CFRA

The stock market’s robust performance in the first quarter of 2024 has investors on edge, with experts predicting a potentially “frightful yet fulfilling” year-end. What Happened: The S&P 500 is on course for a nearly 10% price gain in the first quarter, with a staggering 30%...

JPMorgan Chase & Co (NYSE: JPM) shares gained 2.9% Monday morning after the bank acquired the deposits and a "substantial majority of assets" from First Republic Bank (NYSE: FRC). First Republic is the latest victim of the U.S. regional banking crisis that has also taken down...

Tesla Inc (NASDAQ: TSLA) shares are skidding on the heels of somewhat disappointing production and delivery numbers. With first-quarter earnings on the horizon, all eyes are on margins and profitability as the Austin, Texas-based company continues to sting the competition....

The shocking downfall of SVB Financial Group (NASDAQ: SIVB) has stolen the spotlight in the banking sector this week, but the banking industry's woes may be much more serious than SVB's downfall. What Happened? SVB shares dropped 60% on Thursday after the bank announced a plan to raise more...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares rallied 4.9% on Friday after the Google parent company became the latest tech giant to announce layoffs. What Happened: On Friday, Google CEO Sundar Pichai sent an email to the company's staff informing them that Alphabet will begin laying...

There's no question 2022 has been a brutal year for auto stock investors. Shares of General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) are down more than 40% this year, while shares of Tesla Inc (NASDAQ: TSLA) are down nearly 70%. CFRA auto analyst Garrett Nelson recently...

Pfizer Inc. (NYSE: PFE) shares were trading lower Monday after the drugmaker announced a $5.4-billion bid to acquire blood disorder drugmaker Global Blood Therapeutics Inc (NASDAQ: GBT). Pfizer said it will pay $68.50 per share for Global Blood, roughly a 42.7% premium to the stock's closing...

Pinterest Inc (NYSE: PINS) rallied 14.8% on Friday following reports that activist investor Elliott Management has taken a 9% stake in the company. What Happened? On Thursday, the Wall Street Journal reported Elliott Management has taken a sizable stake in Pinterest and has been conducting...

Rivian Automotive Inc (NASDAQ: RIVN) shares traded higher by 13.2% on Wednesday after the company reported impressive production and delivery growth in the second quarter. Rivian produced 4,401 vehicles and delivered 4,467 vehicles in the second quarter. Compared to the first quarter, the second-...

Shares of Chinese electric vehicle maker Nio Inc - ADR (NYSE: NIO) were falling Wednesday following a new report by short seller Grizzly Research. On Wednesday morning, CFRA analyst Lim Jian Xiong said the allegations in the short seller report have no impact on his outlook for Nio shares...

Block Inc (NYSE: SQ) reported a first-quarter earnings miss driven by a sharp downturn in Bitcoin (CRYPTO: BTC) revenue. On Thursday, Block reported first-quarter adjusted EPS of 18 cents on $4 billion in revenue. Both numbers missed consensus analyst estimates of 20 cents and $4.1 billion,...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is off to a horrible start to 2022, down 11.7% year-to-date. However, a handful of popular stocks have severely lagged the market and generated much heavier losses for investors this year. The threat of sharply rising interest rates and a slowdown in...

Controversial Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has Wall Street buzzing after social media platform Twitter Inc (NYSE: TWTR) accepted Musk's hostile takeover bid to take Twitter private for $44 billion. Twitter's board of directors accepted Musk's bid on Monday after initially...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk announced an intention to acquire Twitter Inc (NYSE: TWTR) for around $43 billion, or $54.20 per share, which represents a 38% premium “from his position being publicly announced,” according to CFRA. The Twitter Analyst: Angelo Zino downgraded...

Toll Brothers, Inc. (NYSE: TOL) reported better-than-expected earnings for its fourth quarter after the closing bell on Tuesday. The company reported quarterly EPS of $1.24, beating market expectations of $1.15. The company’s sales came in at $1.791 billion, versus estimates of $1.792 billion...