Analyst news

• Amgen ‘very encouraged’ by preliminary data from weight-loss drug trial, stock jumps

  02-05-2024 23:56 via rocketnews.com
  Shares of Amgen Inc. rallied in the extended session Thursday after the drugmaker posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Amgen Inc. rallied in the extended session Thursday after the drugmaker posted adjusted earnings above expecta
  
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• Cloudflare’s stock is tanking after revenue outlook disappoints investors

  02-05-2024 22:51 via rocketnews.com
  Cloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.
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  [mwai_chat context=”Let’s have a discussion about this article:nnCloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a re
  
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• Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.

  02-05-2024 22:45 via rocketnews.com
  A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic re
  
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• Fortinet’s stock falls 9% after cybersecurity company’s quarterly billings drop

  02-05-2024 22:43 via rocketnews.com
  Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first q
  
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• May is usually a good time to buy Treasurys. Why investors may want to disregard this seasonal noise.

  02-05-2024 20:20 via rocketnews.com
  One of Wall Street’s oldest adages — “sell in May and go away” — has tempted stock-market investors into dumping equities this month and returning to the market in November. The opposite of this seasonal pattern exists in the U.S. government-debt market.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOne of Wall Street’s oldest adages — “sell in May and go away” &
  
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• Regeneron’s stock climbs 4% as analyst look past earnings miss to focus on pipeline

  02-05-2024 19:49 via rocketnews.com
  Regeneron Pharmaceuticals’ stock reversed early losses to trade higher on Thursday, as analysts looked beyond a first-quarter earnings miss to focus on some of the biotech’s pipeline products.
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  [mwai_chat context=”Let’s have a discussion about this article:nnRegeneron Pharmaceuticals’ stock reversed early losses to trade higher on Thursday, as analysts looked beyond a first-quarter earnings miss to focus on some of th
  
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• Boeing Forecast: BA Stock Price Prediction for 2024 and Beyond

  02-05-2024 17:00 via litefinance.org
  
  In the ever-evolving stock market landscape, Boeing Co. (NYSE: BA) emerges as a focal point for investors and financial analysts. Addressing the pivotal question, "Are Boeing prices expected to go up or down?" The analysis leans towards an upward trajectory. This positive sentiment is backed by an anticipated improvement in financial fundamentals, including revenue and EPS, positioning Boeing as a stock with promising prospects for growth.Highlights and Key Points: Boeing Stock Forecast 2024-203
  
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• U.S. trade deficit hover near highest level in almost a year

  02-05-2024 14:42 via rocketnews.com
  The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth.nnDi
  
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• Highly ranked manager who bet on Mag 7 giants looks to these second-order winners from AI

  02-05-2024 14:39 via rocketnews.com
  The MainStay Winslow Large Cap Growth fund owes a lot of its returns to Big Tech. Co-portfolio manager Justin Kelly is hot on the hunt for new winners. Here are some ideas.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe MainStay Winslow Large Cap Growth fund owes a lot of its returns to Big Tech. Co-portfolio manager Justin Kelly is hot on the hunt for new winners. Here are some ideas.nnDiscussion:nn” ai_na
  
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• Pound to face roadblocks. Forecast as of 02.05.2024

  02-05-2024 12:31 via litefinance.org
  
  As the general election approaches, the government is talking more and more about fiscal and monetary stimulus. However, the independence of the Bank of England bars such talks. How will this affect the GBPUSD pair? Let’s discuss that and make a trading plan for GBPUSD.Weekly fundamental forecast for pound sterlingThe British pound closed five out of seven last trading sessions with green figures. Investors may have mistakenly believed that UK inflation was to blame. In March, it slow
  
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• A.P. Moeller-Maersk expects Red Sea disruptions through rest of the year

  02-05-2024 11:46 via rocketnews.com
  Shipping giant A.P. Moeller Maersk said it is planning to reroute cargo usually traveling through the Red Sea to the Cape of Good Hope for the remainder of the year, as it boosted financial guidance.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShipping giant A.P. Moeller Maersk said it is planning to reroute cargo usually traveling through the Red Sea to the Cape of Good Hope for the remainder of the year, as it b
  
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• Two-year Treasury yields back below 5% after Powell suggests rate hike unlikely

  02-05-2024 10:01 via rocketnews.com
  Bond yields fell early Thursday as the market continued to express relief that the Federal Reserve’s latest monetary policy meeting passed without a shift to notably more hawkish rhetoric.
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  [mwai_chat context=”Let’s have a discussion about this article:nnBond yields fell early Thursday as the market continued to express relief that the Federal Reserve’s latest monetary policy meeting passed without a shift to notably more h
  
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• Shell launches $3.5 billion buyback after earning $7.7 billion

  02-05-2024 09:54 via rocketnews.com
  Shell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins from crude and oil trading, while the energy giant kicked off a $3.5 billion share buyback program as it hurries to close the valuation gap between it and its U.S. rivals.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins fro
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 02.05.2024

  02-05-2024 09:24 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 analysisComplex correction (4) continues developing. Inside it, the actionary wave Y is currently unfolding. The impulse wave [C] of Y may end at the level of 55311.58. Then the price will rise in a new trend. Thus, in the current situation, consider opening short trades.Trading plan
  
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• Short-term analysis for oil, gold, and EURUSD for 02.05.2024

  02-05-2024 09:15 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.The euro and gold rose yesterday following the Fed's decision to keep interest rates unchanged.Oil price forecast for today: USCrude analysisOil continued its short-term downtrend yesterday. The price reached below the April 22 low, and the decline continued
  
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• USD needs to jump higher. Forecast as of 02.05.2024

  02-05-2024 09:05 via litefinance.org
  
  Federal Reserve officials are not in a rush to lower rates and have no intention of raising them, as Jerome Powell stated. However, the central bank's final verdict will depend on the data. Let's discuss this topic and make up a trading plan for EURUSD. Daily US dollar fundamental forecastJerome Powell didn't spook the markets. The good news for the S&P 500 and EURUSD is that the Fed Chairman did not come up with any surprises. The bad news is that the bar for cutting the Fed funds
  
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• Carvana’s stock rallies more than 30% on surprise profit for used-car retailer

  02-05-2024 02:25 via rocketnews.com
  Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of
  
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• Exxon-Pioneer deal set to be cleared by FTC, reports say. But there’s an unusual twist.

  02-05-2024 02:14 via rocketnews.com
  Exxon Mobil Corp.’s $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesday, but there’s a twist involving the latter’s former chief executive.
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  [mwai_chat context=”Let’s have a discussion about this article:nnExxon Mobil Corp.’s $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesd
  
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• DoorDash’s outlook is sinking its stock. But one analyst says it typically forecasts conservatively.

  02-05-2024 00:32 via rocketnews.com
  Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric that was just shy of estimates.
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  [mwai_chat context=”Let’s have a discussion about this article:nnFood-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter l
  
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