After U.S. markets closed on Thursday, Adobe beat consensus earnings per share (EPS) and revenue estimates. Fourth-quarter EPS guidance was slightly above the consensus, while revenue guidance was in line with estimates. While the company’s results were outstanding, there are questions about future growth. The stock trades within 10% of its median price target, and it may be fully valued […]

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tesla TSLA, Oshkosh Corp. OSK and Gentex Corp. GNTX. Here are highlights from Wednesday’s Analyst Blog: Tesla & Suppliers to Invest $15B in […]

Fintel reports that on September 14, 2023, Susquehanna upgraded their outlook for Semtech (NASDAQ:SMTC) from Neutral to Positive. Analyst Price Forecast Suggests 73.94% Upside As of August 31, 2023, the average one-year price target for Semtech is 39.78. The forecasts range from a low of 28.28 to a high of $58.80. The average price target represents an increase of 73.94% […]

The newest rage in investing, for many who are not chasing artificial intelligence stocks, has been going to the safest possible investments. Short-dated Treasury debt and government-insured money-market funds have seen an explosion in cash infusions, and likely they will continue to gather more as rates for the two-year Treasury and short-dated government debt all yield more than 5%. In […]

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can’t control the latter, but they can focus on a company’s earnings results every quarter. The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider […]

There are 3 earnings reports due out after U.S. markets close Thursday. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with an asterisk have not confirmed the date. Adobe […]

Stocks in this week’s article are Caterpillar Inc. CAT, KB Home KBH, Walmart Inc. WMT, Dr. Reddy’s Laboratories RDY and FedEx Corp. FDX. 5 Dividend Growth Stocks for Steady Returns in Uncertain Times Wall Street has been shaky in recent weeks due to a weakening Chinese economy and fears of higher rates for a longer-than-expected period. Against such a backdrop, […]

Volatility has resurfaced on Wall Street. Last month, U.S. stock markets faced major setbacks for the first time in 2023. Market participants remain worried about how markets will behave this month. September is historically the worst-performing month on Wall Street. U.S. stocks have witnessed volatile trading in the first week of this month. The Fed’s September FOMC meeting will be […]

Active investors should pick breakout stocks to get superlative returns. This method involves zeroing in on stocks whose prices vary within a narrow band. If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break […]

Treasuries saw further upside in early trading on Friday but gave back ground over the course of the trading session. Bond prices pulled back off their early highs and spent the rest of the day lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a […]