage on GlobalFoundries (NASDAQ:GFS) with a Neutral rating and a $47 price target, highlighting a mix of opportunities and challenges for the semiconductor foundry. GlobalFoundries’ strong positioning stems from its diverse technology portfolio and manufacturing capacity c...
Nov 20, 2024 9:03 AM - Davit Kirakosyan
UBS Raises Lowe’s Price Target Amid Strong Long-Term Growth Potential
UBS analysts increased their price target for Lowe’s (NYSE:LOW) from $290 to $300 while maintaining a Buy rating, after the company reported its Q3 results yesterday. Lowe’s is positioned to benefit significantly from a rebound in big-ticket discretionary categories such as kitchen and bath remodels...
Nov 20, 2024 8:57 AM - Davit Kirakosyan
Stifel Downgrades DMC Global Amid Uncertainty and Market Challenges
Stifel analysts downgraded DMC Global (NASDAQ:BOOM) from Buy to Hold and lowered the price target from $16 to $8, citing unclear prospects for near-term upside and challenges in the company’s outlook. The downgrade reflects several concerns, including the retirement of CEO Michael Kuta and recent ch...
Nov 20, 2024 8:48 AM - Davit Kirakosyan
JPMorgan Upgrades Energizer to Neutral After Q4 Beat
JPMorgan analysts upgraded Energizer (NYSE:ENR) from Underweight to Neutral and raised the price target to $39 from $32, following the company’s Q4 beat yesterday. The analysts cited a more stable outlook for the company’s top-line and bottom-line performance. Energizer’s revenue momentum has accele...
Nov 20, 2024 8:39 AM - Davit Kirakosyan
UBS Raises Amer Sports Price Target Following Q3 Report
UBS analysts increased their price target for Amer Sports (NYSE:AS) from $24 to $27, maintaining a Buy rating, citing robust growth prospects for the company’s Arc’teryx brand and its expanding presence in China. Amer’s third-quarter performance bolstered confidence, with the company raising its fis...
Nov 20, 2024 3:00 AM - Gordon Thompson
Flux Power Holdings, Inc. (NASDAQ: FLUX) Faces Financial and Legal Challenges Ahead of Earnings Release
Flux Power Holdings, Inc. (NASDAQ: FLUX) is a company that specializes in developing advanced lithium-ion energy storage solutions for industrial applications. As it prepares to release its quarterly earnings on November 21, 2024, Wall Street anticipates an earnings per share (EPS) of -$0.13 and rev...
Nov 20, 2024 2:00 AM - Andrew Wynn
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Faces Challenges Ahead of Earnings Report
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is a company that specializes in security screening solutions, primarily focusing on advanced technology to detect threats. As a player in the security technology industry, EVLV competes with other companies offering similar solutions. On November 21, ...
Nov 20, 2024 1:00 AM - Alex Lavoie
Deere & Company (DE) Q4 Fiscal 2024 Earnings Preview
Deere & Company, listed on the NYSE as DE, is a leading manufacturer of agricultural, construction, and forestry machinery. As the company prepares to release its fourth-quarter fiscal 2024 earnings on November 21, 2024, investors are keenly observing the anticipated figures. Analysts predict an ear...
Nov 20, 2024 12:00 AM - Andrew Wynn
Baidu Inc. (NASDAQ:BIDU) Earnings Preview and Financial Analysis
Baidu Inc. (NASDAQ:BIDU) is a leading Chinese technology company known for its search engine services and AI innovations. As it prepares to release its quarterly earnings on November 21, 2024, analysts predict an earnings per share (EPS) of $2.46 and revenue of approximately $4.68 billion. The earni...
Nov 19, 2024 11:38 PM - Parth Sanghvi
China Funds Slash ETF Fees Amid Competitive Price War
Introduction China’s fund management industry is witnessing a fierce price war, with firms slashing ETF fees to attract a growing pool of investors. This move reflects the increasing competition in the nation’s booming ETF market, driven by a surge in demand for low-cost, passive investment produ...
Nov 19, 2024 11:38 PM - Parth Sanghvi
Seven & i Holdings: Founding Family's Buyout Plan Sparks Market Surge
Introduction Shares of Japanese retail giant Seven & i Holdings surged following reports that its founding family aims to complete a buyout within this fiscal year. This development highlights the growing influence of activist shareholders and could mark a significant shift in the company’s futur...
Nov 19, 2024 11:37 PM - Parth Sanghvi
Kadokawa Shares Surge 16% Amid Sony Acquisition Talks
Introduction Shares of Japanese entertainment giant Kadokawa Corporation skyrocketed by 16% following reports of acquisition talks with Sony Group. This potential deal has ignited excitement in the market, reflecting the growing consolidation trend in the entertainment and gaming sectors. Kado...
Nov 19, 2024 11:36 PM - Parth Sanghvi
Bitcoin Hits $94,000: A Historic Milestone in Cryptocurrency
Introduction Bitcoin has reached an unprecedented milestone, breaching the $94,000 mark for the first time. This surge reflects increasing investor confidence in cryptocurrencies amid growing adoption and institutional interest. Let’s explore the factors driving this rally and its implications fo...
Nov 19, 2024 11:35 PM - Parth Sanghvi
Microsoft: The Most Underowned Mega-Cap Tech Stock
Introduction Microsoft, a tech giant synonymous with innovation and stability, has been labeled as the most underowned mega-cap stock in recent analyses. Meanwhile, another tech company is drawing attention as the most overowned. Let’s delve into the dynamics of these trends and what they signal ...
Nov 19, 2024 11:35 PM - Parth Sanghvi
NVIDIA Earnings Take Center Stage Over CPI and Fed Decisions
Introduction NVIDIA, a leader in AI and semiconductor technology, is garnering more market attention than critical economic indicators like the CPI and Federal Reserve decisions. Barclays recently highlighted that NVIDIA's earnings could redefine market sentiment and steer investment strategies i...
Nov 19, 2024 11:34 PM - Parth Sanghvi
Goldman Sachs Joins Morgan Stanley in Predicting S&P 500 Surge to 6,500 by 2025
Introduction Goldman Sachs has joined Morgan Stanley in projecting a robust rally for the S&P 500, estimating the index will hit 6,500 by the end of 2025. This bullish outlook stems from expectations of resilient corporate earnings, sustained economic recovery, and robust sectoral performance, si...
Nov 19, 2024 11:33 PM - Parth Sanghvi
Wall Street Futures Decline Amid Escalating Russia-Ukraine Tensions
Introduction Wall Street futures slid as geopolitical tensions between Russia and Ukraine intensified, signaling potential market volatility. With the S&P 500, Nasdaq, and Dow Jones futures all reflecting downward pressure, investors are adopting a cautious approach as global markets brace for th...
Nov 19, 2024 11:33 PM - Parth Sanghvi
Asia Stocks Rally on Tech Gains as Investors Eye China’s LPR and Japan Inflation
Introduction Asian markets experienced a boost, led by gains in the technology sector and optimism surrounding China's Loan Prime Rate (LPR) decision. Japan's inflation trends also captured investor attention, hinting at potential shifts in monetary policy dynamics within the region. Key Marke...
Nov 19, 2024 11:32 PM - Parth Sanghvi
Wedbush Predicts Another Stellar Report from NVIDIA
Introduction NVIDIA is poised to deliver another "drop-the-mic" earnings report, according to Wedbush analysts. Investors eagerly await insights into its data center and AI-driven segments, which have fueled the company’s record-breaking performance in recent quarters. Key Highlights from Anal...
