Leading company in the electric vehicle sector Tesla Inc TSLA has had a rocky start to 2024 with its shares falling after first-quarter deliveries fell short of estimates. Investors bet…
Category: Business Finance
Constellation Brands’ bullish earnings point to continued growth
Key points Constellation Brands is moving higher after a double beat in its fourth-quarter earnings report. The company cites increased beer sales as the main reason for the results as…
Fed interest rate cuts: forecast after new inflation data
The latest inflation data represented a setback to hopes of an interest rate cut at the Federal Reserve’s June meeting. Analysts at major banks changed their forecasts on the timing…
The Nasdaq jumps 250 points; Crude Oil Down 1% – Aptevo Therapeutics (NASDAQ:APVO), Eliem Therapeutics (NASDAQ:ELYM)
U.S. stocks traded higher late in trading, with the Nasdaq Composite rising more than 250 points on Thursday. The Dow rose 0.18% to 38,532.50 while the NASDAQ rose 1.63% to…
Fastenal: a dividend aristocrat for sale
Key points Fastenal had a tough quarter, but its diversified model delivered growth and solid cash flow. Dividends are safe and growing, a special dividend is possible and analysts support…
Analysts See Unsettled Future for North American Gas Prices and Improvements in Hard-Hit Stocks – Range Resources (NYSE:RRC), EQT (NYSE:EQT), Southwestern Energy (NYSE:SWN)
Scotiabank Analyst Cameron Bean changed his ratings on some North American natural gas companies following their revised forecasts on commodity prices and industry prospects. The analyst continues to expect congestion…
Is CarMax Stock a Smart Buy Now? Analyzing the latest drop
Key points CarMax struggled in the fourth quarter and revised its long-term target, sending the stock into buy territory. The market is range-bound after falling 50% from the highs and…
Deckers Outdoor Faces Slowing Direct-to-Consumer Growth, Analysts Downgrade Stock – Deckers Outdoor (NYSE:DECK)
Fiduciary Securities analyst Giuseppe Civello downgraded Deckers Outdoor Corp BRIDGE shares to hold to buy and cut price target to $864 from $983. The analyst wrote that Truist Card Data…
Analysts raise price targets as SMART Global warrants a 25% discount.
Key points SMART Global had a mixed quarter and weak outlook, but sequential improvements are expected for this semiconductor sector. SMART Global is well positioned for the decade-long AI upgrade…
Republican state senator’s new bill to resolve Alabama’s medical marijuana licensing stalemate is seen as ‘another delay’
State Senator Tim Melson (R) introduced a new medical marijuana law to help solve the ongoing licensing problem. Although medical marijuana was legalized in 2021 and the Alabama Medical Cannabis…