United Airlines Upgraded, American Airlines Downgraded By Wall Street Experts
United Airlines was upgraded from a Neutral to a Buy by equity analyst Redburn with an $80 price target. Redburn cited its preference for international airlines at this time as a reason for the move, along with the decline in narrow-bodied aeroplane deliveries.
In contrast,...
U.S. Stocks Mixed as Fed Decision Countdown Gets Underway
U.S. stocks were mixed on Wednesday as investors braced themselves for the Federal Reserve's latest interest rate decision due to be released later in the day. Markets are expecting the Fed to pause its interest rate hiking agenda, keeping rates in the range of...
Dick’s Sporting Goods Beats Q1 Estimates
Shares in Dick's Sporting Goods were up 0.7% to $127.29 on Tuesday morning after the retailer released its earnings report for the first financial quarter.
Dick's Sporting Goods reported earnings per share of $3.40, beating the $2.85 per share that the company earned during the...
U.S. and European Stocks Rise Following Positive U.S. Tech Profits
Both U.S. and European stocks advanced on Friday following a week of strong earnings reports from U.S. tech stocks. Prior to Thursday's market close, the tech-heavy Nasdaq Composite Index surged 2.43% to 12,142 points, while the S&P 500 gained 1.96% to 4,135 points. The...
Costco Shares Down Following Mixed Earnings Results
Costco shares were down by 2% after the market's close on Thursday night after the company released its fiscal second-quarter earnings results. The big box retailer's earnings results appeared mostly mixed, however, most metrics beat expectations.
Revenue for the period was $55.27 billion, narrowly missing...
Stocks Decline as Volatile Month Wraps Up
U.S. stocks declined on Tuesday, thereby wrapping up a volatile month of trading in February. This comes after all three New York indexes edged higher on Monday to rebound from the largest weekly loss of the year.
The S&P 500 declined by 0.3% on Tuesday,...