The cybersecurity stock of CrowdStrike Holdings witnessed a drop in value on Monday, following a downgrade by Morgan Stanley analyst Hamza Fodderwala. Fodderwala has adjusted his rating on CrowdStrike shares, lowering them from Overweight to Equal Weight. In addition, he revised his price target for the stock, reducing it from $178 to $167. Fodderwala cited a challenging demand … [Read more...] about CrowdStrike Stock Faces Downgrade Ahead of Earnings
Forex News
Apple’s Stock Underperforms as Nasdaq Composite Plummets
The stock market has been unpredictable, and August has been no exception. According to Dow Jones Market Data, the Nasdaq Composite experienced a 5.3% decline this month, putting it on track for its worst performance of the year. This downward trend has also affected Apple (AAPL) stock, which has seen a significant drop of 9.1%, marking its first monthly decline in 2023. As of … [Read more...] about Apple’s Stock Underperforms as Nasdaq Composite Plummets
Dalata Hotel Group Reports Lower Pretax Profit for First Half
Dalata Hotel Group, an Ireland-based hotel operator, has reported a lower pretax profit for the first half of the year. Despite booking higher costs, the company remains optimistic about future growth prospects. Financial Results First-half pretax profit: €50.4 million ($54.5 million), down from €52.0 million the previous year. Adjusted earnings before interest, taxes, … [Read more...] about Dalata Hotel Group Reports Lower Pretax Profit for First Half
Quadrise to Begin Drilling in Utah with Valkor Technologies
Quadrise, a London-listed energy technology company, has announced that its partner, Valkor Technologies, is expected to receive a drilling permit from Utah's Department of Oil, Gas & Mining in early September. The drilling is scheduled to commence in October. With the drilling permit condition now secured, Quadrise and Valkor have agreed that the site license agreement … [Read more...] about Quadrise to Begin Drilling in Utah with Valkor Technologies
Country Garden Holdings to Report Earnings Amidst Turbulence
Country Garden Holdings, one of China's largest property developers, is set to release its earnings report for the first half of the year. This comes after the company missed interest payments on its bonds earlier this month, raising concerns about the state of China's property market. The sector has been greatly impacted by falling prices and plummeting sales, causing ripple … [Read more...] about Country Garden Holdings to Report Earnings Amidst Turbulence
