Shares of Apple were downgraded to"Sector Weight" from"Overweight" at KeyBanc. Analyst Brandon Nispel cited concerns about valuation and the iPhone 15 upgrade cycle. Yahoo Finance Live explains the analyst's call.'It's not taxed at all': Warren Buffett shares the 'best investment' you can make when battling against inflation — and it doesn't have to cost you a dimeThis Dividend Aristocrat can help you earn worry-free passive income each year.
Despite fanfare, federal funding and even a visit from the prime minister, the owner of an N.W.T. mine project is closing down its processing plant in Saskatoon. Vital Metals owns Cheetah Resources, which is the owner of the Nechalacho mine project, about 100 kilometres south-east of Yellowknife. The project is one of the first rare earth metal mines in Canada.
The Toronto Stock Exchange's main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in.The S&P/TSX Composite Index lost more than 264 points, or 1.
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Apple Gets Downgraded by KeyBanc, Believing Valuation Near All-Time HighApple Inc. was downgraded at KeyBanc Capital Markets Inc., which said shares of the iPhone maker are trading near all-time high valuation levels though its sales growth is likely to slow.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
GM, Toyota, Molson Coors, Airbnb: Trending stocksGeneral Motors (GM) and Toyota (TM) posted double-digit sales gains in the third quarter. GM’s third-quarter sales were up 21 percent year-over-year and Toyota’s sales increased 12 percent year-over-year. Despite this, shares of both companies are moving lower in Tuesday's late trading. Trading for Molson Coors Beverage Company (TAP) was halted as news came out of the company’s Strategy Day, which included details on the alcohol company's plans to capitalize on the next Super Bowl. Airbnb (ABNB) shares fell in late trading after the stock was downgraded by KeyBanc analysts citing easing travel demand. Yahoo Finance Live takes a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Investors 'should not care' about govt. shutdown in Q4: ExpertA government shutdown was averted late Saturday evening as Congress approved a short-term 45-day federal funding bill. The bill is designed to keep the government open until November 17, providing lawmakers a window to fully develop a proper federal spending budget. Isaac Boltansky, Director of Policy Research at BTG, shares with Yahoo Finance that while a government shutdown was averted, it is still expected in the fourth quarter. He characterizes this bill as the federal government 'punting' tough decisions to a later date, with no real resolution on spending policies, such as providing aid to Ukraine. Boltansky ultimately believes investors should not be concerned. 'The one thing that scared me the most is that we wouldn't collect and report official government data, through the shutdown,' Boltansky tells Yahoo Finance, adding: 'At least we've got 6 more weeks of that.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Birkenstock readies for IPO, seeks $9.2 billion valuationBirkenstock is getting ready to make its stock market debut. The footwear company is seeking a valuation up to $9.2 billion and will trade on the New York Stock Exchange under the ticker 'BIRK.' Yahoo Finance’ Julie Hyman and Josh Lipton take a look at what has been seen from recent IPOs —and Josh shares his unique approach to styling Birkenstock sandals. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
HP upgrade, Ford lay offs, Warner Music: Top StocksBank of America analysts issued a double upgrade on HP Inc. (HPQ) shares, promoting the stock to 'Buy.' Ford (F) temporarily lays off 330 additional workers amid the ongoing UAW strike. Lastly, Warner Music Group (WMG) stock was upgraded to 'Buy' by UBS analysts. Yahoo Finance Live anchors Brad Smith and Seana Smith take a closer look at several trending stocks from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Intel plans to spinoff programmable chip unit in next 2-3 yearsIntel (INTC) announces its plans to spin off its Programmable Solutions Group segment, eyeing an IPO in two to three years. Yahoo Finance Live monitors Intel's stock action in early market trading. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »