Tag: brokerswatch

After more than a year in which most professional forecasters and financial-market players regularly misjudged the persistency of inflation, they may now be missing out on one key fact. History shows that inflation takes an average of 10 years to return to 2% once it breaks above 5%, according to Thanos Vamvakidis, a strategist for BofA […]

The time is “ripe” for Norwegian battery maker Freyr Battery FREY, +17.26%, Morgan Stanley analysts led by Adam Jonas said in a note Wednesday, increasing their price target on the stock to $26 and setting a “bull case” to $60, which would represent an upside of nearly 300% over Tuesday’s share price. “The environment is […]

Canada will likely drop the COVID-19 vaccine requirement for people who enter Canada by the end of September, an official familiar with the matter told The Associated Press on Tuesday. Canada, like the United States, requires foreign nationals to be vaccinated when entering the country. It is not immediately known whether the U.S. will make […]

Coty Inc. shares COTY, +5.91% rose 1.9% in premarket trade Wednesday, after the beauty and cosmetics company said it’s on track to double its skincare sales to $500 million to $600 million by fiscal 2025. The company offered the guidance ahead of an investor day. “Our strategy is underpinned by world-recognized brands serving key white […]

The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 1.1 million barrels for the week ended Sept. 16. That marked a third weekly rise in a row for crude supplies, based on EIA data. On average, analysts expected a climb of 2.1 million barrels, according to a poll conducted by S&P […]

Shares of Nike Inc. NKE, +0.46% edged up 0.2% in morning trading Wednesday, after slumping 4.5% the previous session to close at a near three-month low, but the drumbeat of downbeat analyst calls continued ahead of the sporting apparel and accessories giant’s first-quarter earnings report. Deutsche Bank analyst Gabriella Carbone reiterated the buy rating on […]

Shares of Walmart Inc. WMT, +2.34% rose 1.5% in morning trading Wednesday, after the discount retail behemoth said it plans to hire 40,000 employees for the holiday season. The new hires will include seasonal store employees, full-time permanent truck drivers and customer-care employees. The company said the average U.S. wage is more than $17 an […]

U.S. stocks opened higher Wednesday, as investors wait for the Federal Reserve to announce its decision on the size of its interest rate hike. The Dow Jones Industrial Average DJIA, +0.47% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.52% rose 0.5% and the Nasdaq Composite COMP, +0.41% gained 0.4%, […]

A software startup backed by the venture capitalist Chamath Palihapitiya is launching a digital platform that allows companies such as mortgage lenders and home-improvement retailers to sell rooftop solar installations directly to consumers, the Wall Street Journal reported. Palihapitiya told the paper in an interview that the new law will accelerate deployment of rooftop solar […]

Peloton Interactive Inc. PTON, -1.61% and UnitedHealth Group Inc. UNH, +0.41% said Wednesday that they have expanded their relationship, to more than double the number of people who could be eligible for a Peloton App Membership. Health insurer UnitedHealth said 10 million of its UnitedHealthcare commercial members may be eligible for a one-year membership, or […]