Citi thinks O’Reilly Automotive will buck the broader weakness in the retail market. The bank upgraded the auto parts retailer to buy from neutral and raised its price target to $1,040 per share from $983. Citi’s new forecast suggests 15.9% upside for the stock from Wednesday’s closing price. “We think the recent pullback in the…
A close-up of a sign of Britain’s Metro Bank. Matthew Horwood | Getty Images LONDON — Shares of Britain’s Metro Bank were briefly suspended from trading twice early Thursday, in a volatile session that saw the stock shed more than 29% from the Wednesday close. They have since slightly pared losses. The halts followed reports…
Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the iPhone maker after KeyBanc downgraded the stock late Tuesday to sector weight from overweight. The firm said U.S. sales will likely struggle. The analyst behind the call, Brandon Nispel, wrote that he expects ”…
The Fluor Corporation logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Fluor Corporation — The engineering and construction company gained 2% after UBS upgraded Fluor shares to buy. The Wall Street firm is bullish on Fluor after reaching agreements to complete…
A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock’s 50-day moving average crosses below its 200-day moving average. It can be viewed as a sign that investors are bearish on a stock or that a stock’s momentum is weakening and…
Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Intel — Shares popped 2.5% after the chipmaker announced it would be operating its programmable chip unit as a standalone business complete. Intel plans to conduct an…
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through five percent in the next couple of weeks. “I don’t think we’re near the end of this move in the bond market,” the Bianco Research president told CNBC’s “Fast Money” on Tuesday. If the Federal Reserve hints…
Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on CNBC’s “Last Call” Tuesday, referring to the 10-year Treasury yield. “The market certainly is…
Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros are bullish on the sports apparel giant after Nike posted its fiscal first-quarter results last Thursday. The company missed Wall Street’s expectations for the first time in two years, coming in at $12.94 billion, versus the $12.98 billion anticipated by…
“Financial inclusion,” defined as individuals and businesses having access to useful and affordable financial products, has declined in the U.S., according to new industry research. The U.S. fell to fourth place, from second, this year in the second annual Global Financial Inclusion Index compiled by the Centre for Economics and Business Research in London and…
