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Defense
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Defence refers to the military activities undertaken by the US for the security and unity and against the invasion. The Defence concept includes major US-listed companies in the US defence national strategic high-tech industry chain.
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The US stock market suffered a panic-driven sell-off on Wednesday, with the $Nasdaq Composite Index(.IXIC.US$ plunging 3.6% and the $S&P 500 Index(.SPX.US$ falling 2.3%, both marking the largest decline in one year and a half. Magnificent Seven suffered significant losses, with $Tesla(TSLA.US$falling by over 12% and $NVIDIA(NVDA.US$dropping nearly 7%. Even $Russell 2000 Index(.RUT.US$, which had performed well l...
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Here are Wednesday’s biggest calls on Wall Street:
RBC upgrades Estee Lauder $Estee Lauder(EL.US$ to outperform from sector perform
RBC said it sees an attractive risk/reward.
“We are upgrading EL shares to Outperform. At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable.”
Morgan Stanley reiterates Tesla $Tesla(TSLA.US$ as overweight
Morgan Sta...
RBC upgrades Estee Lauder $Estee Lauder(EL.US$ to outperform from sector perform
RBC said it sees an attractive risk/reward.
“We are upgrading EL shares to Outperform. At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable.”
Morgan Stanley reiterates Tesla $Tesla(TSLA.US$ as overweight
Morgan Sta...
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Happy Tuesday, July 23. Earnings are flying, Biden has dropped out, and the news team is headed to Wall Street later today to check out the bull and stock exchange; I'll update you with pictures tomorrow.
Here are updates from stories on Wall Street:
$United Parcel Service(UPS.US$ fell 12%, at one point the lowest decline for the stock in one day since 2008, after the company trimmed its revenue outlook for the...
Here are updates from stories on Wall Street:
$United Parcel Service(UPS.US$ fell 12%, at one point the lowest decline for the stock in one day since 2008, after the company trimmed its revenue outlook for the...
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Morning Movers
Gapping up
$General Motors(GM.US$ stock soared by 3.5% after surpassing second-quarter earnings expectations and raising its annual profit outlook again, thanks to strong demand and pricing for gas-powered trucks.
$Coca-Cola(KO.US$ 's share price rose 1.4% as the company increased its annual organic sales and earnings forecast, indicating robust demand in both U.S. and international markets.
$Spotify Technology(SPOT.US$ 's shares...
Gapping up
$General Motors(GM.US$ stock soared by 3.5% after surpassing second-quarter earnings expectations and raising its annual profit outlook again, thanks to strong demand and pricing for gas-powered trucks.
$Coca-Cola(KO.US$ 's share price rose 1.4% as the company increased its annual organic sales and earnings forecast, indicating robust demand in both U.S. and international markets.
$Spotify Technology(SPOT.US$ 's shares...
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CrowdStrike tumbles
Republican representatives have called on CrowdStrike CEO George Kurtz to testify before the House Committee on Homeland Security, following a faulty software update that crashed millions of Microsoft Windows devices. Rep. Mark Green and Rep. Andrew Garbarino said the incident was a “warning about the national security risks associated with network dependency,” according to a letter issued on Monday.
CrowdStrike shares slumped 13%. Reeling from the...
Republican representatives have called on CrowdStrike CEO George Kurtz to testify before the House Committee on Homeland Security, following a faulty software update that crashed millions of Microsoft Windows devices. Rep. Mark Green and Rep. Andrew Garbarino said the incident was a “warning about the national security risks associated with network dependency,” according to a letter issued on Monday.
CrowdStrike shares slumped 13%. Reeling from the...
Political discussions will cast defense and cybersecurity stocks into the spotlight. Watch for market bumps this week
The US House and Senate are back in session this week following a recess and will open up investigations into Trump's assassination attempt. This is while Biden has bowed out of the US election, and Israeli PM Benjamin Netanyahu is due to attend a joint session with the US Co...
The US House and Senate are back in session this week following a recess and will open up investigations into Trump's assassination attempt. This is while Biden has bowed out of the US election, and Israeli PM Benjamin Netanyahu is due to attend a joint session with the US Co...
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