FedEx, Nvidia and Bumble rise premarket; First Republic, Credit Suisse fall
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- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- 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
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
FedEx (FDX) PT Raised to $242 at Stifel
March 17, 2023 1:23 PM EDTStifel analyst J. Bruce Chan raised the price target on FedEx (NYSE: FDX) to $242.00 (from $222.00) while maintaining a Buy rating.
The analyst commented, "As we previewed earlier this week, a soft operating environment in F3Q23 led to top line pressure at... More
Citi starts Bumble (BMBL) at Buy; says they have 'the right pieces in place to see improvements'
March 17, 2023 10:42 AM EDTCiti initiated coverage of Bumble, Inc. (NASDAQ: BMBL) with a Buy rating and $24.00 price target as the dating app continues to take share and new product features begin to take hold.
Bumble currently has one of the best growth rates within Citis internet coverage, with expected modest EBITDA margin expansion as well. Most importantly the core Bumble app has seen continued share gain within the online dating world, and recent product launches are leading to better conversion of paid users as well.
Analyst Ygal Arounian wrote in a note concerning Bumble,... More
