FMP
Dec 20, 2024 8:44 AM - Davit Kirakosyan
FedEx Stock Surges 7% as Company Announces Freight Spinoff & Q2 Results
FedEx (NYSE:FDX) experienced a significant boost in pre-market trading, with shares rising over 7% following the announcement of a strategic move to spin off its less-than-truckload (LTL) freight division. This decision aims to establish two independent, market-leading public companies, allowing eac...
Dec 20, 2024 8:42 AM - Davit Kirakosyan
Nike Stumbles Despite Beating Q2 Expectations, Shares Slide 7% on Weak Outlook
Nike (NYSE:NKE) shares dropped more than 7% in pre-market today despite exceeding expectations for its fiscal second-quarter earnings. While the company’s initial results impressed, disappointing guidance and updates during the earnings call weighed heavily on investor sentiment. For the quarter, Ni...
Dec 20, 2024 8:40 AM - Davit Kirakosyan
Scholastic Shares Plunge 6% After Disappointing Q2 Results
Scholastic (NASDAQ:SCHL) saw its shares tumble by more than 6% in pre-market today as the children's book publisher reported weaker-than-expected fiscal second-quarter results. The company faced a year-over-year revenue decline and missed analyst projections, driven by softer performance in its publ...
Dec 20, 2024 8:25 AM - Davit Kirakosyan
Reddit's Rising Momentum Sparks Price Target Boost to $200 at Citi
Citi analysts raised Reddit (NYSE:RDDT) price target to $200, up from $120, while maintaining a Buy rating, citing strong advertiser interest, increasing user engagement, and promising new product launches. Reddit’s continued growth in user activity and its expanding suite of tools for advertisers a...
Dec 20, 2024 8:10 AM - Davit Kirakosyan
HSBC Cautiously Raises Tesla’s Price Target Amid Mixed Outlook
HSBC analysts increased Tesla (NASDAQ:TSLA) price target to $140 from $126 but maintained a Reduce rating, reflecting skepticism over the company’s near-term growth prospects and the viability of its ambitious projects. While Tesla’s innovative roadmap sparks intrigue, challenges around execution an...
Dec 20, 2024 8:08 AM - Davit Kirakosyan
Brinker International Upgraded Amid Confidence in Chili’s Turnaround
Morgan Stanley analysts upgraded Brinker International (NYSE:EAT) to Equalweight from Underweight and raised their price target significantly to $115, up from $70, reflecting increased confidence in the company’s operational and financial outlook. The move follows sustained positive momentum in key ...
Dec 19, 2024 9:53 AM - Davit Kirakosyan
Micron Stumbles with Weak Guidance, Shares Dive Over 12%
Micron Technology (NASDAQ:MU) faced a steep selloff as its second-quarter guidance fell significantly short of market expectations, sending shares plunging by over 12% in pre-market today. The semiconductor giant's bleak forecast has rattled investor confidence, highlighting persistent challenges in...
Dec 19, 2024 9:25 AM - Davit Kirakosyan
Lennar Reports Earnings Miss and Weak Outlook, Shares Drop 8%
Lennar (NYSE:LEN) witnessed a sharp decline in its stock after delivering a disappointing fourth-quarter performance and issuing a subdued forecast for the upcoming quarter. The company’s shares tumbled over 8% in pre-market today as it grappled with the effects of higher mortgage rates on homebuyer...
Dec 19, 2024 9:20 AM - Davit Kirakosyan
MillerKnoll Delivers Solid Q2 Results but Signals a Softer Outlook, Stock Drops 9%
MillerKnoll (NASDAQ:MLKN) reported stronger-than-expected earnings for its second quarter. Despite the upbeat performance, the furniture maker offered a cautious outlook for the coming months, causing its shares to drop by over 9% pre-market today. For the quarter, the company reported adjusted earn...
Dec 19, 2024 9:18 AM - Davit Kirakosyan
Brilliant Earth Downgraded Amid Persistent Challenges in the Engagement Jewelry Market
Telsey analysts downgraded Brilliant Earth Group (NASDAQ:BRLT) from Outperform to Market Perform, accompanied by a lowered price target of $2.00, down from $3.00. The revision reflects ongoing struggles in the engagement jewelry segment and broader market challenges. While the company has maintained...
