font size The problem with PayPal is that consumers are returning to pandemic spending patterns with fewer online orders. Courtesy PayPal The applause for PayPaa’s new boss didn’t last long. The payment giant’s stock got a small bump when it announced this gut instinct CEO Alex Kress will take over as CEO next month. PayPal…
font size Johnson & Johnson took consumer health company Kenvue public in May. Mark Ralston / Getty Images Johnson and Johnson ‘s $40 billion stock exchange offer Kinfu It is likely to generate strong interest from the healthcare company’s shareholders, resulting in participants being able to swap only a portion of their J&J stock. Johnson…
font size Superior Nvidia Grace CPU chip. Marlena Sloss/Bloomberg New Street Research says Wall Street analysts continue to underestimate the AI-related revenue prospects of three technology companies. “In the past few months, expectations regarding the deployment of data center AI infrastructure in 2024 have almost doubled,” analyst Pierre Virago wrote Tuesday in a note to…
font size Home Depot reported second-quarter earnings that beat analyst estimates. Justin Sullivan/Getty Images Stock futures pointed lower on Tuesday as an increase in bond yields and growing concerns about the Chinese economy weighed on investor sentiment. Wall Street ended the previous session with gains, led by the best day in two weeks for technology…
font size United Airlines is one of the companies where analyst sentiment is getting better. Bruce Bennett/Getty Images Stocks that have done nothing for years are often called dead money by investors. Many dead money stocks are value traps that attract investors only to disappoint them. But there are a few candidates who can perform…
font size Hawaii Electric stock was falling on Monday. Patrick T Fallon/AFP via Getty Images Hawaii Electric Industries It was falling on Monday as wildfires in Maui weighed on the company’s stock. Wells Fargo maintained the Underweight rating on Hawaiian Electric (stock ticker: HE) stock in a report, and cut its price target to $25…
font size US Steel rejected an unsolicited buyout offer from rival Cleveland Cliffs. Sean Gallup / Getty Images Stock futures rose on Monday as markets faltered in August, adding to this year’s rally. The focus on Wall Street this week will be the minutes of the Federal Reserve’s latest policy meeting and earnings reports from…
font size Stocks that could benefit from a steeper yield curve include Generac Holdings, Alphabet, and Pool Corp. and Target (above). Christopher Dilts/Bloomberg The bond market is trying to send a message to investors. Much depends on how they interpret it. In recent weeks, the yield on 10-year Treasury notes Has risen to 4.15%, an…
font size Ford and GM stocks fell sharply on Thursday while the S&P 500 posted small gains. Spencer Platt / Getty Images Investors hate the unknown and whether, and for how long, a downtime might hit the auto industry is a big deal. But a strike wouldn’t necessarily be that bad for auto stocks. shares…
An aerial view shows destroyed homes and buildings that have burned to the ground in West Maui. Patrick T Fallon/AFP/Getty Images font size Unprecedented wildfires in Maui have already claimed at least one already 55 lives And Continue burning all over the island. they already have Destroyed Popular tourist spots like Lahaina, and experts predict…