![]() ![]() Atlantic Equities starts FedEx (FDX) with an overweight (buy) rating and $265 per share price target, citing cost-cutting and a move to "flexible, margin enhancing." JPMorgan is more cautious, lowering its PT to $228 from $233 and keeping its neutral rating. Meanwhile, Campbell Soup (CPB) posts solid topline quarterly growth. Cites improved outlook for costs and margins as well as easier year-over-year volume comps. ![]() Spice maker McCormick (MKC) gets a double upgrade to buy from underperform (sell) at Bank of America, which also boosts price target to $100 per share from $75. Questions remain whether the Fed has done enough already to tamp down inflation and cool the labor market, or whether there's more to do. May inflation data is out next week while Fed policymakers gather to deliberate monetary policy. Chances for a Fed rate increase in July stands at roughly 52% in favor. Friday's strong jobs report did little to steer market odds away for an interest rate hike pause next week, according to the CME's FedWatch tool. The Dow, the S & P 500 and the Nasdaq are set for a relatively flat open one week out from the start of the Fed's two-day June meeting. I think cost-conscience consumers are going to Walmart (WMT) and Club name Costco (COST) 7. Amazing how much this one is now hated after a train wreck of a quarter. Cuts price target to $165 per share from $178. Dollar General (DG) downgraded by Wells Fargo to equal weight from overweight (hold from buy). Jefferies increases STZ price target to $293 from $285 keeps buy rating. In a recent commentary, we argued the case for STZ over TAP. In beer, we own and like Corona and Modelo maker Constellation Brands (STZ). Boosts price target on TAP to $68 per share from $54. Bank of America says to hold Molson Coors (TAP) amid the Bud Light boycott. The stock, however, turned lower by the end of the session. The headset was the "one more thing" at Apple's developers conference kickoff presentation. Ahead of Monday's Vision Pro announcement, Apple shares hit an all-time high. We see it differently, looking at the promise of the headset not really being about the headset. DA Davidson says the device is already priced into the stock. Others are not as positive: Deutsche Bank cites hefty $3,499 starting price for Vision Pro. While keeping their buy-rating equivalents, Wells Fargo goes to $210 per share from $185 and Credit Suisse goes to $200 from $188. Price target boosts on Wall Street for Club name Apple (AAPL) after the tech giant unveiled a new mixed-reality headset. The SEC also says Binance used market-making firms it controlled to inflate trading prices and profit off of their customers. securities regulator comes one day after it sued Binance and founder Changpeng Zhao, alleging the comingling of funds. ![]() Coinbase, whose shares sank 20% on the news, did not immediately respond to CNBC's request for comment. The SEC before the bell Tuesday sues Coinbase (COIN), accusing the company of acting as an unregistered broker and exchange. The federal government versus the crypto industry. My top 10 things to watch Tuesday, June 6 1. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
0 Comments
Leave a Reply. |