NoDerog/iStock Unreleased via Getty Images Shares of BellRing Brands (NYSE:BRBR) dropped to a 6-month low and breached support at the 200-day moving average for the first time since late-2022 after TD Cowen lowered its sales growth outlook. Based on channel trends, Cowen analyst Robert Moskow now sees organic sales upContinue Reading
Spencer Platt/Getty Images News RBC Capital Markets sees slowing economic growth as a roadblock for a sustainable rotation out of high-flying growth and large-cap stocks into other areas of the stock market. The Russell 200 (RTY)(IWM) rally late last week while the S&P 500 (SP500)(SPY) slumped following the June CPIContinue Reading
hapabapa BlackRock (NYSE:BLK) Q2 earnings and revenue climbed past Wall Street expectations as market gains increased its average assets under management and organic base fees grew, the asset manager said on Monday. “Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, whichContinue Reading
Igor Kutyaev China’s retail sales rose by 2% year-on-year in June 2024, falling short of market forecasts of 3.3% and notably slowing from a 3.7% gain in the previous month, marking the 17th consecutive month of growth in retail trade, albeit the softest in the sequence. On a monthly basis,Continue Reading
Kagenmi The official data showed that China’s economy expanded 4.7% in the second quarter from a year ago, lower than the 5.3% seen in the previous quarter and missing expectations for a 5.1% growth. This marked the weakest yearly advance since Q1 of 2023, amid a persistent property downturn, weakContinue Reading
U.Today – has failed to regain a foothold above $60,000. Unfortunately, it is a negative sign for the asset’s future and might substantially affect the tempo BTC has been gaining on the market. The daily chart shows that substantial resistance amid Bitcoin’s recent attempts to break above the crucial $60,000Continue Reading
Analysts at Jefferies downgraded Darden Restaurants (NYSE:DRI) to “underperform” from “hold,” citing risk to growth in the near term and saying weak traffic trends observed for its Olive Garden brand could continue. “We believe recent traffic softness at the core OG brand could persist, with lower-end weakness and the loomingContinue Reading
KeyBanc initiated coverage of delivery firms DoorDash (NASDAQ:DASH) and Maplebear (NASDAQ:CART) with a Sector Weight rating as the mixed consumer background and consensus estimates suggest limited upside for either stock from their current fair value estimates. Restaurant delivery is still growing, KeyBanc says, but grocery delivery competition is intensifying atContinue Reading
kodda/iStock via Getty Images Kinetik Holdings (NYSE:KNTK) +0.5% in Wednesday’s trading as Barclays initiates coverage with an Equal Weight rating and $443 price target, saying it sees “a clear pathway of incremental growth as acquisitions and projects contribute further” in H2 2024 and beyond. Barclays analyst Theresa Chen thinks Kinetik’sContinue Reading
Sundry Photography Intuit (NASDAQ:INTU) will fire 1,800 employees as the owner of QuickBooks, Credit Karma, and TurboTax shifts its focus to AI and reworks its products from traditional workflows to AI-native processes. The strategy also focuses on mid-market expansion for small businesses, money movement, and international growth, Fortune magazine reportedContinue Reading
