The Latest Breaking News from NYSE

Is The Rebound Over Already?

The Technology Select Sector SPDR Fund ETF (NYSE: XLK) tracks the tech sector of the market. It has run into resistance, which means the stage may be set for the rebound to end or pause.

Benzinga · May 31, 2022

Trinity Industries Acquires This Rail Logistics Software Platform - Read More For Details

Trinity Industries Inc (NYSE:TRN) has acquired Quasar Platform Inc. from Cando Rail & Terminals Ltd. Deal terms were not disclosed. Quasar is an end-to-end rail logistics software platform providing a real-time data universe to freight rail shippers and operators. This transaction will enhance Trinity's digital product portfolio, including Trinsight, by adding additional…

Benzinga · May 31, 2022

Expert Ratings for Cooper Companies

Cooper Companies (NYSE:COO) has observed the following analyst ratings within the last quarter:

Benzinga · May 31, 2022

Nordic American Tankers Clocks ~18% Revenue Decline In Q1

Nordic American Tankers Limited (NYSE:NAT) reported a first-quarter revenue decline of 17.5% year-over-year to $15.52 million. Net loss per share for the quarter was $(0.14), compared to $(0.16) a year ago. Net operating loss widened to $(20.92) million from $(18.38) million in 1Q21. Net cash used in operating activities for Q1 totaled…

Benzinga · May 31, 2022

5 Value Stocks To Watch In The Consumer Cyclical Sector

What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Benzinga · May 31, 2022

Looking At Alibaba Group Holding's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding. Looking at options history for Alibaba Group Holding (NYSE:BABA) we detected 24 strange trades.

Benzinga · May 31, 2022

Here's How Much You Would Have Made Owning Arthur J. Gallagher Stock In The Last 5 Years

Arthur J. Gallagher (NYSE:AJG) has outperformed the market over the past 5 years by 12.34% on an annualized basis producing an average annual return of 23.35%. Currently, Arthur J. Gallagher has a market capitalization of $34.13 billion.

Benzinga · May 31, 2022

What's Going On With Alibaba Stock Today?

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Tuesday as China prepares to lift COVID-19 lockdown measures, beginning June 1.

Benzinga · May 31, 2022

Allego Expands Strategic Partnership With Germany's ATU - Read Why

Allego NV (NYSE:ALLG) has entered into a strategic partnership with ATU, a German automotive service provider, for EV charging infrastructure. The project is expected to begin in 2022. The partnership provides for installing fast-charging stations at 400 ATU stores totaling around 900 charging points. Allego is investing a mid-double-digit million sum for this purpose,…

Benzinga · May 31, 2022

Here's Why Morgan Stanley Downgraded American Eagle Outfitters, Sees Considerable Downside

Morgan Stanley analyst Kimberly Greenberger downgraded American Eagle Outfitters Inc (NYSE:AEO) to Underweight from Equal-Weight with a price target of $8, down from $22, implying a 32% downside. The analyst noted the company reduced its 2022 guidance as its optimism proved excessive. Greenberger sees further risk to sales driven by significant Average Unit Retail (AUR) giveback. She…

Benzinga · May 31, 2022