It’s only uphill from here for Victoria’s Secret , according to UBS. The bank upgraded shares of the lingerie seller to buy from neutral. It also hiked its 12-month price target to $46 per share from $25, signaling 33% upside. Analyst Mauricio Serna pointed increased conviction in the company’s management, noting that it will be able to successfully reposition both the Victoria’s Secret and Pink brands. “This should lead to sustained comp sales growth post several years of declines, driving market sentiment higher,” he wrote. “We believe VSCO’s product pipeline and marketing initiatives should sustain the momentum into Holiday, resulting…
Author: usaeverydaylife
The Snowflake Inc logo, which represents the American cloud computing-based data company that offers cloud-based storage and analytics services, is being displayed on their pavilion at the Mobile World Congress 2024 in Barcelona, Spain, on February 28, 2024. Joan Cros | Nurphoto | Getty ImagesSnowflake had to make a Securities and Exchange Commission filing this week after an executive shared unauthorized financial guidance in a street interview video on Instagram posted on Sunday.The data-storage company said in the 8-K filed Monday that the executive, who was not named, is not a “designated spokesperson authorized to authorized to disclose financial information”…
Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025.Eric Lee | Bloomberg | Getty ImagesMicrosoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the company’s scheduled earnings release. Users on social media reported problems accessing their sites and services running on Microsoft’s products, and the company’s website was down. The problems began around 11:40 a.m. ET, according to Downdetector, which relies on user reports.Microsoft didn’t immediately respond to a request for…
Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025. Carlos Barria | ReutersMeta is slated to report third-quarter earnings on Wednesday after the bell and investors will be watching for any indication that it will increase spending on artificial intelligence.Here’s what analysts polled by LSEG are expecting:Earnings per share: $6.69Revenue: $49.4 billionMeta has spent the year investing heavily in AI, and it conducted a massive overhaul of the organization leading…
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023.Ben Kriemann | Getty ImagesMicrosoft will report results for its fiscal first quarter after the close of regular trading Wednesday.Here’s what analysts are expecting according to a consensus of estimates from LSEG:Earnings per share: $3.67Revenue: $75.33 billionCloud continues to be the big driver of growth at Microsoft, as the business has proven to be a major beneficiary of the artificial intelligence boom. Last quarter, Microsoft disclosed the scale of its Azure cloud infrastructure business in dollars for the first time. The company said revenue in fiscal 2025…
It’s not often that the Federal Reserve eases monetary policy with the stock market this strong. But when it does, it’s like throwing gasoline on a fire. The Fed is widely expected to lower its overnight rate by a quarter percentage point on Wednesday. That would take place with the S & P 500 at record levels. The benchmark closed at 6,890.89 on Tuesday and briefly traded above 6,900 for the first time. JPMorgan’s trading desk counts only four other instances in which rates were lowered with the S & P 500 at an all-time high. One year out, the…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 and Nasdaq reached record intra-day highs again Wednesday, supported by strength in megacap tech. Club holding Nvidia is leading the pack. “The markets are higher, but I would tell you that it’s disparate. It’s not every stock,” Jim Cramer said. Investors are also awaiting the Federal Reserve’s latest rate decision in the afternoon. Another quarter-point cut is expected. Club name Boeing posted mixed quarterly results Wednesday morning. Management highlighted positive…
U.S. Sen. Elizabeth Warren (D-MA) during a Senate Finance Committee hearing in the Dirksen Senate Office Building on April 8, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesPresident Donald Trump is “losing a self-inflicted trade war” with China, leaving the United States with a “weak hand” going into his meeting with Chinese President Xi Jinping, Senate Democrats said Wednesday in a new report on the effects of Trump’s wide-ranging tariffs.”Trump’s trade wars have imposed significant costs” on U.S. consumers and businesses, “sold out American farmers,” and the president “has strengthened China’s hand while weakening America’s leverage,” the report says.CNBC…
Alphabet is set to report third-quarter earnings after the bell Wednesday.Here’s what analysts are expecting according to LSEG consensus:Revenue: $99.89 billionEarnings per share: $2.26Wall Street is also watching several other numbers in the report:YouTube advertising revenue: $10.01 billion, according to StreetAccountGoogle Cloud revenue: $14.74 billion, according to StreetAccountTraffic acquisition costs (TAC): $14.82 billion, according to StreetAccountAs Alphabet reports its latest results, Wall Street expects the search giant to show 13% year-over-year revenue growth.The company’s stock price soared 38% in the third quarter, its best quarterly performance in two decades. It’s continued to rally, climbing 11% so far in October, topping off a quarter full…
Employees work on a mobile phone assembly line at Padget Electronics, a subsidiary of Dixon Technologies, in Noida, India, on Friday, March 22, 2024. Bloomberg | Bloomberg | Getty ImagesIn a move aimed at cutting India’s import dependency for electronic components, the government has approved the first set of projects under its $2.7 billion program, yet another measure in its stated self-sufficiency mission against a trying trade environment.Electronic goods were India’s third largest exports in fiscal year 2025, having jumped eight-fold over the last 10 years, to $38.56 billion in the year ended March 2025, according to government data. But those…
