Bed Bath & Beyond has a three-year plan for a business turnaround. (Getty Images) Bed Bath & Beyond Inc. BBBY, -0.52% laid out a detailed transformation plan during its Wednesday investor day presentation and now analysts have turned their focus toward execution. The strategy includes the launch of more than …
Read More »The Ratings Game: Beyond Meat downgraded at JPMorgan as Impossible Foods snaps up share
Beyond Meat and Impossible Foods are sharing grocery shelf space with a growing number of plant-based brands AFP via Getty Images Beyond Meat Inc.’s stock was downgraded to underweight from neutral at JPMorgan on Friday with analysts citing market share loss at grocery stores to its biggest competitor, Impossible Foods …
Read More »The Ratings Game: Amazon is making gains with older consumers as more people turn to e-commerce during COVID-19
Amazon.com Inc. has become the go-to shopping site for many consumers during the COVID-19, including an increasing number of older customers, according to SunTrust Robinson Humphrey analysts. Amazon AMZN, -1.66% reported earnings late Thursday that nearly doubled year-over-year to $ 10.30 per share, with sales up 40% to $ 88.9 …
Read More »U.K. foreign secretary criticized for saying taking a knee comes from ‘Game of Thrones’
Dominic Raab, the U.K. foreign secretary, has been criticized after saying that taking the knee comes from the “Game of Thrones” TV series. Raab, who led the country while Prime Minister Boris Johnson was hospitalized with COVID-19, also said the gesture “feels to me like a symbol of subjugation, subordination.” …
Read More »The Ratings Game: Dollar General is well-positioned to handle coronavirus, analysts say
Dollar General Inc. faces the same uncertainty that other retailers face from the coronavirus epidemic, but analysts say the discount seller is well-positioned to deal with the pandemic. “Dollar General remains a top pick, positioned for growth and defensiveness, and we reiterate our overweight rating,” wrote KeyBanc Capital Markets analysts …
Read More »The Ratings Game: Tesla’s stock bounces, but Morgan Stanley says it’s still a sell
Shares of Tesla Inc. shot higher Monday, putting them on track to snap a sharp 5-day selloff, but Morgan Stanley analyst Adam Jonas suggested it was still too early for investors to jump in. Jonas reiterated the underweight rating he’s had on the stock since he downgraded it on Jan. …
Read More »Fed plays waiting game, rates hold low and steady
Reading Time: 3 minutes An odd end to the week as the stock market dropped and analysts don’t seem to understand exactly why. The Dow Jones dropped 150 points midday Thursday before rebounding slightly, and the benchmark 10-year Treasury note yield dipped to 1.486% in early trading Friday morning. The …
Read More »The Ratings Game: Dropbox stock surges toward best day on record as bulls say profit focus is a turning point
Dropbox shares are surging toward their best single-day performance on record on Friday as bulls say the stock has finally hit a turning point. The cloud-storage company initially got a warm reception from Wall Street when it came public in early 2018, but the stock has languished in recent months …
Read More »The Ratings Game: Nvidia stock eyes new high as record data-center sales prompt analyst love fest
Nvidia Corp.’s stock surged Friday as analysts practically wrote Valentine’s Day notes for the company and raised their price targets after the chip company barreled past expectations in data-center sales following a tough year of revenue declines. Nvidia NVDA, +8.30% stock surged to an intraday high of $ 294.40, and …
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