Wells Fargo analysts “hate” upgrading a stock that’s risen about 180% in 2023, but they don’t want to miss out on a possible further DraftKings rally, either.
The Fed: Fed’s Williams is not in a rush to raise interest rates — or cut them
New York Fed President John Williams said that interest rates are in a “good place” and there was no need for immediate action.
: Tesla’s stock drops nearly 3% as CFO steps down
Tesla’s stock fell more than 2% Monday, reversing an earlier premarket gain, after the electric-vehicle giant said that Chief Financial Officer Zachary Kirkhorn was stepping down after four years in the role and 13 years with the company.
: Sage Therapeutics’ stock drops 49% after FDA approves zuranolone for postpartum depression but not for major depressive disorder
The good news on postpartum depression was offset by disappointment about major depressive disorder, which would be a far greater opportunity.
Deep Dive: These 20 companies are big winners this earnings season. What do analysts think about their stocks?
These companies increased sales by double digits while improving their profit margins.
: Siemens Energy’s shares slump as wind-turbine issues may cause $5 billion loss
Siemens Energy shares fell as much as 7% on Monday in volatile trade as the conglomerate warned of a €4.5 billion ($4.95 billion) annual loss due to trouble at its wind-turbine division.
: Campbell Soup to acquire Rao’s parent Sovos Brands $2.7 billion deal
Campbell is betting on Rao’s pasta sauces and their strong sales growth rate.
Metals Stocks: Gold prices end lower as bond yields edge higher, with focus on Fed’s rate path
Gold prices settled 0.3% lower at $1,970 on Monday, following robust gains during Friday’s session, as bond yields climbed, putting pressure on the yellow metal.
Earnings Results: Tyson Foods’ stock slides 6% after company swings to a quarterly loss
Meat producer to close four chicken facilities and booked goodwill impairment charges in its fiscal third quarter.
Key Words: Yellow blames bankruptcy filing on ‘bullying’ by Teamsters
Yellow declared bankruptcy over the weekend, and its CEO pulled no punches in blaming the Teamsters union force the LTL trucker’s demise.
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