Okta upgraded, Quest Diagnostics downgraded: Wall Street's top analyst calls
Okta upgraded, Quest Diagnostics downgraded: Wall Street's top analyst calls
Okta upgraded, Quest Diagnostics downgraded: Wall Street's top analyst calls
The Prada Group on Tuesday posted double-digit growth for the fourth consecutive year, bucking the luxury sector slide amid talk of a possible Versace acquisition. The group, which owns the Prada and Miu Miu fashion brands along with Church’s footwear, reported a 17% boost in revenues to 5.4 billion euros ($5.7 billion) last year from 4.7 billion euros in 2023. The Prada brand, which accounts for the bulk of earnings, reported sales were up a solid 4%, while they nearly doubled at younger Miu Miu.
Private equity firms are trying to bolster their reserves to tap an expected surge in deal volumes following U.S. President Donald Trump's push for less regulation, lower corporate taxes and broadly pro-business policies. The preferred stock offered by KKR will automatically convert into a number of common shares on or around March 1, 2028, unless it has been redeemed or converted previously. KKR has a market capitalization of $118.1 billion, per LSEG data.
Walgreens Boots Alliance shares are jumping in premarket trading Tuesday, on a report that the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion.
US stock futures slid Tuesday after President Donald Trump made good on his threat to levy hefty tariffs on Canada and Mexico. Dow futures dropped by around 150 points in premarket trading, and futures tied to the S&P 500 and Nasdaq 100 were both around 0.7% lower.
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Growth is a hallmark of all great companies, but the laws of gravity eventually take hold. Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks. But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.