Data released by the Labor Department suggests that U.S. inflation has significantly slowed down in recent months. However, some analysts are warning that there are potential risks of re-acceleration in the fourth quarter or next year. In July, U.S. consumer prices rose by a modest 0.2%. The yearly rate of inflation also increased from 3% to 3.2%, marking the first increase in … [Read more...] about U.S. Inflation Faces Risks of Re-Acceleration
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Wells Fargo Upgrades DraftKings Stock, Expects Further Rally
Wells Fargo analyst Daniel Politzer and his team have decided to upgrade DraftKings Inc. shares, despite the stock already having risen about 180% this year. In an upgrade from equal weight to overweight, Politzer explains that he doesn't want to miss out on a potential further rally in the stock. Politzer's decision is based on DraftKings' impressive performance in its latest … [Read more...] about Wells Fargo Upgrades DraftKings Stock, Expects Further Rally
UPS Shares Set to Snap Losing Streak
Shares of United Parcel Service Inc. (UPS) are showing signs of a rebound, surging 0.7% in afternoon trading on Monday. The package delivery giant is poised to end a five-day losing streak as investors eagerly anticipate the release of its second-quarter financial results. Earnings Projections The much-awaited results will be disclosed on Tuesday, August 8, at 6 a.m. Eastern … [Read more...] about UPS Shares Set to Snap Losing Streak
A Challenging Year for Disney Shareholders
Despite a strong performance in the overall stock market, Disney shareholders have experienced a disappointing year. The stock has remained stagnant, leaving investors eager for signs of a recovery. All eyes now turn to the upcoming earnings report for the June quarter, which is scheduled to be released after the close of trading on Wednesday. Hopes are high that this report … [Read more...] about A Challenging Year for Disney Shareholders
Salesforce Stock Downgraded by Morgan Stanley Analyst
Morgan Stanley analyst Keith Weiss has downgraded Salesforce stock to Equal Weight from Overweight, causing the cloud-based software giant's shares to edge lower. Despite the downgrade, Weiss has raised his target price for Salesforce stock to $278 from $251. This shift reflects a focus on 2025 results rather than 2024 and incorporates higher estimates resulting from recent … [Read more...] about Salesforce Stock Downgraded by Morgan Stanley Analyst
