Check out the companies making headlines before the bell. Birkenstock — The shoe company jumped 3.5% after UBS upgraded shares to buy from neutral. The investment bank cited higher average sales prices and strong growth in the Asia market. Chewy , GameStop — Shares of Chewy soared more than 16% after regulatory filing showed meme…
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube Shares of Chewy popped in premarket trading Monday after a Securities and Exchange Commission filing showed meme stock trader “Roaring Kitty” took a stake in the pet food e-commerce retailer. The filing showed Roaring Kitty, whose legal…
Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. Fierce competition in China’s new energy vehicle market, which includes battery- and hybrid-powered cars, has increasingly forced automakers to cut prices and add features if they are to survive. Many of…
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell’s annual rebalancing. “It’s worth paying attention to value,” the firm’s…
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty Images JPMorgan Chase and Morgan…
Check out the companies making headlines in midday trading. Nike — The athletic apparel giant plummeted 19% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Nike also reduced its full-year outlook. Trump Media & Technology — Shares of Trump Media & Technology…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. The legendary investor, who’s turning 94 in August, converted 8,674 of his Berkshire Class A…
Check out the companies making headlines before the bell. Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. The company now estimates that fiscal 2025 sales will fall in the…
HANGZHOU, China — Apple‘s mixed-reality headset began deliveries in China on Friday with a retail price roughly 18% higher than in the U.S. The device starts at 29,999 yuan ($4,128) in China, compared with a $3,500 retail price in the U.S. When asked by CNBC, a customer surnamed Chen in Beijing said his suggestion to…
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024. Honor HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of Chinese smartphone company Honor, George Zhao, told CNBC in…
