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Robinhood to Pay $45M Fine Following SEC Allegations

Robinhood Markets' (NASDAQ: HOOD) two key broker-dealer units, Robinhood Securities LLC and Robinhood Financial LLC, have consented to pay $45 million in penalties. This payment comes as a settlement to address allegations po

Asktraders News Team
Lululemon’s Price Target (NASDAQ: LULU) Increased at BofA

Bank of America has lifted its price target for the athletic apparel retailer Lululemon Athletica's stock to $480, up from the previous $420, while keeping a Buy rating on the shares. Following a successful holiday performanc

Asktraders News Team
Nvidia Expands AI Operations with New Headquarters in Taipei

Nvidia Corporation (NASDAQ: NVDA) is bolstering its presence in the artif

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British American Tobacco Shares Dip as Reinet Plans to Sell Stake

British American Tobacco shares (LON: BATS) are trading down today, shedding 1.88%, as Reinet has announced its intention to divest its holdings in the firm. The Jerse

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JD Sports Downtrend Continues as Profit Forecast Lowered

JD Sports Fashion (LON: JD.) revised its profit forecast downward on Tuesday, citing higher-than-anticipated market headwinds during the holiday trading period.  [stock_market

Sam Boughedda
Ocado Q4 Sales Growth Boosts Stock: Will it Snap Losing Streak?

Ocado Group (LON: OCDO) shares surged in early Tuesday trading, climbing more than 13% after Ocado Retail reported impressive fourth-quarter results, with a notable 17.5% increase in retail revenue, reaching £715.8 million.&n

Sam Boughedda
Tesco’s Price Target Trimmed, With Bullish Sentiment Maintained

Tesco shares (LON: TSCO) have had their outlook revised at JPMorgan, with an adjustment in price target on TSCO from 410p to 400p. Despite the trim in target price, the firm has maintained an "overweight" rating on Tesco’s st

Asktraders News Team
US Indices Red on Year, Barclays Foresees Single Fed Rate Cut

In December, labour market data showed a strong performance with nonfarm payrolls increasing by 256,000, significantly surpassing the consensus estimate of 165,000. The unemployment rate also saw a decline to 4.1%, supported

Asktraders News Team
Apple Increases CEO Tim Cook’s Salary by 18% for 2024

Apple Inc. (NASDAQ: AAPL) has decided to increase CEO Tim Cook's compensation by 18% for the year 2024, bringing his total pay to $74.6 million, up from $63.2 million the previous year. This decision highlights the company's

Asktraders News Team
Lloyds Bank Shares Trading in Range as Firm Links Bonuses to Office Attendance

Lloyds Banking Group PLC (LON: LLOY) has recently informed its senior staff that their bonuses might be impacted based on their adherence to the company's office attendance policy. This policy mandates senior employees to wor

Asktraders News Team
Snowflake’s (NYSE: SNOW) Price Target Raised to $200

Oppenheimer has raised its price target on Snowflake 's stock (NYSE: SNOW) to $200 from $180, underscoring the firm's confidence in the software company's prospects. Snowflake retains an Outperform rating from the analyst fir

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Cyber Attack Halts Operations at Eindhoven University of Technology

Eindhoven University of Technology, a significant educational institution closely linked to ASML Holding NV (AMS: ASML), has been forced to suspend classes and shut down its computer network following a cyber attack. This inc

Asktraders News Team
Microvast Stock Starts Week Red After New 52-Week High

Microvast Holdings stock (NASDAQ:MVST) has begun this week red in the pre-market, down 5.53% at $2.22, having hit a new 52-week high at $2.87 on Friday. This surge reflects growing investor confidence, driven by various facto

Asktraders News Team
Joby Aviation Stock Red Pre-Market as Analysts’ Sentiment Shifts

Joby Aviation stock (NYSE: JOBY) is trading down 3.2% in this morning's pre-market, having ended the last week with a 7.9% drop, and a downgrade to boot. The firm, pioneering the electric vertical takeoff and landing (eVTOL)

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Europe’s Largest Pension Fund Sells Tesla Holdings

Europe's largest pension fund, Stichting Pensioenfonds ABP, has divested its entire stake in Tesla Inc., which was valued at €571 million ($585 million). This significant move occurred during the third quarter, following disa

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Instacart (NASDAQ: CART) Upgraded to “Buy”, $56 Price Target

Instacart's stock (NASDAQ: CART) offered a considerable outperformance on the market through 2024, with a gain of more than 80%. A 5% gain through the start of this year could be setting the tone for further upside if analyst

Asktraders News Team
PG&E Stock (NYSE: PCG) Gains Bullish Analyst Coverage

PG&E Corporation's stock price (NYSE: PCG) came under fire as markets dropped Friday, experiencing a 10.81% loss on the day, bringing year-to-date returns to an underwhelming 15.17% in the red. This brings the stock back

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Filtronic Share Price Rally Continues as Trading Ahead of Expectations

Filtronic (LON: FTC) shares jumped at the open on Monday after telling investors its trading performance is exceeding expectations.  The company, listed on AIM under t

Sam Boughedda
GSK to Acquire IDRx in Deal Worth Up To $1.15bn

On Monday, GSK (LON: GSK) announced an acquisition agreement with IDRx, Inc., a Boston-based clinical-stage biopharmaceutical company, for up to $1.15 billion.  The de

Sam Boughedda
BWX Technologies (NYSE: BWXT) Price Target Raised to $140

In the wake of a strategic acquisition and growing industry opportunities, Maxim analyst Tate Sullivan has updated the price target on BWX Technologies (NYSE: BWXT), raising it modestly from $138 to $140 while sustaining a Bu

Asktraders News Team
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