Spencer Platt/Getty Images News U.S. stocks on Tuesday were mixed, with losses in major retailers countering a rebound in Nvidia (NVDA). The chip giant’s pullback from correction territory helped the benchmark S&P 500 (SP500) and the tech-heavy Nasdaq Composite (COMP:IND) halt a three-day slide each. The Nasdaq (COMP:IND) advanced 1.10%Continue Reading
Sundry Photography/iStock Editorial via Getty Images UBS expects Target Corporation’s (NYSE:TGT) partnership with Shopify (SHOP) will be a positive catalyst for the stock. Analyst Michael Lasser said investors should think of it as a marketing relationship that will see Shopify (SHOP) sellers alerted to Target (TGT) as an outlet andContinue Reading
anaimd/iStock via Getty Images Vista Outdoor (NYSE:VSTO) ticked down by 1.3% amid a report that the Dept. of Justice is looking at the planned sale of its ammo business to Czechoslovak Group over potential antitrust issues. DOJ antitrust lawyers have held meetings with third parties, including law enforcement groups, thatContinue Reading
Prostock-Studio/iStock via Getty Images ZimVie (NASDAQ:ZIMV) soared 19% after a report that the dental implants maker is considering a sale after takeover approaches. The company is working with an adviser to review alternatives after getting interest from possible acquirers including private equity firms and industry players, according to a BloombergContinue Reading
lukajani Stock futures were trading mixed on Tuesday, following a big tech sell-off the day before. Market participants look ahead to key US inflation data and the first US presidential debate between Joe Biden and Donald Trump this week. Here are some of Tuesday’s biggest stock movers: Biggest stock gainersContinue Reading
Sundry Photography Cloudflare’s (NYSE:NET) stock rose about 2% premarket on Tuesday after UBS upgraded the shares to Neutral from Sell and raised the price target on the stock to $82 from $76. The analysts noted that last year they initiated Cloudflare with a Sell rating, based on a view thatContinue Reading
JHVEPhoto/iStock Editorial via Getty Images GRAIL (GRAL) will begin trading on the Nasdaq as a publicly-listed independent company on Tuesday, after Illumina (NASDAQ:ILMN) completed the spinoff of the cancer test developer following regulatory pressure. It will be listed and begin regular trading on the Nasdaq under the symbol “GRAL” asContinue Reading
JHVEPhoto Boeing (NYSE:BA) has offered to acquire Spirit Aerosystems (NYSE:SPR) in a mainly stock deal that values the supplier at about $35 a share. Boeing (BA) was closing in on an all-cash deal for fuselage maker Spirit (SPR) over the weekend, when Boeing switched to an offer that consisted mainlyContinue Reading
Justin Sullivan BTIG Chief Market Technician Jonathan Krinsky on Monday highlighted Nvidia’s (NASDAQ:NVDA) entrance into “unchartered territory” in becoming one of the largest U.S. companies. While Nvidia (NVDA) stock on Monday notched its third straight loss, its YTD gain remains mighty. Nvidia (NVDA) shares lost 6.7% on Monday. The marketContinue Reading
Sundry Photography Dupont (NYSE:DD) edged higher by almost 2% after a report that its water treatment is seeing takeover interest. The unit, which Dupont (DD) planned to spin out, is seeing interest from Xylem (XYL) and Veralto Corp. (VLTO), who are in the early stages of looking at the DupontContinue Reading
