PDD Stock Soars as Goldman Sachs Upgrades Stock On Improved Temu Economics

PDD Holdings (NASDAQ: PDD) stock is trading higher after Goldman Sachs analyst Ronald Keung upgraded the stock from Neutral to Buy and raised the price target from $145 to $184. Following PDD’s significant beat, Keung lifted his near-term online marketing revenue growth and 2024-2026 group profit estimates by 25%- 43%, citing…

Money
May 24, 2024
Google AI Powers Up Honor’s Next Smartphone Lineup

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google will see its artificial intelligence features incorporated into upcoming Honor devices, the Chinese smartphone maker announced Wednesday. Honor plans to embed generative AI experiences into its new hardware, leveraging Google Cloud. The integration would feature Google’s…

Money
May 22, 2024
Top 5 Utilities Stocks You May Want To Dump In May

As of May 16, 2024, five stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s…

Money
May 16, 2024
Jim Cramer Bets Cash-Strapped AMC, GameStop May Issue Shares To Capitalize On New Meme Stock Frenzy: ‘It Makes Too much Sense Not To’

The new meme stock rally is unlikely to slow down, with GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC) poised for another strong session on Tuesday. CNBC’s Mad Money host Jim Cramer took to social media to share his thoughts on the market frenzy. Capitalizing On The Mania? Cramer believes both GameStop and…

Money
May 14, 2024
US Foods’ Q1 Growth Beats Estimates, Outlook Remains Appetizing

US Foods Holding Corp (NYSE:USFD) shares are trading higher after the company reported first-quarter FY24 sales growth of 4.8% year-on-year to $8.95 billion, beating the analyst consensus estimate of $8.91 billion. Total case volume rose 4.2%, and independent restaurant case volume grew…

Money
May 09, 2024