DISCLAIMER
The content provided below was generated by AI (OpenAI's ChatGPT) using titles and descriptions from a selection of 5000 published financial news articles. The information presented should be used for informational purposes only and does not constitute financial advice or investment recommendations. We advise readers to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The AI-generated content may not reflect the most current market conditions or developments and should be considered as a general summary of the selected news articles.
The content provided below was generated by AI (OpenAI's ChatGPT) using titles and descriptions from a selection of 5000 published financial news articles. The information presented should be used for informational purposes only and does not constitute financial advice or investment recommendations. We advise readers to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The AI-generated content may not reflect the most current market conditions or developments and should be considered as a general summary of the selected news articles.
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INDIVIDUAL NEWS SUMMARY
Start date for the articles: 2023-08-15; End date for the articles: 2023-08-21
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INDIVIDUAL NEWS SUMMARY
Start date for the articles: 2023-08-15; End date for the articles: 2023-08-21
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TL;DR: In the overall market, stocks experienced mixed performance. The S&P 500 index had some volatility, with analysts expressing concerns about potential bearish trends and market volatility. Wharton Professor of Finance, Jeremy Siegel, argued that stocks are a better investment option than bonds for higher returns. The Federal Reserve Chair, Jerome Powell, is set to speak at the Jackson Hole Economic Symposium, where discussions about economic transformations and monetary policy direction are expected.
In the broader news, a Chinese state propaganda organization released a confusing cartoon about the US economy, sparking interest and debate about its intentions and implications.
Individual stock news to follow below:
In the broader news, a Chinese state propaganda organization released a confusing cartoon about the US economy, sparking interest and debate about its intentions and implications.
Individual stock news to follow below:
NEWS SUMMARY for ('NVDA', 19), which changed on 8.47% last trading day:
Shares of Nvidia Corp. (NASDAQ:NVDA) rose nearly 2% in premarket trading on Monday, driven by positive commentaries from analysts regarding its upcoming second-quarter earnings. Analysts expect Nvidia's earnings per share to increase to $2.07 on revenue of $11.17 billion, up from $0.51 and $6.7 billion, respectively, compared to the year-ago period. Some analysts have raised their price targets for Nvidia, with expectations of strong performance and growth in the AI sector. The stock has been rallying and is currently the best-performing S&P 500 stock for the year.
NEWS SUMMARY for ('AMZN', 10), which changed on 1.1% last trading day:
Mizuho analyst James Lee has reiterated his bullish outlook on Amazon, marking it as a top pick with a price target set at $180.00. Lee highlighted the positive feedback from channel partners regarding Amazon Web Services' (AWS) innovative product launches and Gen-AI positioning. AWS has made significant strides in enhancing its services, particularly in areas such as diverse model choices, integrated data frameworks, and strategic cost management. Amazon Pharmacy has also secured a big deal with Blue Shield of California, potentially saving the healthcare provider up to $500 million per year.
NEWS SUMMARY for ('AAPL', 12), which changed on 0.77% last trading day:
The iPhone 15 could help Apple achieve a title it has never held before. Apple Inc. is attracting investor attention, and it is important to be aware of the facts that could impact the stock's prospects. Potential supply chain risks, a discount on the flagship MacBook, and concerns over UK surveillance laws are among today's top stories for Apple Inc. Apple supplier Foxconn has reportedly started production of the iPhone 15 in India, aligning with Apple's efforts to diversify its manufacturing away from China. An insider scoop revealed intriguing details about the upcoming iPhone SE 4, including the incorporation of Face ID.
NEWS SUMMARY for ('TSLA', 18), which changed on 7.33% last trading day:
A new article in The New Yorker raises concerns about Elon Musk's role in the U.S. government and his wide-ranging influence. The government heavily relies on Musk's companies, including SpaceX and Tesla, in critical areas such as space exploration, transportation, and renewable energy. However, his risk-taking nature and autonomous decision-making pose challenges for the government. Additionally, Musk's role as a civilian arbiter in geopolitical conflicts is creating unfamiliar challenges. Concerns about Musk's power and influence continue to grow.
NEWS SUMMARY for ('WMT', 12), which changed on -0.27% last trading day:
Citigroup analyst Paul Lejuez maintained Walmart Inc with a Buy rating and raised the price target from $174 to $180. The company's Q2 results were strong, and its FY23 guidance was encouraging. Walmart is driving sales with increased traffic and expanding gross margins. The company is taking share in the grocery sector and seeing signs of life in general merchandise. Analysts expect Walmart to continue gaining market share and maintain its solid financial performance.
NEWS SUMMARY for ('SPY', 12), which changed on 0.65% last trading day:
Several news articles discuss various aspects of the stock market. Wharton Professor of Finance Jeremy Siegel argues that stocks are a better investment option than bonds, as they have the potential for higher returns in a shorter time frame. The Jackson Hole Fed Symposium, taking place from August 24-26, will focus on discussions about critical economic transformations and is closely watched for insights into monetary policy direction. Wall Street veteran Jeremy Grantham voices skepticism about the Federal Reserve's ability to avoid an impending recession. Additionally, various technical indicators and market sentiment suggest potential volatility and bearish trends in the stock market.
NEWS SUMMARY for ('TGT', 15), which changed on -2.61% last trading day:
Target Corporation (NYSE: TGT) reported better-than-expected second-quarter earnings but lowered its profit forecast. The company's second-quarter sales declined 4.9% year-on-year to $24.77 billion, missing analyst consensus. Target lowered its adjusted EPS guidance for the fiscal year from $7.75-$8.75 to $7.00-$8.00. Nonetheless, the retailer's stock rose 5% as its strong profit beat offset the revenue miss and lowered guidance.
NEWS SUMMARY for ('VZ', 27), which changed on -0.54% last trading day:
Verizon has been working to protect its customers' devices and network through various initiatives, including the Verizon Mobile Protect service that covers lost, stolen, or damaged devices. The company is also preparing for the potential impact of Hurricane Hilary in Southern California and has restored network coverage in West Maui. Additionally, Verizon has announced a partnership with the Washington Commanders and has expanded its Verizon Innovative Learning initiative with new schools and content for back-to-school. Verizon has also been adding more spectrum to its 5G networks in various cities. Lastly, the company has donated $100,000 towards relief efforts for the Maui wildfire.
NEWS SUMMARY for ('DJIA', 18), which changed on -0.73% last trading day:
The Federal Reserve chair, Jerome Powell, is scheduled to speak at the Jackson Hole Economic Symposium on Friday. He may discuss whether policy tightening is needed to address inflation. Economists suggest that Powell and his colleagues at the Fed might welcome the recent rise in bond yields instead of trying to suppress them. Evergrande, a heavily-indebted Chinese real estate company, has filed for Chapter 15 bankruptcy, raising concerns about the broader impact on China's economy. Other news includes the positive growth forecast for the US economy, a decline in jobless claims, and an increase in construction of new homes in July.
NEWS SUMMARY for ('QQQ', 1), which changed on 1.61% last trading day:
A cartoon about the U.S. economy by a Chinese state propaganda organ is causing confusion among viewers. The cartoon, which offers a satirical take on the U.S. economy, has left people perplexed due to its portrayal and message. It is rare for a critical perspective to come from a government propaganda source, adding to the bewilderment. The cartoon has sparked interest and debate about its intentions and implications.
NEWS SUMMARY for ('DIS', 15), which changed on -0.09% last trading day:
Walt Disney Co (NYSE: DIS) is facing legal battles and challenges as it fights against Governor Ron DeSantis's board of supervisors in Florida. Disney has lodged counterclaims in response to the board's lawsuit, challenging the claims and presenting defenses. Despite these challenges, analysts have offered mostly bullish ratings for Disney stock, with an average price target of $112.29. Disney is also raising prices for Disney+ and implementing cost-cutting strategies to boost profits. However, the streaming business is still losing money, prompting concerns about its future growth.
Shares of Nvidia Corp. (NASDAQ:NVDA) rose nearly 2% in premarket trading on Monday, driven by positive commentaries from analysts regarding its upcoming second-quarter earnings. Analysts expect Nvidia's earnings per share to increase to $2.07 on revenue of $11.17 billion, up from $0.51 and $6.7 billion, respectively, compared to the year-ago period. Some analysts have raised their price targets for Nvidia, with expectations of strong performance and growth in the AI sector. The stock has been rallying and is currently the best-performing S&P 500 stock for the year.
NEWS SUMMARY for ('AMZN', 10), which changed on 1.1% last trading day:
Mizuho analyst James Lee has reiterated his bullish outlook on Amazon, marking it as a top pick with a price target set at $180.00. Lee highlighted the positive feedback from channel partners regarding Amazon Web Services' (AWS) innovative product launches and Gen-AI positioning. AWS has made significant strides in enhancing its services, particularly in areas such as diverse model choices, integrated data frameworks, and strategic cost management. Amazon Pharmacy has also secured a big deal with Blue Shield of California, potentially saving the healthcare provider up to $500 million per year.
NEWS SUMMARY for ('AAPL', 12), which changed on 0.77% last trading day:
The iPhone 15 could help Apple achieve a title it has never held before. Apple Inc. is attracting investor attention, and it is important to be aware of the facts that could impact the stock's prospects. Potential supply chain risks, a discount on the flagship MacBook, and concerns over UK surveillance laws are among today's top stories for Apple Inc. Apple supplier Foxconn has reportedly started production of the iPhone 15 in India, aligning with Apple's efforts to diversify its manufacturing away from China. An insider scoop revealed intriguing details about the upcoming iPhone SE 4, including the incorporation of Face ID.
NEWS SUMMARY for ('TSLA', 18), which changed on 7.33% last trading day:
A new article in The New Yorker raises concerns about Elon Musk's role in the U.S. government and his wide-ranging influence. The government heavily relies on Musk's companies, including SpaceX and Tesla, in critical areas such as space exploration, transportation, and renewable energy. However, his risk-taking nature and autonomous decision-making pose challenges for the government. Additionally, Musk's role as a civilian arbiter in geopolitical conflicts is creating unfamiliar challenges. Concerns about Musk's power and influence continue to grow.
NEWS SUMMARY for ('WMT', 12), which changed on -0.27% last trading day:
Citigroup analyst Paul Lejuez maintained Walmart Inc with a Buy rating and raised the price target from $174 to $180. The company's Q2 results were strong, and its FY23 guidance was encouraging. Walmart is driving sales with increased traffic and expanding gross margins. The company is taking share in the grocery sector and seeing signs of life in general merchandise. Analysts expect Walmart to continue gaining market share and maintain its solid financial performance.
NEWS SUMMARY for ('SPY', 12), which changed on 0.65% last trading day:
Several news articles discuss various aspects of the stock market. Wharton Professor of Finance Jeremy Siegel argues that stocks are a better investment option than bonds, as they have the potential for higher returns in a shorter time frame. The Jackson Hole Fed Symposium, taking place from August 24-26, will focus on discussions about critical economic transformations and is closely watched for insights into monetary policy direction. Wall Street veteran Jeremy Grantham voices skepticism about the Federal Reserve's ability to avoid an impending recession. Additionally, various technical indicators and market sentiment suggest potential volatility and bearish trends in the stock market.
NEWS SUMMARY for ('TGT', 15), which changed on -2.61% last trading day:
Target Corporation (NYSE: TGT) reported better-than-expected second-quarter earnings but lowered its profit forecast. The company's second-quarter sales declined 4.9% year-on-year to $24.77 billion, missing analyst consensus. Target lowered its adjusted EPS guidance for the fiscal year from $7.75-$8.75 to $7.00-$8.00. Nonetheless, the retailer's stock rose 5% as its strong profit beat offset the revenue miss and lowered guidance.
NEWS SUMMARY for ('VZ', 27), which changed on -0.54% last trading day:
Verizon has been working to protect its customers' devices and network through various initiatives, including the Verizon Mobile Protect service that covers lost, stolen, or damaged devices. The company is also preparing for the potential impact of Hurricane Hilary in Southern California and has restored network coverage in West Maui. Additionally, Verizon has announced a partnership with the Washington Commanders and has expanded its Verizon Innovative Learning initiative with new schools and content for back-to-school. Verizon has also been adding more spectrum to its 5G networks in various cities. Lastly, the company has donated $100,000 towards relief efforts for the Maui wildfire.
NEWS SUMMARY for ('DJIA', 18), which changed on -0.73% last trading day:
The Federal Reserve chair, Jerome Powell, is scheduled to speak at the Jackson Hole Economic Symposium on Friday. He may discuss whether policy tightening is needed to address inflation. Economists suggest that Powell and his colleagues at the Fed might welcome the recent rise in bond yields instead of trying to suppress them. Evergrande, a heavily-indebted Chinese real estate company, has filed for Chapter 15 bankruptcy, raising concerns about the broader impact on China's economy. Other news includes the positive growth forecast for the US economy, a decline in jobless claims, and an increase in construction of new homes in July.
NEWS SUMMARY for ('QQQ', 1), which changed on 1.61% last trading day:
A cartoon about the U.S. economy by a Chinese state propaganda organ is causing confusion among viewers. The cartoon, which offers a satirical take on the U.S. economy, has left people perplexed due to its portrayal and message. It is rare for a critical perspective to come from a government propaganda source, adding to the bewilderment. The cartoon has sparked interest and debate about its intentions and implications.
NEWS SUMMARY for ('DIS', 15), which changed on -0.09% last trading day:
Walt Disney Co (NYSE: DIS) is facing legal battles and challenges as it fights against Governor Ron DeSantis's board of supervisors in Florida. Disney has lodged counterclaims in response to the board's lawsuit, challenging the claims and presenting defenses. Despite these challenges, analysts have offered mostly bullish ratings for Disney stock, with an average price target of $112.29. Disney is also raising prices for Disney+ and implementing cost-cutting strategies to boost profits. However, the streaming business is still losing money, prompting concerns about its future growth.
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[GPT3.5-Turbo model 1 day summary] MARKET NEWS SUMMARY ('multiple_tickers', 269) -- i.e. 269 news summary for the last 24 hours from 21/08/2023 22:27 UTC time: ***************************************************************
- Wolfe Research upgraded ArcBest Corp from Peer Perform to Outperform.
- Stephens & Co upgraded AppFolio Inc from Equal-Weight to Overweight.
- Seaport Global changed the rating for Liberty SiriusXM Group from Neutral to Buy.
- Citigroup upgraded Insulet Corp from Neutral to Buy.
- B of A Securities upgraded XPeng Inc from Neutral to Buy.
- Jefferies upgraded Acushnet Holdings Corp from Hold to Buy.
- Goldman Sachs changed the rating for Cogent Communications Holdings Inc from Sell to Neutral.
- CBRE downgraded Full House Resorts Inc from Buy to Hold.
- The stock market is experiencing a decline due to concerns about rising interest rates.
- Lowe's, Macy's, and Urban Outfitters are among the retail companies set to release quarterly earnings reports.
- The S&P 500 and Nasdaq Composite closed higher, despite another surge in Treasury yields.
- Nvidia's stock has snapped its losing streak ahead of its upcoming earnings report.
- Permian Resources is acquiring Earthstone Energy in an all-stock deal.
- Nvidia's upcoming earnings report is expected to fuel a rally in tech stocks, according to analysts.
- AMC shares have fallen ahead of a stock conversion.
- Crude oil prices have fallen, while shares of Nikola have plummeted.
- A fund manager predicts that the stock market's decline is just beginning.
- Meta is engaged in a feud with Elon Musk.
- Companies face challenges when trying to embrace social causes, such as Bud Light and Target.
- A market strategist expects stagflation and is positioning investments accordingly.
- Rollins is benefiting from a strong demand environment and growth through acquisitions.
- DOMO is expected to report strong demand for its solutions in its second-quarter earnings report.
- FedEx remains a good investment option due to its dividend payout and strong liquidity.
- Merck's Welireg has met study goals in treating renal cell carcinoma.
- Ark Invest highlights three alternative AI stocks to Nvidia.
- Old Dominion has offered $1.5 billion for Yellow Corporation's terminals.
- Vishay has expanded its diodes offerings for automotive applications.
- Veeva Systems' strong product portfolio is raising optimism about the stock.
- The stocks of companies like Alibaba and JD.com are favored by billionaires.
- The market is experiencing volatility due to rising interest rates.
[GPT3.5-Turbo model 1 day summary] MARKET NEWS SUMMARY ('multiple_tickers', 269) -- i.e. 269 news summary for the last 24 hours from 21/08/2023 22:27 UTC time: ***************************************************************
- Wolfe Research upgraded ArcBest Corp from Peer Perform to Outperform.
- Stephens & Co upgraded AppFolio Inc from Equal-Weight to Overweight.
- Seaport Global changed the rating for Liberty SiriusXM Group from Neutral to Buy.
- Citigroup upgraded Insulet Corp from Neutral to Buy.
- B of A Securities upgraded XPeng Inc from Neutral to Buy.
- Jefferies upgraded Acushnet Holdings Corp from Hold to Buy.
- Goldman Sachs changed the rating for Cogent Communications Holdings Inc from Sell to Neutral.
- CBRE downgraded Full House Resorts Inc from Buy to Hold.
- The stock market is experiencing a decline due to concerns about rising interest rates.
- Lowe's, Macy's, and Urban Outfitters are among the retail companies set to release quarterly earnings reports.
- The S&P 500 and Nasdaq Composite closed higher, despite another surge in Treasury yields.
- Nvidia's stock has snapped its losing streak ahead of its upcoming earnings report.
- Permian Resources is acquiring Earthstone Energy in an all-stock deal.
- Nvidia's upcoming earnings report is expected to fuel a rally in tech stocks, according to analysts.
- AMC shares have fallen ahead of a stock conversion.
- Crude oil prices have fallen, while shares of Nikola have plummeted.
- A fund manager predicts that the stock market's decline is just beginning.
- Meta is engaged in a feud with Elon Musk.
- Companies face challenges when trying to embrace social causes, such as Bud Light and Target.
- A market strategist expects stagflation and is positioning investments accordingly.
- Rollins is benefiting from a strong demand environment and growth through acquisitions.
- DOMO is expected to report strong demand for its solutions in its second-quarter earnings report.
- FedEx remains a good investment option due to its dividend payout and strong liquidity.
- Merck's Welireg has met study goals in treating renal cell carcinoma.
- Ark Invest highlights three alternative AI stocks to Nvidia.
- Old Dominion has offered $1.5 billion for Yellow Corporation's terminals.
- Vishay has expanded its diodes offerings for automotive applications.
- Veeva Systems' strong product portfolio is raising optimism about the stock.
- The stocks of companies like Alibaba and JD.com are favored by billionaires.
- The market is experiencing volatility due to rising interest rates.
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[GPT4 model 1 day summary - to compare vs. GPT3.5 ] MARKET NEWS SUMMARY ('multiple_tickers', 269) -- i.e. 269 news summary for the last 24 hours from 21/08/2023 22:27 UTC time:
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- The U.S. Treasury yield could drop from a 16-year high due to fears of contagion amid China's property woes. - Analysts' positive reviews led to a 5% rise in Nvidia's shares.
- Chinese local governments are facing financial difficulties due to rising debt and a weak property market.
- Analysts at ARK Invest suggest looking into AI-focused small-cap companies as Nvidia's reign might end soon.
- Restaurant Brands International experienced a rise in stock following the appointment of new executives, including the ex-CEO of Domino's Pizza.
- ICICI Bank's efforts in digitization and reliance on domestic loans could potentially pay off in the current macroeconomic climate.
- Warren Buffet continues to endorse Apple, despite market conditions.
- AI stocks like Amazon, Microsoft, and Alphabet are proposed for long-term investments due to the recent AI boom.
- Macy's Q2 results will likely indicate economic pressures and a high promotional backdrop.
- United Natural, a food company, struggles with price inflation, supply-chain issues, and operational complexities.
- China's unexpected decision to cut its 1-year loan prime rate provoked panic in financial markets.
- Booking trends for North American and European sailings are benefiting Royal Caribbean.
- ICICI Bank's digitization efforts and reliance on domestic loans boost the company's appeal.
- U.S. Steel could be a key player in the domestic steel market.
- Investor confidence is shown in stocks like CVS Energy and Modine as they outperform other stocks this year.
- Two digital payment platforms, DLocal and StoneCo, are outperforming giants PayPal and Square.
- EA launched Madden NFL 24, evidencing adaptability in challenging economic times.
- SkyWater Technology is positioning itself as the sole U.S. chip maker, despite being in start-up mode.
- Tech giant Nvidia and cybersecurity company Palo Alto Networks reported strong earnings for Q2.
- SAB Biotherapeutics reported financial results for Q2 and introduced its novel immunotherapy platform.
- According to Zacks Investment Research, Southern's (SO) Vogtle Unit 4 has begun loading nuclear fuel.
[GPT4 model 1 day summary - to compare vs. GPT3.5 ] MARKET NEWS SUMMARY ('multiple_tickers', 269) -- i.e. 269 news summary for the last 24 hours from 21/08/2023 22:27 UTC time:
***************************************************************
- The U.S. Treasury yield could drop from a 16-year high due to fears of contagion amid China's property woes. - Analysts' positive reviews led to a 5% rise in Nvidia's shares.
- Chinese local governments are facing financial difficulties due to rising debt and a weak property market.
- Analysts at ARK Invest suggest looking into AI-focused small-cap companies as Nvidia's reign might end soon.
- Restaurant Brands International experienced a rise in stock following the appointment of new executives, including the ex-CEO of Domino's Pizza.
- ICICI Bank's efforts in digitization and reliance on domestic loans could potentially pay off in the current macroeconomic climate.
- Warren Buffet continues to endorse Apple, despite market conditions.
- AI stocks like Amazon, Microsoft, and Alphabet are proposed for long-term investments due to the recent AI boom.
- Macy's Q2 results will likely indicate economic pressures and a high promotional backdrop.
- United Natural, a food company, struggles with price inflation, supply-chain issues, and operational complexities.
- China's unexpected decision to cut its 1-year loan prime rate provoked panic in financial markets.
- Booking trends for North American and European sailings are benefiting Royal Caribbean.
- ICICI Bank's digitization efforts and reliance on domestic loans boost the company's appeal.
- U.S. Steel could be a key player in the domestic steel market.
- Investor confidence is shown in stocks like CVS Energy and Modine as they outperform other stocks this year.
- Two digital payment platforms, DLocal and StoneCo, are outperforming giants PayPal and Square.
- EA launched Madden NFL 24, evidencing adaptability in challenging economic times.
- SkyWater Technology is positioning itself as the sole U.S. chip maker, despite being in start-up mode.
- Tech giant Nvidia and cybersecurity company Palo Alto Networks reported strong earnings for Q2.
- SAB Biotherapeutics reported financial results for Q2 and introduced its novel immunotherapy platform.
- According to Zacks Investment Research, Southern's (SO) Vogtle Unit 4 has begun loading nuclear fuel.
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One week summary:
MARKET NEWS SUMMARY ('multiple_tickers', 2145) -- i.e. 2145 news summarised
for the period 2023-08-11 to 2023-08-21
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- Evolv Technologies, Innodata, IonQ, Groupon, Bitdeer Technologies, Tango Therapeutics, Eton Pharmaceuticals, ModivCare, and WeWork are among the stocks that saw significant gains in Friday's mid-day session.
- Amyris shares jumped 179.1% after the company filed for Chapter 11 bankruptcy.
- Rigetti Computing shares climbed 51.2% following better-than-expected quarterly results.
- Telesat Corporation gained 47.2% after reporting second-quarter results and announcing a multi-billion dollar deal.
- Proterra Inc. jumped 37% on continued volatility after filing for Chapter 11 bankruptcy.
- Ouster Inc. gained 28.8% after reporting better-than-expected second-quarter results and issuing Q3 revenue guidance. - Evolv Technologies Holdings jumped 24.3% after reporting better-than-expected second-quarter results and raising full-year revenue guidance.
- Innodata Inc. gained 23.9% after posting a narrower quarterly loss.
- IonQ Inc. climbed 22% after reporting strong second-quarter financial results.
- Groupon Inc. rose 20% after Goldman Sachs and Credit Suisse raised their price targets on the stock.
- Other gainers included Millennium Group International Holdings, Innodata Inc., Apyx Medical Corporation, MicroCloud Hologram Inc., and Tango Therapeutics.
- Nu Holdings' second-quarter 2023 revenues are expected to have increased year over year.
- Acri Capital Acquisition Corporation announced an extension of the deadline to complete a business combination.
- Tapestry Inc. announced plans to acquire Capri Holdings Limited for $57.00 per share in cash.
- Wheaton's second-quarter 2023 revenues declined due to lower volumes sold.
- Communication-network software providers like Frontier Communications, A10 Networks, and Weave Communications are benefiting from the ongoing digitalization efforts.
- US stocks faltered following higher-than-expected producer inflation numbers, with tech stocks underperforming the rest of the market.
- Amyris, Telesat Corporation, and Rigetti Computing were among the gainers in Friday's trading session.
- Several stocks received upgrades from analysts, including Alibaba Group Holding, Himax Technologies, Pinnacle West Capital, and Twilio.
- Downgrades were seen in stocks such as Cano Health, Triumph Group, Capri Holdings, One Stop Systems, and Lucid Group.
- Evolv Technologies, Innodata, IonQ, Groupon, and Bitdeer Technologies were among the stocks moving higher on Friday.
- J & J Snack Foods announced a dividend increase of 5%.
- The Producer Price Index (PPI) for July increased from the previous month but was flat year-over-year for core goods.
One week summary:
MARKET NEWS SUMMARY ('multiple_tickers', 2145) -- i.e. 2145 news summarised
for the period 2023-08-11 to 2023-08-21
***************************************************************
- Evolv Technologies, Innodata, IonQ, Groupon, Bitdeer Technologies, Tango Therapeutics, Eton Pharmaceuticals, ModivCare, and WeWork are among the stocks that saw significant gains in Friday's mid-day session.
- Amyris shares jumped 179.1% after the company filed for Chapter 11 bankruptcy.
- Rigetti Computing shares climbed 51.2% following better-than-expected quarterly results.
- Telesat Corporation gained 47.2% after reporting second-quarter results and announcing a multi-billion dollar deal.
- Proterra Inc. jumped 37% on continued volatility after filing for Chapter 11 bankruptcy.
- Ouster Inc. gained 28.8% after reporting better-than-expected second-quarter results and issuing Q3 revenue guidance. - Evolv Technologies Holdings jumped 24.3% after reporting better-than-expected second-quarter results and raising full-year revenue guidance.
- Innodata Inc. gained 23.9% after posting a narrower quarterly loss.
- IonQ Inc. climbed 22% after reporting strong second-quarter financial results.
- Groupon Inc. rose 20% after Goldman Sachs and Credit Suisse raised their price targets on the stock.
- Other gainers included Millennium Group International Holdings, Innodata Inc., Apyx Medical Corporation, MicroCloud Hologram Inc., and Tango Therapeutics.
- Nu Holdings' second-quarter 2023 revenues are expected to have increased year over year.
- Acri Capital Acquisition Corporation announced an extension of the deadline to complete a business combination.
- Tapestry Inc. announced plans to acquire Capri Holdings Limited for $57.00 per share in cash.
- Wheaton's second-quarter 2023 revenues declined due to lower volumes sold.
- Communication-network software providers like Frontier Communications, A10 Networks, and Weave Communications are benefiting from the ongoing digitalization efforts.
- US stocks faltered following higher-than-expected producer inflation numbers, with tech stocks underperforming the rest of the market.
- Amyris, Telesat Corporation, and Rigetti Computing were among the gainers in Friday's trading session.
- Several stocks received upgrades from analysts, including Alibaba Group Holding, Himax Technologies, Pinnacle West Capital, and Twilio.
- Downgrades were seen in stocks such as Cano Health, Triumph Group, Capri Holdings, One Stop Systems, and Lucid Group.
- Evolv Technologies, Innodata, IonQ, Groupon, and Bitdeer Technologies were among the stocks moving higher on Friday.
- J & J Snack Foods announced a dividend increase of 5%.
- The Producer Price Index (PPI) for July increased from the previous month but was flat year-over-year for core goods.
