Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgrades Robinhood to buy from neutral Goldman says Robinhood has “best in class earnings growth.” “We assume coverage of Robinhood Markets (HOOD), and upgrade it to Buy from Neutral, with a $46 price target..” Jefferies downgrades Deere to hold from buy Jefferies downgraded the stock mainly on valuation. “We downgrade the shares of Deere from BUY to HOLD primarily on valuation as the stock has run following the 4Q24 earnings results.” BMO upgrades Republic Services to outperform from market perform BMO says the waste company is a top…
Author: usaeverydaylife
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons edged higher…
Thermal batteries could transform renewable energy storage and provide a cheaper and scalable alternative to lithium-ion technology.”Intermittent wind and solar power are becoming the cheapest forms of energy that humans have ever known, and all kinds of energy storage is now being used to harness that, to drive transportation, to drive the electricity grid,” said John O’Donnell, the founder and chief innovation officer of Rondo Energy. “Heat batteries are a fundamentally new way of storing energy at a small fraction of the cost.” Heat batteries store excess electricity as heat in materials like bricks or graphite, which can reach temperatures over 3,000…
Shopify could surge thanks to its use of artificial intelligence for merchants, according to Loop Capital. The firm upgraded the e-commerce stock to buy from hold in a Friday note and raised its price target to $140 from $110. Loop’s forecast calls for nearly 23% upside from Thursday’s close. SHOP YTD mountain Shopify stock. Analyst Anthony Chukumba pointed to a looked-over aspect of Shopify’s business, which is using artificial intelligence for merchants as well as internally for efforts like customer service and product support. The company employs a suite of products housed in what it calls Shopify Magic, which was…
Signage is displayed on an oil storage tank at the BP-Husky Toledo Refinery in Oregon, Ohio, U.SLuke Sharrett | Bloomberg | Getty ImagesBP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said.The British energy company could raise up to $3 billion from the sale, two of the people said, with one of them adding that BP may sell up to a 49% stake in the business.The sale process is part of BP CEO Murray Auchincloss’s drive to reduce the company’s debt levels, which have risen over the past…
Yvonne Force Villareal at the opening of the Bunker Art Space on Dec. 3, 2023, in West Palm Beach, Florida.Sean Zanni | Patrick Mcmullan | Getty ImagesStreaming shows “Gossip Girl,” “Billions” and “Inventing Anna” made it on to many most-watched lists — and their characters became stars.And alongside wowing audiences watching on platforms like Netflix and Showtime, they helped give rise to a burgeoning industry: art placement.When producer Shonda Rhimes needed to source artwork for “Inventing Anna,” the story of Anna Delvey (real name Anna Sorokin), the high-profile fraudster who tricked New York City’s art and social worlds, she turned…
Watch Robinhood stock as the company embarks on an ambitious growth plan, Goldman Sachs said. The bank upgraded online brokerage to buy from neutral. Its $46 per share price target, up from $40, implies 18% upside from Thursday’s close. Robinhood held its first ever investor day on Wednesday, which was viewed largely positively from analysts on Wall Street . The company laid out a 10 year company outlook for investors, which included initiatives such as growing its crypto exchange business and a goal of becoming the top active trading platform within the next 24 months. HOOD YTD mountain Robinhood stock.…
A Chevron gas station in Richmond, California, US, on Wednesday, June 19, 2024. David Paul Morris | Bloomberg | Getty ImagesU.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs.Much of the charges are for job cuts and relocations planned for the next two years, the company said in a statement. Chevron did not disclose how many jobs would be lost among its 45,000 workers.The cost cutting and asset sales come amid a year-long profit slide that required borrowing to cover shareholder payouts. The No. 2 U.S. oil…
After Notre Dame caught fire in 2019, France’s president, Emmanuel Macron, promised to reopen the cathedral in five years. The timeline seemed a Hail Mary. Yet here we are. Michael Kimmelman, architecture critic for The New York Times, brings us a behind-the-scenes look at the faithful restoration of Notre Dame, which opens to the public on Dec. 8. Source link
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Muted market: Wall Street is having a subdued session on Thursday. The Nasdaq Composite and S & P 500 were little changed, while the Dow Jones Industrial Average was modestly lower. Within the S & P 500, consumer discretionary was the top-performing sector, up roughly 1%, with help from Tesla’s nearly 3% advance and Amazon’s over 1% move. The worst-performing group was materials, down more than 1%, amid a more than…
