Dozens of shareholders representing $266 billion in assets are calling on Walmart to spell out the business reasons for backpedaling on the retailer’s diversity, equity and inclusion (DEI) initiatives. Investors including Amalgamated Bank and Dominican Sisters of Grand Rapids said Tuesday in a letter to Walmart CEO Doug McMillon that they are “concerned to see our…
Tesla stock (TSLA) pushed higher on Tuesday morning, hitting a record high and adding to monster end-of-year gains as another Wall Street analyst says there’s more room to run. Tesla shares jumped over 2% in early trading, topping $470 per share for the first time. The stock is up nearly 19% in the past five…
It’s safe to say that stock investors are closing out 2024 in a rather upbeat mood. The markets posted substantial gains, with the S&P 500 surging nearly 27% year-to-date. The support for the current bullish trend is clear. The prospect of interest rate cuts, coupled with stronger-than-expected corporate earnings, is driving market confidence. Adding to…
A five-year bull market is predicted, with 2025 marking its third year. Historically, bull markets average 67 months, but returns soften in the third year. Fed rate cuts and rising corporate margins support continued equity growth. History tells us we might be heading into the third year of a five-year bull market. The average span…
https://www.tipranks.com/news/the-fly/amd-downgraded-paypal-upgraded-wall-streets-top-analyst-calls The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: BofA upgraded PayPal (PYPL) to Buy from Neutral with a price target of $103, up from $86. PayPal is…
With the shopping season upon us, PYMNTS’ App Provider Rankings take a peek into shopping apps. And what we found were some strategies paying dividends in retail app usage and access. We’ll start with Ulta Beauty, the cosmetics and skincare retailer, which has been on a mission to overhaul its digital presence to counter rising competition…
As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value. “Consumers tell us their budgets are being stretched,” Cornell said Wednesday (Nov. 20) during the…
Nvidia will release earnings tonight after the market close. (Photo by Jakub Porzycki/NurPhoto via … [+] Getty Images) NurPhoto via Getty Images Key Takeaways Nasdaq Leads Gains, Up 1%, With Retail Earnings Driving Market Sentiment Target’s Miss And Walmart’s Strength Highlight Shifting Consumer Behavior Trends Nvidia Earnings And Bitcoin ETF Options Dominate Today’s Market Focus…
After two years of annual gains north of 20% for the S&P 500 (^GSPC), Wall Street strategists think 2025 will see a more measured year for stocks. On Monday, BMO Capital Markets chief investment strategist Brian Belski initiated a 2025 year-end target of 6,700 for the S&P 500. On Sunday, Morgan Stanley chief investment officer…
In This Story After a whirlwind of back-to-back blockbuster earnings reports and a significant political shift in the country, this week offers a welcome opportunity to pause. With a quieter week ahead, it’s a chance to let the dust settle, recharge, and set the stage for the upcoming holiday season, including Black Friday and Thanksgiving….