Tag Archives: Stock markets

[ad_1] Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of …

[ad_1] Paramount Global: “Too cheap to believe. … I don’t know where it bottoms, but it sure isn’t close to the top.” Hasbro Inc: “I don’t like the earnings, and I think that Mattel‘s actually cheaper.” Citigroup Inc: “The book value is so different from where the common stock is, …

[ad_1] CNBC’s Jim Cramer on Wednesday told investors that they should take gloomy economic commentary from bank executives with a grain of salt.  “Don’t panic the next time you hear one of these bank CEOs say something terrifying — they don’t know the impact of their words,” he said, adding, …

[ad_1] A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell 42.9% after Carvana’s largest creditors signed an agreement to negotiate together with the company. …

[ad_1] Piedmont Lithium is a best idea for 2023, according to Cowen. Analyst David Deckelbaum gave the emerging lithium producer an outperform rating, saying the stock could surge more than 60% next year on the back of strong commodity prices, and several North American projects. “PLL is positioned for a …

[ad_1] Travel companies could be in trouble with a recessionary period could likely on the horizon, according to Wolfe Research. Analyst Deepak Mathivanan downgraded the online travel sector to market underweight from market weight, citing a potential demand decline as the economy contracts. That means a worse outlook for big …

[ad_1] Check out the companies making headlines before the bell: Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenue also beat consensus and the food producer said its results were helped by strong pricing, improved productivity and supply chain …

[ad_1] Tesla needed to lower prices amid sliding demand this year — and that may not be the end of the cuts going forward, according to Bernstein. Analyst Toni Sacconaghi, a longtime bear on the electric car maker, reiterated his underperform rating on the stock and lowered his fourth-quarter and …

[ad_1] After a tough year, Morgan Stanley sees even more downside for Airbnb . Analyst Brian Nowak downgraded the short-term home rental stock to underweight from equal weight. He also slashed his price target to $80 per share from $110. The new target implies downside of 14% from Tuesday’s closing …

[ad_1] Nu Holdings Ltd: “I’ve got U.S. financials, which until last Friday were just coming in with a head of steam. And I still like them and I would be a buyer of them, not that.” SGHC Limited: “It is shocking where it is. … It has come down so …