Pre-Open Stock Movers 06/14: Oracle Jumps on Earnings, FedEx Up on Dividend Hike; Outset Medical Falls on FDA Product Hold (more...)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
Coinbase Global Inc. (COIN) PT Lowered to $61 at JPMorgan
June 16, 2022 9:43 AM EDTJPMorgan analyst Kenneth Worthington lowered the price target on Coinbase Global Inc. (NASDAQ: COIN) to $61.00 (from $68.00) while maintaining a Neutral rating.
The analyst comments "Late night and on the road, we reflect on Coinbases decision to eliminate 1,100 jobs. Based on the... More
Cowen on Netflix (NFLX): 'Ad-Supported Tier Implies Significant, Multi-Year Revenue Opportunity'
June 15, 2022 10:37 AM EDTCowen analyst John Blackledge reiterated an Outperform rating on Netflix (NASDAQ: NFLX)
The analyst comments " Our Cowen survey suggests a NFLX ad-supported tier could add ~4MM UCAN members in 23, above our current est. An ad tier could generate rev per member of... More
Baird Remains Buyers of FedEx (FDX) Following Favorable Strategy Shifts
June 15, 2022 6:51 AM EDTBaird analyst Garrett Holland reiterated an Outperform rating and $300.00 price target on FedEx (NYSE: FDX) after the company announced a 53% dividend hike and deal with D.E. Shaw to add two to the board, with a third later.
The analyst commented, "The announcement of... More
Wells Fargo Downgrades Continental Resources (CLR) to Equal Weight
June 15, 2022 6:44 AM EDTWells Fargo analyst Nitin Kumar downgraded Continental Resources (NYSE: CLR) from Overweight to Equal Weight with a price target of $82.00.
The analyst comments "Moving to the sidelines on low probability of a competing bid. We believe investors expect that the special committee of independent CLR Board members will find a competing (and potentially higher) bid for the ~17% shares or even the entire company.... More
Continental Resources (CLR) PT Raised to $78 at Credit Suisse, 'Shareholders will likely want a higher valuation more in line with peers'
June 14, 2022 2:04 PM EDTCredit Suisse analyst William Janela raised the price target on Continental Resources (NYSE: CLR) to $78.00 (from $64.00) while maintaining a Neutral rating.
The analyst comments "Shareholders will likely want a higher valuation more in line with peers. At $70/share, the offer price... More
Continental Resources (CLR) Deal Likely to Close says Stifel, 'We believe the transaction goes through'
June 14, 2022 11:36 AM EDTContinental Resources (NYSE: CLR) Deal Likely to Close says Stifel
Analyst Derrick Whitfield comments "Before the open, Continental announced that the Board has received a non-binding, take private proposal letter from Harold Hamm to acquire for cash all outstanding shares of common... More
Morgan Stanley Unenthusiastic on FedEx (FDX): 'none of this addresses the real pressures facing the business'
June 14, 2022 11:35 AM EDTMorgan Stanley analyst Ravi Shanker reiterated an Equalweight rating and $245.00 price target on FedEx (NYSE: FDX).
The analyst comments "W. While the market may welcome todays shareholder friendly actions, in our view none of this addresses the real pressures facing the business. A massive boost to cash return risks capitalizing pandemic gains that we think are highly likely to mean revert in... More
Citi on FedEx (FDX), 'see solid upside beyond today’s move'
June 14, 2022 11:33 AM EDTCiti analyst Christian Wetherbee reiterated a Buy rating and $270.00 price target on FedEx (NYSE: FDX).
The analyst comments "Ending several months of market discussion, FedEx announced an agreement with DE Shaw which includes the nomination of two new directors, a change in... More
Continental Resources (CLR) Gains on Hamm Takeover Bid, Which Is Seen as Too Low
June 14, 2022 11:09 AM EDTContinental Resources' (NYSE: CLR) stock rallied Tuesday after it was revealed the oil and natural gas producer has received a $70 per share take private bid from Chairman Harold Hamm, the company's founder and his family.
The businessman and his family already own approximately 83% of the... More
Cowen Puts the Continental Resources (CLR) Go-Private Offer in Context: 'not fully surprising'
June 14, 2022 10:11 AM EDTContinental Resources (NYSE: CLR)
Analyst David Deckelbaum comments "CLR is unique in several aspects. The company has always been closely held and consummating a full take-private has been mentioned previously as a viable alternative and is not fully surprising. Additionally, CLR is uniquely... More
RBC Sees Continental Resources (CLR) Commanding Higher Takeout Price 'especially in the current elevated commodity price environment'
June 14, 2022 10:08 AM EDTContinental Resources (NYSE: CLR)
Analyst Scott Hanold comments "We think it will take a higher price for existing shareholders, especially in the current elevated commodity price environment. The average consensus price target is $78-79/share. We forecast CLR's FCF generation at $6.5 billion... More
FedEx (FDX) Has New Day Dawning says Stephens
June 14, 2022 10:05 AM EDTStephens maintains Overweight on FedEx (NYSE: FDX), PT $285.00.
Analyst Jack Atkins comments "FedEx announced that it has reached a cooperation agreement with activist investor D.E. Shaw which will add three new investors to its Board of Directors, including... More
