Stock Research

Cracker Barrel Old Country Store CBRL shares surged on Wednesday after the restaurant chain reported better-than-expected fiscal third-quarter results and raised its full-year outlook. The strong report prompted analysts to increase price targets and helped fuel a sharp short squeeze in the stock. The stock climbed as much as 30% during morning trading. The rally… Continue reading Cracker Barrel stock soars 30% as earnings beat sparks short squeeze

US stock futures traded lower during European hours on Wednesday as investors assessed escalating geopolitical tensions in the Middle East and prepared for the release of closely watched US inflation data. At the time of writing, Dow Jones futures were down 0.30%, trading near 50,750. S&P 500 futures declined 0.40% to around 7,360, while Nasdaq… Continue reading Dow futures edge down as investors focus on US inflation

UK equity markets remained close to three-week lows on Wednesday as investors weighed ongoing geopolitical risks in the Middle East, corporate earnings developments, and the potential implications of upcoming US inflation. The benchmark FTSE 100 and the mid-cap FTSE 250 indexes both posted modest gains in early trading. By 0752 GMT, the FTSE 100 and… Continue reading UK equities hover at three-week lows as investors assess global risks

Asian semiconductor and technology stocks resumed their decline on Wednesday, tracking overnight weakness on Wall Street as concerns over artificial intelligence-related valuations continued to weigh on investor sentiment. The losses came after a brief rebound in chipmakers lost momentum, with investors increasingly questioning whether the sector’s rapid gains have outpaced underlying fundamentals. Chip stocks lead… Continue reading Asian tech stocks slide as AI rally loses momentum amid valuation worries

BYD Chairman Wang Chuanfu has said the Chinese electric vehicle maker aims to become the world’s largest automaker within the next five years, outlining an ambitious growth target as the company faces slowing domestic demand and pressure on its share price. Speaking at BYD’s annual shareholder meeting at the company’s headquarters in Shenzhen on Tuesday,… Continue reading BYD chairman projects global leadership in five years amid market challenges

Meta Platforms (META) is positioning itself for further upside as it taps a new subscription-based revenue stream, Truist analysts led by Youssef Squali told clients in their latest research note. Squali maintains a “buy” rating on the tech behemoth, with an $840 price target indicating potential upside of more than 40% from current levels. “We… Continue reading Meta is building a new $20B business, Truist says

Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle East and prepared for key inflation data and the highly anticipated SpaceX initial public offering. The S&P 500 fell 0.26% to 7,386.65, while the Nasdaq Composite dropped 0.97% to 25,678.82.… Continue reading Dow gains as Nasdaq slides on chip selloff, SpaceX IPO concerns

Shares of DraftKings (DKNG) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform. The update fueled investor optimism about DraftKings’ position in the rapidly expanding prediction markets industry. At the time of writing, DraftKings stock was up more than 11%, making its largest one-day percentage gain in more… Continue reading DraftKings stock jumps 11% as prediction markets volume surges

Oracle (ORCL) shares remain in focus ahead of the artificial intelligence (AI) infrastructure firm’s Q4 earnings set to be released tomorrow, June 10, after market close.  Consensus is for the company to report $1.96 a share (EPS) of adjusted earnings on $19.1 billion in revenue – about a 20% growth on the top-line and 15%… Continue reading Options data reveals how Oracle stock may respond to its Q4 earnings tomorrow