Pre-Open Movers: Walmart Kills Retail on Warning, Shopify Down on 10% Worker Cut
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- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Rescue work underway after quakes rock Venezuela, 'high casualties' likely
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
Guggenheim Reiterates Buy Rating on Home Depot (HD) Following CEO Meeting, 'we also find it difficult to envision an EPS scenario below $14-15'
July 28, 2022 9:48 AM EDTGuggenheim analyst Steven Forbes reiterated a Buy rating and $350.00 price target on Home Depot (NYSE: HD).
The analyst comments ": Last week, we hosted a series of in-person meetings with a) Ted Decker President & Chief Executive Officer and b) Isabel JanciVice President, Investor Relations & Treasurer.... More
Goldman on Coinbase (COIN) Following Insider Trading: 'we believe investors will likely be concerned over the potential for elevated regulatory /compliance cost'
July 27, 2022 11:34 AM EDTGoldman Comments on Coinbase (NASDAQ: COIN).
Analyst Will Nance comments "The outcomes of the insider trading cases could have broad implications for the regulatory treatment of crypto. However, given the amount of uncertainty and general lack of agreement even among various... More
Stifel on Shopify (SHOP): 'we believe it is likely that the company will reduce the pace of its investments'
July 26, 2022 11:23 AM EDTStifel analyst Scott Devitt reiterated a Buy rating and {REMOVEPT} price target on Shopify (NYSE: SHOP).
The analyst comments "In this morning's memo, CEO Tobi Lütke suggested that the growth rate of U.S. eCommerce adoption, per the US Census Bureau, is returning to a similar trajectory as before the pandemic. Through the... More
Shopify (SHOP) is now down 16% on major job cuts
July 26, 2022 9:54 AM EDTShopify (NYSE: SHOP) is now down 16% on major job cuts.
... More