Raymond James downgrades ‘Magnificent 7’ stock on near-term pressures

Raymond James downgrades ‘Magnificent 7’ stock on near-term pressures

Wall Street is underestimating the near-term pressures on Amazon’s earnings, according to Raymond James. The firm downgraded the stock to outperform from strong buy in a Monday note. It also lowered its price target to $195 from $275, suggesting 13% upside potential from Thursday’s close. Analyst Josh Beck cited headwinds from tariffs and macro uncertainties…

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Hertz CEO ‘encouraged’ by Ackman’s ‘significant’ stake in the company

Hertz CEO ‘encouraged’ by Ackman’s ‘significant’ stake in the company

A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021.  Brendan Mcdermid | Reuters Hertz Global CEO Gil West is “encouraged” and “energized” by prominent investor Bill Ackman taking a “significant” position in the post-bankrupt rental car…

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Outlook for April 21-25, 2025

Outlook for April 21-25, 2025

Wall Street may be past the worst of the tariff headlines two weeks after the initial April 2 announcement — as President Donald Trump endeavors to accomplish enormous trade deals during his 90-day pause — but volatility will continue to be a mainstay of the stock market for the foreseeable future. Investors wrapped up yet…

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Retail sales March 2025:

Retail sales March 2025:

Consumer spending was stronger than expected in March as demand remained high despite declining sentiment, the Commerce Department reported Wednesday. The advanced estimate of retail sales showed an increase of 1.4% on the month, better than the 1.2% Dow Jones estimate and higher than the 0.2% increase in February. Excluding autos, the numbers also were…

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United Airlines (UAL) Q1 2025 earnings

United Airlines (UAL) Q1 2025 earnings

A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. Charly Triballeau | Afp | Getty Images United Airlines maintained its full-year forecast on Tuesday but took an unusual step of offering a second forecast…

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