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Sep 16, 2024 1:00 AM - Andrew Wynn
FedEx Corporation (NYSE:FDX) Quarterly Earnings Report: A Critical Economic Indicator
FedEx Corporation (NYSE:FDX) is on the brink of revealing its quarterly earnings report, a moment that Wall Street and investors are keenly awaiting. With expectations set at earnings of $4.87 per share and projected revenue of $21.99 billion, the stakes are high. FedEx, a global leader in transport...
Sep 15, 2024 8:00 PM - Alex Lavoie
Oracle Corporation's Price Target Raised by Jefferies
Brent Thill of Jefferies has recently adjusted the price target for Oracle Corporation (NYSE:ORCL) to $190, up from its previous target of $170. This new target suggests a potential upside of 17.26% from the current trading price of $162.03, as reported on September 15, 2024. This optimistic revisio...
Sep 15, 2024 4:00 PM - Tony Dante
Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Analysis: A Deep Dive into Financial Metrics and Market Position
Sound Financial Bancorp, Inc. (NASDAQ:SFBC) is a key player in the banking sector, with a history dating back to 1953. As a bank holding company for Sound Community Bank, it offers a broad spectrum of banking and financial services, including savings and deposit accounts, as well as various loan ser...
Sep 15, 2024 4:00 PM - Tony Dante
Today's Top Stock Pick: PubMatic, Inc. (NASDAQ:PUBM)
Today's top stock pick, PubMatic, Inc. (NASDAQ:PUBM), showcases a unique investment profile that has caught our attention for several reasons. PubMatic operates in the digital advertising sector, providing a platform that enables real-time programmatic advertising transactions. This industry is high...
Sep 15, 2024 7:00 AM - Danny Green
Financial Efficiency in the Biopharmaceutical Sector: A Closer Look at Kronos Bio, Inc. and Peers
Kronos Bio, Inc. (NASDAQ:KRON) and its peers in the biopharmaceutical sector are navigating a challenging financial landscape, as evidenced by their Return on Invested Capital (ROIC) and Weighted Average Cost of Capital (WACC) metrics. These companies, primarily engaged in the development of novel t...
Sep 15, 2024 7:00 AM - Gordon Thompson
M&T Bank Corporation (NYSE:MTB) Financial Efficiency Analysis
M&T Bank Corporation (NYSE:MTB) and its closest peers have been analyzed based on their Return on Invested Capital (ROIC) and Weighted Average Cost of Capital (WACC), revealing insights into their financial efficiency and capital allocation. M&T Bank, a prominent player in the banking sector, faces ...
Sep 15, 2024 7:00 AM - Danny Green
Celularity Inc. (NASDAQ:CELU) Shows Promising Financial Growth and Strategic Initiatives
Celularity Inc. (NASDAQ:CELU), a clinical-stage biotechnology company, has been making significant strides in the field of regenerative and cellular medicine. Specializing in off-the-shelf placental-derived allogeneic cell therapies, Celularity aims to revolutionize the treatment of cancer, immune, ...
Sep 14, 2024 4:00 PM - Andrew Wynn
Citigroup's "Buy" Rating on Uber Technologies Inc. Highlights Confidence in Strategic Direction
Citigroup's reaffirmation of a "Buy" rating on Uber Technologies Inc. (NYSE:UBER) underscores the financial institution's confidence in the company's strategic direction, particularly following its expanded partnership with Waymo. This collaboration is seen as a significant positive development, pot...
Sep 14, 2024 3:00 PM - Alex Lavoie
Marathon Petroleum Corporation (NYSE:MPC) Receives Upgrade from UBS Despite Price Target Cut
Marathon Petroleum Corporation (NYSE:MPC), a leading player in the oil and energy sector, recently caught the attention of UBS analysts, leading to an updated investment stance. UBS upgraded MPC to a Buy rating, albeit with a reduced price target of $189, down from $213. This adjustment reflects UBS...
Sep 13, 2024 6:07 PM - Alex Lavoie
CFRA Adjusts Boeing's Rating Amidst Strike Challenges
On Friday, September 13, 2024, CFRA adjusted its stance on Boeing (NYSE:BA), changing the grade to Sell. Despite this reiteration of the Sell rating, the action recommended by CFRA remains a hold. At the time of this announcement, Boeing's stock was priced at $156.77. Further details were shared in ...
Sep 13, 2024 9:34 AM - Davit Kirakosyan
Adobe Stock Drops 8% After Q3 Results Beat Estimates but Q4 Guidance Falls Short
Adobe (NASDAQ:ADBE) reported its fiscal third-quarter results on Thursday, surpassing analysts' expectations, but its guidance for the upcoming quarter fell short of forecasts, leading to a drop in its stock price of more than 8% pre-market today. The company posted earnings of $4.65 per share on re...
Sep 13, 2024 9:31 AM - Davit Kirakosyan
Oracle Shares Surge 6% to Record High
Shares of Oracle Corporation (NYSE:ORCL) surged more than 6% pre-market today driven by the company’s optimistic outlook for future revenue growth fueled by demand in artificial intelligence. The stock hit a new all-time high, continuing its upward momentum after reporting strong quarterly earnings ...
Sep 13, 2024 9:28 AM - Davit Kirakosyan
Barclays Downgrades Garmin to Underweight, Shares Fall 2%
Garmin Ltd. (NYSE:GRMN) shares fell more than 2% pre-market today after Barclays analysts downgraded the company to Underweight from Equalweight, lowering the price target to $133 from $181. The downgrade is based on concerns that Garmin's current valuation is overly extended. Long pointed out sever...
Sep 13, 2024 9:21 AM - Davit Kirakosyan
Sempra Energy Reaffirmed at Outperform by Mizuho, With Confidence in LNG Strategy
Mizuho analysts reaffirmed their Outperform rating for Sempra Energy (NYSE:SRE), maintaining a price target of $88 on the stock. Following investor meetings in Boston and Toronto with Sempra’s CFO Karen Sedgwick, the analysts noted the company’s confidence in managing challenges related to the ECA d...
Sep 13, 2024 9:16 AM - Davit Kirakosyan
Mizuho Lowers Airbnb Price Target to $170, Citing Aggressive Growth Expectations and Focus on Affordability
Mizuho analysts lowered their price target for Airbnb (NASDAQ:ABNB) to $170 from $175 while maintaining an Outperform rating on the stock. The analysts highlighted several factors influencing the revised target: first, the projected 8% room night growth for Q4 2024 may be overly optimistic, particul...
Sep 13, 2024 9:11 AM - Davit Kirakosyan
Evercore Upgrades Borr Drilling to Outperform, Shares Rise 3%
Borr Drilling (NYSE:BORR) shares rose more than 3% pre-market today after Evercore ISI analysts upgraded the company from In Line to Outperform, setting a price target of $9.00. The upgrade is based on improved revenue and cash flow visibility for Borr Drilling, supported by the strength of the ongo...
Sep 13, 2024 12:09 AM - Gordon Thompson
BMO Capital Upgrades American Tower Corporation (NYSE:AMT) to Outperform
BMO Capital's recent upgrade of American Tower Corporation (NYSE:AMT) to Outperform, with a revised price target of $260, reflects a strong vote of confidence in the company's future prospects. American Tower, a leading player in the telecommunications infrastructure industry, operates a vast networ...
Sep 13, 2024 12:04 AM - Alex Lavoie
Caleres Inc. (NYSE:CAL) Earnings Report Highlights
On Thursday, September 12, 2024, Caleres Inc. (NYSE:CAL), a prominent footwear company known for owning brands like Famous Footwear and Allen Edmonds, reported its earnings before the market opened. The company's revenue for the quarter was approximately $683.3 million, which did not meet the expect...
Sep 12, 2024 11:05 PM - Tony Dante
Citigroup Adjusts Stance on Wells Fargo & Company
Citigroup's recent adjustment of its stance on Wells Fargo & Company (NYSE:WFC) to a "Neutral" grade reflects a cautious approach towards the stock. This recommendation, suggesting investors to hold rather than buy or sell, comes at a time when Wells Fargo faces significant regulatory challenges. Th...
Sep 12, 2024 10:00 PM - Andrew Wynn
Big Lots Earnings Report Highlights Key Financial Challenges and Strategic Shifts
On Thursday, September 12, 2024, Big Lots, a discount home goods retailer, reported its earnings before the market opened, revealing an earnings per share (EPS) of -8.04, which was significantly below the estimated -3.71. Despite this, the company's revenue for the period was approximately $1.05 bil...
