Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. “Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial opportunity … Read more
US Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters The top US securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail … Read more
Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business. Kroger Check out the companies making headlines in midday trading Friday. Robinhood – Shares of the trading app dropped more than 7% after Goldman Sacks downgraded the stock to sell from neutral. The Wall Street firm cited … Read more
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Alibaba, Baidu, JD.com – Shares of the China-based companies fell midday after JPMorgan Chase downgraded the stocks to underweight. Their stocks tumbled 9%, … Read more
The stock trading app Robinhood gave a gloomy revenue forecast for the first quarter of 2022 on Thursday as its latest earnings report showed a decline in active users. Shares of Robinhood rose 9.7% on Friday after losing more than 14% earlier in the day. The new public brokerage firm expects first-quarter revenue of less … Read more
A recap of Friday’s best stock picks on CNBC. .