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 […]
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 […]
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 […]
ether Co-founder Vitalik Buterin has publicly affirmed his personal conviction in ether ETH/USD as a store of value. What happened: This statement is in response to ongoing discussions about the Ethereum team’s reluctance to promote the monetary aspects of ETH. Buterin’s comment: “If I didn’t believe in ETH as a SOV, I wouldn’t hold ∼90% […]
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 […]
Apple Inc. AAPL has reportedly laid off around 100 employees from its services division. What happened: On Tuesday, Cupertino informed the affected employees who were part of various services under the Senior Vice President Eddy QueueBloomberg reported, citing people familiar with the matter. These job cuts primarily affected the teams responsible for the Apple Books […]
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 […]
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., […]
