Shares of Walmart Inc. WMT looks like they are about to go up again. The stock seems to be breaking out. Breakouts are usually a positive development in the financial markets, which is why our team of trading experts chose Walmart as our stock of the day. Resistance is a large concentration of investors and […]
As Apple Inc AAPL prepares to launch the iPhone 16 on Monday, the biggest question for investors is pricing. JPMorgan analyst Samik Chatterjee stresses that “the pricing of the iPhone will be an important observation point, with premiumization expected for the less price-elastic high-end Pro models.” While the base models of the iPhone 16 and […]
Home Depot Inc HDone of the largest employers in the United States, plans to eliminate marijuana testing for prospective employees and stop drug testing for the majority of its workforce. The wholesaler, which employs about 400,000 people at more than 2,000 locations across the country, announced internally on Monday that marijuana would be removed from […]
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, […]
Shares of First Watch Restaurant Group Inc FWRG were under pressure after the company reported weak quarterly sales. According to Benchmark, the company holds a leading position in the daytime catering category and continues to grow. Analyst Todd Brooks began covering First Watch Restaurant Group with a buy recommendation and a price target of USD […]
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 […]
With the US Federal Reserve expected to cut interest rates in September, the food industry is ripe for consolidation. Accordingly Kevin DreyerCo-CIO of Value at Gabelli FundsLower interest rates generally stimulate M&A activity. “It’s important to note that falling interest rates tend to lead to an increase in M&A activity,” Dreyer told CNBC on Friday, […]
JD.com Inc. JD The stock has entered bearish territory, with a Death Cross a sign of a possible downturn. The e-commerce giant is down 1.16% year-to-date and 20.51% over the past year, although it has posted a slight uptick of 2.6% over the past month. The recent sell-off by Walmart Inc. WMT Adding to the […]
MichaelJacksonThe estate received the green light to sell half of the late pop star’s music catalog, valued at $750 million, to Sony Group Corp.‘S SONY Sony Music. The catalog, valued at about $1.5 billion, includes Jackson’s releases and recorded masters, Music Business Worldwide reported. The decision by the California Second District Court of Appeals rejected […]
In CNBC’s “Halftime Report Final Trades” Stephanie Link von Hightower said Home Depot, Inc.. HD reported better-than-expected gross margins for the last quarter, but posted weak sales results. On August 13, Home Depot reported mixed second-quarter results. HD reported second-quarter 2024 revenue growth of 0.6% year-over-year to $43.175 billion, narrowly missing the consensus estimate of […]
