Reports of a Takeover Send Hershey Stock Soaring
Food giant Mondelez is once again exploring an acquisition of chocolate maker Hershey, according to Bloomberg.
Ahead of Earnings, Analysts Say ‘Robust’ Costco May See Stock Split
Costco Wholesale is scheduled to report earnings for the first quarter of fiscal 2025 after the market closes, with analysts expecting the retailer to report rising revenue and profits.
Oppenheimer Sees S&P 500 Reaching 7,100 by 2025-End Amid Economic, Consumer Resilience
The S&P 500 is expected to end 2025 at a 7,100 level, suggesting a roughly 17% upside from Friday's
Why Cryptocurrencies XRP, Dogecoin, and Shiba Inu Are Struggling Today
Cryptocurrencies took a breather today as the price of Bitcoin retreated from $100,000 and traded around $97,500 as of 1 p.m. ET. Treasury yields rose in anticipation of new inflation data later this week, but otherwise, it was not immediately clear what drove the sell-off. Other cryptocurrencies followed Bitcoin's lead and struggled today as well.
El Salvador Is the Only Country Directly Buying Bitcoin Among 13 BTC-Holding Nations
About 47 nations have improved access to Bitcoin since 2020.
Palantir Technologies Stock Pulls Back After Setting All-Time High
Palantir Technologies shares retreated Monday after hitting their latest all-time high earlier in the session.
Vertex Has $5 Billion-Plus Opportunity In Pain And Kidney Disease Programs, Analyst Upgrades Stock
Jefferies has upgraded Vertex Pharmaceuticals Inc. (NASDAQ:VRTX), citing the company’s robust cystic fibrosis base business and the additional upside from the new LNP/ mRNA therapy (around $1 billion opportunity) and “triple pill” regimens. The company’s pipeline can potentially exceed expectations if the data is positive. The analyst views the risk/reward balance as mostly neutral for 2024. The pain program stands out as a potential blockbuster, especially with the upcoming launch for acute pai
Broadcom Likely For Upside Backed By AI Pipeline, Market Recovery, VMWare Synergy: Analyst
JP Morgan analyst Harlan Sur maintained an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $210. Broadcom will report fiscal fourth-quarter 2024 earnings on Thursday. Sur noted a strong demand profile for AI products, continued cyclical recovery in its diversified semiconductor (ex-AI) end markets, and unlocked VMWare revenue synergy. As a result, the analyst expects revenue, earnings, and free cash flow to be better than JP Morgan and consensus expectations (revenues comi
Xiaomi's next EV is the YU7, a Tesla Model Y competitor for the Chinese market
Chinese device and now EV-maker Xiaomi revealed its latest offering in the ultra-competitive Chinese auto market, doubling down on the success it's already achieved with its SU7 EV sedan.
MicroStrategy Buys Another $2.1 Billion Worth of Bitcoin
The company spent roughly $2.1 billion to add 21,550 bitcoins to its stash that has now grown to 423,650 BTC, and is worth close to $41.5 billion at current prices. MicroStrategy now controls over 2% of the 21 million bitcoin that will ever exist.
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