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Stock Market News

Goldman Sachs analyst Adam Hotchkiss downgraded E2open Parent Holdings (NYSE:ETWO) from Neutral to Sell and lowered the price target from $3.5 to $2.9. The stock fell. Despite year-to-date stock underperformance, Hotchkiss noted that the lack of visibility into an organic growth turnaround, execution risk as the company works to refine its organic sales engine further, and the company’s floating-rate leverage overhang will likely weigh on E2open Parent shares over the next 12 months. As a busine

E2open Faces Organic Growth Challenges, Debt Overhang: Goldman Sachs Downgrades Stock

Goldman Sachs analyst Adam Hotchkiss downgraded E2open Parent Holdings (NYSE:ETWO) from Neutral to Sell and lowered the price target from $3.5 to $2.9. The stock fell. Despite year-to-date stock underperformance, Hotchkiss noted that the lack of visibility into an organic growth turnaround, execution risk as the company works to refine its organic sales engine further, and the company’s floating-rate leverage overhang will likely weigh on E2open Parent shares over the next 12 months. As a busine
Benzinga 6 minutes ago
Tesla stock hits new all-time high as 65% surge since Trump's win cements dramatic turnaround

Tesla stock hits new all-time high as 65% surge since Trump's win cements dramatic turnaround

Tesla shares hit a new all-time high on Wednesday as the EV maker continues its relentless run higher since President-elect Donald Trump’s election win.
Yahoo Finance 23 minutes ago
TSLA
NYSE's Lynn Martin sees active IPO market in 2025

NYSE's Lynn Martin sees active IPO market in 2025

The market for U.S. initial public offerings could see high levels of interest from investors next year, said Lynn Martin, president of the New York Stock Exchange on Wednesday at the Reuters NEXT conference in New York. Many investors and companies shied away from going public because of high interest rates and recession fears, sending the market into a two-year slump. This year, the market has been showing signs of optimism with listings volume increasing but remaining well below peaks seen in 2021.
Reuters 31 minutes ago
Wall Street Sends Big Tech to Fresh Highs Post-CPI: Markets Wrap

Wall Street Sends Big Tech to Fresh Highs Post-CPI: Markets Wrap

(Bloomberg) -- Investors’ enthusiasm for US technology giants sent stocks higher Wednesday, snapping a two-day slide after a benign inflation report cemented expectations that the Federal Reserve will keep cutting interest rates.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmeri
Bloomberg 36 minutes ago
^GSPC
The rare whisky market is struggling

The rare whisky market is struggling

The market for rare and fine whisky is facing a “downturn of painful proportions,” according to an annual industry report from Scottish financial advisory firm Noble & Co, which comes as the market for luxury goods continues to experience setbacks due to global political and financial instability.
Quartz 37 minutes ago

Featured Content

Tesla stock hits new all-time high as 65% surge since Trump's win cements dramatic turnaround

Tesla stock hits new all-time high as 65% surge since Trump's win cements dramatic turnaround

Tesla shares hit a new all-time high on Wednesday as the EV maker continues its relentless run higher since President-elect Donald Trump’s election win.
Stock market today: Nasdaq tops 20,000 for first time as Big Tech surge leads stocks higher

Stock market today: Nasdaq tops 20,000 for first time as Big Tech surge leads stocks higher

The CPI report sets the stage for the Federal Reserve's final interest rate decision of the year.
Super Micro stock slides despite CEO's attempt to dispel fears of Nasdaq delisting

Super Micro stock slides despite CEO's attempt to dispel fears of Nasdaq delisting

Super Micro Computer stock is sliding following a cautious analyst note from JPMorgan, despite CEO Charles Liang's attempt to dispel delisting fears.
GM's Cruise robotaxi exit a result of 'serious problems' from scaling too fast and continued high costs

GM's Cruise robotaxi exit a result of 'serious problems' from scaling too fast and continued high costs

General Motors pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step back in its autonomous ambitions that began eight years ago.
Macy's delayed Q3 results show sales decline as its stock drops

Macy's delayed Q3 results show sales decline as its stock drops

As activist pressure builds, Macy's is reporting tepid sales results.
A cautious Fed on track for one last 2024 cut followed by a 'slowing down' in 2025

A cautious Fed on track for one last 2024 cut followed by a 'slowing down' in 2025

A fresh inflation reading that met Wall Street expectations is likely to keep the Federal Reserve on track to cut interest rates again next week, but some central bank watchers believe the Fed will signal a more cautious approach to 2025.
An 'unfamiliar' era for investors has arrived after a 20-year 'regime': Morning Brief

An 'unfamiliar' era for investors has arrived after a 20-year 'regime': Morning Brief

As another CPI reading is set to show the continued challenge of reeling in inflation, RSM chief economist Joe Brusuelas says that things are different now — and explains what that means.
Netflix co-CEO shakes off M&A in 2025: 'We’re better builders than buyers'

Netflix co-CEO shakes off M&A in 2025: 'We’re better builders than buyers'

Netflix is not interested in engaging in media M&A next year — even if its competitors appear more interested.
Forget the dealership: You can now buy a Hyundai on Amazon

Forget the dealership: You can now buy a Hyundai on Amazon

Imagine the convenience of Amazon brought to the tedious and often frustrating dealership experience. After nearly a year of waiting, Amazon users can finally buy a Hyundai vehicle through the online retailer.
Tesla's cheaper 'Model Q' on the way and likely new China EV, analyst says following Tesla meeting

Tesla's cheaper 'Model Q' on the way and likely new China EV, analyst says following Tesla meeting

Deutsche Bank is upping its price target for Tesla following investor meetings where Tesla revealed more info about its upcoming vehicles.
Big banks find many 'reasons to be optimistic about 2025' as Trump 2.0 nears

Big banks find many 'reasons to be optimistic about 2025' as Trump 2.0 nears

Executives from the country’s biggest banks sounded optimistic Tuesday as they assessed the impact of a new Trump administration, the state of the US economy in 2025, and more interest rate cuts expected from the Federal Reserve.
Stock market today: Dow, S&P 500, Nasdaq fall as investors await key inflation data

Stock market today: Dow, S&P 500, Nasdaq fall as investors await key inflation data

Stocks are mixed ahead of a consumer inflation report seen as key to the path of interest rates.
Oracle stock sinks amid earnings miss, higher spending forecast

Oracle stock sinks amid earnings miss, higher spending forecast

Oracle stock dropped after a quarterly miss collided with elevated expectations, a trend recently seen with other high-flying tech stocks.
Google stock pops as company unveils new quantum computing chip

Google stock pops as company unveils new quantum computing chip

Google said that a math equation that would take a classical supercomputer longer than the whole history of the universe to solve takes only five minutes using a quantum computer powered by its new Willow chip.
Comcast stock falls after management warns broadband subscribers will drop by over 100,000 in Q4

Comcast stock falls after management warns broadband subscribers will drop by over 100,000 in Q4

Comcast investors are reacting after management said it expects the company's broadband subscribers to decline by over 100,000 in the current quarter.
Rivian stock jumps to highest since August as Benchmark initiates at Buy

Rivian stock jumps to highest since August as Benchmark initiates at Buy

Rivian stock jumped on Monday as investment bank Benchmark initiated coverage on the stock with a Buy rating and a bullish $18 price target.
This Water Utility Stock Trades At A Discount: Analyst

This Water Utility Stock Trades At A Discount: Analyst

BofA Securities analyst Ross Fowler initiated coverage on California Water Service Group (NYSE:CWT) with a Buy rating and price forecast of $57, which implies an upside potential of 17%. Per Fowler, the company is currently trading at the lowest valuation compared to other U.S. water utilities, even though its earnings outlook is improving and it has significant capital investment plans for 2025-2028. California Water also has extra financial capacity to increase capital spending if needed. The
Benzinga 52 minutes ago
CWT
Ollie's Set For Strategic Expansion: Analysts Bullish As Store Growth And Market Dynamics Drive Earnings Upside

Ollie's Set For Strategic Expansion: Analysts Bullish As Store Growth And Market Dynamics Drive Earnings Upside

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares are trading higher on Wednesday. Yesterday, the company reported third-quarter adjusted earnings per share of 58 cents, beating the street view of 57 cents. Quarterly sales of $517.43 million (+7.8%) beat the analyst consensus of $517.36 million. The increase in net sales was the result of new store unit growth. Comparable store sales, however, decreased by 0.5%, a decline from the prior year’s increase of 7.0%. RBC Capital Markets analy
Benzinga 1 hour ago
OLLI
Top Stock Movers Now: Google Parent Alphabet, Netflix, Tesla, and More

Top Stock Movers Now: Google Parent Alphabet, Netflix, Tesla, and More

Major U.S. indexes gained at midday Wednesday as tech stocks climbed after the latest report on consumer inflation reinforced expectations the Federal Reserve will cut its key interest rate next week.
Investopedia 1 hour ago
NFLX
GOOG
The UK Stock Market Now Trails Oman and Malaysia in IPO Rankings

The UK Stock Market Now Trails Oman and Malaysia in IPO Rankings

(Bloomberg) -- Things are going from bad to worse for London’s IPO market, where less money has been raised this year than on some tiny frontier venues.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects CEO ResignsFundraising from London initial public
Bloomberg 2 hours ago
Donald Trump will ring the New York Stock Exchange bell. It'll be a first for him

Donald Trump will ring the New York Stock Exchange bell. It'll be a first for him

Donald Trump used his image as a successful New York businessman to become a celebrity, a reality television star and eventually the president. Now, he finally will get to revel in one of the most visible symbols of success in the city when he rings the opening bell of the New York Stock Exchange on Thursday. It will be a notable moment of recognition for Trump, a born-and-bred New Yorker who gave up living full time in his namesake Trump Tower in Manhattan and moved to Florida.
Associated Press Finance 2 hours ago
^DJI
Cardiff Oncology announces positive colorectal data and $40m stock oversubscription

Cardiff Oncology announces positive colorectal data and $40m stock oversubscription

Cardiff Oncology plans to share additional clinical data from its onvansertib trial in the first half of 2025.
Clinical Trials Arena 2 hours ago
GLDAF