FMP
Our Blogs
Oct 21, 2024 3:02 PM - Davit Kirakosyan
Needham Upgrades GitLab to Buy, Citing Product Innovation and Enterprise Growth
Needham analysts upgraded GitLab (NASDAQ:GTLB) to Buy from Hold, setting a price target of $70 on the stock. The upgrade reflects growing confidence in GitLab’s ability to capitalize on its expanded product offerings and strong adoption of its Ultimate tier, particularly within the enterprise sector...
Oct 21, 2024 2:59 PM - Davit Kirakosyan
Baird Reaffirms Positive Outlook on Boeing Despite Anticipated Q3 Losses
Baird maintained its optimistic view on Boeing (NYSE:BA), keeping an Outperform rating with a price target of $240, as the aerospace giant navigates significant events in the coming days. As a result, shares of the company gained more than 3% intra-day today. Boeing and the International Associatio...
Oct 21, 2024 2:00 PM - Rayan Ahmad
Analyst Sets Optimistic Price Target for CVS Health Despite Earnings Miss
On October 21, 2024, David MacDonald from Truist Financial set a price target of $76 for CVS Health (NYSE:CVS). At that time, the stock was priced at $58.20, suggesting a potential upside of about 30.6%. Despite CVS Health's preannouncement of a significant earnings miss, analysts remain optimistic ...
Oct 21, 2024 1:59 PM - Davit Kirakosyan
JPMorgan Downgrades Hertz Global Holdings Amid Travel Slowdown
Hertz Global Holdings (NASDAQ:HTZ) shares plunged more than 8% intra-day today after JPMorgan downgraded the company to Underweight from Neutral, citing softer travel trends and challenges in managing its vehicle fleet as key risks for the company’s future financial performance. JPMorgan highlighte...
Oct 21, 2024 1:55 PM - Davit Kirakosyan
Berkshire Hathaway’s Price Target Boosted at UBS
UBS analysts raised their price target for Berkshire Hathaway (NYSE:BRK-B) to $538 from $506, citing the conglomerate’s stock trading at a slight discount to its intrinsic value. The firm also boosted its forecast for Berkshire’s third-quarter earnings per share, pointing to improved underwriting pe...
Oct 21, 2024 1:53 PM - Davit Kirakosyan
TD Cowen Downgrades SolarEdge, Stock Drops 4%
SolarEdge Technologies (NASDAQ:SEDG) shares dropped more than 4% intra-day today after TD Cowen downgraded the company to Hold from Buy, citing persistent challenges in European markets that are expected to delay the company’s recovery in terms of volume, margins, and free cash flow. Along with the ...
Oct 21, 2024 1:50 PM - Davit Kirakosyan
Lumen Technologies Soars 15% After Strategic Partnership with Meta
Lumen Technologies (NYSE:LUMN) saw its shares surge by more than 15% intra-day today following the announcement of a strategic collaboration with Meta Platforms (NASDAQ:META) designed to significantly expand network capacity to support Meta’s rapidly growing artificial intelligence (AI) infrastructu...
Oct 21, 2024 1:08 PM - Alex Lavoie
CVRx, Inc. (NASDAQ: CVRX) Maintains "Overweight" Rating by Cantor Fitzgerald
On October 21, 2024, Cantor Fitzgerald maintained its "Overweight" rating for CVRx, Inc. (NASDAQ: CVRX), a company specializing in medical devices. The stock was held at a price of $10.55. CVRx focuses on innovative therapies for heart failure, with its flagship product being Barostim, a baroreflex ...
Oct 21, 2024 1:05 PM - Alex Lavoie
Steel Dynamics Inc. (NASDAQ:STLD) Surpasses Market Expectations with Strong Q3 Earnings
Steel Dynamics Inc. (NASDAQ:STLD) is a prominent player in the steel industry, known for its innovative steel production and recycling operations. The company competes with other major steel producers like Nucor Corporation and ArcelorMittal. On October 21, 2024, Glenn Pushis, Senior Vice President ...
Oct 21, 2024 1:00 PM - Tony Dante
Autoliv Inc. (NYSE: ALV) Reports Q3 Earnings, Faces Market Challenges
Autoliv Inc. (NYSE: ALV) is a leading manufacturer of automotive safety systems, including airbags, seatbelts, and steering wheels. The company operates globally, with a significant presence in markets like Europe, North America, and Asia. Autoliv faces competition from other automotive safety suppl...
Oct 21, 2024 12:00 PM - Danny Green
SLB's Earnings Report Highlights
SLB, a leading oilfield services provider listed on the NYSE, reported earnings per share (EPS) of $0.89 on October 18, 2024. This figure surpassed the estimated $0.885, marking a positive earnings surprise of 1.14%. Despite this, the company's revenue of $9.16 billion fell short of the estimated $9...
Oct 21, 2024 11:09 AM - Parth Sanghvi
S&P 500’s Era of Big Gains Is Over: What This Means for Investors
Goldman Sachs has issued a sobering forecast regarding the S&P 500, predicting the end of its decade-long era of significant gains. As the economic landscape shifts, this transition raises critical questions for investors about future strategies and portfolio adjustments. The Shift in Market Dyna...
Oct 21, 2024 11:08 AM - Parth Sanghvi
U.S. Stock Futures Edge Higher as Q3 Earnings Approach
U.S. stock futures are showing modest gains as investors gear up for the upcoming third-quarter earnings season. Anticipation is building around how companies will report their performance amid a challenging economic backdrop characterized by inflationary pressures and rising interest rates. Posi...
Oct 21, 2024 11:08 AM - Parth Sanghvi
Oil Prices Steady After Seven-Week Decline
Oil prices are stabilizing following a significant seven-week drop, as market participants assess supply dynamics and global economic indicators. The recent fluctuations highlight the ongoing volatility in the energy sector, influenced by geopolitical tensions and changing demand forecasts. Facto...
Oct 21, 2024 11:07 AM - Parth Sanghvi
Bitcoin Reaches Three-Month High as Trump Odds Influence Currencies
Bitcoin has surged to a three-month high, fueled by shifting political dynamics and their potential impact on financial markets. As former President Donald Trump’s odds of a Republican nomination increase, traders are closely watching how this political landscape influences various currencies, inclu...
Oct 21, 2024 11:07 AM - Parth Sanghvi
Tesla's Post-Q3 Performance to Depend on Gross Margin, According to Piper Sandler
As Tesla prepares for its post-Q3 performance analysis, market analysts are keenly focused on the company's gross margin metrics. Piper Sandler has highlighted that the upcoming earnings report will play a crucial role in determining the stock's trajectory, with gross margins expected to be a key in...
Oct 21, 2024 11:06 AM - Parth Sanghvi
The Key Robotaxi Question: Do Waymo or Tesla Need Uber and Lyft?
As autonomous vehicle technology continues to evolve, the question of whether Waymo and Tesla require ride-hailing giants like Uber and Lyft becomes increasingly relevant. Both companies are making strides in the robotaxi space, aiming to revolutionize urban transportation. But can they succeed inde...
Oct 21, 2024 11:06 AM - Parth Sanghvi
Asia Shares Wobble as Bitcoin Rallies on Trump Trade
Recent market movements in Asia reflect a blend of optimism and uncertainty as investors digest various economic signals. While Asian shares experience volatility, Bitcoin's rally offers a glimpse of resilience amid the shifting landscape. Market Sentiment in Asia Asian stock markets have show...
Oct 21, 2024 11:05 AM - Parth Sanghvi
S&P 500 Futures Steady as Earnings-Heavy Week Looms
As investors brace for a week packed with earnings reports, S&P 500 futures are holding steady, reflecting cautious optimism in the market. Major companies, including Boeing, are in the spotlight as they prepare to disclose their financial performance. Market Overview The upcoming week is anti...
Oct 21, 2024 11:03 AM - Parth Sanghvi
Investors Anticipate Volatile Nasdaq Return for AI Firm Split from Russia's Yandex
As the Nasdaq prepares for a volatile return, investors are closely monitoring the implications of AI firms splitting from Russia's Yandex. This development has sparked conversations about the future of AI investments and the broader tech landscape. Market Reaction to the Split The decision fo...
