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
Alex Potemkin/E+ via Getty Images Carrier Global (NYSE:CARR) on Monday was upgraded to Outperform from a previous investment rating of Neutral by analysts at financial-services firm Baird. They said the maker of heating, ventilation and air-conditioning equipment is poised for gains after being undervalued compared with peers. Carrier’s (CARR) stockContinue Reading
Alex Wong/Getty Images News Vietnam-based electric vehicle maker VinFast Auto (NASDAQ:VFS) has slashed its full-year outlook for EV deliveries and delayed its North Carolina production facility, citing macro headwinds and uncertain market conditions. Detailing its Q2 output, Hai Phong City-based VinFast (VFS) said it delivered 12,058 vehicles for the quarterContinue Reading
SlavkoSereda/iStock via Getty Images Oil futures give up early gains and settled lower on Friday, wrapping up first weekly loss after four straight positive weeks, as the recent run-up in prices allowed traders to exit their positions with healthy profits. Prices were supported by a soft U.S. inflation report thisContinue Reading
Earlier this week, exchange-traded funds (ETFs) saw their highest buying activity since early June, when the original cryptocurrency traded above $73,000. In an interview with Investing.com, Bit Digital Inc (NASDAQ:) CEO Sam Tabar shared his insights about the positive reception of the 10 recently approved spot Bitcoin ETFs. He alsoContinue Reading
Joe Raedle/Getty Images News PepsiCo (NASDAQ:PEP) traded lower in early action on Thursday after posting a mixed Q2 earnings report. The beverage giant reported organic sales were up 1.9% during the quarter, vs. +3.0% consensus. Total revenue was up 0.8% year-over-year during the quarter to $22.5 billion, vs. $22.5 billionContinue Reading
arild lilleboe/iStock Editorial via Getty Images Equinor’s (NYSE:EQNR) Q2 trading indicators are below expectations, prompting UBS to maintain its Sell rating on the stock while cutting its Q2 net income forecast by 4% to $2.14B, compared with $2.32B analyst consensus estimate. “Lower realized gas prices and lower marketing, midstream andContinue Reading
MicroStockHub U.K.-listed shares of Indivior (NASDAQ:INDV) lost more than a third on Tuesday after the pharma company lowered its FY 2024 financial outlook, citing, among other things, sales headwinds related to Sublocade, a prescription drug indicated for opioid use disorder. Indivior (INDV), based in North Chesterfield, Virginia, also announced aContinue Reading
Axe_Olga/iStock via Getty Images Copper (HG1:COM), (COPX), (CPER) started the year up 30% through May 20, but later dropped 13% since then. However, the fundamentals have not changed for the commodity, “financial speculators were a bit too optimistic to start the year and pushed prices beyond base fundamentals,” analysts, headedContinue Reading
John M. Chase Corning (NYSE:GLW) shares rose more than 6% in early trading on Monday as the glass and advanced optics maker lifted its second-quarter guidance, buoyed in part by generative artificial intelligence. Corning, whose products are used in smartphones, automotive, life sciences and more, said it now expects coreContinue Reading
