[ad_1] A major rally could be ahead of some stocks that are forming “golden cross” patterns heading into the year-end. A golden cross chart pattern forms when the 50-day moving average climbs above the 200-day moving average. Technical analysts typically understand the signal as a bullish pattern for stocks. With …
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[ad_1] Shares of CompoSecure could more than double from here as the FTX debacle spells a buying opportunity in crypto cold storage providers, according to JPMorgan. Analyst Reginald L. Smith has an overweight rating on CompoSecure, saying the crypto cold storage provider allows traders to take their cryptocurrencies offline and …
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[ad_1] Wall Street analysts broadly approved of Bob Iger’s return to Disney . Iger was reappointed as chief executive officer, effective immediately, after his successor, Bob Chapek, faced criticism for his handling of the company. Disney shares rose 8% in premarket trading Monday. They’re off 40% this year. As a …
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[ad_1] A weak housing cycle will hurt home furnishing retailers Williams-Sonoma and RH , according to Barclays. Analyst Adrienne Yih downgraded both stocks to equal weight from overweight. She also slashed her price targets on Williams-Sonoma and RH. “We are downgrading both WSM and RH on a weakening housing cycle …
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[ad_1] Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst’s …
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[ad_1] Shares of On Holding can surge more than 65% as more people on Wall Street get on board with the Swiss footwear sneaker company, according to Goldman Sachs. Analyst Richard Edwards upgraded shares to buy from neutral, but lowered his target price, saying investors can expect “rapid growth” from …
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[ad_1] It may be time to buy Comerica after its recent stock underperformance, according to Raymond James. Analyst Michael Rose upgraded shares to outperform from market perform. The analyst also has a price target of $85 per share on the financial services stock, which represents upside of roughly 21.6% from …
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[ad_1] Goldman Sachs named Amazon and Etsy as top stock picks heading into 2022 holiday season. Analyst Eric Sheridan expects growth will decelerate in the fourth quarter for retailers, as they deal with a longer and more promotional end-of-the-year period than normal. Companies are dealing with the effects excess inventory, …
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[ad_1] Rent the Runway is a “show-me story” for now, according to Morgan Stanley. Analyst Lauren Schenk downgraded shares to equal weight from overweight, and slashed her price target, citing data that points to a more challenging path ahead for the online retailer. “Recent data suggests a meaningful October slowdown …
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[ad_1] Shares of plastic packaging firm Berry Global Group are attractive and can rally more than 30% from here, according to Goldman Sachs. Analyst Adam Samuelson raised his price target on Berry Global Group, while maintaining a buy rating on the stock, saying shares continue to remain attractive on the …
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