Analyst news

• Market Extra: Moody’s cuts outlook on U.S. credit rating to negative from stable

  10-11-2023 23:44
  Moody’s Investors Service late Friday cut the outlook on the U.S. sovereign credit rating to negative from stable, citing higher interest rates and doubts about the government’s ability implement effective fiscal policies. A negative outlook means that a rating may be cut in the future, but doesn’t mean that it will be. Moody’s continues to rate U.S. sovereign debt Aaa — the only one of the three major credit-rating company to maintain a triple-A rating.“The s
  
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• : Cargo Therapeutics rises 2.2% in trading debut after IPO priced at low end of range

  10-11-2023 20:17
  The stock of Cargo Therapeutics CRGX, +2.47%,  a clinical-stage biotech specializing in cancer treatments, rose 2.2% in its trading debut on Friday. The deal priced at $15 a share, the low end of the proposed range. The company sold 18.8 million shares to raise $282 million at a valuation of $580.5 million. JPMorgan, Jefferies, TD Cowen and Truist Securities were the underwriters on the deal. They have a 30-day option to purchase up to 2.8 million additional shares. Proceeds will be used to
  
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• Retirement Weekly: How to use TIPS to build up retirement wealth

  10-11-2023 20:15
  A 40-year-old investing for retirement would do well to put more than half of his portfolio in bonds. That’s hardly conventional wisdom, of course. The typical glide path used by a 40-year-old’s target-date fund allocates no more than around 10% to bonds. For example, the Vanguard Target Date Retirement Fund 2050VFIFX currently has 7.1% invested in domestic bonds and 2.8% in international bonds.The key to why it makes sense to flout conventional wisdom, however, is not for my hypothe
  
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• Retirement Weekly: Good manners still matter as you get older: 4 etiquette tips for retirees.

  10-11-2023 20:10
  There’s a quaint term—etiquette—that applies to good manners. From setting the dinner table to using tactful language, past generations have largely tried to maintain some decorum. Etiquette still resonates with many retirees. Younger people may act respectfully but disregard formal aspects of etiquette that older folks continue to live by.“I think older people are more considerate,” said Lisa Mirza Grotts, a San Francisco-based etiquette expert. “They&rs
  
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• : WeWork’s stock has continued the strange trend of the bankruptcy bounce

  10-11-2023 20:10
  In a strange flashback to the demise of Bed Bath & Beyond Inc., WeWork Inc.’s stock soared on its over-the-counter debut this week, just days after the office sharing company filed for chapter 11 bankruptcy protection.  WeWork WEWKQ, +6.35%filed for Chapter 11 in New Jersey on Monday and the beleaguered company’s stock was halted before the open that day. The New York Stock Exchange started the delisting process for WeWork that same day.Trading resumed over the cou
  
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• The Ratings Game: Trade Desk’s stock selloff could be a buying opportunity — or more reason for ad jitters

  10-11-2023 20:05
  Is the sharp Friday slide in Trade Desk Inc. shares a buying opportunity — or a sign to be wary of advertising-exposed names this holiday season? Analysts were divided in the wake of the ad-technology company’s September-quarter earnings report, which brought a significantly weaker-than-expected outlook. The guidance miss was uncharacteristic for Trade Desk, which has only come up short with its revenue forecast one other time in the past five years, according to FactSet data.Th
  
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• Retirement Weekly: My mother is on food stamps and Medicaid, if she sells her house will she lose her benefits?

  10-11-2023 20:05
  Dear Harry,My mother has a home (value approximately $300,000) and no money in savings. She is using many state-funded benefits (food stamps, energy assistance, Medicaid) to supplement what her Social Security does not cover on a monthly basis. My brother and I are trying to determine if selling her home and moving her to a smaller, less expensive home would help but we realize that once the house sells she may lose some or all of these benefits because she would then have money in the bank. Is
  
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• The Margin: Veterans Day freebies and discounts for U.S. service members from Target, Starbucks, Dunkin’ and others

  10-11-2023 20:01
  Veterans Day, the federal holiday honoring those who have served in the U.S. armed forces, is this Saturday — and there are plenty of discounts to be had for America’s service members. Some businesses and offices may be closed or have modified hours on Veterans Day or the Friday before the holiday, so be sure to take that into account before venturing for a meal or shopping trip. But many retailers are open for business and ready to thank veterans for their service by giving out free
  
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• : Only two Republican candidates have been honest about fixing Social Security 

  10-11-2023 17:41
  Of the five Republicans who took the stage Wednesday night for the latest GOP presidential debate, only two — Nikki Haley and Chris Christie — showed that they were serious, and honest, about fixing Social Security and Medicare.  Even so, the comments made by Haley — the former South Carolina governor and United Nations ambassador — were misleading.   “Any candidate that tells you that they’re not going to take on entitlements is not being serio
  
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• Cannabis Watch: Curaleaf and Canopy Growth miss third-quarter analyst marks, while Ascend Wellness and Green Thumb Industries beat forecasts

  10-11-2023 17:21
  Quarterly results from the U.S.’s largest cannabis company, Curaleaf Holdings Inc., and from Canada’s Canopy Growth Corp. missed analyst estimates, while Ascend Wellness’s stock rose sharply after it beat forecasts. Curaleaf CURLF, -0.99%said its third-quarter net loss widened to $92.23 million, or 13 cents a share, from a loss of $51.39 million, or 8 cents a share, in the year-ago quarter. The company’s adjusted loss in the latest quarter was 9 cents a share, wider than
  
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• : FDA eye-drops warning: The full list of CVS, Walmart, Target and Rite Aid products you should stop using ASAP

  10-11-2023 17:18
  Check your medicine cabinet for these potentially contaminated over-the-counter eye drops.The Food and Drug Administration warned last month that more than two dozen eye drops sold by companies including Walmart WMT, +0.73%,CVS Health CVS, -0.63%,Target TGT, -0.44%and Rite Aid RADCQ, +2.18%could pose a risk of serious infections that can cause partial vision loss or blindness, after investigators found unsanitary conditions in the facility manufacturing these products. The facility was identifie
  
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• : Who’s afraid of Ozempic? From restaurants to package makers, companies work to calm investors’ GLP-1 jitters.

  10-11-2023 17:13
  Wegovy, shmegovy.  That’s the message from many corporate executives who have lately been peppered with questions about how Wegovy, Ozempic and other drugs widely used for weight loss may impact their bottom line. On earnings calls in recent weeks, companies ranging from beverage giant Anheuser-Busch InBev BUD, -1.35%to medical-device maker Abbott Laboratories ABT, -1.00%have faced a chorus of analysts intent on tracking every investment implication of the obesity and diabetes medicat
  
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• Key Words: These are the 5 D’s driving the housing market. One is diamonds and another is death, says real-estate CEO.

  10-11-2023 16:54
  The sluggish housing market is on track to finish the year at the slowest pace since the Great Recession. But that doesn’t mean no one’s buying. Around 4.15 million previously-owned homes will be sold in 2023, the National Association of Realtors estimated in late October, which would be the lowest pace of sales since 2008.What’s driving people to buy those 4 million plus homes? Robert Reffkin, founder and CEO of Compass COMP, +4.23%,a real-estate company, says it’s all a
  
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• : Contaminated eye drops from Walmart, CVS and Target linked to factory in India where workers reportedly went barefoot and faked safety checks

  10-11-2023 16:54
  The tainted eye drops that the Food and Drug Administration recently warned people to stop using ASAP have reportedly been traced back to a factory in India.  The more than two dozen affected eye-drop brands sold by retailers like Walmart, CVS, Target and Rite Aid were made by Kilitch Healthcare India Ltd. in Navi Mumbai, India, according to a federal inspection report seen by Bloomberg News. The report cites unsanitary conditions in the factory, such as workers being barefoot in the f
  
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• The Margin: Veterans Day 2023: Are banks closed on Friday? Will mail be delivered? Are schools open?

  10-11-2023 13:50
  An earlier version of this report inaccurately characterized the U.S. bond market’s hours on Friday. It is open. There are plenty of closures to be aware of this Veterans Day. But when is the holiday being observed, exactly? It’s a question spurring plenty of Google searches. Saturday, Nov. 11, marks Veterans Day, a federal holiday in which Americans recognize those who have served in the U.S. armed forces. And because that famous date — the World War I armistice was signe
  
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• Movers & Shakers: Lions Gate shares rise on surprise profit, Plug Power stock plunges on supply warning and more moving stocks

  10-11-2023 13:46
  Here are some of the day’s biggest movers ahead of Friday’s open: Stock gainers: Synaptics Inc.’s  SYNA, -0.16%stock surged 14% after the semiconductor company reported quarterly results that topped analyst revenue and earnings estimates.Shares of Lions Gate Entertainment Corp. LGF.A, -0.33%increased 5% in out-of-hours trading after the TV, film and media giant reported a surprise second-quarter profit, and stuck with its full-year outlook “even with the negative imp
  
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• XAUUSD: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 12:50 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 2008.75 with a target of 1910.48 – 1889.05.Alternative scenario: breakout and consolidation above the level of 2008.75 will allow the pair to continue rising to the levels of 2060.00 – 2110.00.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with the first wave 1 of (5) formed as its part. Apparently, a descen
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 12:20 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 75.20 with a target of 91.05 – 95.65.Alternative scenario: breakout and consolidation below the level of 75.20 will allow the asset to continue declining to the levels of 72.00 – 64.50.Analysis: the first wave of larger degree (1) is presumably formed, a descending correction developed as second wave (2), and the third wave (3) started unfolding on the daily chart. The first wave of smaller degree 1 of (3) is
  
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• USDJPY: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 11:50 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 149.15 with a target of 153.00 – 156.00. Alternative scenario: breakout and consolidation below the level of 149.15 will allow the pair to continue declining to the levels of 147.14 – 144.36. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, there's wave 5 of (5) forming, with wave v of 5 developin
  
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• : Diageo shares plunge as drinks seller warns of 20% drop in sales in Latin America and the Caribbean

  10-11-2023 11:37
  Shares in Diageo tumbled on Friday after the Guinness seller cut its outlook for the year after warning of plummeting sales in its Latin American and Caribbean divisions that account for 11% of firmwide revenues.  The FTSE 100 drinks giant DGE, -15.64% DEO, +0.16%,which owns top brands including Johnnie Walker whisky and Tanqueray gin, said it expects sales in its Latin American and Caribbean markets to fall 20% year-over-year due to macroeconomic pressures in the region. The London he
  
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• Lucky Ticket competition in LATAM countries extended

  10-11-2023 11:20 via litefinance.org
  
  Dear clients,The LATAM Lucky Ticket competition has attracted significant interest among traders, and we are pleased to announce the extension of the draw until January 31, 2024. The participants can get more lucky tickets and increase their chances of winning!The competition is open to traders from the LATAM countries: Argentina, Bolivia, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Urug
  
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• GBPUSD: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 11:20 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.2185 with a target of 1.2465 – 1.2590.Alternative scenario: breakout and consolidation below the level of 1.2185 will allow the pair to continue declining to the levels of 1.2030 – 1.1758.Analysis: the first wave of larger degree (1) is presumably formed on the daily chart, and a bearish correction started developing as second wave (2). Wave А of (2) is formed on the H4 time frame, and a bullish correc
  
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• Bond Report: Bond yields hold at higher levels, following big jump on poor 30-year auction

  10-11-2023 11:08
  Treasury yields were holding at mostly higher levels on Friday, on the heels of a massive move triggered by signs the Federal Reserve may push more on its inflation fight alongside a weak auction of 30-year notes.What’s happening The yield on the 2-year Treasury note BX:TMUBMUSD02Ywas steady at 5.024%. The yield climbed 8.6 basis points on Thursday to 5.022%, the highest level since Oct. 31. The yield on the 10-year Treasury note BX:TMUBMUSD10Ywas steady at 4.625%, after jumping 12.3 basis
  
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• Kelley Blue Book: The 2024 Honda CR-V Hybrid: The king of the suburban road still excels—plus, fewer trips to the gas station

  10-11-2023 11:02
  Pros Spacious cabin Great build quality Excellent fuel economy Cons Relatively small screens What’s new? Sport-L Hybrid trimThe 2024 Honda CR-V Hybrid compact SUV boosts fuel economy and power over its regular combustion counterpart, while retaining all the other great qualities. Pricing starts at $33,350When we gave the current CR-V our Best Buy and Best Family Car awards, we meant all versions, including this hybrid variant. The CR-V is a superb, well-considered packa
  
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• NerdWallet: Small-business retailers: How to make gift cards your ticket to success this holiday season

  10-11-2023 11:01
  This article is reprinted by permission from NerdWallet.  With the holiday shopping season fast approaching, a simple addition to your catalog can go a long way: gift cards. Unlike other types of inventory, gift cards are cheap to produce, easy to ship and unlikely to be returned. If you offer digital gift cards, you can’t run out — and you can keep making sales until a few minutes before gifts are exchanged.“People love giving gift cards,” says Rachel DeCavage, owne
  
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• Next Avenue: Envision your ideal future—and other ways to cope with job insecurity and workplace anxiety

  10-11-2023 11:00
  This article is reprinted by permission from NextAvenue.org. Many of us know friends and family who were recently laid off, denied their bonus, or had their raise postponed. You may have already survived a round of layoffs at work.The entire workforce, which shifted away from the office during the COVID pandemic, has now been ordered back to company cubicles in whiplash style. Continued slow economic growth, rising interest rates and concerns about a looming recession may have spiked your w
  
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• EURUSD: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 10:50 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0654 with a target of 1.0855 – 1.0950.Alternative scenario: breakout and consolidation below the level of 1.0654 will allow the pair to continue declining to the levels of 1.0447 – 1.0256.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first counter-trend wave 1 of (A) of B formed as its part. A downside correction appears t
  
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• Market Snapshot: U.S. stock futures struggle as investors weigh up higher-for-longer rates

  10-11-2023 10:34
  U.S. stock futures struggled Friday, in the aftermath of a poor bond auction and fresh signs that interest rates may stay higher for longer that halted winning streaks for major indexes.How stock-index futures are trading S&P 500 futures ES00, -0.03%slipped 1.5 points to 4,360.75 Dow Jones Industrial Average futures YM00, +0.10%rose 29 points to 33,974 Nasdaq-100 futures NQ00, -0.18%were off 38.75 points at 15,217.75On Thursday, the Dow industrials DJIAdropped 220.33 points, or 0.7%, to clos
  
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• Lucky Ticket Brazil competition extended for two months

  10-11-2023 10:31 via litefinance.org
  
  Dear clients,We are glad that hundreds of traders from Brazil decided to take part in the exclusive Lucky Ticket competition. We decided to extend the draw until January 31, 2024, so that even more of our clients have time to take part in the contest.We have prepared four cash prizes as rewards:We will give two lucky winners 500 USD each on January 30, 2024, at 12:00 and 13:00. We raffle off two prizes of 1000 USD each on January 31, 2024, at 12:00 and 13:00.
  How to take part in the Lucky Ticket
  
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• USDCHF: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 10:20 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.9113 with a target of 0.8807 – 0.8706. Alternative scenario: breakout and consolidation above the level of 0.9113 will allow the pair to continue rising to the levels of 0.9242 – 0.9352.Analysis: a downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. A bullish correction is currently unfolding as second wave 2 of (5). Wave of s
  
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• USDCAD: Elliott wave analysis and forecast for 10.11.23 – 17.11.23

  10-11-2023 09:49 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.3895 with a target of 1.3493 – 1.3395. Alternative scenario: breakout and consolidation above the level of 1.3895 will allow the pair to continue rising to the levels of 1.4100 – 1.4300.Analysis: a bullish first wave of larger degree (1) is presumably developing on the daily time frame, with the fifth wave 5 of (1) forming as its part. The first wave of smaller degree i of 5 is formed on the H4 chart,
  
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• Short-term analysis for oil, gold, and EURUSD for 10.11.2023

  10-11-2023 08:05 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Gold will continue to grow.Oil price forecast for today: USCrude analysisThe oil price continues to trade in correction to the short-term downtrend. Resistance (A) 78.56 - 78.23 serves as a possible correction target. If this zone is tested, it will be possib
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 10.11.2023

  10-11-2023 06:31 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisDue to the rapid price rise, most likely Bitcoin began to develop wave (5), which means that the triangular correction (4) has been completed. Wave (4) looks like a contracting triangle A-B-C-D-E. Shortly, expect a price rise to 39862.00, where sub-wave (5) will be 76.4% of th
  
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• : Meta reportedly will team with Tencent to sell new VR headset in China

  10-11-2023 05:14
  Meta Platforms Inc. has a preliminary deal to sell a new, lower-cost version of its virtual-reality headset in China, the Wall Street Journal reported Thursday night, giving the tech giant access to Chinese consumers for the first time in more than a decade. The Journal reported Tencent Holdings Ltd. will make Meta’s new headset and be its exclusive seller within China, starting in late 2024. Meta META, +0.24%would get the majority of revenue from device sales, according to the Journal, wh
  
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• Dow Jones Newswires: Honda shares slide in Tokyo after profits miss expectations

  10-11-2023 04:53
  Honda Motor’s shares 7267, -4.93%dropped sharply after its operating and net profits for the fiscal first half missed analysts’ expectations. Shares were recently 6.0% lower at 1,555.5 yen ($10.28) after sliding as much as 7.2% earlier Friday morning. The stock is headed for its biggest daily decline since March 2020, according to FactSet.The Japanese automaker said Thursday after the market closed that its operating profit for the April-September period rose 54% on year to Y696.57 b
  
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• : Ransomware attack against ICBC disrupts U.S. Treasury market: reports

  10-11-2023 04:44
  The U.S. arm of the Industrial & Commercial Bank of China was hit by a ransomware attack, reportedly causing disruptions to the U.S. Treasury market. ICBC 1398, -0.81%,the world’s largest bank by assets, announced Thursday that U.S.-based ICBC Financial Services “experienced a ransomware attack that resulted in disruption” to certain internal systems on Wednesday. The bank said the impacted systems were immediately disconnected and isolated, and law enforcement was notified
  
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• Dow Jones Newswires: RBA warns inflation more persistent, revises its forecasts higher

  10-11-2023 03:18
  SYDNEY — The Reserve Bank of Australia sharply revised up its forecasts for core inflation in the near term and warned that inflation pressures are cooling at a slower pace than anticipated against the backdrop of an economy that is proving more resilient than expected. Trimmed mean inflation, which is central to policy decisions at the RBA, is now expected to be running at 4.0% on-year by mid-2024, up from a forecast of 3.25% on-year in August.Overall, the RBA expects inflation will be at
  
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• Dow Jones Newswires: SoftBank shares slump in Tokyo after second-quarter net loss

  10-11-2023 03:16
  By Kosaku Narioka SoftBank Group shares fell sharply after the Japanese technology and investment company posted a second-quarter net loss due to weak tech investment results. The company’s shares were recently 6.0% lower at 5,924 yen after falling as much as 7.6% earlier Friday morning.SoftBank Group said Thursday after market close that it booked a net loss of 931.11 billion yen ($6.15 billion), compared with a net profit of Y3.034 trillion in the year-earlier period, which had been boos
  
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• MarketWatch First Take: Unity Software has a fleeting moment to win back developers — and investors

  10-11-2023 01:56
  Jim Whitehurst, the recently named interim chief executive of Unity Software, has a brief window of time to restore trust between the troubled gaming development company, its investors and developers. And he knows it. In a brief Zoom call with analysts after Unity’s U, -3.15%disappointing third-quarter results Wednesday — in which the company offered no guidance for the fourth quarter — Whitehurst and Chief Financial Officer Luis Visoso said they are “examining the compan
  
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• The Ratings Game: Topgolf Callaway stock has its worst day in more than 3 years. But analysts say golf equipment’s not the problem.

  10-11-2023 01:10
  Shares of Topgolf Callaway Brands Corp. on Thursday suffered their worst percentage drop in more than three years, after the golf-equipment and venue giant a day earlier cut its full-year outlook and analyst sentiment on the stock soured.But analysts say that enthusiasm for golfing, which surged after pandemic lockdowns hit in 2020, isn’t the main issue for Topgolf Callaway MODG, -16.87%.Rather, they say, the difficulties lie with its sports-entertainment chain Topgolf, where higher prices
  
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• : Thousands of AMC shareholders wanted the board to go, but abstentions carried the day

  10-11-2023 00:01
  Tens of thousands of AMC Entertainment Holdings Inc. shareholders voted to, in essence, throw out the entertainment company’s board, but the proposal went nowhere because of no-shows and abstentions.AMC reported the results of its Wednesday shareholder meeting in a regulatory filing late Thursday. The first of seven proposals called to declassify AMC’s board of directors and to shorten all existing terms so they’d end at the meeting.That got slightly more than 34,000 “yes
  
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