Why some analysts think investors should buy Nike after its latest earnings report

Nike shares are trading at an attractive entry point even as the sportswear giant faces a slew of macro headwinds and extra inventory, some Wall Street analysts say. Nike on Thursday shared results after the bell that beat top and bottom line estimates , but the stock slumped more than 9% as the company outlined … Read more

Citi’s top stock strategist expects a market risk-on rally in the fourth quarter

The stock market should see better days ahead as it heads into the end of the year, according to Citi. On Thursday, the stock market erased gains it made in the prior session, while bond yields moved higher. Wednesday’s rally came after the S & P 500 made a new low for the year. “We … Read more

Apple, CarMax, Bed Bath & Beyond and more

Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening consumer demand. CarMax (KMX) – … Read more

UK’s mini budget leads to market turmoil forcing intervention from Bank of England – Expert Ajay Bagga analyses action

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Wells Fargo initiates coverage of Coinbase with an underweight rating

A challenging economic environment will pressure shares of Coinbase going forward, making now a good time to sell, according to Wells Fargo. The firm on Thursday initiated coverage of the cryptocurrency company with an underweight rating and a $57 price target, implying that shares will fall more than 15% from where they closed Wednesday. The … Read more

Bank of America downgrades Apple, says weak consumer will cause stock’s outperformance to end

Shares of Apple are running out of room to grow in the near-term, according to Bank of America. The bank on Thursday downgraded the tech giant to neutral from buy and cut its price target on the stock to $160 to $185, citing the stock’s recent outperformance and incremental risk to earnings and valuation in … Read more

China’s central bank PBOC warns against yuan speculation

The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week. “Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate,” the … Read more

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 29th September 2022

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Biogen, Thor Industries, Lyft and more

Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen soared 45.6% in premarket trading after Biogen and Japanese partner Eisai said their experimental Alzheimer’s drug dramatically slowed the disease’s progression in a study, reducing cognitive and functional decline by 27%. Thor Industries (THO) – Thor Industries gained 3.6% in the premarket … Read more

Investors favor dividend payers and value stocks as market hits new bear low, CNBC survey shows

With the market turmoil raging on, the majority of Wall Street investors are now favoring dividend-paying stocks and value names into the end of the year, according to the new CNBC Delivering Alpha investor survey. The S & P 500 hit a new bear market low on Monday, taking out its prior low in June … Read more