FedEx, McDonald’s, Lucid and more

Here are Tuesday’s biggest calls on Wall Street. Goldman Sachs downgrades Keurig Dr Pepper to neutral from buy Goldman said it sees increased risk to Keurig ‘s margins amid higher coffee prices. “We now see a more balanced risk/reward and therefore downgrade the stock to a Neutral rating from a Buy given our expectation that … Read more

PG&E, Lyft, Las Vegas Sands, more

Check out the companies making headlines before the bell: Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very … Read more

BMO upgrades Domino’s Pizza, predicts 35% rebound in struggling stock

BMO Capital Markets says now is the time to buy Domino’s Pizza as the stock is set to surge 35% driven by solid demand following underperformance. The firm upgraded the stock to outperform and maintained its $430 price target, which implies a nearly 35% upside from where shares currently trade. Shares are currently near multi-year … Read more

Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett

Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with “economic moats” could help investors shield their portfolios from increasing economic uncertainty. It’s a term popularized by the legendary investor that refers to a company’s ability to maintain competitive advantages … Read more

Stocks making the biggest moves after hours: Costco, DocuSign, Scholastic

Customers carry their items after shopping at Costco in Washington D.C., May 5, 2021. Ting Shen | Xinhua News Agency | Getty Images Here are the stocks making notable moves in extended trading: Costco — The wholesale membership club retailer was down about 2.8% after reporting fiscal fourth quarter earnings post-market, and saying it’s seeing … Read more

Accenture, Darden Restaurants, home builders

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm reported a better-than-expected quarterly profit and revenue, but gave a weaker-than-expected revenue forecast for the current quarter. Accenture pointed to IT spending cuts by corporate customers and a negative impact from the stronger dollar. Nonetheless, Accenture gained 1% in premarket … Read more

Xpeng breaks out of a lower price range with its more expensive car G9

Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Xpeng has … Read more

One number could be the key to how markets trade right after Fed meets

The bond market is waiting for Federal Reserve officials to reveal how high they think interest rates will go. The reaction to that forecast will also have a profound impact on stocks, which have struggled as rates have risen in anticipation of a more aggressive Fed. The latest Fed forecast for a terminal rate — … Read more

Ether falls this week as ‘merge’ hype fades. The crypto outlook from here

Ether is on pace to post its worst week since mid-June, after the long-anticipated Ethereum merge turned out to be the exact sell-the-news event so many foresaw. After an initially muted market response to the event, the price of the second largest crypto asset by market cap turned lower Thursday and is now down 16.6% … Read more

Needham says buy Snowflake as potential new uses for its platform can boost the stock by 20%

New use cases for Snowflake ‘s cloud-native data platform could give the stock a big boost, according to Needham. Analyst Mike Cikos initiated coverage of the cloud stock with a buy rating, calling attention to expansion opportunities for Snowflake’s cloud platform ahead. Cikos also slapped a $240 price target on the stock, implying upside of … Read more