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The Latest Breaking News from NYSE

Benzinga's Top Ratings Upgrades, Downgrades For June 8, 2022

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Benzinga · Jun 8, 2022

Inspired By Alibaba, Tencent Goes Global As Regulatory Crackdown In China Continues To Bite

Tencent Holdings Ltd (OTC:TCEHY) looks to unleash its flagship mobile game "Honor of Kings" globally by the end of 2022, Reuters reports. Tencent will launch the international version under its Singapore-based brand Level Infinite, formed in 2021 to help games globally. "Honor of Kings," with over 95% of its users in China,…

Benzinga · Jun 8, 2022

Looking Into Desktop Metal, Inc. Class A Common Stock's Return On Capital Employed

According to Benzinga Pro data, during Q1, Desktop Metal, Inc. Class A Common Stock (NYSE:DM) posted sales of $43.71 million. Earnings were up 1.72%, but Desktop Metal, Inc. Class A Common Stock still reported an overall loss of $69.94 million.

Benzinga · Jun 8, 2022

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Planet Fitness's Return on Invested Capital Insights

According to Benzinga Pro, during Q1, Planet Fitness (NYSE:PLNT) earned $18.38 million, a 192.43% increase from the preceding quarter. Planet Fitness also posted a total of $186.68 million in sales, a 1.65% increase since Q4.

Benzinga · Jun 8, 2022

How AOL And AIM Paved The Way For Apple, iMessage, Twitter And Facebook

Before every cell phone had text messaging and social media platforms like Facebook and Twitter Inc. (NYSE: TWTR) existed, there was AOL Instant Messager, better known as AIM.

Benzinga · Jun 8, 2022

Short Volatility Alert: Western Alliance Bancorporation

On Tuesday, shares of Western Alliance Bancorporation (NYSE: WAL) experienced volatile short activity. After the activity, the stock price went up +2.36% to $83.18. The overall sentiment for WAL has been Bearish.

Benzinga · Jun 8, 2022

Short Volatility Alert: China Petroleum & Chemical Corporation

On Tuesday, shares of China Petroleum & Chemical Corporation (NYSE: SNP) experienced volatile short activity. After the activity, the stock price went down -0.42% to $54.02. The overall sentiment for SNP has been Bullish.

Benzinga · Jun 8, 2022

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Microsoft Goes Aggressive In Its Protest Against Russia's Ukraine Invasion - Read How

In an email accessed by Bloomberg, Microsoft Corp (NASDAQ:MSFT) disclosed materially scaling down its operations in Russia following the Russian invasion of Ukraine. Microsoft joined the likes of International Business Machines Corp (NYSE:IBM) and Apple Inc (NASDAQ:AAPL), cutting back or exiting the country after the invasion. The scaling down will affect over 400 employees. “As a result…

Benzinga · Jun 8, 2022

Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

Benzinga · Jun 8, 2022

Analyst Ratings for Dutch Bros

Analysts have provided the following ratings for Dutch Bros (NYSE:BROS) within the last quarter:

Benzinga · Jun 8, 2022

Where D.R. Horton Stands With Analysts

Within the last quarter, D.R. Horton (NYSE:DHI) has observed the following analyst ratings:

Benzinga · Jun 8, 2022

Where Floor & Decor Hldgs Stands With Analysts

Analysts have provided the following ratings for Floor & Decor Hldgs (NYSE:FND) within the last quarter:

Benzinga · Jun 8, 2022

Analyst Ratings for KB Home

KB Home (NYSE:KBH) has observed the following analyst ratings within the last quarter:

Benzinga · Jun 8, 2022

Analyst Ratings for Royal Caribbean Gr

Royal Caribbean Gr (NYSE:RCL) has observed the following analyst ratings within the last quarter:

Benzinga · Jun 8, 2022

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Benzinga · Jun 8, 2022

Campbell Soup Shares Gain On Q3 Earnings Beat

Campbell Soup Co (NYSE:CPB) reported third-quarter FY22 sales growth of 7% year-on-year to $2.13 billion, beating the consensus of $2.05 billion. Net sales from the Meals & Beverages segment rose 6%, and the Snacks segment climbed 8%. The gross margin contracted 50 basis points Y/Y to 31.2%. Adjusted EBIT of $321 million increased…

Benzinga · Jun 8, 2022

Jim Cramer Recommends Buying This Major Retail Stock 'Down Here'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he can't go with BlackLine Inc (NASDAQ: BL) as it is losing money.

Benzinga · Jun 8, 2022

Traders Expect Exxon Mobil Rally To Continue

Shares of Exxon Mobil Corp (NYSE: XOM) has risen by almost 63% year to date.

Benzinga · Jun 8, 2022

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

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Benzinga · Jun 8, 2022

ScottsMiracle-Gro Reduces Outlook For Sales And Non-GAAP Adjusted EPS, Here Are The Details

The Scotts Miracle-Gro Company (NYSE: SMG) stated consumer purchases of its core lawn and garden brands surged in May with unit volume now trending towards the company’s original assumptions for the season.

Benzinga · Jun 8, 2022

Thor Industries Q3 Earnings Smashes Estimates

Thor Industries Inc (NYSE:THO) reported third-quarter FY22 sales growth of 34.6% year-on-year to $4.66 billion, beating the consensus of $4.18 billion. The company attributed the sales growth to the increase in the average sales price of units and the increase in units sold. Net sales from the North American Towable RVs rose 53%…

Benzinga · Jun 8, 2022

Alibaba Could Suffer Fallout From Mysterious Disappearance Of 'Lipstick King'

The sudden disappearance of China's "Lipstick King" from Alibaba Group Holding's (NYSE: BABA) Taobao may come as a blow to the live-streaming platform.

Benzinga · Jun 8, 2022

Executives Sell More Than $61M Of 4 Stocks

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga · Jun 8, 2022

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Benzinga · Jun 8, 2022

10 Biggest Price Target Changes For Wednesday

Wells Fargo cut Lowe's Companies, Inc. (NYSE: LOW) price target from $260 to $240. Lowe's shares fell 0.7% to $194.36 in pre-market trading.

Benzinga · Jun 8, 2022

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

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