ADVFN US – Market Content Editor
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Skechers Investment Rating Cut Following 3G Capital Acquisition
Investment firm TD Cowen has reduced its rating on Skechers (NYSE:SKX) from a positive recommendation to neutral positioning this Wednesday, citing the elimination of opportunities for alternative acquisition proposals after 3G Capital’s takeover announcement. “We are downgrading to Hold as the window for another bidder for Skechers to emerge has closed,” the analysts wrote. The…
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OpenAI’s Restructuring May Lay Foundation For Future IPO
OpenAI’s ongoing corporate restructuring could lay the foundation for a potential initial public offering (IPO), though no firm plans have been made. CFO Sarah Friar noted at the Dublin Tech Summit that going public is a possibility, but emphasized that the company must be internally prepared and the broader market must be favorable before taking…
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Goldman Sachs Recommend Gold And Oil In Long-run Portfolios
Goldman Sachs is urging long-term investors to reevaluate gold and oil’s roles in their portfolios. In a strategic note, the bank recommends a higher allocation to gold and a lower one to oil over the next five years, citing their historical effectiveness as hedges. “Positive long-run allocations to gold and enhanced oil futures are optimal…
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Tempus AI Shares Drop Following Critical Short-Seller Report from Spruce Point
Tempus AI (NASDAQ:TEM) saw its stock decline by 4% after short-selling firm Spruce Point Capital released a scathing report questioning the company’s operations, leadership, and financial disclosures. The report, based on a forensic investigation, alleged that Tempus AI’s AI-driven products generate only a small fraction of its revenue. In 2024, the company brought in just…
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GameStop Rises After Revealing Half-Billion Dollar Bitcoin Investment
GameStop Corp. (NYSE:GME) shares rose more than 2% in early premarket activity on Wednesday, though gains later tapered, following news that the company has made a major investment in bitcoin. The video game retailer disclosed in a regulatory filing that it had acquired approximately 4,710 bitcoins, valued at around $513 million. This marks GameStop’s first…
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Cleveland-Cliffs Shares Fall Following Double Downgrade by GLJ Research
Cleveland-Cliffs (NYSE:CLF) saw its stock drop about 1.5% in premarket trading Wednesday after GLJ Research sharply lowered its rating on the company from “Buy” to “Sell,” slashing its price target to $3.91. The shift represents a dramatic turnaround by analyst Gordon Johnson, who openly acknowledged his January recommendation to buy the stock at $9.90 as…
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Hyperfine Gains FDA Clearance for Next-Gen Optive AI Imaging Software
Hyperfine, Inc. (NASDAQ: HYPR), the company behind the world’s first FDA-cleared portable MRI system powered by artificial intelligence – the Swoop® system – has received FDA approval for its latest software innovation, Optive AI™. This marks the tenth major software update for the Swoop® system and represents a significant advancement in image quality for ultra-low-field…
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Dow Jones, S&P, Nasdaq:Wall Street Steady Ahead of Nvidia’s Earnings Report Amid Mixed Retail Results
U.S. stocks held steady on Wednesday, with the S&P 500 up 0.2%. Positive earnings from Abercrombie & Fitch and Dick’s Sporting Goods contrasted with losses from Okta and Macy’s. A crucial Nvidia earnings report is expected to impact market sentiment. U.S. stocks appeared steady on Wednesday, following a significant rebound that brought them closer to…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of earnings news from…
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Columbus McKinnon Reports Q4 Earnings; Revenue Misses Expectations
Columbus McKinnon Corporation (NASDAQ:CMCO) released its fiscal fourth-quarter results for 2025 on Wednesday, with revenue coming in below analyst expectations. Following the announcement, the company’s shares dropped 1.29% in pre-market trading. The manufacturer of material handling equipment reported adjusted earnings per share of $0.60, slightly above the $0.58 consensus. However, revenue totaled $246.9 million, missing…