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Mar 25, 2025 1:02 PM - Davit Kirakosyan
McCormick Posts Q1 Earnings Miss, But Full-Year Outlook Holds Firm
McCormick (NYSE:MKC) announced its first-quarter earnings, which fell short of Wall Street expectations, despite revenue meeting forecasts and guidance remaining unchanged. For the quarter, the spice and flavoring maker reported adjusted earnings per share of $0.60, below the $0.64 consensus estimat...
Mar 25, 2025 12:59 PM - Davit Kirakosyan
Core & Main Reports Q4 Profit Miss, But 2025 Outlook Signals Rebound
Core & Main (NYSE:CNM) reported fourth-quarter earnings, which came in below expectations, even as revenue slightly exceeded forecasts and the full-year outlook pointed to continued growth. The water infrastructure specialist posted earnings per share of $0.33, falling short of analysts’ estimate of...
Mar 25, 2025 12:56 PM - Davit Kirakosyan
Canadian Solar Rises 3% Despite Steep Q4 Loss and Soft Outlook
Canadian Solar (NASDAQ:CSIQ) delivered a mixed fourth-quarter report, with revenue surpassing expectations but earnings coming in well below forecasts, and issued a cautious outlook for 2025. Despite the miss, shares rose more than 3% intra-day today. The company reported Q4 revenue of $1.67 billion...
Mar 25, 2025 12:53 PM - Davit Kirakosyan
KB Home Plunges Over 8% After Q1 Miss and Lowered 2025 Outlook
KB Home (NYSE:KBH) shares tumbled more than 8% intra-day today after the homebuilder reported weaker-than-expected first-quarter results and issued a downward revision to its full-year revenue forecast. For the quarter, the company posted earnings per share of $1.49, falling short of analyst expecta...
Mar 25, 2025 12:48 PM - Davit Kirakosyan
Morgan Stanley Upgrades Carvana to Overweight, Sees Over 30% Upside After Pullback
Morgan Stanley upgraded Carvana (NYSE:CVNA) from Equalweight to Overweight, lifting its price target to $280 from $260, citing the stock’s recent decline as a compelling entry point into a leader in online auto retail and fleet logistics. The analysts highlighted that a sharp pullback in Carvana’s s...
Mar 25, 2025 12:43 PM - Davit Kirakosyan
Raymond James Upgrades HealthEquity to Strong Buy Despite Fraud Concerns
Raymond James upgraded HealthEquity (NASDAQ:HQY) from Outperform to Strong Buy, setting a new price target of $115, slightly below the previous $120, citing confidence in the company’s ability to resolve near-term challenges despite ongoing industry-wide fraud risks. The analysts acknowledged that i...
Mar 25, 2025 8:00 AM - Tony Dante
Chewy Inc. (NYSE:CHWY) Quarterly Earnings Preview
Chewy Inc. (NYSE:CHWY) is a prominent online retailer specializing in pet products. The company is known for its extensive range of pet supplies, including food, toys, and healthcare products. Chewy's auto-ship service is a key feature, providing customers with a convenient way to receive regular de...
Mar 25, 2025 2:21 AM - Parth Sanghvi
Tesla's European Sales Slump Highlights Growing Competition and Brand Challenges
Tesla’s European performance took a significant hit in February, with new car registrations in the EU, EFTA, and the UK falling 40.1% year-on-year to 16,888 units. This steep decline saw the automaker’s market share shrink from 2.8% a year earlier to just 1.8%. The slump—mirroring similar performanc...
Mar 25, 2025 2:20 AM - Parth Sanghvi
Asian Markets Maintain a Narrow Range Amid Tariff Optimism and Mixed Economic Signals
Most Asian stocks extended recent gains on Tuesday as investors digested reports that President Donald Trump’s April 2 tariffs will be less severe than initially feared. This has provided some relief for risk-averse markets, even as lingering uncertainty over the scope of the targeted tariffs—expect...
Mar 25, 2025 2:19 AM - Parth Sanghvi
Cognizant Accelerates AI Adoption with NVIDIA Collaboration
Cognizant (NASDAQ:CTSH) is driving forward its AI transformation, unveiling a suite of advancements built on NVIDIA AI that aim to boost the cross-industry adoption of artificial intelligence. During its recent announcement, Cognizant detailed five key focus areas for its AI initiatives: Enterpri...
Mar 25, 2025 2:18 AM - Parth Sanghvi
Alibaba Chair Warns of a Potential Bubble in AI Datacenter Construction
At the recent HSBC Global Investment Summit in Hong Kong, Alibaba Chair Joseph Tsai raised concerns about a growing bubble in the construction of datacenters dedicated to artificial intelligence. Tsai warned that the rapid pace of new AI-linked infrastructure may soon outstrip actual demand for the ...
Mar 25, 2025 2:18 AM - Parth Sanghvi
Trump’s Tariff Plans Ease, Asian Markets Brace for Impact
Reports indicate that U.S. President Donald Trump could unveil a more targeted tariff plan on April 2—eschewing broad, industry-wide measures for a selective approach aimed at approximately 15 countries with significant trade imbalances. This development has provided some relief for Asian markets, w...
Mar 25, 2025 2:17 AM - Parth Sanghvi
UBS Sees Superior Risk-Reward in U.S. AI Stocks Over Chinese Counterparts
UBS analysts believe that U.S. AI stocks offer a notably superior risk-reward profile compared to their Chinese peers. The report cites several key factors driving this view, including greater monetization opportunities, robust free cash flow generation, and a significantly larger addressable market...
Mar 25, 2025 2:16 AM - Parth Sanghvi
UBS Encourages Buying U.S. Equities at 10% Pullback
UBS analysts are urging investors to take advantage of the recent equity pullback in the U.S., noting that historical data shows buying the S&P 500 at a drawdown of around 10% has delivered superior absolute and risk-adjusted returns. According to Head CIO Global Equities Ulrike Hoffmann-Burchardi, ...
Mar 25, 2025 2:16 AM - Parth Sanghvi
Bitcoin’s Strong Fundamentals Meet Technical Challenges, While Gold Outperforms
Cantor Fitzgerald analysts have noted that despite an exceptionally strong fundamental case for Bitcoin—boosted by increased corporate adoption and favorable regulatory developments—technical indicators suggest potential headwinds ahead. Analyst Brett Knoblauch pointed out that Bitcoin may need to r...
Mar 25, 2025 2:15 AM - Parth Sanghvi
JPMorgan and Walmart Team Up to Accelerate Embedded Payments
JPMorgan Chase and Walmart are partnering to enhance payment processing for merchants on Walmart’s expansive marketplace platform. This collaboration aims to streamline cash flow management for over 100,000 sellers that collectively offer more than 700 million items—from beauty and clothing to elect...
Mar 25, 2025 2:14 AM - Parth Sanghvi
Oil Prices Steady Amid Tariff Developments and Global Trade Concerns
Oil prices remained relatively unchanged on Tuesday as investors weighed the impact of newly announced U.S. tariffs on countries importing Venezuelan oil and grappled with an uncertain global demand outlook. Key Highlights: Tariff Impact: Both Brent crude and U.S. West Texas Intermediate (WTI...
Mar 25, 2025 2:14 AM - Parth Sanghvi
U.S. Stock Rally Boosted by Narrower Tariff Outlook and Fed Cues
Introduction U.S. markets closed higher on Monday as investors reacted positively to news that upcoming trade tariffs will be narrower and less disruptive than initially feared. This shift in sentiment helped drive strong gains in major indices, led by the technology sector. With a focus on Fed c...
Mar 25, 2025 2:13 AM - Parth Sanghvi
Cathie Wood’s Bullish Outlook: Tesla Targeted at $2,600 in Five Years
Introduction In a recent Bloomberg interview, Cathie Wood of Ark Investment reaffirmed her bullish stance on Tesla (NASDAQ: TSLA), forecasting that the electric vehicle maker could reach $2,600 per share within five years. Wood believes that Tesla’s upcoming robo taxi service will be the key valu...
Mar 25, 2025 2:12 AM - Parth Sanghvi
BofA Warns Trend-Following CTAs Could Increase Short Exposure in U.S. Equities
Introduction Bank of America (BofA) has raised concerns that trend-following strategies may continue to pressure U.S. equities in the near term. According to BofA’s models, commodity trading advisers (CTAs) are expected to add to short positions in both the S&P 500 and Nasdaq 100 next week. This ...
