As the U.S. government-debt futures market reflects increased demand in the wake of the recent attack by Hamas on Israel, there is a possibility that Treasury yields may decrease when the cash market reopens on Tuesday. According to FactSet data, the price of 10-year Treasury note futures TY00, +0.78% started to rise approximately 90 minutes prior to the opening of the U.S. … [Read more...] about Potential Impact on Treasury Yields Following Hamas Attack on Israel
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Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
In a recent report, Citi analysts downgraded Skyworks Solutions (ticker: SWKS) and Qorvo (QRVO) from Neutral to Sell. They also reduced the price targets for both stocks, bringing them down to $87 and $78, respectively. Skyworks stock has dropped by 3.3% to $94.95, while Qorvo shares have seen a 4% decrease, making them the worst performer in the S&P 500 during premarket … [Read more...] about Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
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
Tempest Therapeutics Stock Drops Over 50% After Rapid Surge
Shares of microcap oncology company Tempest Therapeutics Inc. (TPST) plunged more than 50% on Thursday, following a remarkable 40-fold gain in the previous day. The surge in trading prompted a temporary halt due to volatility. This significant increase in stock value was triggered by the release of new study results for Tempest's investigational treatment, TPST-1120, for liver … [Read more...] about Tempest Therapeutics Stock Drops Over 50% After Rapid Surge
Tesla Inc. Shares Fall Below Key Chart Level
Shares of Tesla Inc. (TSLA) dropped 3.2% in morning trading on Friday, slipping below a significant chart level that suggests the start of a longer-term downtrend. The stock has experienced a 16.4% decline over a three-day losing streak, following the disappointing earnings report of the electric vehicle manufacturer. This current performance is set to become Tesla's worst … [Read more...] about Tesla Inc. Shares Fall Below Key Chart Level
