ADVFN US – Market Content Editor
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Target Surpasses Expectations with a Robust 58% Increase in Q4 Profits
In an impressive display of resilience and strategic maneuvering, Target Corporation (NYSE:TGT) has reported a substantial 58% surge in its fourth-quarter profits, surpassing Wall Street’s expectations. This remarkable achievement comes as the retailer adeptly navigated through economic challenges by implementing effective cost-cutting measures and maintaining a lean inventory, showcasing its ability to adapt and thrive…
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Recent Analyst Ratings Highlight Optimism in Tech and Food Service Sectors
In the dynamic landscape of the stock market, analyst ratings serve as a compass for investors, guiding them through the complexities of investment decisions. Recent updates from reputable financial analysis firms have shone a spotlight on a quartet of companies across the technology and food service sectors. Dell Technologies Inc., Domino’s Pizza Inc., Netapp Inc.,…
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U.S. Futures Dip, Crude Oil Fluctuates
U.S. stock futures indicate a lower opening on Tuesday as investors await the release of new economic data and Target‘s financial results. At 05:28 AM Brasília time, Dow Jones futures (DOWI:DJI) fell 63 points, or 0.16%. S&P 500 futures declined 0.36%, and Nasdaq-100 futures fell back 0.76%. The yield on 10-year Treasury notes stood at…
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AMD Hits Regulatory Roadblock, GitLab’s Stock Tumbles on Disappointing Earnings, and Latest News
GitLab (NASDAQ:GTLB) – GitLab shares fell 23% in Tuesday’s pre-market after releasing quarterly results. The net loss in the fourth quarter was $37.6 million, or 23 cents per share, with adjusted earnings of 15 cents per share. Revenue increased to $163.8 million. The adjusted earnings projections for the full year were below analysts’ expectations. Advanced…
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U.S. Stocks Close Weak After Cautious Session
After a weak start and a subsequent long spell in negative territory, U.S. stocks briefly managed to turn positive in the final hour, but failed to find support and ended marginally down on Monday. The mood was cautious right through the day’s session due to a lack of major U.S. economic data. Traders largely stayed…
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Crypto: Meme Coins Dominate Crypto Market, Bitcoin Surpasses $67K, and Latest News
Rise of Bitcoin and impact on the crypto market On Monday, Bitcoin (COIN:BTCUSD) approached its record value, with an increase of almost 6,8%, reaching $ 67.479. Ether (COIN:ETHUSD) also saw a modest increase of 1.6% to $3,581. After a weekend pause, both cryptocurrencies resumed their upward momentum, driven by the introduction of new bitcoin ETFs…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to give back ground after turning in a strong performance last week. Traders may look to cash in on recent strength in the markets, which lifted the Nasdaq and S&P 500 to new record closing highs last…
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Coinbase up 6.5% in premarket amid Bitcoin rally
Shares of Coinbase Global (NASDAQ:COIN) moved in lockstep with Bitcoin’s gains which surpassed the $65,000 mark on Monday. The recently approved Bitcoin exchange-traded funds (ETFs) and the upcoming April halving propelled the world’s largest digital token to its two-year high. The company stock surged 6.5% to sell at $218.19 apiece at 7:46 am ET.
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News Highlights: Top Global Markets News of the Day
Nvidia’s Surge Stokes Talk of a Bubble The chip maker’s meteoric advance has helped push the stock market to record highs. It also has some on Wall Street saying the “B word.” Nikkei Stock Average Rises Above 40000 for First Time The climb was driven by greater corporate earnings and a surge in chip-related stocks,…
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Recent Analyst Ratings and Price Target Adjustments: Walmart, Disney, Micron
The financial market has seen a flurry of analyst rating changes and price target adjustments for several major companies, reflecting shifts in market sentiment, company performance, and broader economic conditions. Here’s a summary of notable updates: Altria Group, Inc.: Baptista Research has downgraded Altria Group to ‘Hold’ from ‘Outperform’, with a reduction in the price…