The Latest Breaking News from NYSE

Goldman Sachs Turns Bearish On This Food Processing Company

Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside. Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain. The analyst expects material fertilizer supply shocks across nutrients. Samuelson views…

Benzinga · Mar 15, 2022

Why Alibaba And Nio Are Seeing High Interest From Retail Investors Today

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) and electric vehicle maker Nio Inc. (NYSE: NIO) are seeing high interest on Reddit’s r/WallStreetBets forum as of early Tuesday.

Benzinga · Mar 15, 2022

China's Lockdown Of Tech Hubs To Hamper Amazon, Walmart's Online Delivery: Report

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg reports. China had to initiate lockdowns and restrictions in its crucial manufacturing hubs like Shenzhen and Dongguan following a Covid-19 resurgence. Related Content: China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence The…

Benzinga · Mar 15, 2022

Ford Turns To Europe For EV Expansion: To Launch 7 Models In 2 Years, Targets Selling Over 600,000 Units By 2026

Ford Motor Co (NYSE: F) on Monday revealed plans to launch seven new electric vehicle models in Europe by 2024 and achieve sales of 600,000 EV units a year by 2026.

Benzinga · Mar 15, 2022

Cathie Wood Raises Exposure In Tesla Chinese Rival Backed By Warren Buffett

Cathie Wood-led Ark Investment Management on Monday sharply raised its exposure in the Chinese automaker BYD Co (OTC: BYDDY) but stayed away from buying shares in her favorite electric vehicle stock Tesla

Benzinga · Mar 15, 2022

BZ Bites: MoneyLion Reports Record Quarter, One-Year Customer Growth Over 100%

MoneyLion Inc (NYSE: ML) announced fourth-quarter and full-year ended Dec. 31, 2021, financial results. As it stands, record quarter and full-year net revenue were up 146% and 115%, respectively, year over year. Additionally, total customer counts grew 129% year over year.

Benzinga · Mar 15, 2022

12 Information Technology Stocks Moving In Monday's After-Market Session

Gainers

Benzinga · Mar 14, 2022

Check Out What Whales Are Doing With CAT

Someone with a lot of money to spend has taken a bearish stance on Caterpillar (NYSE:CAT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga · Mar 14, 2022

Archer Aviation Stock Gains Post Q4 Results

Archer Aviation Inc (NYSE:ACHR) reported a fourth-quarter net loss of $(43.3) million, a sequential decrease from $(176.7) million in 3Q21, driven primarily by a decrease in stock-based compensation of $83.9 million. Adjusted EBITDA loss expanded to $(32.4) million from $(28.3) million in Q3. Total operating expenses were $53.3 million for the quarter,…

Benzinga · Mar 14, 2022

Snap Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Snap (NYSE:SNAP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga · Mar 14, 2022