NorthAmerica
Robinhood Markets Inc (NASDAQ: HOOD) is flying high on Friday after a Bank of America analyst issued a super bullish note in its favour. Robinhood stock could gain another 22%Craig Siegenthaler doubled upgraded the financial technology company this morning to “buy” and said its shares could climb to $24 which suggests another 22% upside from here. The analyst is positive on Robinhood stock as he expects retail activity to remain strong moving forward. His research note reads: Following the emergence of a new bull market last year, we have monitored a rebound in multiple metrics at Robinhood Ma...
Invezz
Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. $DXC partners with Ferrovial and MicrosoftThe multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus. The new generative artificial intelligence platform is expected to help organisations integrate “secure, responsible AI solutions to automate processes for improved profitability and efficiency”. Quercus will run on Azure while the responsibility of “evolving, maintaining, and commercialising” it will re...
Invezz
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) is down 20% after announcing a massive cut to its dividend on Friday. Cramer has confidence in $CBRL chief executiveThe chain of restaurants and gift stores trimmed its dividend by a whopping 80% to 25 cents a share this morning. Still, famed investor Jim Cramer is all praise for Julie Felss Masino – the chief executive of Cracker Barrel. On CNBC’s “Squawk on the Street”, he said today: She’s going to fix it. They had to slash the dividend because they needed to reapply that money to be able to make the stores look better. She’s going to rein...
Invezz
GameStop Corp (NYSE: GME) opened about 20% down on Friday after filing to sell additional shares in an at-the-market offering. How many shares does $GME plan on selling?The video gaming merchandise retailer plans on offering 45 million shares in total. What it plans on doing with the proceeds, however, remains unclear. $GME is opting for a stock sale shortly after a brief return of the meme stock craze that saw its shares trade at a high of about $65. But they crashed sharply after the short squeeze and are now trading at $22 and change. The massive gain in GameStop stock that lasted hardly fo...
Invezz
Akanda Corp (NASDAQ: AKAN) is in focus this morning after receiving a notice of non-compliance from Nasdaq. Akanda fails to satisfy the Nasdaq listing requirementsThe deficiency notification was issued to the international medical cannabis company because it failed to meet the “minimum stockholders’ equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1). $AKAN failed to satisfy the alternative compliance standards “based on market value of listed securities or net income from continuing operations” as well, a press release confirmed on Friday. Note that Akanda stock saw a massive de...
Invezz
Costco Wholesale Corporation (NASDAQ: COST) is trading at an all-time high after Uber Eats teamed up with the retail behemoth on Thursday. Details of Costco-Uber partnershipUsers can now have groceries and other merchandise delivered from Costco via Uber Eats. Members of the wholesale club will get better pricing as well as a 20% discount on Uber One. $COST is now trading at a forward price-to-earnings multiple of nearly 50 which makes it even more expensive than Nvidia at 36 only. And that’s when the semiconductor behemoth is expected to roughly double its earnings over the next year while Co...
Invezz
Walmart Inc (NYSE: WMT) announced plans of taking its data analytics platform global on Thursday. Shares of the retail behemoth are up 5.0% at writing. What is Walmart Luminate?Luminate was a result of a collaboration between Walmart and a third-party research firm called Dunnhumby in 2021. The data analytics platform is based out of Bentonville, Arkansas. According to $WMT: Mirroring the strategy used in the U.S., this will be a phased launch, starting with Shopper Behaviour followed by Channel Performance and Customer Perception. Note that Walmart Inc also reported its financial results for ...
Invezz
Analysts at Wolfe Research just replaced Nvidia Corp (NASDAQ: NVDA) with Advanced Micro Devices Inc (NASDAQ: AMD) on their list of top stocks for 2024. Why is AMD a better pick than Nvidia stock?The “tactical shift”, the investment firm told clients in a research note today, is based on “the relative move in stock prices YTD”. AMD stock is down more than 20% versus its year-to-date high while $NVDA is up close to 100% at writing. Wolfe replaced Nvidia stock also because they no longer expect Jensen Huang to deliver an exceptional beat in Q1 on May 22nd. Consensus is for the semiconductor behem...
Invezz
Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Why is Deere stock down on Thursday?The stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion. Analysts, in comparison, were at $7.5 billion instead. John C. May – the chief executive of Deere & Co said in a press release today: We’re proactively managing our production and inventory levels to adapt to demand changes and pos...
Invezz
Cisco Systems Inc (NASDAQ: CSCO) is pushing to the upside in extended hours on Wednesday after reporting market-beating financial results for its third quarter. Cisco stock rallies on upbeat guidance for Q4Investors are cheering also because the management issued upbeat guidance for the future. $CSCO now forecasts its revenue to fall between $53.6 billion and $53.8 billion on up to $3.71 a share of adjusted EPS in fiscal 2024. Analysts, in comparison, were at $53.14 billion and $3.67 per share, respectively. Chuck Robbins – the chief executive of Cisco Systems said in a press release today: Ou...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら