Stocks making the biggest moves premarket: Jabil, Commercial Metals, Tesla and more
Names on the move ahead of the open.
Hold off on buying Warner Bros. Discovery, JPMorgan says in downgrade
Analysts are “skeptical” of Warner Bros. Discovery’s ability to grow after its recent merger.
A shallow recession is on the way, strategists warn. Here’s how it could play out
A shallow recession in the U.S. is a “virtual certainty” in the third quarter, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
Abbott pauses baby formula production in Michigan after severe storms
Abbott Laboratories said late Wednesday it has stopped production of its EleCare formula after severe storms flooded areas of its Sturgis, Michigan plant.
Bank of England hikes rates for the fifth time in a row as inflation soars
The Bank of England on Thursday implemented a fifth consecutive hike to interest rates as it looks to rein in soaring inflation.
Cosmetics giant Revlon files for Chapter 11 bankruptcy protection
Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain.
Buy Dollar General shares as the likelihood of a recession grows, Morgan Stanley says
“The only scenario where DG may be a relative underperformer is if the market rapidly moves to an early cycle ‘recovery,'” analysts say.
Boeing is a high risk buying opportunity that could soar 56% from here, Citi says
Citi believes the stock is a “valuable investment opportunity” should the company’s commercial aircraft programs maintain projected levels of profitability.
Billionaire investor Orlando Bravo warns there’s ‘more pain to come’ for the tech sector
Investors asking tech firms for a path to profitability are “not going to love what they see,” Bravo said.
Boeing is a high risk buying opportunity that could soar 56% from here, Citi says
Citi believes the stock is a “valuable investment opportunity” should the company’s commercial aircraft programs maintain projected levels of profitability.