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Business

Lennar Corporation’s Earnings Exceed Expectations

Lennar Corporation reported earnings and revenue that exceeded analysts' forecasts, with an EPS of $3.45 and revenue of $8.77 billion. The company's revenue saw a...

La-Z-Boy Incorporated Surpasses Earnings and Revenue Estimates in Q4 Fiscal Year 2024

La-Z-Boy's EPS of $0.915 exceeded estimates, showcasing strong financial performance and operational efficiency. The company reported revenue of approximately $867 million, significantly surpassing estimated revenues. Strategic...

UBS Upgrades Teradyne to Buy, Signaling Strong Confidence

UBS upgraded Teradyne to a Buy rating from a previous hold, with an increased price target of $170 from $130. The upgrade reflects a positive outlook...

Accenture Quarterly Earnings Preview

Wall Street anticipates an EPS of 3.14 and revenue estimates of $16.57 billion for Accenture's upcoming earnings report. Despite a forecasted slight year-over-year decline, the...

NUBURU, Inc. Faces Reverse Stock Split Amid NYSE American Delisting Challenges

NUBURU, Inc. is undergoing a reverse stock split to potentially enhance its stock market price and meet the NYSE American listing requirements. The company is appealing...

Darden Restaurants, Inc. Quarterly Earnings Report Preview

Analysts predict a 1.6% rise in EPS to $2.62 and a 7.7% growth in revenue, reaching $2.98 billion. Improvements in menu offerings, digital initiatives, and...

Jabil Inc. Quarterly Earnings Preview

Jabil Inc. is set to release its quarterly earnings report, with Wall Street expecting an EPS of 1.85 and revenues of approximately $6.53 billion. The company...

SunPower Corporation Earnings Report Preview

SunPower Corporation is set to release its quarterly earnings with an anticipated EPS of -$0.26 and revenue estimates of $324.62 million. The company benefits from positive...

First Solar, Inc. Downgraded Amid Solar Industry’s Growth and Challenges

Janney Montgomery downgraded First Solar, Inc.to Neutral from Buy, setting the stock price at $261.33. The downgrade reflects a broader context of the solar industry's...

CarMax’s Price Target Cut at Mizuho Ahead of Q1 Earnings

Mizuho analysts lowered their price target for CarMax (NYSE:KMX) to $72 from $75, while maintaining their Neutral rating on the stock, ahead of the...

Levi Strauss Gains 2 percent After TD Cowen’s Price Target Raise

Levi Strauss (NYSE:LEVI) shares rose more than 2% pre-market today after TD Cowen analysts raised their price target on the company to $26 from...

Best Buy Stock Gains 4 percent Following UBS Upgrade

Best Buy (NYSE: BBY) saw its shares climb over 4% yesterday following an upgrade from UBS analysts, who raised the company's rating from Neutral...

Loop Capital Boosts Price Target for Netflix

Loop Capital analysts increased their price target for Netflix (NASDAQ:NFLX) to $750 from $700, maintaining their Buy rating on the stock. The analysts noted that...

Apple’s Price Target Boosted to $245 at JPMorgan

JPMorgan analysts increased their price target for Apple (NASDAQ:AAPL) shares to $245 from $225, citing potential EPS growth driven by an AI-fueled iPhone upgrade...

Lennar Beats Q2 Estimates, But Shares Drop 2 percent on Weak Home Delivery Guidance

Homebuilder Lennar Corporation (NYSE:LEN) reported Q1 results that surpassed Wall Street's expectations, despite a decline in home prices due to the impact of higher...

Wedbush Upgrades Microsoft Corporation to Outperform

Wedbush upgraded Microsoft Corporation to Outperform with a price target of $550. Microsoft's strategic focus is on artificial intelligence (AI) in Japan, with a substantial investment...

Toll Brothers Inc. Receives New Price Target from Goldman Sachs

Susan Maklari of Goldman Sachs sets a new price target for Toll Brothers Inc. at $124, indicating a potential increase of approximately 3.92%. The grand...

Owens Corning Receives New Price Target from Goldman Sachs

Goldman Sachs sets a new price target of $187 for Owens Corning, indicating a potential upside of approximately 5.9%. Owens Corning outperforms its industry peers...

Recent Developments in Louisiana-Pacific Corporation 

Goldman Sachs downgraded Louisiana-Pacific Corporation from a Buy to a Sell rating, impacting its market perception. Zacks Investment Research highlighted LPX for trading near its...

Wedbush Analyst Sets Bullish Price Target for The Trade Desk 

Wedbush analyst Scott Devitt has set a bullish price target of $110 for The Trade Desk, indicating a potential upside of about 15%. The Trade...

RH Maintains “Hold” Rating Amid Financial Struggles

Loop Capital Markets maintains a "Hold" rating on RH but lowers its price target from $350 to $230, reflecting cautious optimism. RH's revenue decline from...

AMC Networks Plunge 28 percent After Announcing $125 Million Convertible Notes Offering

Shares of AMC Networks (NASDAQ:AMCX) fell over 28% intra-day today after the company announced plans to offer $125 million in convertible senior notes due...

Morgan Stanley Maintains Bullish Stance on Dell

Morgan Stanley analysts reiterated their Overweight rating on Dell (NYSE:DELL) with a price target of $155 on the stock. Currently, shares are up more...

Cantor Fitzgerald Raises Micron Technology Price Target Ahead of Earnings Report

Cantor Fitzgerald analysts increased their price target for Micron Technology (NASDAQ:MU) stock to $180 from $150, maintaining an Overweight rating. The analysts anticipate that...

Loop Capital Lowers Restoration Hardware Price Target Following Earnings Miss

Loop Capital analysts reduced their price target for Restoration Hardware (NYSE:RH) stock to $230 from $350, while maintaining their Hold rating. The analysts noted...

BMO Capital Maintains Market Perform Rating on Oracle, Raises Price Target to $160

BMO Capital analysts maintained their Market Perform rating on Oracle (NYSE:ORCL) stock and increased their price target to $160 from $142. The analysts highlighted...

eBay’s Buy Rating Maintained at Benchmark

Benchmark analysts reiterated their Buy rating on eBay (NASDAQ:EBAY) stock with a price target of $58, noting that despite a challenging end to 2023,...

Why does CVS have the most generic drugs recall in US? CWEB reports

  CVS Health Corp. (CVS) has the dubious distinction of having the most generic drugs recalled for multiple reasons. Although competitors such as Walgreens have...

Steelcase Inc. Quarterly Earnings Preview

Steelcase Inc. is set to announce its quarterly earnings with an EPS estimate of $0.1 and expected revenue of $729.12 million. The company has launched Ocular™...

Barrett Business Services, Inc. Announces Stock Split and Continues Strong Performance

Barrett Business Services, Inc. plans a stock split, offering 4 shares for every 1 share owned, set for June 24, 2024. The company has consistently...

Perspective Therapeutics Announces Reverse Stock Split

Perspective Therapeutics, Inc. has announced a 1-for-10 reverse stock split effective June 17, 2024, aiming to consolidate shares and potentially increase stock attractiveness to...

VS Media Holdings Limited Announces Reverse Stock Split

VS Media Holdings Limited has announced a 7-for-1 reverse stock split to adjust shares and boost the market price. The reverse stock split is part...

CWEB curates sizzling offers from Keurig, Crocs, Paris Jewelry, XMicro, Samsung, Microsoft, Organic Greek at Walmart

Walmart (WMT) has launched its summer sale, and there are sizzling offers and deep discounts from Paris Jewelry, Microsoft, XMicro, Samsung, Organic Greek, Crocs,...

Waystar Holding Corp. Makes Its Market Debut

Waystar Holding Corp. launched its IPO at $21.50 per share, introducing 44.1 million shares to the public. The company's shares opened at $21, below the IPO...

Planet Fitness Receives Price Target from D.A. Davidson

Linda Bolton Weiser of D.A. Davidson sets a price target of $62 for Planet Fitness , indicating a potential downside. Planet Fitness announces a $280...

Duolingo Inc. Receives Optimistic Price Target

Wyatt Swanson of D.A. Davidson sets a price target of $250 for Duolingo Inc., indicating a potential upside of approximately 26.31%. Duolingo's market position and...

UBS Upgrades Tutor Perini Corporation to Buy

UBS upgraded Tutor Perini Corporation) to "Buy,"  indicating a positive outlook on the company's stock. Tutor Perini's stock has seen a modest uptick, outperforming the...

Lovesac Co. Price Target Update and Q1 Fiscal 2025 Performance Review

Thomas Forte of D.A. Davidson has updated the price target for The Lovesac Co. to $32, indicating a potential increase of about 21.86%. Lovesac reported net...

Barclays Maintains Confidence in Adobe Inc. with Overweight Rating

Barclays raises Adobe Inc.'s price target from $630 to $650, reflecting optimism about the company's future and its AI integration strategies. Adobe reports adjusted earnings...

Vertical Research Upgrades Ryder System, Inc. to “Buy”

Ryder System, Inc. receives a "Buy" rating from Vertical Research, highlighting confidence in its future performance. The company's Investor Day reveals a focus on accelerating profitable...

Zscaler’s Outperform Rating Maintained at BMO Capital

BMO Capital analysts reiterated their Outperform rating on Zscaler (NASDAQ:ZS) with a price target on the stock of $208. Shares are up more than...

Truist Securities Boosts Belden’s Price Target

Truist Securities analysts raised their price target for Belden (NYSE:BDC) to $119 from $101, while maintaining a Buy rating on the stock. The analysts...

Ovintiv Earns an Upgrade at Evercore

Evercore ISI analysts upgraded Ovintiv (NYSE:OVV) to Outperform from In Line, setting a price target of $60, and noting that despite Ovintiv's relative performance...

Monness Crespi Hardt Downgrades Datadog to Sell, Shares Fall Slightly

Datadog (NASDAQ:DDOG) shares fell more than 1% pre-market today after Monness, Crespi, Hardt analysts downgraded the company to Sell from Neutral, setting a price...

Shopify Stock Gains 2 percent Following Evercore Upgrade

Shopify (NYSE:SHOP) shares rose more than 2% pre-market today after Evercore ISI upgraded the company to Outperform from In Line, setting a price target...

Adobe Shares Surge 15 percent on Q2 Beat & Strong Outlook

Adobe Systems (NASDAQ:ADBE) exceeded expectations in its second-quarter results and provided optimistic earnings guidance despite a challenging environment for enterprise software. As a result,...

Tesla shareholders vote in favor of Elon Musk pay package, Musk unveils ambitious future plans, web fans applaud

Tesla (TSLA) shareholders, including ordinary and institutional shareholders, voted in favor of Elon Musk retaining his $56 billion package. Elon Musk also unveiled ambitious...

eBay expands payment options by launching digital platform Venmo on site, app, CWEB reports

eBay Inc. (eBay) recently announced on its site that it is adding Venmo as a payment method at checkout on its platform. The popular...

Lennar Corporation Quarterly Earnings Report Preview

Earnings per Share (EPS) Estimate: Analysts have set the EPS estimate at $3.20. Revenue Growth: Revenue for the quarter is projected to reach approximately $8.52...

New Price Target for Amphenol Corporation (APH) Suggests Growth

Amit Daryanani of Evercore ISI has set a new price target for Amphenol Corporation at $75, indicating a potential upside of about 9.19%. Amphenol has...
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