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Business

Semtech Shares Jump 3 percent Following Q4 Results

Semtech (NASDAQ:SMTC) experienced a more than 3% increase in its stock price in after-hours trading on Thursday following the announcement of optimistic guidance for the first fiscal quarter of 2025 and surpassing fourth-quarter 2024 revenue forecasts. In Q4, Semtech reported...

Target Stock Added to Fresh Money List at Deutsche Bank

Deutsche Bank analysts placed Target (NYSE:TGT) on the Fresh Money List, highlighting it as a key stock pick anticipated to show strong performance in the next 12 months. They point out Target's cautious 2024 outlook, which may lead to...

AMC Shares Plunge 14 percent on a New Equity Distribution Deal

AMC Entertainment Holdings (NYSE:AMC) saw its shares drop over 14% on Thursday following its announcement of a new equity distribution deal valued up to $250 million. The company plans to occasionally sell its Class A common stock under this...

Palantir Technologies Stock Drops 6 percent on Monness, Crespi, Hardt Downgrade

Palantir Technologies (NYSE:PLTR) stock plunged more than 6% on Thursday after Monness, Crespi, Hardt analysts downgraded the company to Sell from Neutral, setting a price target of $20. The analysts attributed the downgrade to Palantir's significant surge amid the...

Walgreens Boots Alliance Shares Gains 3 percent Following Q2 Results

Walgreens Boots Alliance (NASDAQ:WBA) shares rose more than 3% on Thursday after the company exceeded expectations with its second-quarter adjusted earnings per share (EPS) of $1.20, surpassing the analyst prediction of $0.82 by $0.38. The company's revenue hit $37.1...

Home Depot to Buy SRS Distribution

Home Depot (NYSE:HD) announced its intention to purchase SRS Distribution for $18.25 billion, in what is a significant move to expand its services to professional clientele, including contractors and roofers. This acquisition is a strategic effort by the retail...

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Google and Pinterest might be testing a new partnership. Analysts at CWEB have found a code string that suggests multiple Google ad units are being tested on the popular app Pinterest. Google has been considering supplementing its International business....

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Shares of DraftKings Inc.(DKNG) experienced a significant decline on Wednesday following an announcement by NCAA President Charlie Baker, who expressed his intention to prohibit collegiate proposition betting. This form of wagering, which enables gamblers to place bets on events...

Chick-Fil-A backtracks on NAE pledge, to use some antibiotics in chicken

Chick-Fil-A backtracked on its No Antibiotics Ever (NAE) policy that was made in 2014. The popular chicken sandwich chain announced it will use some antibiotics and follow another standard. It became another giant American company that flew away from...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy (NYSE:BE) to $16 from $18 but continued to recommend a Positive rating on the stock. The revision in estimates, mainly due to the timing of projects, precedes Bloom's Q1 earnings...

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