Best Buy, Abercrombie, Urban Outfitters rise premarket; Dollar Tree, Zoom fall
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- S&P 500, Nasdaq rise in choppy trading as tech steadies, Micron results in focus
- Brent hits lowest since before start of Iran war on expectations of smoother oil flows via 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
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- 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
- UBS Reiterates Buy Rating on Snowflake Inc. (SNOW)
Investors should 'take the risk' in Walgreens Boots Alliance (WBA) - Cowen
November 22, 2022 11:52 AM ESTCowen upgraded Walgreens Boots Alliance (NASDAQ: WBA) to Outperform from Market Perform, raising its price target on the stock to $54 from $43 in a research note Tuesday.
Analyst Charles Rhyee told investors the stock has an attractive risk-reward, and WBA's "transformation into a healthcare services business accelerates and op inc mix shifts away from US retail."
"We believe this is a non-consensus call, with... More
Abercrombie & Fitch surges on third-quarter beat, 'cautiously optimistic' outlook
November 22, 2022 9:30 AM ESTAbercrombie & Fitch Co. (NYSE: ANF) stock surged nearly 16% in pre-open trading Tuesday after beating on the top and bottom line for the third-quarter and posting its highest third-quarter net sales since 2014.
The retailer posted a revenue decline of 3% to $880 million, but that easily... More
Best Buy (BBY) stock jumps on Q3 beat, raised guidance
November 22, 2022 8:37 AM ESTBest Buy (NYSE: BBY) shares gained over 8% in pre-open trading Tuesday following better-than-expected third-quarter results and raised guidance.
The retailer posted non-GAAP EPS of $1.38, down from $2.08 last year, but better than the consensus of $1.03. Meanwhile, revenue fell 11.1% from last year to $10.59 billion but again... More
