[ad_1] Advanced Micro Devices Inc: “We’ve cut the position back for my Charitable Trust. … We’re happy and content to leave the rest and let it run up $8 today.” Medtronic PLC: “I can’t recommend it. … There are many better healthcare stocks out there.” Activision Blizzard Inc: “I actually …
Read More »This home electric vehicle charging stock can nearly double, Bank of America says in upgrade
[ad_1] The Inflation Reduction Act, recent share underperformance and an attractive valuation all make Wallbox a buy, Bank of America said Thursday. Analyst Alexander Virgo upgraded the Barcelona-based maker of home electric vehicle chargers to buy from neutral. The analyst did trim his price target on the stock to $10 …
Read More »Tapestry, WeWork, Rivian and others
[ad_1] Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its full-year forecast for the impact of the strong U.S. dollar and China’s Covid-19 restrictions. Tapestry …
Read More »Covid outbreak worsens in southern Chinese city of Guangzhou
[ad_1] Guangzhou city in the southern province of Guangdong is the hardest hit in the latest Covid outbreak. Pictured here are closed stores in part of the city on Oct. 31, 2022. Vcg | Visual China Group | Getty Images BEIJING — Covid infections are surging in the capital of …
Read More »Northern Oil and Gas is not a buy
[ad_1] Energy Transfer LP: “It’s got a nice yield. I do like the pipeline companies very much. ET’s a win.” Tellurian Inc: “I believe that it is a call option on natural gas.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help …
Read More »Cramer warns growth stocks could see ‘more horror’ after CPI release
[ad_1] CNBC’s Jim Cramer on Wednesday warned that growth stocks could take another beating if the October consumer price index reading shows that inflation is still running rampant. “If we get a steaming hot CPI reading, you’re going to see more horror on your screen, so that’s why people sold …
Read More »Bumble, Rivian, Dutch Bros, FICO and more
[ad_1] The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Mike Segar | Reuters Check out the companies making headlines in …
Read More »Phillips 66 is cutting 1,100 jobs — and returning billions of dollars to shareholders
[ad_1] New York CNN — Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed …
Read More »Energy security trumps the climate? London’s biggest IPO of the year is an oil company
[ad_1] London CNN Business — The world may be losing the fight against the climate crisis, but investors are still willing to throw money at oil and gas companies. That’s one lesson from the initial public offering on Wednesday of Ithaca Energy, a North Sea oil and gas producer — …
Read More »Stocks slip as control of Congress remains unclear
[ad_1] New York CNN Business — Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn’t necessarily happen. And now investors are seeing red on their trading screens Wednesday morning. Stocks dipped modestly after the opening bell, with the Dow …
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