Shares of the electric vehicle manufacturer Tesla subsidiary TSL rose sharply in premarket trading on Thursday. The uptrend is in line with the momentum of index futures, which rose sharply early Thursday. The optimism about the stock could be due in large part to the Fed’s 50 basis point cut in the benchmark interest rate, […]
CNBC’s “Mad Money” host Jim Cramer called Apple Inc. AAPL the “most vulnerable” among the Magnificent 7 stocks. What happened: Cramer identified Apple as the most vulnerable stock among the “Magnificent 7” ahead of the launch of the iPhone 16, CNBC reported Monday. In a statement on Sunday, Cramer expressed concerns about the valuation of […]
With trading in U.S. stock futures mixed on Thursday morning, the following stocks could be in investors’ focus today: Wall Street expects Best Buy Co., Inc. BBY is expected to report quarterly earnings of $1.16 per share on revenue of $9.24 billion before the market opens, according to data compiled by Benzinga Pro. Best Buy […]
JPMorgan Chase & Co. Analyst Christopher Horvers reiterated the “Overweight” rating for Ulta Beauty, Inc. ULTAwhich lowered the price prediction from $544 to $450. The company will report its results tomorrow after the market closes. Horvers lowered the second-quarter revenue forecast to unchanged, as most investors expect a result of -1%. The analyst has lowered […]
Key findings: Walmart sold its stake in JD.com at a time when its Chinese business is benefiting from a growing local preference for Costco’s warehouse-style shopping. JD.com continues to face strong competition in China’s tough e-commerce market as consumption in the country remains sluggish By Xiao Lin There are no eternal allies […]
This story was originally published on Benzinga India. Amazon.com Inc. Amazon has announced the launch of its artificial intelligence-based shopping assistant Rufus in India. This comes after the successful launch of Rufus in the United States six months earlier. What happened: Amazon expanded its AI shopping assistant Rufus to India on August 27. The move […]
Paramount Global PARA PARA saw a premarket decline on Tuesday, with Class A and Class B shares falling 3.06% and 4.68%, respectively, according to Benzinga Pro. This decline followed immediately on the heels of the end of the “go shop” period late Monday. What happened: The company’s board of directors announced that Edgar Bronfman, Jr., […]
One of the biggest media takeover battles has come to an end with Paramount Global, Inc. PARA PARA and confirmed late Monday that the “go-shop” period has ended. What happened: The special committee of the Paramount board said media veteran Edgar Bronfman, Jr informed her that the investor consortium he led had decided to withdraw […]
Deep-pocketed investors are optimistic about Walmart WMTand that’s something market participants shouldn’t ignore. Our monitoring of public options records at Benzinga revealed this significant move today. The identities of these investors remain unknown, but such a significant move in WMT usually indicates something big is about to happen. We gleaned this information from our observations […]
Walmart has recalled over 9,500 cases of its Great Value brand apple juice because levels of inorganic arsenic exceed FDA limits. Despite the extensive recall, Walmart’s share price rose 10% in August. Walmart’s positive earnings report on August 15 contributed to the stock’s rise. Walmart Inc WMT has recalled over 9,500 […]
