FMP
Our Blogs
Dec 20, 2024 8:44 AM - Davit Kirakosyan
FedEx Stock Surges 7% as Company Announces Freight Spinoff & Q2 Results
FedEx (NYSE:FDX) experienced a significant boost in pre-market trading, with shares rising over 7% following the announcement of a strategic move to spin off its less-than-truckload (LTL) freight division. This decision aims to establish two independent, market-leading public companies, allowing eac...
Dec 20, 2024 8:42 AM - Davit Kirakosyan
Nike Stumbles Despite Beating Q2 Expectations, Shares Slide 7% on Weak Outlook
Nike (NYSE:NKE) shares dropped more than 7% in pre-market today despite exceeding expectations for its fiscal second-quarter earnings. While the company’s initial results impressed, disappointing guidance and updates during the earnings call weighed heavily on investor sentiment. For the quarter, Ni...
Dec 20, 2024 8:40 AM - Davit Kirakosyan
Scholastic Shares Plunge 6% After Disappointing Q2 Results
Scholastic (NASDAQ:SCHL) saw its shares tumble by more than 6% in pre-market today as the children's book publisher reported weaker-than-expected fiscal second-quarter results. The company faced a year-over-year revenue decline and missed analyst projections, driven by softer performance in its publ...
Dec 20, 2024 8:25 AM - Davit Kirakosyan
Reddit's Rising Momentum Sparks Price Target Boost to $200 at Citi
Citi analysts raised Reddit (NYSE:RDDT) price target to $200, up from $120, while maintaining a Buy rating, citing strong advertiser interest, increasing user engagement, and promising new product launches. Reddit’s continued growth in user activity and its expanding suite of tools for advertisers a...
Dec 20, 2024 8:10 AM - Davit Kirakosyan
HSBC Cautiously Raises Tesla’s Price Target Amid Mixed Outlook
HSBC analysts increased Tesla (NASDAQ:TSLA) price target to $140 from $126 but maintained a Reduce rating, reflecting skepticism over the company’s near-term growth prospects and the viability of its ambitious projects. While Tesla’s innovative roadmap sparks intrigue, challenges around execution an...
Dec 20, 2024 8:08 AM - Davit Kirakosyan
Brinker International Upgraded Amid Confidence in Chili’s Turnaround
Morgan Stanley analysts upgraded Brinker International (NYSE:EAT) to Equalweight from Underweight and raised their price target significantly to $115, up from $70, reflecting increased confidence in the company’s operational and financial outlook. The move follows sustained positive momentum in key ...
Dec 20, 2024 4:05 AM - Danny Green
Accenture (NYSE:ACN) Receives Optimistic Price Target from Goldman Sachs
Accenture (NYSE:ACN) is a global professional services company that provides a range of services in strategy, consulting, digital, technology, and operations. It serves clients in more than 120 countries and is known for its strong presence in the consulting industry. Accenture competes with other m...
Dec 20, 2024 4:00 AM - Rayan Ahmad
FedEx Corporation (NYSE:FDX) Upgraded by Loop Capital Markets
FedEx Corporation (NYSE:FDX) is a global leader in logistics and transportation services, offering a wide range of solutions including express shipping, freight, and supply chain management. The company competes with other major players like UPS and DHL. On December 19, 2024, Loop Capital Markets up...
Dec 20, 2024 12:00 AM - Stuart Mooney
Tractor Supply Company's Strategic Stock Split and Growth
Tractor Supply Company (NASDAQ:TSCO) is a leading retail chain specializing in products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine, and pet care. The company has carved a niche in the retail sector, competing with other giants like Home Depot and Lowe's. De...
Dec 19, 2024 8:00 PM - Stuart Mooney
FedEx Corporation (NYSE:FDX) Surpasses Earnings Estimates
FedEx Corporation, listed on the NYSE under the symbol FDX, is a global leader in transportation, e-commerce, and business services. The company competes with other logistics giants like UPS and DHL. On December 19, 2024, FedEx reported earnings per share (EPS) of $4.05, exceeding the estimated $3.9...
Dec 19, 2024 5:00 PM - Gordon Thompson
Nike Inc. (NYSE:NKE) Surpasses Earnings Expectations
Nike Inc. (NYSE:NKE) is a leading global sportswear company known for its innovative products and strong brand presence. The company designs, develops, and markets footwear, apparel, equipment, and accessories. Nike competes with other major brands like Adidas and Under Armour in the athletic appare...
Dec 19, 2024 4:00 PM - Alex Lavoie
OptimumBank Holdings, Inc. (NASDAQ:OPHC) Financial Performance Analysis
OptimumBank Holdings, Inc. (NASDAQ:OPHC) is a financial institution that provides a range of banking services. The company operates primarily in the United States, offering personal and business banking solutions. In the competitive banking sector, OptimumBank competes with other financial instituti...
Dec 19, 2024 3:00 PM - Alex Lavoie
Vertex Pharmaceuticals' Stock Performance and Market Outlook
Vertex Pharmaceuticals (NASDAQ:VRTX) is a biotechnology company known for its focus on developing treatments for serious diseases. The company has made significant strides in the field of cystic fibrosis, which has been a major contributor to its growth. However, Vertex faces competition from other ...
Dec 19, 2024 12:12 PM - Andrew Wynn
Snapchat Expands Revenue-Sharing Program to Boost Creator Earnings
Snapchat, listed on the NYSE as SNAP, is expanding its revenue-sharing program to offer top creators more ways to earn money. This move is designed to boost monetization options, potentially increasing both earnings and engagement for creators on the platform. By enhancing these opportunities, Snapc...
Dec 19, 2024 12:00 PM - Gordon Thompson
FactSet Research Systems Inc. (FDS) Surpasses Earnings and Revenue Estimates
FactSet Research Systems Inc. (NYSE:FDS) is a leading provider of integrated financial information and analytical applications. The company serves investment professionals worldwide, offering data and software solutions to help them make informed decisions. FactSet competes with other financial data...
Dec 19, 2024 11:05 AM - Rayan Ahmad
The Hanover Insurance Group, Inc. (NYSE: THG) Receives "Outperform" Rating Amid Investigation
The Hanover Insurance Group, Inc. (NYSE: THG) is a prominent player in the insurance industry, offering a range of property and casualty insurance products. On December 19, 2024, BMO Capital updated its rating for THG to "Outperform," indicating a positive outlook for the stock. At the time, THG was...
Dec 19, 2024 11:00 AM - Rayan Ahmad
Conagra Brands, Inc. (NYSE:CAG) Surpasses Earnings Estimates
Conagra Brands, Inc. (NYSE:CAG) is a major player in the food industry, known for its popular supermarket brands like Birds Eye and Healthy Choice. The company operates in a competitive market, with rivals such as General Mills and Kraft Heinz. Conagra's focus on innovation and brand strength helps ...
Dec 19, 2024 10:04 AM - Rayan Ahmad
KULR Technology Group's Recent Achievements and Market Performance
KULR Technology Group, trading on the NYSE American under the symbol KULR, specializes in thermal management technologies. On December 19, 2024, Benchmark upgraded KULR to a "Buy" rating, with the stock trading at $2.46 at the time. This upgrade reflects positive sentiment towards the company's perf...
Dec 19, 2024 9:53 AM - Davit Kirakosyan
Micron Stumbles with Weak Guidance, Shares Dive Over 12%
Micron Technology (NASDAQ:MU) faced a steep selloff as its second-quarter guidance fell significantly short of market expectations, sending shares plunging by over 12% in pre-market today. The semiconductor giant's bleak forecast has rattled investor confidence, highlighting persistent challenges in...
Dec 19, 2024 9:25 AM - Davit Kirakosyan
Lennar Reports Earnings Miss and Weak Outlook, Shares Drop 8%
Lennar (NYSE:LEN) witnessed a sharp decline in its stock after delivering a disappointing fourth-quarter performance and issuing a subdued forecast for the upcoming quarter. The company’s shares tumbled over 8% in pre-market today as it grappled with the effects of higher mortgage rates on homebuyer...
