Netflix, Alphabet and PagerDuty rise premarket; Nordstrom falls
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Wall St indexes split, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Credit Suisse Comments on DOJ Civil Lawsuit Against Alphabet (GOOGL)
January 24, 2023 4:22 PM ESTCredit Suisse analyst Stephen Ju reiterated an Outperform rating and $128.00 price target on Alphabet (NASDAQ: GOOGL)
The analyst comments "This is a separate suit/matter versus the DOJs prior move to litigate Googles search business as a monopoly and focuses... More
PagerDuty (PD) to cut headcount by 7%; announces CRO transition
January 24, 2023 10:34 AM ESTPagerDuty, Inc. (NYSE: PD) announced today that the American cloud computing company will be eliminating some roles and creating new ones in high-talent, lower-cost areas. The action will result in a headcount reduction of 7%, impacting about 80 roles.
The changes come as part of the Companys ongoing actions to drive efficient growth and expand operating margins, the Company is advancing global scaling initiatives designed to increase the Companys capacity while improving its cost structure. The changes include reallocating certain roles and realigning teams to continue to improve operational resiliency and agility, and... More
Cowen cuts Costco (COST) as gas profits shrink
January 23, 2023 1:42 PM ESTCowen reiterated an Outperform rating on Costco Wholesale Corp. (NASDAQ: COST) and cut the price target for the stock to $600.00 (From $650.00) basted on the companys lower gross profit from gas sales. Costco continues to be Cowens best idea in 2023 due to the companys low-priced and curated... More
PagerDuty (PD) providing the backdrop for a strong pivot to profitability - Morgan Stanley
January 20, 2023 10:23 AM ESTPagerDuty, Inc. (NYSE: PD) shares were lifted to Overweight from Equal-Weight, with its price target raised to $36 from $32 at Morgan Stanley on Friday by analyst Sanjit Singh who stated that the company is "answering the call to drive better profitability."
PagerDuty shares jumped more than 4% following the... More