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 […]
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 […]
Walmart Inc. WMT Shares are trading higher in premarket trading on Wednesday. On Tuesday, the retail giant announced several new initiatives ahead of the holiday season. Initiatives include category expansion, multi-channel order fulfillment and new features to simplify cross-market selling. The company announced the expansion of the Premium Beauty, Secondhand and Collectibles categories. In addition, […]
ExxonMobil Corporation XOM is reportedly planning to sell conventional oil reserves in the Permian Basin that could be worth $1 billion. The company plans to shift its focus to expanding shale production after completing the $60 billion acquisition of Pioneer Natural Resources Co. in May, Bloomberg reported. Read: Report: Exxon Mobil cuts staff after merger […]
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 […]
Oil and Natural Gas Company (ONGC) has started production of its fifth oil well in the KG-DWN-98/2 block. What happened: The company made the announcement in a stock exchange filing on Sunday. “On August 24, 2024, ONGC achieved a significant milestone by commencing production from its fifth oil well in Block KG-DWN-98/2 Cluster-2,” the company […]
Walmart Inc. WMT Shares are trading higher in the morning session on Wednesday. Retail and consumer discretionary stocks are trading higher after Target company TGT reported strong second-quarter results and raised its earnings forecast. Adjusted quarterly earnings per share were $2.57 (+40%), beating the Street view of $2.20. Target reported revenue of $25.45 billion (+2.7%), […]
