Tag: brokerswatch

Nov 02
Elf Beauty stock up 9% after earnings top views, outlook raised

Shares of Elf Beauty Inc. ELF, -4.67% rose nearly 9% in the extended session Wednesday after the beauty products maker blew past fiscal second-quarter earnings expectations and raised its outlook for fiscal 2023. Elf earned $11.7 million, or 21 cents a share, in the quarter, compared with $5.7 million, or 11 cents a share, in […]

Nov 02
Costco October sales rise nearly 8%

Costco Wholesale Corp. COST, -3.29% said late Wednesday its October sales rose 7.7% to $17.7 billion, from $16.47 billion in October 2021. Same-store sales in the U.S. rose 9.2%, while same-store sales in international markets excluding Canada dropped 5.4%, the retailer said. Shares of Costco fell 0.2% after the news and ended the regular trading […]

Nov 02
Cardlytics stock cut in half amid ‘continued uncertainty’ from advertisers

Cardlytics Inc. shares CDLX, -53.41% ended Wednesday’s session down 53% after the company, which provides marketing solutions, delivered a forecast that fell well short of what analysts had been expecting. JPMorgan analyst Doug Anmuth wrote following the Tuesday afternoon report that Cardlytics guided for a roughly 6% year-over-year decline in fourth-quarter revenue at the midpoint, […]

Nov 02
Dow skids 500 points, stocks end sharply lower after Fed increases rates and signals restrictive steps for longer

U.S. stocks gave up earlier gains to end sharply lower Wednesday, after the Federal Reserve fired off its fourth rate increase of 75 basis points in a row and signaled that monetary policy could stay restrictive for longer than earlier anticipated. The Dow Jones Industrial Average DJIA, -1.55% tumbled about 506 points, or 1.6%, to […]

Nov 02
ServiceNow stock dubbed top software pick at Macquarie

Macquarie analyst Sarah Hindlian-Bowler dubbed ServiceNow Inc.’s stock NOW, -6.18% her top pick in software as she took over coverage of some names in the sector. “One of the biggest and least appreciated field actions we have seen working with ServiceNow and ServiceNow deployments is the impressive growth the company is seeing in moving from […]

Nov 02
U.S. oil futures settle at a more than 3-week high

Oil futures climbed on Wednesday, with U.S. prices settling at their highest in more than three weeks. Prices found support after the Energy Information Administration reported weekly declines in U.S. crude and gasoline inventories, and as recent reports said Iran may be preparing an attack on Saudi Arabia. Oil prices continued higher after the Federal […]

Nov 02
DJIA component Goldman stock headed for longest winning streak since 2006

Goldman Sachs Group Inc. GS, +0.29% stock is currently up by a narrow 0.1%, but if the gains hold, it’s on track to notch its ninth straight day of gains, according to a note from Dow Jones market data analyst Mike DeStefano. Nine days would mark Goldman’s longest winning streak since Sept. 25, 2006, when […]

Nov 02
LL Flooring stock slides 7% after company swings to Q3 loss as consumers rein in spending

Shares of LL Flooring Inc. LL, -6.62% slid 7% Wednesday, after the company posted weaker-than-expected third-quarter earnings as lower spending by inflation-conscious customers weighed. Richmond, Va.-based LL Flooring, formerly called Lumber Liquidators, swung to a net loss of $3.77 million, or 13 cents a share, for the quarter, after income of $8.78 million, or 30 […]

Nov 02
Washington Commanders hire BofA to ‘consider possible transactions,’ sale of troubled NFL team looks possible

The Washington Commanders on Wednesday said they’ve hired Bank of America BAC, +0.76%, in a move viewed as a step toward a possible sale of the troubled NFL franchise. “Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions,” a Commanders statement said. “The Snyders […]

Nov 02
Barclays, Citigroup, Deutsche Bank lose money on currency hedges for broken Prosus acquisition: WSJ

Barclays PLC BCS, -0.64%, Citibank Inc. C, -0.22% and Deutsche Bank AG DB, +0.57% lost money in currency hedges issued to Prosus after its acquisition of India-based payments company BillDesk fell through, The Wall Street Journal reported Wednesday. Prosus bought derivatives to protect against currency swings for the roughly $4.7 billion deal, but its bid […]