Home Depot could be a beneficiary of the Federal Reserve’s latest rate-cutting cycle, according to Telsey Advisory Group. The investment firm upgraded shares of the home improvement retailer to outperform from market perform ahead of Home Depot’s third-quarter earnings release Tuesday. Analyst Joseph Feldman also lifted his price target to $455 from $360, which implies upside of 14% from Thursday’s close. “We have developed increased confidence in a return to solid sales and earnings growth in 2025 and beyond, with a number of recently heightened catalysts for the business,” the analyst wrote. Feldman cited upcoming Fed rate cuts as a…
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In a remarkable display of market strength, Owens Corning (NYSE:) stock has reached an all-time high, touching a price level of $191.5. This significant milestone underscores the company’s robust performance over the past year, which is reflected in an impressive 1-year change of 57.04%. Investors have shown increasing confidence in the building materials company, propelling the stock to new heights and outpacing many of its industry peers. The all-time high represents not just a peak for the year but the highest price point the stock has ever achieved, marking a notable event in the company’s history on the stock market.…
CARBON STORAGE …Farmers are now selling carbon credits to companies to offset their greenhouse gas emissionsPUBLISHED ON November 8, 2024James Clement III, MBA ’21, senior vice president and general manager for grass and rangeland at EarthOptics, addressing Dyson School students in Warren Hall, October 28 . (Photo: Heather Ainsworth)ITHACA, N.Y. — James Clement III, MBA ’21, a Texas rancher whose family has been raising cattle for 170 years, sees an invaluable resource below the surface of America’s grasslands that offers a natural way to combat greenhouse gas emissions: carbon. The country’s grasslands protect carbon better than trees, which are declining…
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Investing.com — US stock futures are mixed on Friday as investors try to extend the post-election rally. Premarket, the larger moves have been dominated by investor reactions to the latest earnings releases. Here are some of the biggest premarket US stock movers today: Pinterest (NYSE:) shares have tumbled around 13% after the social media firm reported its latest quarterly earnings, with earnings topping estimates but guidance coming in softer than expected. Five9 (NASDAQ:)’s stock surged 22.8% on the back of its earnings release, which saw the company beat consensus earnings and revenue expectations and provide better-than-expected full-year earnings and revenue…
(Reuters) – PNC Bank said on Friday it will increase its investment in branch expansion by an additional $500 million to open over 100 new locations and renovate 200 existing ones, doubling down on efforts to reach customers through physical locations. WHY IT’S IMPORTANT Though digital banking and … Source link
TaskUs Inc. shares have surged to a 52-week high, reaching a price level of $18.0 USD, as investors rally behind the outsourcing services provider. The company, known for its digital customer experience and content security services, has seen its stock climb significantly over the past year, with a notable 1-year change of 34.13%. This impressive performance reflects investor confidence in TaskUs’s growth trajectory and its ability to capitalize on the increasing demand for its specialized services in a digital-first economy. “In other recent news, TaskUs, Inc. has experienced significant developments. RBC Capital has raised the price target for the company…
US stocks hovered near record highs on Friday, with the Nasdaq lagging as post-election euphoria ebbed and China’s latest stimulus plan fell flat. The S&P 500 (^GSPC) rose 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 0.1%. The Dow Jones Industrial Average (^DJI) rose 0.3%. Stocks drifted higher to end to a stellar week of gains driven by optimism that President-elect Donald Trump’s policies will boost the economy. But the initial “Trump trade” rush appears to be fizzling out as Wall Street questions whether Trump will be able to push through his ambitions policies. The dollar (DX=F) and Treasury…
Image source: Getty Images I’m hungry to add another top FTSE 100 income stock to my portfolio, and Schroders (LSE: SDR) is jumping up and saying ‘Buy Me!’. Should I listen? The family-controlled fund manager now has a brilliant trailing yield of 6.99%. That’s well above the FTSE 100 average of around 3.5%. At that rate I’d double my money in just over a decade, even if the share price didn’t rise at all. Imagine if it did! Actually, that’s pretty hard to imagine right now, because the Schroders share price has been tanking for years. Schroders’ shares should carry…
TORONTO (Reuters) – Canada’s economy added 14,500 jobs in October and the jobless rate held at 6.5% from September, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY NICK REES, SENIOR FX MARKET ANALYST AT MONEX EUROPE LTD “Jobs gains slipped back in October, as we expected with less help from seasonal adjustments this month. But the unemployment rate stabilising at 6.5% might give the BoC some pause for thought when considering another 50 bp (basis point) rate move in December, keeping USD-CAD treading water for now.” ANDREW GRANTHAM, SENIOR ECONOMIST, CIBC (TSX:) CAPITAL MARKETS “Canadian employment growth…