Wednesday , June 19 2024
Home / Tag Archives: Wall Street (page 3)

Tag Archives: Wall Street

Novavax (NVAX) Stock Up 8% Yesterday as FDA Approves Updated Covid Vaccine but Is 6% Down Now

The updated vaccine specifically addresses the XBB.1.5 subvariant of the Omicron variant, which has raised concerns due to its potential to evade immunity conferred by earlier versions of the vaccine.  In a recent development, stocks of Novavax Inc (NASDAQ: NVAX) jumped 8.2% yesterday following the Food and Drug Administration’s (FDA) approval of its improved COVID-19 vaccine. However, it’s worth noting that in pre-market trading, the stock experienced a slight dip and is 6% down at the...

Read More »

Dow Jones Tanks 400 Points amid Interest Rate Spike, Turns Negative for 2023

Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge in interest rates has raised concerns about freezing the housing market and pushing the economy into recession. The Dow Jones Industrial Average experienced its most...

Read More »

Sphere Entertainment (SPHR) Stock Rallies Following Opening of Sphere Venue with U2 Concert

JPMorgan Chase & Co. recently raised its Sphere Entertainment stock price target from $25 to $28 following the release of the entertainment company’s Q4 figures. Sphere Entertainment Co (NYSE: SPHR) stock rose by more than 7% after the company opened its Sphere venue in Las Vegas with a show by U2 on Friday night. The 360-foot-tall venue is located at the Venetian Resort and will host live concerts and sporting events. Everything you need to know about the all new MSG Sphere in Las...

Read More »

Germany’s Premium Footwear Brand Birkenstock Eyes $9.2B Valuation in IPO

Birkenstock confidently moves ahead with its IPO plans despite mixed performances of other listings in September. Goldman Sachs, JPMorgan, and Morgan Stanley shall be the underwriters for the IPO.  Birkenstock, the renowned German premium footwear brand supported by private-equity firm L Catterton, has announced its intention to pursue a highly anticipated initial public offering (IPO) in New York. For its IPO the company is targeting a valuation of up to $9.2 billion. In this IPO, the...

Read More »

AMD Shares Surge Nearly 5% amid Praise from Microsoft CTO

The longstanding partnership between Microsoft and AMD has been a strategic alliance that has shaped the tech industry in various ways. A recent report has revealed that shares of Advanced Micro Devices Inc (NASDAQ: AMD) rose nearly 5% on Thursday following comments from Kevin Scott, the Chief Technology Officer of Microsoft Corp (NASDAQ: MSFT) about the chipmaker’s efforts to strengthen its position in AI, an arena long dominated by Nvidia Corp (NASDAQ: NVDA). With AMD’s stock up...

Read More »

US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise

Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity. On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer confidence declined for the second consecutive month in September. The Nasdaq Composite (INDEXNASDAQ: .IXIC), S&P 500 Index (INDEXSP: .INX), and Dow Jones Industrial Average (INDEXDJX: .DJI) all faced declines, with the latter plummeting...

Read More »

Costco Posts Strong Q4 2023 Earnings despite Changing Shopping Patterns

Over the past three years, Costco has gained momentum, benefiting from trends such as increased home cooking, millennials moving into larger suburban homes, and inflation driving shoppers to seek value through memberships at warehouse clubs. Membership-based retail giant Costco Wholesale Corp (NASDAQ: COST) recently announced its quarterly earnings and the results were nothing short of impressive. Costco Earnings Surpasses Expectations Costco’s fiscal fourth-quarter earnings have surprised...

Read More »

Microsoft Is Gradually Closing In on Apple as It Eyes Position as World’s Largest Stock

Although hundreds of billions away, Microsoft’s valuation is gradually closing in on that of Apple, racing to become the world’s largest. Microsoft Corporation (NASDAQ: MSFT) is making progress with its valuation and seems ready to give Apple Inc (NASDAQ: AAPL) a run for its money. The company’s valuation is now moving closer to Apple’s as it races to overtake the iPhone maker as the world’s largest company by market cap. According to Marketwatch data as of writing time, Apple shares have...

Read More »

Instacart Boosts IPO Price Range amid Arm’s Stellar Debut

The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential. Popular grocery delivery app, Instacart has recently made waves in the financial world by announcing its intention to raise the proposed price range for its upcoming Initial Public Offering (IPO). This strategic move comes hot on the heels of a highly successful IPO...

Read More »