Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 6.4% in the pre-market session after Truist analysts upgraded the stock's rating from Hold to Buy, signaling renewed confidence in the company's turnaround efforts. In their note, the firm emphasized that more than three years after initially downgrading Peloton, they saw tangible improvements in the company's fundamentals.
Truist analysts Monday upgraded Peloton stock to "buy" from "hold" and set a price target of $11, above the average target on Wall Street of $10.20, according to Visible Alpha.
Meta shares were holding steady Monday as the Facebook and Instagram parent prepares to report first-quarter results after Wednesday’s closing bell. Monitor these key chart levels.
It's not just about ethics. It's about politics. Nancy Pelosi and Marjorie Taylor Greene are each foils for both parties' stock trade ban proponents.
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 39.2% in the morning session after the company locked in a new loan of up to $525 million, boosting its cash pile and providing more headroom to support operations and future growth plans. It also shared strong early sales for the first quarter of 2025, beating Wall Street's estimates. Q1 2025 revenue guidance was estimated at around $130 million to $134 million.
Shares of travel technology company Sabre (NASDAQ:SABR) jumped 21.1% in the morning session after the company agreed to sell its hospitality solutions business to TPG for $1.1 billion. The proceeds from the sale were expected to significantly bolster SABR's cash reserves, giving it more flexibility to invest in growth areas such as its airline IT services and travel marketplace platforms. Additionally, the transaction supported the company's efforts to achieve its target leverage ratio of 2.5x t
Nvidia shares led losses on the Dow and S&P 500 Monday afternoon following a report China's Huawei Technologies is preparing to test a rival AI chip.
Apple is slated to report fiscal second-quarter results after the market closes Thursday, with investors likely to be watching for clues on how shifting trade policies could impact the iPhone maker.
OSLO (Reuters) -The world economy appears to be fragmenting, posing the biggest risk to markets currently as it brings low growth and higher inflation, the CEO of Norway's $1.8 trillion sovereign wealth fund told Reuters. The fund, which invests the Norwegian state's revenues from oil and gas production, is the largest of its type and one of the world's biggest investors, owning on average 1.5% of all listed stocks and across some 9,000 companies globally. Asked what the biggest risk to financial markets today was, Nicolai Tangen, CEO of the fund's operator Norges Bank Investment Management (NBIM), said it was decoupling, and referred to one of the fund's stress-test scenarios that sees a fragmented world economy.
U.S. equities were down at midday ahead of key tech earnings scheduled for this week.