Uber Secures $5B Revolving Credit Facility: Teams Up With?

On Friday, Uber Technologies, Inc. (NYSE:UBER) announced it has partnered with Spirit Halloween to enhance its on-demand delivery services. The Spirit Halloween catalog will be accessible on Uber at the same in-store prices. Uber One members will get a $0 delivery fee and a 5% discount on Spirit Halloween orders over $35. Additionally, all consumers […]

Lekha Gupta | September 27, 2024

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Why Nike Shares Are Trading Higher by Around 7%; Here Are 20 Stocks Moving

Shares of NIKE, Inc. (NYSE:NKE) rose sharply in today’s pre-market trading after the company announced a CEO transition. After the market close on Thursday, Nike announced that longtime Nike veteran Elliott Hill will become president and CEO of Nike, effective Oct. 14. Hill will also become a director on the board and a member of […]

Avi Kapoor | September 20, 2024

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JP Morgan Downgraded, Bank of America and Wells Fargo Upgraded

Deutsche Bank analyst Matt O-Connor revised ratings on JP Morgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC). JP Morgan: The analyst downgraded the rating to Hold from Buy while retaining the price target at $235. The analyst writes that JPM shares have led bank stocks YTD with […]

Lekha Gupta | September 3, 2024

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Birkenstock misses quarterly profit estimates as expansion plan hits margins

By Ananya Mariam Rajesh (Reuters) -Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in early trading. The company has been opening more stores in newer markets such as India and Japan amid robust global demand and to […]

Reuters | August 29, 2024

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Samsung & GM to Build $3.5 Billion Joint EV Battery Factory

By Heekyong Yang and David Shepardson SEOUL/WASHINGTON (Reuters) -South Korea’s Samsung SDI said on Wednesday it has completed an agreement with General Motors to build a joint electric vehicle (EV) battery factory in the U.S. state of Indiana. The two companies will invest about $3.5 billion to build a battery cell manufacturing plant with an […]

Reuters | August 28, 2024

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Upcoming Earnings Season Likely To Be ‘Problematic’ For Investors, Cautions Senior Analyst: ‘Going To Be A Massive Wake-Up Call’

As the sense of optimism spurred by the Federal Reserve’s recent decision to hold interest rates fades away the first quarter earnings could surprise investors, predicts a seasoned analyst. What Happened: The Fed’s forecast of two rate cuts this year, despite inflation not yet reaching the 2% target, has piqued investor interest. Dan Niles, founder of Niles Investment Management, in an […]

SoftBank Unveils AI Model: Stock Could Move?

SoftBank Corp. (OTC:SFTBF) (OTC:SFTBY) has introduced a new generative AI model called the Large Telecom Model. The Japanese investment firm designed LTM to improve the design, management, and functioning of cellular networks. Built on extensive datasets from SoftBank’s network and years of operational expertise, the LTM is set to optimize telecom operations. The company intends […]

Warren Buffett-Backed BYD Eyes Germany for Third European Plant

Warren Buffett-backed Chinese EV giant BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) is reportedly contemplating establishing a third assembly plant in Germany. What Happened: According to a report by Reuters, BYD is looking to expand its manufacturing footprint in Europe and is considering Germany for its third plant. This move comes after Germany, Europe’s largest economy, opposed […]

Ulta Beauty Analysts Slash Their Forecasts After Q4 Results

Ulta Beauty, Inc. (NASDAQ:ULTA) reported stronger-than-expected fourth-quarter financial results on Thursday. Ulta Beauty reported fourth-quarter revenue of $3.49 billion, beating the consensus estimate of $3.46 billion. The specialty beauty retailer reported fourth-quarter earnings of $8.46 per share, beating analyst estimates of $7.14 per share, according to Benzinga Pro. “I am incredibly optimistic about the future […]

Casey’s General Stores Hits Record Highs

Caseys General Stores, Inc. (NASDAQ:CASY) shares are trading higher premarket on Wednesday after the company reported third-quarter FY24 results on Tuesday. Revenue of $3.90 billion beat the consensus of $3.73 billion. Inside same-store sales rose by 3.7% year-over-year (Y/Y) and 8.0% on a two-year stacked basis, with an inside margin of 40.9%. They were driven […]

U.S. Shale Industry Can Deliver Trump’s Pledge For ‘Drill, Baby: ‘The Economics of Shale Don’t Work,’ Says Expert

The U.S. shale sector is capable of ramping up oil production even if prices fall to $50 per barrel, according to U.S. Energy Secretary, Chris Wright. What Happened: Wright, formerly the CEO of Liberty Energy (NYSE:LBRT), is optimistic about the sector’s potential to innovate and achieve efficiency gains, thereby enabling higher production at lower prices, reported The Financial […]

Top Wall Street Forecasters Revamp Paymentus Price Expectations Ahead Of Q4 Earnings

Paymentus Holdings, Inc. (NYSE:PAY) will release its fourth-quarter financial results, after the closing bell, on Monday, March 10. Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at 12 cents per share, up from 9 cents per share in the year-ago period. Paymentus projects quarterly revenue of $222.06 million, compared to $164.8 million […]

Why Is Jack Daniel’s Parent Brown-Forman Stock Trading Higher Today?

Brown-Forman Corp (NYSE:BF) shares are trading higher in premarket on Wednesday. The company reported a third-quarter FY25 sales decline of 3% year-on-year to $1.03 billion, missing the analyst consensus estimate of $1.08 billion. EPS of $0.57 beat the consensus estimate of $0.47. The gross margin expanded about 40 basis points to 59.8%. The operating margin […]

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