Category: Market News
Lululemon Athletica LULU, +0.92% shares dropped 4% to $281.80 in premarket trade after Jefferies downgraded the athletics apparel maker to underperform from hold and cut its price target to $200 from $375. Analysts led by Randal Konik said the sector saw a spike in demand from COVID, which could slow growth against difficult comparisons. It’s […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 60 billion cubic feet for the week ended July 1. That compared to an average forecast for an increase of 73 billion cubic feet from analysts polled by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.311 […]
Rivian Automotive Inc. RIVN, +1.14% is starting to overcome the production issues that have beset the company in recent months, according to Wedbush analyst Dan Ives. The electric vehicle maker, which went public last year, is “finally starting to get their act together and live up to some of the massive hype for the company […]
Published: July 8, 2022 at 8:14 a.m. ET Redfin Corp. said Friday that it is seeing the northern California housing market, including the San Francisco Bay Area, cooling faster than any other U.S. market, as mortgage rates remain high and as the stock market has dropped. The San Jose housing market is slowing the fastest, […]
Shares of Howmet Aerospace Inc. HWM, +0.58% rose 1.7% in premarket trading Friday, after Benchmark analyst Josh Sullivan turned bullish on the aerospace and titanium company, citing a supply chain recovery and market share gains as companies divest their titanium operations in Russia. Sullivan raised his rating to buy, after being at neutral for at […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
Vita Coco Co. COCO, +11.41% stock soared 16% in Friday trading after the coconut water company was upgraded to buy from neutral at Bank of America. Analysts raised their price objective to $12 from $10. BofA says the ocean freight market is showing signs of stabilizing, which could lead to cost declines for Vita Coco. […]
Baker Hughes BKR, on Friday reported that the number of active U.S. rigs drilling for oil was up by 2 to 597 this week. That follows increases in each of the last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 2 to 752, according to […]
Published: July 8, 2022 at 1:39 p.m. ET White House press secretary Karine Jean-Pierre on Friday criticized Texas Republican Gov. Greg Abbott’s executive order that directs the National Guard to apprehend and deport undocumented immigrants. Immigration enforcement is a federal authority and states should not be “meddling in it,” she told reporters during a briefing. […]
Last Updated: July 8, 2022 at 2:24 p.m. ET First Published: July 8, 2022 at 2:23 p.m. ET Shoppers at a grocery store in Washington, D.C., last month. Stefani Reynolds/Agence France-Presse/Getty Images Following an unexpectedly robust jobs report that had many dismissing fears of a U.S. recession, a line of thinking re-emerged in some parts […]