Pre-Open Movers: Bed Bath Crashes on Cohen Sale, Foot Locker Jumps on New CEO
- Stocks and yen struggle as tech troubles weigh
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
BofA Negative on HP Inc (HPQ), Dell Technologies (DELL) Ahead of Earnings
August 23, 2022 12:30 PM EDTBofA analyst Wamsi Mohan is negative on both Dell Technologies (NYSE: DELL) and HP Inc (NYSE: HPQ) shares ahead of their earnings releases.
Dell is set to report F2Q23 earnings after market close on Thursday, August 25th, while HP Inc is set to post F3Q22 earnings results on Tuesday, August 29th.
In a research note on Dell, Mohan said it has cut its F23 revenue... More
OSI Systems (OSIS) PT Raised to $115 at Oppenheimer
August 22, 2022 3:23 PM EDTOppenheimer analyst Christopher Glynn raised the price target on OSI Systems (NASDAQ: OSIS) to $115.00 (from $110.00) while maintaining an Outperform rating following recent results.
The analyst commented, "OSIS's ~$6.14 FY23 guidance midpoint compares to our prior $6.40 estimate ($6.36E consensus), with a challenged 1Q/timing and expected... More
Morgan Stanley Comments on General Motors (GM) Reinstating the Dividend/Buybacks
August 22, 2022 10:11 AM EDTMorgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $42.00 price target on General Motors (NYSE: GM).
The analyst comments "GMs stock reacted positively to the announcement of restoring a dividend and resuming buybacks, driving one of the stocks strongest single-day... More
23andMe (ME) Down 16% as CFO Schoch Resigns
August 19, 2022 11:58 AM EDT23andMe Holding Co. (NASDAQ: ME) is down more than 16.6% on Friday after Steven Schoch announced his intention to resign from the company as CFO effective September 1st, 2022. Schoch will remain employed by ME through September 30, 2022, during which time he will assist in the transition... More
Cowen Reiterates Outperform, $130 PT on Axsome Therapeutics (AXSM) Following FDA Approval
August 19, 2022 10:39 AM EDTCowen analyst Joseph Thome reiterated an Outperform rating and $130.00 price target on Axsome Therapeutics (NASDAQ: AXSM) following news that AXS-05 (Auvelity) has been approved for the treatment of MDD nearly one year after the therapy's initial PDUFA date.
The analyst... More
Bill.com Holdings Inc. (BILL) PT Raised to $200 at KeyBanc
August 19, 2022 9:24 AM EDTKeyBanc analyst Josh Beck raised the price target on Bill.com Holdings Inc. (NYSE: BILL) to $200.00 (from $150.00) while maintaining an Overweight rating following strong results.
The analyst commented, "Bill.com reported a HSD revenue beat and guided FY23 revenue to $965M, above our... More