Smith & Wesson Stock Sinks as It Says Inflation Is Hurting Firearms Sales
Smith & Wesson reported a decline in second-quarter adjusted profit as demand for firearms was slowed by inflation.
News
Bill Gross Is On the Alert as Momentum Mania Sweeps Wall Street
(Bloomberg) -- Bitcoin rallying to the moon, meme stocks surging for no good reason, bearish bets cratering all at once. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectFor observers without a sense of Wall Street’s long history, the great market mania of 2024 seems new and dangerous. To Bill Gross, who turned 80 this
Intel’s Lack of a Clear Plan Makes Wall Street Even More Bearish
(Bloomberg) -- Things were already looking bad for Intel Corp. shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe stock fell 13% in the five days ending Friday, notching its worst wee
Federal Reserve Officials Are Cautiously Optimistic About the Labor Market
Federal Reserve officials said that while Friday's jobs data looked promising, they are still looking at the larger labor market trends and inflation data before deciding whether to cut interest rates.
Lululemon Stock Is Soaring After Earnings. Why Analysts Are Bullish.
Lululemon shares rocketed higher a day after the athletic apparel company beat third-quarter earnings estimates, and analysts have weighed in with bullish price targets.
The ‘Trump Trade’: What it is and how it impacts the markets
The so-called “Trump Trade 2.0” appears to be impacting everything from stocks to cryptocurrency.
Energy Drink Firm Celsius Set to Energize Market Growth, Analyst Sees Significant Upside
Needham analyst Gerald Pascarelli initiated coverage on Celsius Holdings, Inc. (NASDAQ:CELH) with a Buy rating and a price target of $38. The analyst says that as the third-largest player in energy drinks, CELH is positioned to benefit from a healthier category rebound and growing demand for zero-sugar products, creating a favorable environment for revenue acceleration alongside easier year-over-year comparisons. The analyst writes that while the company recently saw its first year-over-year sha