Check out the companies making headlines before the bell. Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts’ estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7% to 9% and adjusted earnings of $1.50 to $1.54 per share, saying … Read more
Here are Tuesday’s biggest calls on Wall Street: JPMorgan upgrades SL Green Realty to neutral from underperform JPMorgan said in its upgrade of SL Green that the real estate investment company is now derisked. “We think there remains runway for the company’s internal growth to improve in the next few years, and it has the … Read more
Micron offices in San Jose, California, on Nov. 30, 2023. David Paul Morris | Bloomberg | Getty Images The U.S. Department of Commerce has finalized a subsidy of more than $6.1 billion for memory chip maker Micron Technology to support the construction of several domestic semiconductor facilities, according to a White House statement on Tuesday. … Read more
An improving industry backdrop and a new credit card deal has Bernstein enthusiastic about American Airlines . The firm upgraded the airline to outperform from market perform and raised its price target to $24 from $14. The new price target implies shares can rally nearly 40% from Monday’s close. Analyst David Vernon said positive pricing … Read more
Carlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. Benoit Tessier | Reuters DETROIT — “Arrogant.” It’s the word former Stellantis CEO Carlos Tavares used in June to describe mistakes that led to the automaker’s troubles in the U.S. It’s … Read more
United Parcel Service could benefit from lower interest rates as inflation eases, according to BMO Capital Markets. Analyst Fadi Chamoun upgraded shares to outperform from market perform. He did trim his price target to $150 from $155, but the new forecast still implies upside of nearly 17% from Monday’s close. “After nearly two years of … Read more
Bitcoin exchange traded funds are now the largest holders of the flagship cryptocurrency. The 12 spot bitcoin ETFs in existence have collectively passed $100 billion in assets under management, one of the most successful ETF launches in history. The funds now own slightly more than 1.1 million bitcoin , equivalent to about 5% of all … Read more
Whether you’re a student looking to build credit or a parent preparing to send your kids to college, a student credit card can help the next generation establish good financial habits. Discover offers two credit cards geared toward college students: the Discover it® Student Cash Back and the Discover it® Student Chrome. Both cards are … Read more
A strong year and outlook for the cruise industry has Goldman Sachs forecasting more gains for Norwegian Cruise Line Holdings in 2025. Analyst Lizzie Dove upgraded the stock to buy from neutral. She also raised her price target to $35 from $29, indicating shares can advance 34.8% from Monday’s close. Year to date, Norwegian Cruise … Read more
Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives … Read more