Investors may want to stay away from Nike as near-term headwinds weigh on the sports retailer, according to Jefferies. Analyst Randal Konik downgraded the apparel giant to hold from buy. He also lowered his price target by $40 to $100, which suggests roughly 10.1% upside from Friday’s close. “We see incremental risk ahead for NKE…
Generative AI advancements can help Microsoft bounce back from its recent losses, according to Guggenheim. Analyst John DiFucci upgraded the stock to neutral from sell, saying the “potential monetary benefit from Generative AI is too strong a force to contend with” despite the company’s recent underperformance. The analyst removed his price target on the stock…
Customers experience the new Mate 60 Pro smartphone at a Huawei-branded store in Shanghai, China, September 5, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese telecommunications and smartphone giant Huawei didn’t reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday. Instead, the company teased…
Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the new features of the iPhone and how its sales will affect the stock. After its release to stores on Friday, crowds flocked to stores in China to buy the latest version of the smartphone…
A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters Check out the companies making headlines in midday trading. Ford — Shares popped about 3% in midday trading after a CNBC report said both Ford…
Susan Collins, president of the Federal Reserve Bank of Boston, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Thursday, March 30, 2023. Ting Shen | Bloomberg | Getty Images Two Federal Reserve policymakers expressed support Friday for keeping interest rates elevated as the battle against too-high…
A paramedic prepares doses of AstraZeneca vaccine for patients at a walk-in COVID-19 clinic inside a Buddhist temple in the Smithfield suburb of Sydney on August 4, 2021. Saeed Khan | AFP | Getty Images Check out the companies making headlines in early trading. AstraZeneca — Shares of the British pharmaceutical company gained more than…
Market Movers rounded up the latest reactions on Cisco Systems from investors and analysts. The pros, including Jim Cramer , discussed the all-cash deal as Splunk ‘s stock rocketed more than 20% following the announcement that Cisco will acquire it for $157 per share, or about $28 billion. The CEOs of Cisco and Splunk joined…
A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Cisco Systems, Splunk — Shares of Cisco fell 4.2% Thursday after the company said it is acquiring cybersecurity software…
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023. SAUL LOEB | Getty The Federal Reserve stayed put on Wednesday but forecast it will raise interest rates one more time this year, according to the central…
