PayPal Holdings Inc. finds itself in a precarious position once again, as doubts linger among some investors on Wall Street regarding the company's ability to successfully execute its turnaround plan. PayPal's shares have tumbled in premarket trading, with analysts expressing skepticism about the effectiveness of the company's recent efforts. Wells Fargo analyst Andrew Bauch, … [Read more...] about PayPal Faces Skepticism on Turnaround Efforts
Wall Street
Cisco Systems Struggles to Convince Wall Street amidst Disappointing Guidance
Cisco Systems, once regarded as an artificial intelligence leader, continues to face skepticism on Wall Street despite its declining stock value. In addition to issuing underwhelming guidance for the next two quarters, the company recently announced a reduction of over 4,000 jobs, equivalent to approximately 5% of its workforce. Although CEO Charles Robbins mentioned a tripling … [Read more...] about Cisco Systems Struggles to Convince Wall Street amidst Disappointing Guidance
Wall Street Anticipates Fed Interest-Rate Pause in September
Wall Street analysts are speculating that the Federal Reserve will halt its series of interest-rate increases in September. As traders eagerly await the release of the minutes from the Fed's July 25-26 meeting, they hope to gain valuable insights into the central bank's future actions. These minutes, scheduled for release at 2 p.m. Eastern time on Wednesday, are highly … [Read more...] about Wall Street Anticipates Fed Interest-Rate Pause in September
Wall Street Warms Up to U.S. Manufacturing Stocks
As the U.S. manufacturing sector emerges from a lengthy downturn, Wall Street is showing renewed interest in these stocks. One example is automation technology giant Rockwell Automation (ticker: ROK), whose shares were recently upgraded by Wolfe Research analyst Nigel Coe. While the upgrade to a Hold rating may not be wildly bullish, it does reflect Coe's confidence that … [Read more...] about Wall Street Warms Up to U.S. Manufacturing Stocks
