Barclays

Meta Platforms Inc (NASDAQ:META) reported its first-quarter 2024 earnings, revealing a revenue of $36.45 billion, which surpassed analyst estimates. Despite this positive revenue performance, Meta Platforms’ shares declined by 15% in after-market trading due to lower-than-expected revenue in...

American Express Company (NYSE:AXP) reported its first-quarter results, with 6% year-on-year card member spending growth. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. BMO Capital Markets On American Express Analyst James Fotheringham...

Tesla, Inc.’s (NASDAQ:TSLA) fundamentals have been on the wane for an extended period, with the financial results testifying to the fact. A fund manager on Wednesday noted that the stock has been down in earnings reaction in each of the past four quarters. What Happened: Tesla’s shares...

The U.S. Dollar could rally 3% if former President Donald Trump wins re-election in November, Bloomberg reported, citing an analyst note from Barclays plc. What Happened: The GOP front-runner is currently proposing a baseline 10% tariff on all U.S. imports and a levy of 60% or higher on Chinese...

Electric vehicle company Rivian Automotive Inc (NASDAQ:RIVN) reports fourth-quarter financial results after market close on Wednesday, Feb. 21, 2024. Here's a look at the key earnings estimates, what analysts are saying and key items for investors to watch. Earnings Estimates: Analysts expect...

A vice president at Barclays PLC (NYSE:BCS) has filed a lawsuit against the bank, claiming she was discriminated against due to her race, religion, and gender. The lawsuit seeks compensation of approximately $290,000. What Happened: Nazia Lawrence, a vice president at Barclays, has taken legal...

Rivian Automotive Inc (NASDAQ:RIVN) has all the makings of a long-term winner in the EV space, but one analyst sees broader EV market weakness weighing on the company in the short term. What Happened: Barclays analyst Dan Levy downgraded Rivian from an Overweight rating to an Equal-Weight rating...

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) dipped over 3% in premarket trading on Monday, giving up some of last week’s gains. The decline appears to stem from profit-taking activities following a nearly 7% climb in the week ending Feb. 9. Additionally, negative analyst sentiment may...

CEOs of major banks, including JPMorgan Chase & Co. (NYSE:JPM) and Barclays PLC (NYSE:BCS), reportedly held a private meeting in Davos on Wednesday to discuss the challenges posed by fintech firms and stringent regulations. What Happened: The CEOs, who were in Davos for the World Economic Forum...

Semiconductor stocks rallied sharply in 2023, with the sector among the best-performing S&P 500 sector classes. Against the backdrop, an analyst said on Tuesday he views the group as expensive on the 2024 estimates but remains positive about names levered to the “2nd Wave of AI.”...

In a recent development, shares of Apple’s (NASDAQ:AAPL) suppliers took a hit following Barclays downgrade of the tech behemoth due to a potential decrease in product demand in 2024. What Happened: CNBC reported on Tuesday that the shares of suppliers associated with Apple in Asia experienced...

The recent decision by Alibaba Group Holding Limited (OTC:BABAF) to cancel the spinoff of its cloud business was met with mixed responses from investors. What Happened: As reported by CNBC, Morgan Stanley scratched Alibaba from its top pick in the internet sector, pointing to the unexpected cloud...

The striking United Auto Workers union has struck a tentative deal with Ford Motor Co. (NYSE:F), potentially lifting an overhang around Dearborn. The ongoing strike that started around mid-September brought some of the main manufacturing plants of Detroit’s “Big Three” to a...

Global bonds may continue to plummet unless a sustained decline in equities revives the allure of fixed-income assets, says Barclays Plc. Bloomberg reported these experts suggesting that the only scenario where bonds might rally significantly is if risk assets experience a sharp downturn...

Nvidia Corp. (NASDAQ:NVDA) shares rose solidly in premarket trading on Thursday after the Santa Clara, California-based chipmaker reported second-quarter earnings and revenue that notably exceeded expectations. More importantly, the company issued upbeat guidance, with the revenue estimate coming...