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Check out the companies making headlines before the bell. AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on Friday. Urban Outfitters, Foot Locker — …
Investors may want to stay away from Nike as near-term headwinds weigh on the sports retailer, according to Jefferies. Analyst Randal Konik downgraded the apparel giant to hold from buy. He also lowered his price target by $40 to $100, which suggests roughly 10.1% upside from Friday’s close. “We see incremental risk ahead for NKE …
Jefferies downgrades Nike, says wholesale and China pressures will keep stock in check Read More »
Sealed Air could see an earnings revival, Citi says. Analyst Anthony Pettinari upgraded the packaging company to buy from neutral. He assigned a $41 price target, which implies a 30.5% rally from Friday’s close. “Sentiment on SEE (and the broader packaging space) has been highly negative given share price weakness, persistent vol challenges, and downward …
Citi upgrades this packaging company that can rally more than 30% Read More »
Now is the time to buy the dip in chemical company Dow Inc. , says JPMorgan. The bank upgraded Dow to overweight from neutral and maintained its price target of $55, implying shares can gain 9.5% from where they closed Friday. “We think the recent downward movement in equity values has given investors an opportunity …
JPMorgan says buy the dip on this chemical giant trading at a 'reasonable valuation' Read More »
Generative AI advancements can help Microsoft bounce back from its recent losses, according to Guggenheim. Analyst John DiFucci upgraded the stock to neutral from sell, saying the “potential monetary benefit from Generative AI is too strong a force to contend with” despite the company’s recent underperformance. The analyst removed his price target on the stock …
Guggenheim upgrades Microsoft, says generative AI is 'too strong' to ignore Read More »
BEIJING — Chinese telecommunications and smartphone giant Huawei didn’t reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday. Instead, the company teased two new electric cars — its first sedan and a high-end SUV — and launched new wireless earbuds, among other products. Huawei partners with …
Huawei stays silent on secretive 5G phone at high-profile product launch Read More »
Dawn Capital, one of Europe’s biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling down on its bid to find technology champions in the region at a time when venture capital funding for tech startups has dwindled. The London-based VC firm is one of the most prominent tech investors …
A top European software investor raises $700 million — defying the venture capital slump Read More »
My six-hour high-speed train ride from Beijing to Shanghai one afternoon last week felt like a WeWork on wheels. In a packed, second-class train car of about 90 people, many were working on laptops and chatting on business phone calls. When I arrived in Shanghai around 8 p.m., there was a line with a 15-minute …
Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the new features of the iPhone and how its sales will affect the stock. After its release to stores on Friday, crowds flocked to stores in China to buy the latest version of the smartphone …
Apple closes little changed as new iPhone is released. How to play the stock Read More »
Check out the companies making headlines in midday trading. Ford — Shares popped about 3% in midday trading after a CNBC report said both Ford and the United Auto Workers union are making headway on negotiations as the strike continues. Squarespace — The website builder popped about 5% after UBS initiated coverage of the stock …
Stocks making the biggest moves midday: Ford, Scholastic, Squarespace, Deere and more Read More »
