U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.80%
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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
Atlantic Equities Downgrades salesforce.com (CRM) to Neutral
January 13, 2023 8:13 AM ESTAtlantic Equities analyst Peter Sazel downgraded salesforce.com (NYSE: CRM) from Overweight to Neutral with a price target of $140.00 (from $200.00).
The analyst comments "We are downgrading Salesforce to Neutral on execution concerns, the broad C-suite management exodus and a risk of slower-than-expected revenue... More
Bed Bath & Beyond (BBBY) could head for a meme squeeze - S3 Partners
January 12, 2023 10:38 AM ESTAfter Bed Bath & Beyond (NASDAQ: BBBY) shares jumped over 68% in Wednesday's session, S3 Partners Research analyst Ihor Dusaniwsky said in a note that if the stock continues to rally, we could see some near-term short-sellers exit their positions and start to realize the profits they earned in 2022.
However, the analyst warned that the crucial difference between BBBY and other crowded shorts is that there is a definite... More
