font size UBS analyst Timothy Arcuri raised the price target for Nvidia stock to $540 from $475, and kept the buy rating on the chipmaker. David Paul Morris/Bloomberg The volatile stock moves in recent weeks suggest that some investors are starting to worry about Nvidia’s valuation. It’s too early to take profits on stocks because…
US stock futures fell before the open on Tuesday as a week full of retail began to show continued consumer resilience in the United States, while China painted a bleak picture for the world’s second largest economy. Futures on the Dow Jones Industrial Average (^DJI) fell 0.8%, while the S&P 500 (^GSPC) lost about the…
font size Privately owned, Pittsburgh-based Esmark has announced an all-cash offer for United States Steel. Sean Gallup / Getty Images fight for United States Steel It rages on and investors aren’t sure what to do. On Monday afternoon, Pittsburgh-based Esmark held a private event announce Cash offer of $35 per share for US Steel (ticker:…
font size Campus of Johnson & Johnson in Irvine, California. Mario Tama/Getty Images It is a difficult time for investors Johnson & Johnson who need to decide soon about participating in it J&J’s $40 billion exchange offer To participate in Kinfu And J&J’s consumer health business went public in May. The offer expires on Friday,…
(Reuters) – Technology company Sea Ltd miscalculated its second-quarter revenue estimates on Tuesday as consumers halted spending on online and discretionary services, sending its U.S.-listed shares down 12% in pre-bell trade. Tepid spending amid a challenging macroeconomic outlook has put pressure on Sea Shopee’s e-commerce business and caused a sharp decline in its mobile games…
font size Home Depot reported second-quarter earnings that beat analyst estimates. Justin Sullivan/Getty Images Stock futures pointed lower on Tuesday as an increase in bond yields and growing concerns about the Chinese economy weighed on investor sentiment. Wall Street ended the previous session with gains, led by the best day in two weeks for technology…
summary While by no means a certainty, the possibility of the Fed engineering a so-called soft landing is at play. On a less impactful basis, insiders may formulate their own soft landing. For the better part of the month, internal sentiment data from Vickers Stock Research has been trending lower — driven somewhat by lower…
Home Depot stock fell in pre-market trading after its second-quarter earnings as investors looked forward to a more optimistic note from the usually solid retailer. Home Depot (HD) posted a slight edge in its second-quarter earnings report on Tuesday before the market opened up as consumers I spent less On expensive discretionary items and they…