© Reuters. BofA raises Dell Technologies (DELL) target on AI tailwinds BofA raised its price target for Dell Technologies (NYSE:) to $98 from $82 per share in a note Friday, maintaining a Buy rating on the stock. Analysts at the bank, ahead of the company’s earnings release on February 29, noted that Dell recently reported
© Reuters. LAS VEGAS – Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, has announced strategic plans to enhance operations at its Sentinum, Inc. data centers. The company is set to relocate its mining activities to Montana and dedicate its Michigan facility to artificial intelligence (AI) hyperscale development. Sentinum, a wholly owned subsidiary
The Zacks Tobacco industry participants have been focused on strengthening their arms in the smoke-free product arena owing to consumers’ rising health consciousness. Strong pricing power has also been working well for tobacco players. These upsides have been helping companies navigate a tough industry landscape, wherein inflation has impacted Adult Tobacco Consumers’ (“ATC”) spending patterns,
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block stock rose 20% in Friday morning trading after the payments company reported fourth-quarter earnings that beat analyst estimates on
U.S. stock-index futures traded modestly higher on Friday, leaving the Nasdaq Composite poised for its first record high in more than two years. What’s happening Dow Jones Industrial Average futures YM00, +0.31% rose by 55 points, or 0.2%, to 39,176. S&P 500 futures ES00, +0.47% rose by 8 points, or 0.2%, to 5,105. Nasdaq-100 futures
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Warner Bros. Discovery Inc.’s stock WBD, -0.10% fell 5% early Friday after the company posted a wider-than-expected fourth-quarter loss and revenue that fell short of estimates, weighed down by weak ad revenue and the impact of the recent writers and actors’ strikes. The company had a net loss of $400 million for the quarter, or
Today’s Big Picture Asia-Pacific equity markets finished the day moderately higher except for Hong Kong’s Hang Seng which declined 0.10% and India’s SENSEX which ended the day essentially flat, down a mere 0.02%. South Korea’s KOSPI advanced 0.13%, Taiwan’s TAIEX gained 0.19%, Australia’s ASX All Ordinaries rose 0.43%, and China’s Shanghai Composite closed 0.55% higher.
Bloomin’ Brands Inc. BLMN, -0.56% on Friday reported a lower fourth-quarter profit, but its adjusted earnings for the period beat analyst estimates on a strong holiday season. The owner of Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill also said the first three weeks of the first quarter were negatively impacted by weather. The company
Bitcoin clung to the $51,700 support at the start of the week, but signs of weakened buying support emerged as it retraced towards $51,000 amid intensified selling pressure. Short-term analysis indicates an intermediate support at $50,700, with a potential correction trend triggered by a daily close below this level, targeting the next support at $49,500.
UBS issued a rare double-downgrade on Rivian , waving the warning flag amid signs of trouble for the battered electric vehicle stock. Analyst Joseph Spak lowered his rating to sell from buy and slashed his price target to $8 from $24. Spak’s price target implies shares will fall 30.1% from Thursday’s close. “We had been
If you read what I wrote yesterday, you will know that I was delighted by Nvidia’s (NVDA) earnings released after the market close, and not just because I own the stock. It was because in the days leading up to the release, as NVDA lost around 8%, there were rumblings about some kind of conspiracy or
60-Second Guide to Airbnb Arbitrage! Get ready for a rapid revelation with Prada Jones! In just 60 seconds, I’m going to unravel … Original Source