Carvana drops as JPMorgan cuts, says stock disconnected from fundamentals after 720% YTD rally
JPMorgan analysts downgraded Carvana (NYSE:CVNA) to Underweight from Neutral with a price target of $10 per share. The price target…
Dow futures rise ahead of PPI data; PepsiCo lifts FY forecast
U.S. stock futures rose Thursday, extending the previous session’s gains after cooler-than-expected inflation data raised expectations of an early end…
PepsiCo lifts annual forecasts again on price hikes, steady demand
(Reuters) – PepsiCo Inc on Thursday raised its annual revenue and profit forecasts for the second time, banking on resilient…
US FTC chair to face questions on court losses in congressional hearing
(Reuters) – Lina Khan, the progressive head of the U.S. Federal Trade Commission, goes before a Republican-led House committee on…
Tesla in talks with India to set up factory with up to 500,000 annual capacity – report
(Reuters) – Tesla has begun discussions with the Indian government for an investment proposal to set up a car factory…
5 big analyst picks: Morgan Stanley raised to Buy, Holley jumps on two upgrades
Morgan Stanley raised to Buy Odeon Capital upgraded Morgan Stanley (NYSE:MS) to Buy from Hold with a price target of…
Hollywood actors poised to strike, joining writers on picket lines
(Reuters) -Negotiators for Hollywood’s actors union unanimously recommended a strike after labor talks with studios failed to yield an agreement,…
Stocks around 2023 highs as disinflation signal brings some relief
(Reuters) – Global stocks traded around their highs for the year on Thursday as investors bet that the Federal Reserve…
European stocks mixed; weak U.K. economy dilutes positive sentiment
European stock markets traded in a mixed fashion Thursday as investors digested the softer-than-expected U.S. inflation data as well as…
Australia stocks higher at close of trade; S&P/ASX 200 up 1.56%
Australia stocks were higher after the close on Thursday, as gains in the Gold, A-REITs and IT sectors led shares…