On Friday, TD Cowen took a cautious stance on FedEx Corp (NYSE:) shares by reducing its price target to $328 from $334, while still recommending the stock as a buy. The adjustment follows FedEx’s first-quarter financial results, which did not meet the analyst’s projections or the broader market consensus. The report highlighted ongoing challenges in the parcel market, including customers opting for cheaper shipping options and a general decline in demand. FedEx’s Freight segment has been under pressure due to difficulties in industrial end markets. TD Cowen anticipates that a comprehensive review of this business division will be concluded by…
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Many readers accuse us of scaring them by stating the factually obvious: Long-term equity investment comes with no guarantees of success! So, we discuss how to stay invested in equity without worrying about market falls.Equity investing (via mutual funds or direct equity) has no guarantees. Still, there is more than a reasonable chance of achieving our objective – beating inflation if we have the right expectations. See: Why should I invest in equity mutual funds when there is no guarantee of returns?Also, see: If you want equity to change your life, don’t waste time; invest now!However, the returns we get are…
When a car enthusiast dedicates nearly two decades to finding their dream vehicle, the anticipation can be overwhelming. Such was the case for those seeking the elusive Chrysler 300H. This limited edition muscle car, produced only in 1970, was a rare and coveted find. While often categorized as a personal luxury car, the 300H’s powerful engine and performance capabilities firmly placed it in high performance vehicles. The Chrysler 300 series had a storied history dating back to 1955, but by the late 1960s, its appeal had waned. The 300H marked a surprising resurgence, combining the luxury of the original models…
2 Ford has revealed its most potent and swiftest production Mustang yet, boasting an astonishing 815 horsepower and a top speed of over 200 miles per hour. This extraordinary feat positions the GTD as the most expensive Mustang ever produced, with a starting price of $325,000. However, the GTD deviates significantly from the standard Mustang production process. Unlike its mass produced counterparts, the GTD begins its life as a body in white at Ford’s Flat Rock assembly plant before being shipped to Canada for assembly by Multimatic. This specialized process involves extensive modifications, including the installation of a dual clutch…
Image source: Getty Images As decent as the performance of the FTSE 100 has been in 2024 so far, there are still plenty of stocks within the index that trade on lowly valuations. I’d consider snapping up some of these if I had the funds to do so, especially if making passive income were my primary goal. Long-term buy Rio Tinto (LSE: RIO) is one example. Shares in the miner change hands for just nine times forecast earnings. That’s way below the average in the UK stock market’s top tier, even though it’s pretty similar to sector peers. This ‘discount’…
Radical has introduced a series of upgrades for its 2025 race cars, offering buyers the opportunity to secure these vehicles at 2024 prices. The SR XXR model range benefits from several new features that enhance safety, reliability, and performance. A bespoke Daytona Green SR10 XXR showcases these MY25 upgrades, with matching green accents highlighting the car’s customizable nature. While the color choice is a matter of personal preference, these race cars are bound to stand out regardless. Interestingly, the Daytona Green hue bears a resemblance to Sauber’s F1 cars this year. Radical Reveals 2025 Upgrades for SR10 XXR Race Cars…
On Friday, Susquehanna adjusted its outlook on Endava PLC (NYSE:) shares, a leading software development company, by reducing its price target to $55 from the previous $66 while maintaining a Positive rating on the stock. The firm’s analysis cited a challenging demand environment and prolonged decision-making processes in the industry as key factors influencing the decision. Despite these hurdles, signs of market stabilization were noted. The company’s CEO has acknowledged the current market difficulties, which have contributed to margin pressures due to near-term restructuring costs. However, there is an optimistic view for the future as Endava is expected to increase…
The Genesis GV70, in both its internal combustion and electric forms, has achieved the highest safety ratings from the Insurance Institute for Highway Safety (IIHS). The compact luxury crossover excelled in all four crashworthiness tests conducted by the nonprofit organization, including the small overlap front crash test, original and updated moderate overlap front crash tests, and the updated side impact test. Surprisingly, the GV70 also earned the top rating for headlight performance, despite some minor issues with high beam visibility on the left side. The forward collision-avoidance assist system, while deemed acceptable, could have performed better in certain scenarios, particularly…
US stocks were poised for a retreat from record highs on Friday as rate-cut euphoria faded, with FedEx (FDX) earnings providing a reality check.S&P 500 futures (ES=F) fell roughly 0.3%, after the benchmark index ended at an all-time high. Dow Jones Industrial Average futures (YM=F) traded steady on the heels of notching its own record close. Leading the way lower, contracts on the tech-heavy Nasdaq 100 (NQ=F) dropped 0.5%.Stocks surged on Thursday as investors embraced Chair Jerome Powell’s message that the Federal Reserve made a big interest-rate cut to support the economy, not to save it — an idea bolstered…
Cadillac is experiencing a resurgence, igniting excitement across the automotive world with a diverse and compelling lineup. This American luxury brand is catering to a broad spectrum of drivers, from those yearning for the timeless sophistication of a premium sedan to those embracing the future with cutting edge electric SUVs. Under the hood, find a range of invigorating offerings. The CT5 series receives a welcome refresh for the 2025 model year, encompassing the standard sedan, the high-performance V-Series models, and even the mighty Blackwing. Cadillac’s Bold Electric Future (vburlapp / Instagram) Meanwhile, Cadillac shatters boundaries with the introduction of the…