StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the technology company’s stock. Separately, LADENBURG THALM/SH SH began coverage on shares of LightPath Technologies in a report on Friday, June 30th. They set a buy rating
Traders work on the floor of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle’s revenue, which came in at
Last week, Apple (NASDAQ:AAPL) encountered a notable disturbance following reports of a ban imposed on Chinese government officials using iPhones. China’s Apple iPhone ban has sent shockwaves across the financial realm, leading to a consecutive two-day decline in Apple’s stock value. The consequences of this situation hold significant weight, especially given the country’s pivotal role as one of Apple’s
In a battle of the overpaid CEOs, Elon Musk recently made fun of Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson for hauling in $379 million in 2022. Most of that was from options and stock awards vested during the year. As the Automotive News points out, you won’t be able to detect the superb pay from
Snow Lake Management LP purchased a new position in shares of PDD Holdings Inc. (NASDAQ:PDD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 300,000 shares of the company’s stock, valued at approximately $22,770,000. PDD makes up approximately 13.5%
Qualcomm CEO Cristiano Amon. Carlo Allegri | Reuters Check out the companies making headlines in premarket trading Monday. Tenable Holdings — The exposure management solutions provider rose 3% before the market opened following an upgrade to overweight from neutral at JPMorgan. The bank said the company is positioned to see better business fundamentals in the
Weight-loss drugs are taking the U.S. by storm. JPMorgan Chase (NYSE:JPM) is forecasting that the market for weight-loss medications could reach $100 billion in annual sales. The new class of drugs, known as “incretins,” has been shown in clinical trials to suppress appetite and reduce food intake. This, in turn, leads to dramatic weight loss
Some penny stocks go on to deliver huge returns for their owners. Most, however, do not. After all, companies usually end up in penny stock territory because something dramatic has gone wrong with their business model. At times, these issues can be resolved. In others, however, little chance of a revival exists due to a
Transcontinental (TSE:TCL.A – Free Report) had its target price decreased by CIBC from C$18.00 to C$17.00 in a research note published on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock. Separately, Royal Bank of Canada cut their target price on Transcontinental from C$20.00 to C$19.00 and set an outperform rating
Trey Lockerbie sits down with Logan Allin, the Managing General Partner and founder of Fin. Fin is a VC firm that now has 10 unicorn portfolio companies, some of which have IPO’ed and are over $1B in AUM. IN THIS EPISODE, YOU’LL LEARN: 01:00 – What Logan Allin Learned in Playing Chess That He Was
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Thomas Barwick | Digitalvision | Getty Images Huntington Beach, California Over 2,500 investors and financial advisors have descended on Huntington Beach, California — a.k.a. Surf City USA —for a financial conference. A financial conference on a beach? In Huntington Beach, home to nine miles of shoreline and the world center of beach volleyball? Yep. And I
In this article BABA TWNK MRNA IMTX Follow your favorite stocksCREATE FREE ACCOUNT Visitors at the Tesla booth at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle maker jumped 6% after
The search for the best travel stocks has recently gained momentum, and for good reason. Post-pandemic, travel and tourism sectors have rebounded impressively. After witnessing a major slump, where travel took a backseat for many customers, we now observe an impressive resurgence. However, the upswing isn’t incidental, as financial reports highlight robust financial health with
The market is giving investors mixed signals. But this is a time when what’s happening on Main Street differs from what’s happening on Wall Street. There are crystal clear signs that the consumer is losing steam. This makes it time to look at consumer stocks to sell. Companies are reporting that consumers are pulling back
Wahed Invest LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 1.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,426 shares of the energy exploration company’s stock after selling 145 shares during the quarter. Wahed Invest LLC’s holdings in
Nowadays, as technology continues to advance, so does the need for semiconductors. Fortunately, the daring companies within this sector are responsible for creating the most efficient, powerful, and capable semiconductors. Let’s look at the three best semiconductor stocks to buy this month, from companies that will grow your portfolio. Qualcomm (QCOM) Source: nikkimeel / Shutterstock.com
Investing in companies you know and understand is the best advice I learned when I started to invest. Familiarity with due diligence made the stock-picking process faster and more manageable. And, helped me to avoid investing into stocks to sell. However, knowing the company name alone isn’t the only deciding factor to invest in stocks
Bank of America upgraded shares of The Weir Group (OTCMKTS:WEGRY – Free Report) from a neutral rating to a buy rating in a research note issued to investors on Thursday, FlyOnTheWall reports. Several other research analysts also recently commented on WEGRY. Morgan Stanley boosted their target price on The Weir Group from GBX 1,760 ($22.23)
The stock market tried to fight the selling as the media experts came up with more reasons to argue why stocks should not move higher. Near the top of the new list is the fact that the dollar closed higher for the eighth week in a row. This coincided with last week’s Reuter survey where
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