The Latest Breaking News from NYSE

2 Stocks To Play The Gloomy Homebuilding Outlook

Perhaps there's no sector that can feel the negative impact of higher interest rates more than the housing sector. Therefore, it’s hard to be bullish on the sector in the current environment.

Benzinga · May 18, 2022

CVS Health Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on CVS Health. Looking at options history for CVS Health (NYSE:CVS) we detected 21 strange trades.

Benzinga · May 18, 2022

Bath & Body Works: Q1 Earnings Insights

Bath & Body Works (NYSE:BBWI) reported its Q1 earnings results on Wednesday, May 18, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

Benzinga · May 18, 2022

Why Nike Shares Are Getting Hammered Today

Shares of several companies in the retail, including Nike Inc (NYSE: NKE), are trading lower following weak retail earnings this week from Walmart and Target. Anticipation of further Federal Reserve policy tightening has continued to weigh on stocks across sectors.

Benzinga · May 18, 2022

Jim Cramer Apologizes To Walmart After Target Stock Tanks On Earnings

Jim Cramer bashed Walmart Inc (NYSE: WMT) over poor execution on Tuesday after he was left stunned by the compa

Benzinga · May 18, 2022

This Twitter-Suspended Crypto Developer's Blockchain Social Network Claims To Handle Elon Musk's Concerns

Finnish cryptocurrency developer Stani Kulechov built a blockchain-based social network, Lens Protocol, available for anyone to access, Bloomberg, reports. Each piece of content is associated with a nonfungible token, giving the creator ownership over their post. Twitter, Inc (NYSE:TWTR) recently suspended Kulechov's account following a joke saying the social media company selected him as…

Benzinga · May 18, 2022

Elon Musk Attacks S&P Over Exxon Outscoring Tesla On ESG: What He's Saying

Elon Musk attacked the Environmental, Social, and Governance (ESG) standard on Wednesday, describing it as a "scam" that "has been weaponized by phony social justice warriors." He also accused S&P Global Ratings — the rating division of S&P Global — of losing its integrity.

Benzinga · May 18, 2022

KeyBanc Cuts Herc's Price Target By ~22%

KeyBanc lowered the price target for Herc Holdings Inc (NYSE:HRI) to $155 (an upside of 48%) from $200 while maintaining the Overweight rating on the shares. While investors have become more cautious about the equipment rental industry dynamics due to rising cycle concerns and the potential impact on industrial and nonresidential construction demand in 2023,…

Benzinga · May 18, 2022

BMO Capital Upgrades This Canadian Transportation Company To Outperform - Read Why

BMO Capital analyst Fadi Chamoun upgraded Canadian National Railway Co (TSX:CNR) (NYSE:CNI) to Outperform from Market Perform. The analyst maintained the Price Target for CNR at C$170. While maintaining the C$170 target price, the analyst sees a potential upside of C$190-C$200 if the demand environment remains favorable and the company executes on the large self-help…

Benzinga · May 18, 2022

Mid-Afternoon Market Update: Nasdaq Down Over 500 Points; Crude Oil Falls 2.5%

U.S. stocks extended losses toward the end of trading, with the Nasdaq Composite dipping more than 500 points on Wednesday.

Benzinga · May 18, 2022