Rivian Automotive Inc.'s stock (RIVN, +3.91%) experienced a rise of 2.6% in early trading on Tuesday following an upgrade to a buy recommendation by UBS. Despite a slight reduction of $2 in the price target, now set at $24 per share, UBS analyst Joseph Spak expressed optimism about the future prospects of the electric-vehicle manufacturer. Positive outlook after recent … [Read more...] about Rivian Stock Upgrade from UBS
The Rebound of Small, Fast-Growing Companies
Preserving Key Details and Retaining Structure The recent decline in shares of small, fast-growing companies may have reached its lowest point. These companies have been heavily impacted by higher bond yields, which are not expected to rise significantly. The iShares Russell 2000 Growth exchange-traded fund (ticker: IWO) has experienced a 12% drop since the end of July. During … [Read more...] about The Rebound of Small, Fast-Growing Companies
HP Inc. Forecasts Long-Term Revenue Growth
HP Inc., the PC and printer company, has revealed its long-term forecast for annual revenue growth and earnings per share (EPS). During a meeting with securities analysts in Palo Alto, California, the company stated that it anticipates a 2% to 4% increase in revenue year over year. Additionally, HP expects high single-digit percentage growth for EPS. Positive Market … [Read more...] about HP Inc. Forecasts Long-Term Revenue Growth
Seven & i Holdings to Report Q2 Results
by Kosaku Narioka Net Profit Forecast Seven & i Holdings is expected to report a 28% drop in net profit to 50.91 billion yen ($342.3 million) for the quarter ended Aug. 31, according to a poll of analysts by FactSet. This is a decrease from the 71.05 billion yen reported in the year-earlier period. Revenue Forecast Second-quarter revenue is estimated to have fallen 9.4% … [Read more...] about Seven & i Holdings to Report Q2 Results
Oil Futures Decline Amid Israel-Gaza Conflict Concerns
Price Action West Texas Intermediate crude for November delivery fell 65 cents, or 0.7%, to $85.32 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, was off 51 cents, or 0.6%, at $87.15 a barrel on ICE Futures Europe. Market Drivers Oil futures experienced a second consecutive day of decline following a more than 4% spike on Monday in … [Read more...] about Oil Futures Decline Amid Israel-Gaza Conflict Concerns
