Stock markets

Stocks making the biggest moves after hours: Costco, DocuSign, Scholastic

Stocks making the biggest moves after hours: Costco, DocuSign, Scholastic

Customers carry their items after shopping at Costco in Washington DC, May 5, 2021. Ting Shen | Xinhua News Agency | Getty Images Here are the stocks making notable moves in extended trading: Costco — The wholesale membership club retailer was down about 2.8% after reporting fiscal fourth quarter earnings post-market, and saying it’s seeing …

Stocks making the biggest moves after hours: Costco, DocuSign, Scholastic Read More »

Evercore ISI cuts S&P 500 year-end target as Fed signals risk of recession

The Federal Reserve’s signal that it may risk a recession in its inflation fight prompted Evercore ISI to slash its market forecast Thursday. The Wall Street firm cut its year-end S & P 500 target to 3,975 from 4,200. The new target is still about 5% higher than Wednesday’s close of 3,789.93 but would represent …

Evercore ISI cuts S&P 500 year-end target as Fed signals risk of recession Read More »

Xpeng breaks out of a lower price range with its more expensive car G9

Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Xpeng has …

Xpeng breaks out of a lower price range with its more expensive car G9 Read More »

European markets open to close, BOE and SNB rate decisions

Oil prices climb after Fed’s rate hikes, demand fears linger Oil prices climbed following the Fed’s third consecutive rate hike. Reuters also reported Chinese refiners are expecting the nation to release up to 15 million tons worth of oil products export quotas for the rest of the year, citing people with knowledge of the matter. …

European markets open to close, BOE and SNB rate decisions Read More »

Stock futures fall as traders weigh another large rate hike from Federal Reserve

Brendan McDermid | Reuters US stock futures fell on Thursday morning following a volatile session in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures declined by 109 points, or 0.36%. S&P 500 and Nasdaq 100 futures fell 0.56% and 0.79%, respectively. During the regular …

Stock futures fall as traders weigh another large rate hike from Federal Reserve Read More »

Investors betting short term will miss out when Powell ‘wins’

CNBC’s Jim Cramer on Wednesday advised investors to think of the bigger picture when it comes to the Federal Reserve’s battle against inflation and its effect on the stock market. “The short-term camp is made up of people who either can’t handle any pain or don’t believe in [Fed Chair Jerome] Powell and want to …

Investors betting short term will miss out when Powell ‘wins’ Read More »

HB Fuller, KB Home, Lennar and more

Residential single family homes construction by KB Home Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, US June 3, 2021. Mike Blake | Reuters Check out the companies making headlines after hours. KB Home — Shares dipped 21% in extended trading after the homebuilder …

HB Fuller, KB Home, Lennar and more Read More »

Freyr Battery, Stitch Fix, General Mills, Trupanion and more

General Mills’ Cheerios for sale on a store shelf. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Wednesday. Freyr Battery — Shares of the electric vehicle battery maker shot up 17.1% after Morgan Stanley said the company’s price target was double where it is now. The bull estimate for the …

Freyr Battery, Stitch Fix, General Mills, Trupanion and more Read More »

Morgan Stanley says this EV battery maker can rally as much as 350%

Freyr could see its stock double — if not jump four times from where it is now — as the electric vehicle battery maker builds out its client base and production facilities and benefits from recent legislation being passed, according to Morgan Stanley. Analyst Adam Jonas named Freyr a top pick and hiked his price …

Morgan Stanley says this EV battery maker can rally as much as 350% Read More »

General Mills, Stitch Fix, Beyond Meat and others

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. related investing …

General Mills, Stitch Fix, Beyond Meat and others Read More »