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Business

GM shares rise premarket trading as automaker exceeds forecasts, raises outlook, CWEB analyzes stock

General Motors (GM) posted strong results on Tuesday, and its shares rose by 5 percent in premarket trading. The US automaker exceeded forecasts and...

Alphabet, Meta and Microsoft are all set to report later this week. CWEB analysts analyze the stock trend.

The tech-heavy Nasdaq 100 and the S&P 500 rose above 5,070, with the latter adding 1.5%. Nvidia Corp., the poster child of the AI...

Surgery Partners’ Buy Rating Maintained at Citi Ahead of Q4 Earnings

Citi analysts maintained their Buy rating and a price target of $43.00 on Surgery Partners (NASDAQ:SGRY) ahead of the company’s upcoming fourth-quarter 2023 results,...

Coinbase Global’s Price Target Raised to $250 Following Q4 Beat

H.C. Wainwright analysts increased their price target for Coinbase Global (NASDAQ:COIN) to $250 from $115, while continuing to recommend a Buy rating. The analysts highlighted...

Medtronic Shares Climb Following Q3 Beat

Shares of Medtronic (NYSE:MDT) climbed more than 3% pre-market today following the announcement of third-quarter results that exceeded analyst expectations, prompting the company to...

Home Depot Falls on Weak Guidance

Home Depot (NYSE:HD) unveiled its fourth-quarter earnings, posting an EPS of $2.82, which surpassed the analysts' prediction of $2.77. The company's quarterly revenue was...

Discover Financial Stock Surges 14 percent on Capital One’s Acquisition

Capital One Financial Corporation (NYSE:COF) and Discover Financial Services (NYSE: DFS) have officially announced their agreement for Capital One to acquire Discover through an...

Watch: Alphabet launches new AI Gemini Pro 1.5, Google DeepMind developed the new model

Alphabet released an upgrade Gemini Pro 1.5 two months after launching its AI Gemini Ultra. Although it is a smaller model, Google DeepMind, which...

Watch: Walmart posts Q4 results, exceeds analysts estimates, share price rises eight percent

Walmart has posted excellent results in the last quarter of the year. Although the giant retailer was expecting a good holiday quarter, the sales...

Wayfair Earns an Upgrade at Raymond James

Raymond James analysts upgraded Wayfair (NYSE:W) to Strong Buy from Market Perform, setting a price target of $65 for the stock. The analysts conveyed...

UPS Gains Following Baird Upgrade

Baird analysts raised their rating on UPS (NYSE:UPS) from Neutral to Outperform, pointing to a favorable risk/reward ratio and the expectation that the current...

Loop Capital Starts Coverage of Nvidia, Expects Stock to Hit $1,200

Loop Capital started covering Nvidia (NASDAQ:NVDA) stock, assigning a Buy rating and a price target of $1,200, the highest among current Wall Street predictions. Loop...

Walmart President’s Day sale offers major price drop up to 80 percent on jewelry, electronics

Walmart's President's Day sale is live, and the giant retailer is offering significant price drops in several categories, such as jewelry, TVs, electronics, home...

True Religion exploring sale after maximalist Y2K era style jeans brand reemerges, report says

True Religion, a jeans maker founded during the Y2K era, has seen growth in the past year after emerging from two bankruptcies. According to...

Starbucks opens new cafe with accessible design, inclusive store caters for customers, employees with disabilities

Starbucks opened an inclusive store for customers and employees with disabilities. The new cafe has an accessible design, ambient lights and sound, and lower...

Yelp Shares Fall 10 percent on Weak Outlook

Yelp (NYSE:YELP) disclosed its financial performance for the fourth quarter, delivering a mix of results with revenue slightly beating analyst predictions but earnings per...

DraftKings Reports Q4 EPS Beat, Raises Guidance

DraftKings (NASDAQ:DKNG) announced its financial results for the fiscal fourth quarter and adjusted its financial outlook upwards for the year 2024. The company outperformed with...

Dropbox Shares Plunge 13 percent on ARR and Paying Users Decline Worries

Dropbox (NASDAQ:DBX) unveiled its fourth-quarter financial results, achieving a slight revenue outperformance but experiencing a significant drop of more than 13% pre-market today in...

DoorDash Drops 7 percent Despite Q4 Beat

DoorDash (NASDAQ:DASH) exceeded expectations with its fourth-quarter adjusted earnings and provided a positive outlook, driven by a significant increase in orders that fueled revenue...

Coinbase Shares Surge 15 percent After Blockbuster Q4 Earnings

Coinbase (NASDAQ:COIN) exceeded Wall Street's expectations for its fourth-quarter earnings, driven by a surge in activity following the approval of spot-Bitcoin exchange-traded funds (ETFs)....

Similarweb Raised to Buy at Citi

Citi analysts raised the rating of Similarweb (NYSE:SMWB) from Neutral to Buy and increased the price target to $10 from $6. This upgrade follows...

HubSpot Shares Gain on Q4 Beat & Strong Outlook

HubSpot's (NYSE:HUBS) shares experienced a surge of over 2% pre-market today, following the company’s fourth-quarter report which exceeded Wall Street's earnings and revenue expectations. The...

Fastly Shares Plunge 20 percent on Guidance Miss

Fastly's (NYSE:FSLY) shares plummeted more than 20% pre-market today following the announcement of a less favorable earnings outlook for the first fiscal quarter of...

Cleveland-Cliffs Slashed at Morgan Stanley

Morgan Stanley analysts changed Cleveland-Cliffs' (NYSE:CLF) rating from Overweight to Equalweight, adjusting the price target to $20 from $21.50. The analysts explained the downgrade acknowledging...

Cisco Drops 3 percent on Guidance Cut

Cisco Systems (NASDAQ:CSCO) announced on Wednesday a reduction in its full-year forecast and provided weaker guidance for the current quarter, alongside revealing a restructuring...

UK based The Body Shop collapses into administration, thousands might lose jobs

The UK business of The Body Shop has collapsed into administration. The high street retailer was one of the pioneering firms embodying sustainable products...

Microsoft wins exemption for Bing, Edge, convinces EU antitrust regulators

Microsoft has convinced EU regulators that its Bing search engine, or Edge browser, cannot be considered a gateway for businesses to reach end users....

Dollar Tree’s Price Target Raised at Evercore

Evercore ISI analysts increased their price target for Dollar Tree (NASDAQ:DLTR) to $155 from $153 while keeping their In-Line rating. The analysts noted the initiation...

Akamai Technologies Drops 7 percent Following Q4 Results

Akamai Technologies (NASDAQ:AKAM) experienced a 7% decrease in its share price intra-day today, following the company's release of fourth-quarter results that fell short of...

Zillow Shares Gains 6 percent Following Q4 Beat

Zillow (NASDAQ:ZG) experienced a surge of over 6% in its share price intra-day today, following the announcement of its fourth-quarter earnings. The company exceeded...

Nvidia’s Q4 Earnings Preview by Citi

In anticipation of Nvidia's (NASDAQ:NVDA) earnings announcement on Feb 21, Citi analysts highlighted the continued robust demand for artificial intelligence (AI) for the company,...

Upstart Shares Drop 22 percent on Outlook Miss

Upstart Holdings (NASDAQ:UPST) announced fourth-quarter revenues that surpassed analyst predictions, yet its shares plunged over 22% intra-day today due to first-quarter outlook significantly below...

Walmart in talks to buy smart tv manufacturer Vizio for $2 billion, WSJ report says

  Walmart, the nation's largest retailer, is in talks to buy Vizio, a manufacturer of intelligent televisions, for over $2 billion, according to a report...

Hershey says cocoa inflation may raise prices, reports fourth quarter results

Hershey reported that its confectionery sales rose by 2.1 percent as prices increased; however, it reported lower sales volume. The fourth quarter report released...

Amazon Prime Video gets exclusive deal on NFL playoff next season

Amazon has signed an exclusive deal with the National Football League (NFL). It has obtained streaming rights for a playoff game next season. Amazon...

Pinterest reports disappointing revenue in fourth quarter, projects weak outlook, shares crash

Pinterest reported disappointing revenue while reporting its fourth-quarter results. Although the company beat earnings estimates, it also issued a weak forecast, leading to a...

Walmart Valentine and Presidents Day Deals Are Live, Shop for jewelry, electronics, home items and more

Walmart President's Day sale is live. Although President's Day this year is on February 19, the sale at the big box retailer has already...

Arm Holdings Stock Jumps 47 percent Following Strong Q3 Results & Guidance

Shares of Arm (NASDAQ:ARM) experienced a dramatic surge of 47% on Thursday after the company, renowned for its chip design, raised its annual guidance....

CleanSpark Stock Surge 22 percent After Q1 Results

CleanSpark (NASDAQ:CLSK) experienced a more than 22% surge pre-market today, following the Bitcoin mining company's fiscal first-quarter earnings and revenue that exceeded Wall Street's...

Expedia Shares Plunge 15 percent on Gross Bookings and FCF Miss

Expedia (NASDAQ:EXPE) unveiled its fourth-quarter earnings, surpassing expectations in terms of earnings per share and revenue. However, the company fell short in gross bookings...

Take-Two Plunges 7 percent Following Guidance Cut

Take-Two Interactive Software (NASDAQ:TTWO) experienced a decline of over 7% pre-market today following the announcement of an unexpected fiscal third-quarter loss and a downward...

Pinterest Shares Drop 8 percent Following Q4 Results

Shares of Pinterest (NYSE:PINS) experienced a significant drop, approximately 8%, pre-market today due to the company's fourth-quarter revenue falling below expectations and providing a...

Google adds features, rebrands AI Chatbot as Gemini, offers Gemini Advanced as subscription model

Google is consolidating its earlier AI chatbot Bard and adding other features under a new AI chatbot called Gemini to counter the popularity of...

Netflix to open ‘Netflix House’, retail stores for TV shows immersive experiences, web fans are excited

Netflix (NFLX), the largest streaming platform in the world has decided to expand its operations, initially in the U.S. and later in the rest...

Roku Earns an Upgrade at CFRA

Analysts at CFRA Research upgraded the rating for Roku (NASDAQ:ROKU) to Hold from Sell, while also increasing the target price to $89 from $75. The...

CyberArk Software Gains 7 percent Following Earnings Report

Shares of CyberArk Software (NASDAQ:CYBR) experienced a nearly 7% increase intra-day today following the announcement of its quarterly earnings, which exceeded the consensus expectations...

CVS Health Beats Q4 Results, Cuts Guidance

CVS Health (NYSE:CVS) disclosed its fourth-quarter financial results and revised its earnings forecast for 2024 downwards. In the fourth quarter of 2023, CVS Health announced...

Confluent Shares Surge 29 percent Following Q4 Beat

Confluent's (NASDAQ:CFLT) shares experienced a significant surge, over 29% intra-day today, following the announcement of its fourth-quarter results, which exceeded expectations, along with a...

Walt Disney Shares Jump 11 percent Following Q1 Results

Walt Disney (NYSE:DIS) updated its annual forecast positively following better-than-expected fiscal first-quarter earnings, attributed to effective cost reductions within its streaming operations. The company's shares...

Walmart is set to inaugurate 150 additional locations.

  Walmart has announced plans to establish more than 150 stores in the United States within the next five years and renovate 650 existing locations...
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