Here are Wall Street’s biggest calls on Tuesday: KBW downgrades banks to market weight from overweight KBW said in its downgrade of the banking sector that it’s getting ahead of any further moves by the Federal Reserve, and that lower rates means less profitability for banks. “Positive EPS revisions most notable in early 2022 as … Read more
A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images LONDON — Retail investors haven’t been frightened away by the comedown in stocks this year. In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey … Read more
Nohemi Gonzalez‚Äö√Ñ√¥s mother, Beatriz Gonzalez, and her step-father, Jose Hernandez, talk about memories of Nohemi during a service to mark the anniversary of her death in Long Beach, CA on Sunday, November 13, 2016. Scott Varley | Orange County Register | Getty Images The Supreme Court on Monday stepped into the politically divisive issue of whether tech … Read more
Nohemi Gonzalez‚Äö√Ñ√¥s mother, Beatriz Gonzalez, and her step-father, Jose Hernandez, talk about memories of Nohemi during a service to mark the anniversary of her death in Long Beach, CA on Sunday, November 13, 2016. Scott Varley | Orange County Register | Getty Images The Supreme Court on Monday stepped into the politically divisive issue of whether tech … Read more
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney has reached a deal with activist investor Dan Loeb’s Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said … Read more
Onur Dogman | Lightrocket | Getty Images Facebook parent company Meta said it took down two unconnected networks of accounts based in China and Russia for seeking to influence political narratives in the U.S. and Europe. The platform regularly searches for and removes accounts it believes to have violated its policy against coordinated inauthentic behavior. … Read more
What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged more than 20% in March 2020 at the start of the Covid-19 pandemic in … Read more
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on … Read more
Here are the biggest calls on Wall Street on Friday. BMO upgrades Domino’s to outperform from market perform BMO said in its upgrade of Domino’s that the stock is now too attractive to ignore. “Against the backdrop of lowered near-term expectations, we see attractive risk/reward reflecting 1) a favorable demand outlook as indicated by our … Read more
Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it’s bullish on the company’s weight loss drug and sees upside potential. “With these events in the rear-view mirror, we now view LLY as being the most attractive name in our large cap coverage, with … Read more