This report was sent to Briefing.com subscribers earlier today. Research calls posted earlier this morning are available here. Upgrades: > Canadian Tire Corporation (CDNAF) upgraded to Outperform from Market Perform at BMO Capital Markets > First Interstate Bancsystem (FIBK) upgraded to Overweight from Equal-Weight at Stephens; tgt lowered to $43 > Foot Locker (FL) upgraded to Outperform from Neutral at […]
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Gold futures recovered after early weakness and settled modestly higher on Tuesday as the dollar shed ground amid rising hopes the Fed will slow the pace of interest rate hike to 25 basis points on Wednesday. Gold prices fell sharply earlier in the session after the International Monetary Fund upgraded its forecast for world growth this year to 2.9% from […]
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All the top Wall Street firms that we follow here at 24/7 Wall St. keep a list for their institutional and retail clients of high-conviction stock picks. These are generally the companies they not only like for the longer term, but those that usually have big upside to the assigned target prices. Since the beginning of the year, many of […]
Read morevideo Hyundai, Kia owners face threat of theft due to social media challenge Police are warning Hyundai and Kia owners about a social media challenge that encourages people to steal these car brands and post videos of their joyrides. At least two major automotive insurers are refusing to protect certain Kia and Hyundai models because they lack anti-theft common in […]
Read morevideo Amazon, Tesla in better shape than investors think: Ray Wang Constellation Research founder Ray Wang reveals his top tech picks for 2023 on ‘Varney & Co.’ E-commerce giant Amazon is reportedly going to offload an office complex it has in the Bay Area of Northern California. The nearly 29-acre site is located in Milpitas, a city between Fremont and […]
Read morevideo Disney divided? Rich Greenfield analyzes Nelson Peltz taking on Bob Iger’s kingdom LightShed Ventures partner Rich Greenfield reacts to activist investor Nelson Peltz vying for a seat on Disney’s board as the media industry experiences a ‘dramatic change’ in viewing behavior. A group of unions said the Walt Disney World workers they represent should vote against the contract offer […]
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The fourth quarter of 2022 was relatively better for the stock markets, with the S&P 500 up over 7% (its only positive quarterly return for the year). Similarly, small cap stocks (Russell 2000 Index) also ended the fourth quarter with a return of 6.2%, but it wasn’t enough to save the index from its worst annual performance since 2008. Let’s […]
Read morevideo Stuart Varney: Biden’s economy is heading for trouble because of his policies FOX Business host Stuart Varney argues Biden’s economic remarks are a ‘distraction from his document fiasco.’ Bed Bath & Beyond edged closer to bankruptcy with a dire financial disclosure. The domestic merchandise retailer announced Thursday that it can't pay debt that suddenly came due when credit administrator […]
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Senate Majority Leader Chuck Schumer (D-NY) displays a placard showing WEE1 Tactical’s “JR-15” during a news conference on the marketing of rifles to children, at the Capitol in Washington, U.S., January 26, 2023. REUTERS/Kevin LamarqueWASHINGTON (Reuters) – A group of prominent Democratic U.S. senators including Majority Leader Chuck Schumer asked the Federal Trade Commission (FTC) on Thursday to open an […]
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