Check out the companies making headlines before the bell. Apple — Shares declined 1.4% after Jefferies downgraded the megacap tech company to hold from buy, saying near-term expectations for the iPhone 16 and 17 are too high after weaker-than-expected initial demand. Apple’s AI capabilities leading to an accelerated smartphone replacement cycle is a “premature” catalyst,…
One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA). He leads the company’s investing and business development. “High yield bonds and preferred stocks……
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent…
Check out the companies making headlines before the bell. Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Summit…
Check out the companies making headlines in midday trading. EVgo — Shares soared 55% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst Bill Peterson pointed to EVgo’s utilization rate compared to peers as well as its owner-operator model.…
Revolut CEO, Nikolay Storonsky (L) and Meta CEO, Mark Zuckerberg. Reuters British financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who fall victim to scams via its social media platforms. A day after Meta announced a partnership…
Check out the companies making headlines before the bell. Wolfspeed – The semiconductor stock fell nearly 5% following a downgrade to underperform from neutral at Mizuho. The firm sees pricing for silicon carbide – a semiconductor material used in electric vehicles – being down about 10% to 20% year-over-year in 2025. Mizuho also cited lower…
Check out the companies making headlines in midday trading. Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Deliveries came in at 462,890, versus a FactSet estimate of 463,310. Nike — The athletic apparel and footwear stock lost 6% after Nike withdrew its full-year guidance and…
People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Hugo Hu | Getty Images That’s because these funds mostly invest in Chinese equities that trade on the Hong Kong Stock Exchange or U.S. exchange-listed companies that are headquartered or incorporated in China. Mainland Chinese markets,…
Check out the companies making headlines before the bell. Humana – Shares plunged more than 22% after the healthcare company announced dire preliminary Medicare Advantage data for 2025. The company said in an 8-K filing that 25% of its members are currently enrolled in plans rated 4 stars and above for next year, which is…
