Even so, Morgan Stanley trimmed its price target on the stock to $775 from $825, which still represents upside of about 50%.
Source: Sherwood News.
Category: Business
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American aluminum stocks rip following strikes against Gulf’s giant smelters
Giant producers Emirates Global Aluminium and Aluminum Bahrain both confirmed strikes on operations over the weekend.
Source: Sherwood News.
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British government weighs removing Palantir from NHS data systems
Amid the Iran war, the company’s close identification with US military and intelligence activity has generated pushback in some other business lines.
Source: Sherwood News.
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Waymo’s now serving more than 500,000 paid robotaxi rides every week
The Alphabet-owned company grew its ridership more than tenfold in less than two years.
Source: Sherwood News.
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Bitcoin lifts following Trump’s “great progress” comments, may break 5-month losing streak
“Under the surface, the market is not broken, though it is still thin.”
Source: Sherwood News.
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Americans won’t tolerate bland food anymore — and it’s turned McCormick into a ~$7 billion-a-year spice and sauce giant
Now, McCormick is eyeing Unilever’s food business.
Source: Sherwood News.
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War and AI doubts have fueled an unprecedented divergence between stock prices and earnings estimates
The S&P 500 has never been down this much when earnings estimates have risen by this much, based on data going back to Q2 1990.
Source: Sherwood News.
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Alaska Air lowers its Q1 profit forecast due to surging fuel costs
Alaska Air now expects to log an adjusted loss per share of between $1.50 and $2 in the first quarter.
Source: Sherwood News.
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Fermi falls after annual report shows steep losses, still no tenant
Fermi, which went public in October, is down about 80% since its IPO.
Source: Sherwood News.
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Brent crude oil tops $116 a barrel as Iran war continues
Brent heads for a record monthly gain while stocks remain mixed amid renewed hopes for talks.
Source: Sherwood News.
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Stocks tumble with Nasdaq 100 posting largest weekly loss since April tariff sell-off
Fridays have been the worst day for the S&P 500 since the war began.
Source: Sherwood News.
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Peloton spikes after Eric Jackson says he’s long the stock at $4
Jackson’s tweet at 11:56 a.m. ET coincided with a spike in the share price as well as volumes traded (which may well imply that algos are geared to buy any stock he comments favorably on).
Source: Sherwood News.