Experts React To 5% CPI Inflation, Highest Since 2008
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.5% on Thursday morning after the Labor Department reported a 5% increase in the consumer price index in the month of May, the fastest inflation growth since the summer of 2008.
BofA Downgrades Clover Health After 100% Stock Surge
Clover Health Investments Corp.’s (NASDAQ: CLOV) stock has spiked by around 100% over the past week and is now at a 70% premium to its closest competitor, Alignment Healthcare Inc (NASDAQ: ALHC), according to BofA
Telsey Advisory Group Earlier On Costco Following May Sales Figures: Co. Should Continue To See ‘Solid’ EPS Growth Led By High Membership Renewal Rates, Healthy Digital Growth; Maintains Outperform Rating
CT SENATE HAS TO BRIEF MEMBERS ON IT BEFORE A VOTE; UNCLEAR WHEN THAT VOTE WILL HAPPEN
Wells Fargo Stock Could Be A Multi-Year Transformation Story, BofA Says
Shares of Wells Fargo & Co (NYSE: WFC) have lost more than 50% year to date and the company is the only bank in its peer group to be still trading below the pre-pandemic levels, according to BofA Securities.
3 Advance Auto Parts Analysts Break Down Q1 Earnings
Advance Auto Parts (NYSE: AAP) posted a first-quarter beat-and-raise Wednesday.
The auto parts retailer reported first-quarter adjusted earnings of $3.34 per share against a $3.08 Street estimate and sales of $3.33 billion, outrunning a $3.28-billion estimate.
Zacks Small Cap Research Tweets ‘$EDSA: @EdesaBiotech – Positive Interim Efficacy Analysis For EB01 Phase 2b Trial In Allergic Contact Dermatitis… – https://bit.ly/3z1uGqd by @DavidBautz’
https://twitter.com/ZacksSmallCap/status/1400827427421556742
AMC Playing The ‘Game’ Lot Better Than GameStop, Says NYU Professor Aswath Damodaran
AMC Entertainment Holdings Inc. (NYSE: AMC), which raised $587.4 million in additional capital through a stock offering on Thursday, is playing the "game" a lot better than GameStop Corp.
5 Splunk Analysts Break Down SaaS Company’s Q1 Earnings, Guidance
Shares of cloud-based data analytics company Splunk Inc. (NASDAQ: SPLK) retreated Thursday following the release of its first-quarter results.
Amazon Could Be Prepping For Broader Same-Day Shipping: What This Means For The Retail Giant
Amazon.com, Inc. (NASDAQ: AMZN) could soon be launching a broader same-day shipping offering, according to an analyst at Morgan Stanley.
The Amazon Analyst: Analyst Brian Nowak has an Overweight rating and a $4,500 price target.