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Home Depot is one of the retail stocks worth buying after the sector’s latest sale. Stefani Reynolds / AFP / Getty Images Text size Tolstoj wrote that all happy families are equal. The same could be said of the retail stocks worth buying after the sector’s latest sale: Each of them is likely to circumvent … Read More “5 retail stocks worth seeing and 1 to avoid” »
Text size DocuSign reported first-quarter earnings well below Wall Street’s estimate. Tiffany Hagler-Geard / Bloomberg DocuSign (ticker: DOCU) shares are significantly lower in late trading on Thursday after the e-signature firm lowered its guidelines for fiscal year 2023. DocuSign ‘s the business thrived during the pandemic but has been slower in the last few quarters. … Read More “The DocuSign store falls on Cut to Outlook” »
Text size Analyst Pamela Kaufman lowered her price target to $ 50 from $ 54. Illustration by Joel Arbaje Altria Group the stock fell on Wednesday after Morgan Stanley warned of rising headwinds for the cigarette industry. Analyst Pamela Kaufman downgraded her rating of the cigarette company to Underweight from Equal Weight and lowered her … Read More “Altria Stock is downgraded by Morgan Stanley. Gas prices are partly to blame.” »
Text size Alibaba and other Chinese technology stocks have been put down under regulatory pressure. Greg Baker / AFP via Getty Images Alibaba and other Chinese technology stocks roared louder Wednesday as a wave of video game approvals from regulators in China boosted sentiment in the sector. China’s gaming regulator on Tuesday turned green on … Read More “Alibaba stock jumps to 2-month high. Thanks for the video game.” »
The double whimsy of rising mortgage rates and soaring house prices has led to “collapsed” affordability in America, according to Chris Flanagan’s team at Bank of America Global Research. The situation has become so dire that it can now be compared to the “historically low readings” of the fourth quarter of 1987 and the first … Read More “Affordability in housing has ‘collapsed’ in 2022 and that is the next thing one can expect, according to Bank of America” »
Text size Meta Platforms follows a number of high-profile companies that have changed their ticker symbols. Fabrice Coffrini / AFP via Getty Images Meta platforms , formerly known as Facebook , takes the final step to decisively losing its former identity on Thursday. The company will start trading under the ticker symbol “META”, leaving behind … Read More “Facebook parenting meta-platforms to change ticker. What it means for the stock.” »
Text size Shopify is the latest technology company to split its shares. Dreamstime The share split trend continues. Shopify (ticker: STORE ) shareholders on Tuesday approved a 10-to-1 split, along with the issuance of a new “founding share” cementing CEO Tobi Lütke’s control of the Ottawa-based e-commerce software company. According to the share split, shareholders … Read More “Shopify shareholders approve 10-to-1 share split” »
Investors are once again working up to bet against GameStop and AMC about 18 months after last January’s infamous “meme stock” short squeeze sent GameStop shares up more than 1,000%. That move was so sharp that it eventually got Robinhood HOOD, -4.28% and other retail brokerage firms to restrict trading – a decision that led … Read More “Short sellers raise bets against GameStop and AMC to the highest level in a year as Wall Street sees more pain ahead” »
Pension schemes and other institutional investors embrace a federal proposal that would force hedge funds and private equity funds to provide more information to investors. University scholarships, insurance funds and pension funds serving teachers and firefighters are urging the Securities and Exchange Commission to move forward with a proposed rule that will ensure private fund … Read More “Pension funds are pushing for more disclosure rules for private equity, hedge funds” »
Text size Dreamstime Micron technology the stock fell in pre-market trading on Friday after the memory chip maker received its first sales-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgraded Micron (ticker: MU ) to Underweight from Neutral last Friday, citing concerns over the company’s oversized exposure to consumer markets that will struggle amid … Read More “Micron stock falls after downgrade. Why the analyst fears the consumer.” »
