Kenvue Inc. (KVUE), the parent company of popular brands like Listerine, Mylanta, and Tylenol, is showing strong bullish signals. The stock is approaching a Golden Cross, a technical indicator suggesting potential for a significant price increase. A recent legal victory regarding Tylenol ‘Rapid Release’ gelcaps further strengthens the company’s position.
GameStop is set to report its second-quarter earnings on Tuesday, with Wall Street expecting a loss but revenues exceeding $895 million. The company is facing headwinds from declining discretionary spending, but its recent focus on retro gaming and strong technical indicators suggest potential for growth. However, analysts remain bearish, with price targets significantly lower than current trading levels.
Southwest Airlines and China Yuchai International are currently exhibiting overbought signals based on their RSI values, indicating potential short-term price corrections. This article delves into the recent performance and news surrounding these two stocks, highlighting their current RSI values and price action.
SONGMICS HOME, a leading online furnishings brand, showcased its innovative TOOLLESS technology at Maison&Objet 2024. This groundbreaking technology eliminates the need for tools, making furniture assembly faster, easier, and more eco-friendly. The company’s K-PRO Collection, featuring TOOLLESS technology, was a highlight of the event, demonstrating the future of furniture assembly.
Bank of America has announced a significant wage hike, raising its minimum hourly rate to $24 and setting a goal of $25 by 2025. This move, which impacts all full-time and part-time hourly roles, will push the minimum annual salary for full-time U.S. employees to almost $50,000. The bank’s stock has seen positive performance in the past year, with investors finding exposure through various ETFs.
Top Wall Street analysts have adjusted their price targets and ratings for a number of prominent companies, ranging from tech giants to retail businesses. This week saw upgrades, downgrades, and price target adjustments for companies like Oracle, Boot Barn Holdings, and Johnson Controls, indicating shifting market sentiment and potential investment opportunities.
Norfolk Southern CEO Alan Shaw is expected to step down this week as the company investigates an alleged relationship with an employee. The investigation follows a series of challenges during Shaw’s tenure, including the East Palestine train derailment and criticism from activist investors.
Sabert Corporation, a global leader in sustainable food packaging, has appointed Richa Desai as its Chief Sustainability and Strategy Officer. Desai, who previously served at Sabert from 2019 to 2021, brings extensive experience and a proven track record in sustainability leadership to her new role. Her appointment highlights Sabert’s commitment to driving innovation and environmental stewardship within the food packaging industry.
Hearts Heating & Air, a St. Pete Beach-based HVAC company, announces new ownership with a commitment to enhanced services and prioritizing indoor air quality. The new team brings extensive experience and focuses on innovative techniques and advanced technologies to deliver unparalleled HVAC solutions.
US stock futures edged lower Tuesday morning, with the Dow futures down slightly. Rubrik, Inc. shares tumbled in pre-market trading following their second-quarter earnings report. While the company beat analyst expectations on both earnings and revenue, the stock still faced pressure, dropping over 8%. Several other stocks also experienced losses in pre-market trading, including Ionis Pharmaceuticals, Applied Digital Corporation, VNET Group, Hewlett Packard Enterprise, Extreme Networks, PureTech Health, and Dropbox.
