Dow futures rise 30 pts; debt ceiling bill progress helps tone
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Atlantic Equities Downgrades Dollar General (DG) to Neutral 'on consumer shift'
June 2, 2023 5:46 AM EDTAtlantic Equities analyst Daniela Nedialkova downgraded Dollar General (NYSE: DG) from Overweight to Neutral with a price target of $170.00.
The analyst comments "We are downgrading Dollar General to Neutral, following the commentary on the most recent changes to consumer behaviour. Q1... More
Marvell Technology and Broadcom will continue to dominate ASIC chip market - JPMorgan
June 1, 2023 1:23 PM EDTJPMorgan analyst Harlan Sur believes Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) will continue to dominate the ASIC chip market.
The analyst said in his note assessing the sector that they continue to believe that the Custom... More
Nordstrom (JWN) gains after topping Q1 estimates, but analysts remain bearish
June 1, 2023 7:59 AM EDTNordstrom (NYSE: JWN) shares jumped over 3% after the company reported earnings after the close, topping Q1 earnings and revenue estimates.
Investors were given a boost after the department store company posted earnings of $0.07 per share, $0.17 better than the analyst estimate of a loss of $0.10 per share. Revenue for the quarter came in... More
