Market News

AMD was upgraded to Outperform from market perform but price target cut to $95 from $97 at Northland Capital

01 Jul 2022 15:20:18

Advanced Micro Devices Inc. (NASDAQ AMD) Northland Capital upgraded the stock to Outperform from Market Perform and cut the $97 price target to $95. The 52week trading range is $75.48 to $164.46 and shares traded above $77 apiece on Thursday....

Oil price weakness into July as OPEC stick to output strategy

01 Jul 2022 11:54:55

Oil prices are trading lower after sinking in the previous session as OPEC said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy.WTI crude futures for August 0.33%...

Gold's price on track for a third straight week of lower close

01 Jul 2022 11:37:29

Gold prices continue to trade lower on Friday and are on track for a third straight weekly decline.Spot gold was down 0.29% at $1802.00 per ounce after hitting a more than sixweek low of $1801.50 in the US session.Gold prices...

GM's Hummer EV waiting list is growing, production increasing as GM start using their own battery

01 Jul 2022 09:11:16

The waiting list for General Motors Co.s GM 5.05% new GMC Hummer electric pickup truck and related SUV model recently topped 77000 prospective buyers. Most are likely in for a long wait.Hummer production at GMs Factory Zero where 700 workers...

10 stocks that lost $4.2T in the first half of 2022

01 Jul 2022 08:05:43

The first half of 2022 ended with the S&P 500 Index declining 20.6%. Below are two lists of the worstperforming stocks in the S&P 500 (SPX) this year.First here are the 10 companies whose market capitalizations dropped the most during the...

Walgreens Boots Alliance (WBA) dropped after earning reports

01 Jul 2022 07:24:11

Shares of Walgreens Boots Alliance (WBA)  dropped on Thursday after the drugstore chain posted a thirdquarter earnings beat but profit that fell from a year earlier.Walgreens reported EPS of $0.96 a share beating the forecast of $0.90 a share but...

Apple Inc. was reiterated Outperform but price target lower to $180 from $210 at Evercore ISI

30 Jun 2022 11:02:51

Apple Inc. (NASDAQ AAPL) Evercore ISI reiterated an Outperform rating and cut the $210 price target to $180. The 52week trading range is $129.04 to $182.94 and shares traded above $139.22 a share Wednesday....

Nike Inc. reiterated as Outperform rating and a $140 price at Baird Capital

30 Jun 2022 10:21:17

Nike Inc. (NYSE NKE) Baird reiterated an Outperform rating on the athletic shoe and apparel giant and has a $140 target price. The consensus target is up at $151. The closing share price on Wednesday was $103.25 after the company...

Merck & Co. kept Neutral rating but price target raise to $93 from $89 at BofA Securities

30 Jun 2022 09:56:57

Merck & Co. Inc. (NYSE MRK) BofA Securities kept a Neutral rating on the pharmaceutical heavyweight while raising the $89 price target to $93. The consensus target is $97.61. The stock closed higher on Wednesday at $92.51....

McDonald's Corp. was upgraded to Overweight price target raise to $278 from $245 at Atlantic Equities

30 Jun 2022 09:47:56

McDonalds Corp. (NYSE MCD) Atlantic Equities upgraded the fastfood giants stock to Overweight from Neutral and boosted the $245 price target to $278. The consensus target is $278.75. The final trade for Wednesday was recorded at $247.74...