On Friday, Oppenheimer downgraded both Home Depot and Lowe’s to perform from outperform and lowered their price targets marginally. The firm disclosed that it still finds both companies favorable in the intermediate to longer-term stance, as shifts in consumer demands in the real estate and home improvement space are going to continue to fluctuate. Yahoo […]

Shares in Nutanix (NTNX) spiked 17% in Thursday’s after-hours trading after the company reported an earnings beat thanks to solid large-deal traction, record gross margin, and tight cost control.Specifically, FQ4 Non-GAAP EPS of -$0.39 soared past Street expectations by $0.28 while GAAP EPS of -$0.93 also beat by $0.15. Revenue of $327.87M topped consensus expectations by $8.41M, […]

(Bloomberg Opinion) — The amount of new debt issued this year in the U.S. investment-grade corporate bond market will reach $1 trillion today, by far the fastest pace in history. The implications of that milestone depend on how you look at it.For businesses that had been ravaged by the coronavirus pandemic and the ensuing nationwide lockdowns, access to […]

Plummeting oil prices and uncertainty around the oil market in the midst of a price war between two big producing nations led Bank of America to downgrade nearly every stock in the sector that it didn't already rate Underperform, dropping the outlook on 14 stocks across the industry, from offshore drillers to equipment companies.Bank of […]