Tag: brokerswatch

Shares of Nucor Corp. NUE, -9.29% sank 4.5% toward a seven-week low in premarket trading Wednesday, after the steel maker issued a third-quarter profit warning, as weakness in its steel mills business is offsetting strength in steel products. The company expects earnings per share of $6.30 to $6.40, down from $7.28 in the year-ago period, […]

KeyBanc Capital Markets analysts on Wednesday said Walmart Inc. WMT, +0.38% and Target Corp. TGT, +0.91% appear to be well positioned to weather the current economic environment and grow profit margins. Analysts at KeyBanc initiated coverage of Walmart and Target with overweight ratings and price targets of $155 and $200 respectively. “While investors can find […]

Discover Financial Services DFS, -0.02% said Wednesday that it was hiring for 2,000 additional customer care positions. The payments and banking company is looking to add employees in Arizona, Delaware, Illinois, Ohio, and Utah, per a press release. The company added that New Jersey, Pennsylvania, and Maryland residents would be eligible to take positions in […]

Shares of Altimmune Inc. ALT, -37.39% tumbled 44.4% in premarket trading on Wednesday after the company shared new data from an early-stage clinical trial for its experimental treatment for non-alcoholic fatty liver disease that failed to impress investors. The Phase 1b study met both the primary and secondary endpoints of reduction in liver fat content […]

Shares of Philip Morris International Inc. PM, +0.20% tacked on 0.9% in premarket trading Wednesday, after the cigarette and heated-tobacco products company raised its quarterly dividend by 1.6%, to $1.27 a share from $1.25 a share. The new dividend will be payable Oct. 12 to shareholders of record on Sept. 28. Based on Tuesday’s stock […]

Keurig Dr Pepper shares KDP, +0.81% rose 2% in premarket trade Wednesday, after the drinks company said its board has approved a 6.7% increase in its annualized dividend rate to 80 cents a share from 75 cents. The new dividend comes into effect with the quarterly dividend that was announced today, the company said in […]

Shares of Comcast Corp. CMCSA, +1.33% bounced 0.9% in premarket trading Wednesday, off the previous session’s 2 1/2-year closing low, after the cable TV and internet provider boosted its share repurchase program to $20 billion. So far this year, the company said it has repurchased $9 billion of its common stock, which represents 6.1% of […]

Johns Hopkins University is planning to scale back its COVID data dashboard and will only update global case, death and vaccine data daily, rather than every hour, theWall Street Journal reported Wednesday. The move comes as data reporting is being reduced in the U.S. and elsewhere, making it harder for researchers to access up-to-date numbers. […]

Block Inc.’s SQ, -7.53% Square said Tuesday that it has translated its full product ecosystem to Spanish as it aimed to make its offerings more accessible to Latino-owned businesses. Through the effort, Square, the part of Block focused on payment processing and other tools for small businesses, will let businesses access its lending, banking, payroll, […]

International Business Machines Corp. IBM, -2.61% said late Tuesday it will book a charge of about $5.9 billion in the third quarter to offload pension risk. The Armonk, NY-based tech company said in a Securities and Exchange Commission filing it is transferring about $16 billion of pension obligations, for benefits that began to be paid […]