Times News Network
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 RBC now sees the S&P 500 rise to 4,700 by the end of the year. SNEEZE The S&P 500 has just got a new lower price target. But that does not mean that investors need to panic – at least not right away. Strategists at RBC Capital Markets are now watching S&P 500 … Read More “S&P 500 gets a new price target. What it means for the market.” »
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 Intel Dreamstime Shares of Intel fell on Wednesday when Citi said its bear case scenario “takes shape even earlier” than expected. Analyst Christopher Danely reiterated a neutral rating on the stock and now expects Intel (ticker: INTC ) to negatively pre-announce or miss second-quarter guidance, given management’s comments at a Bank of America … Read More “Intel Bear Case comes ‘Even earlier’ than expected. Analyst remains neutral.” »
When Hao Jia received an email from Coinbase that his job offer had been withdrawn, he was on his way to see “Top Gun: Maverick,” the big movie starring Tom Cruise. Jia’s girlfriend had asked him to see it for her because she was in China, where the film has not been released, and could … Read More “‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase and are now unemployed” »
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” »
