Live Nation (LYV) has fallen around 7% so far Tuesday morning after news broke Monday after the market closed that the entertainment company could be in hot water with the Justice Department. While both Live Nation Entertainment Inc. and the Justice Department themselves chose to keep quiet on the matter, a source at Wall [...]
Adidas (ADDYY) is running in the right direction Monday morning after getting a double upgrade from Morgan Stanley analysts. A team led by Edouard Aubin moved their position from underweight up two notches to overweight, taking a bullish stance on the athleticwear and shoe brand. This comes after Aubin and his team noted an [...]
Monday: Wall Street started cautiously, awaiting key inflation data later in the week. The Dow dropped marginally by 0.03%, the S&P500 dipped slightly by 0.04%, and the Nasdaq saw a modest increase of 0.03%. Tuesday: The market remained choppy, with mixed results. The Dow decreased by 0.02%, the S&P500 rose by 0.1%, and the [...]
It’s been a tough stretch thus far through 2024 for Apple (AAPL), which is down more than 6% year-to-date. Meanwhile, the S&P 500 index is up 8%. So what’s going on with this stock, and should you be concerned as an AAPL investor? One analyst thinks it’s just a matter of investors not realizing [...]
Robinhood (HOOD) has been on a tear through 2024 so far, up more than 43% year-to-date fueled by an uptick in retail trading, particularly for Bitcoin. However, one analyst believes that this trend is poised to reverse and has changed his outlook from neutral to sell as a result. Citi analyst Christopher Allen says [...]
Monday was momentous because of the eclipse boosting hopes and dreams of disinflation, and Wednesday started with a downer because of higher-than-expected CPI data. The inflationary data came in hot, with every reading coming in above estimates, sending the market into a significant dip. Let’s dive into anticipation, the reaction, what it means, and [...]
Delta Air Lines (DAL) delivered first-quarter earnings that came in above what analysts were expecting thanks to strong travel demand for the quarter. Better yet for shareholders, the airliner expects this trend to continue into the quarters ahead. The company brought in revenue of $12.6 billion, a record for the first quarter, compared to [...]
British oil major British Petroleum (BP) is up against a few different challenges right now, ranging from currency fluctuations to a dramatic drop in price for oil and gas. These could take as much as $1.2 billion away from the bottom line in a worst case scenario. However, the company quelled investor fears by [...]
General Electric successfully completed the spin-off of its GE Power business just a few weeks back and listed GE Vernova as its own publicly traded company (GEV). Analysts are already hot on the stock as it received its first upgrade today by J.P. Morgan’s Mark Strouse. He moved his stance from hold to buy [...]
Monday: A mixed batch of economic data and a rise in treasury yields influenced the market on the first trading day. Wall Street ended with mixed results, with the Dow declining by 0.6%, the S&P500 slipping 0.2%, and the Nasdaq managing a slight uptick of 0.1%. Tuesday: Bond yields continued to climb, leading to [...]
