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Canada Pension Plan Bought Apple, Tesla as Their Stocks Swooned: Barron's
Earnings Week Ahead: Oracle, Adobe, Broadcom and More
One week preview | Heavyweight Fed rate decision is coming! Market focuses on dot plot, and China and US CPI will be released successively.
The highly anticipated Apple Worldwide Developers Conference (WWDC) will open on June 11th Beijing time and will last until June 15th; Nvidia will have its first trade after stock split on Monday.
US stocks closed | Non-farm employment was hit hard and interest rate expectations fell, with all three major indexes falling collectively. Gamestop plummeted nearly 40%.
After the US employment report, US bond yields rose more than 10 basis points; the US dollar index, which had approached its two-month low, rose sharply and hit a new high in more than a week; offshore renminbi fell 180 points and lost 7.26. Bitcoin dropped more than $3,000, approaching the $72,000 mark in intraday trading.
Citigroup Maintains Sell on DouYu Intl Hldgs, Lowers Price Target to $5.5
Citigroup analyst Brian Gong maintains DouYu Intl Hldgs (NASDAQ:DOYU) with a Sell and lowers the price target from $6 to $5.5.
DouYu Intl Hldgs Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/07/2024 -42.07% Citigroup $6 → $5.5 Maintains Sell 03/28/2024 -93.68% Citigroup $0.7 → $0.6 Maintains S
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Alibaba Projects $60B GMV for 2024, Plans New Business Model Breakthroughs
Alibaba Group Holding Limited (NYSE:BABA) projects $60 billion in GMV for its B2B platform Alibaba.com in 2024, marking a 20% increase from last year's $50 billion.President Zhang Kuo explained that g
What's Going On With NIO Shares Friday?
NIO Inc. (NYSE:NIO) shares are trading slightly higher in the morning session on Friday.Yesterday, NIO reported fiscal first-quarter 2024 revenue of 9.91 billion yuan ($1.37 billion), down by 7.2% yea
US Stock Market Outlook: Non-farm data greatly exceeded expectations! Three major futures indexes plunged straight, adding variables to the Fed's interest rate cut within the year.
Credit Suisse's wealth management CIO gives a sharp comment on U.S. stocks: the upward trend is expected to continue in the second half of the year, but the increase will be limited; Moody's has put six regional U.S. banks on a negative watch list.
B of A Securities Maintains Neutral on NIO, Raises Price Target to $6
B of A Securities analyst Ming Hsun Lee maintains NIO (NYSE:NIO) with a Neutral and raises the price target from $5.9 to $6.
Cheetah Mobile Q1 Sales $26.35M
Cheetah Mobile Q1 Sales $26.35M
Viewpoint | When will NIO Inc recover, and Ladao Cheng is the key?
Despite disappointing performance in the first quarter, NIO Inc is confident in the recovery of sales and gross margin growth in the second quarter.
During the NIO conference call, it was announced that the 'Firefly' brand will be delivered in the first half of next year, and NIO Energy has an independent financing plan.
Nio Inc. stated that the next phase will focus on further optimizing gross margin while maintaining sales volume. At the same time, the sub-brand of the peer, Firefly, will soon launch a small car.
Futu Morning Post | European Central Bank lowered interest rates as scheduled by 25 basis points; Gamestop rose more than 30% in after-hours trading.
According to Goldman Sachs, the US stock market will continue to rise in the second half of the year, but there should be "moderate expectations" for the remaining time of the year's ROI; while for Morgan Stanley, the recent drop in international oil prices is only temporary, and it is expected to rise again in the coming months.
US stocks closed with mixed movements. S&P and Nasdaq hit intraday highs before falling back, while Nio Inc. dropped nearly 7% after reporting earnings.
Chip index and Taiwan Semiconductor's US stock fell from the record high, and after Nvidia reached a new historical high for three consecutive days, it fell back.
Citigroup Maintains Buy on NIO, Lowers Price Target to $8.5
Citigroup analyst Jeff Chung maintains NIO (NYSE:NIO) with a Buy and lowers the price target from $10.4 to $8.5.
NIO Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/06/2024 72.24% Citigroup $10.4 → $8.5 Maintains Buy 05/28/2024 19.55% B of A Securities $6.5 → $5.9 Mai
Nio Misses Q1 Deliveries, But Expert Says EV Maker 'Seems To Be On The Upswing'
Nio Inc. (NYSE:NIO), the Chinese electric vehicle maker, saw its stock plummet following the release of its first-quarter earnings for 2024, which missed analysts' expectations and showed a significan
Why G-III Apparel Shares Are Trading Lower By 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results.G-III Apparel Group posted adjusted earn