Alibaba stock rises on report it is developing ChatGPT-like AI bot By Investing.com

[ad_1] © Reuters. Alibaba (BABA) stock rises on report it is developing ChatGPT-like AI bot By Senad Karaahmetovic Shares of Alibaba (NYSE:) are about 2.5% higher in pre-open Wednesday trading after a report in the Securities Times said the company is developing its own artificial intelligence (AI) service akin to OpenAI-made ChatGPT. The AI product … Read more

CVS Health confirms deal to buy Oak Street Health for $10.6 billion By Investing.com

[ad_1] © Reuters. CVS Health (CVS) confirms deal to buy Oak Street Health (OSH) for $10.6 billion By Senad Karaahmetovic CVS Health (NYSE:) today confirmed it has reached an agreement to acquire Oak Street Health (NYSE:) for $39 per share in cash, at an enterprise value of about $10.6 billion or an equity value of … Read more

Today’s most important initiations By Investing.com

[ad_1] © Reuters. Today’s most important initiations By Davit Kirakosyan Barclays initiated coverage on Target (NYSE:) with an Equalweight rating and a price target of $163.00. BTIG initiated coverage on Foot Locker (NYSE:) with a Buy rating and a price target of $55.00. Noble Capital initiated coverage on Largo Resources Ltd. (NASDAQ:) with an Outperform … Read more

S&P 500 jumps on tech rally as Powell offers scant new clues By Investing.com

[ad_1] © Reuters By Yasin Ebrahim Investing.com –The S&P 500 jumped in wild trading after Federal Reserve chairman Jerome Powell offered little new clues on policy in a speech Tuesday, reiterating the need for more rate hikes in what will likely be a long-drawn-out battle against inflation.  The rose 0.9%. the gained 0.44% or 149 … Read more

BTIG sees a ‘choppy’ H1 followed by a strong H2 for consumer retail and lifestyle brands firms By Investing.com

[ad_1] © Reuters BTIG sees a ‘choppy’ H1 followed by a strong H2 for Consumer Retail and Lifestyle Brands firms By Sam Boughedda BTIG analysts said in a note Tuesday that they have assumed coverage of retailers Deckers Outdoor Corporation (NYSE:), Revolve Group (NYSE:), Rocky Brands (NASDAQ:), and V.F. Corporation (NYSE:) and have initiated initial … Read more

Sweetgreen headwinds challenge path to profitability argues Cowen By Investing.com

[ad_1] © Reuters. Sweetgreen (SG) headwinds challenge path to profitability argues Cowen By Sam Boughedda Sweetgreen (NYSE:) was cut to Market Perform from Outperform, with its price target lowered to $12 per share from $19 by Cowen analysts on Tuesday. They told investors in a research note that the firm is worried the external environment … Read more

Morgan Stanley defends Ford following 4Q miss By Investing.com

[ad_1] © Reuters. Morgan Stanley defends Ford (F) following 4Q miss By Michael Elkins Morgan Stanley reiterated an Overweight rating on Ford (NYSE:) and cut the price target on the stock to $14.00 (From $15.00) following the car maker’s 4Q report. Ford missed 4Q by 30%, the only major miss of the 4Q auto earnings … Read more

Call of Duty strength fuel earnings beat By Investing.com

[ad_1] © Reuters Activision Blizzard (ATVI): Call of Duty strength fuel earnings beat By Senad Karaahmetovic Activision Blizzard (NASDAQ:) posted fourth-quarter results that came ahead of estimates as investors continue to focus on the regulatory aspect of the game maker’s pending sale to Microsoft (NASDAQ:). ATVI Q4 earnings per share of $1.87, easily above the … Read more

DuPont De Nemours earnings beat by $0.11, revenue fell short of estimates By Investing.com

[ad_1] © Reuters. DuPont De Nemours earnings beat by $0.11, revenue fell short of estimates Investing.com – DuPont De Nemours (NYSE: DD) reported fourth quarter EPS of $0.89, $0.11 better than the analyst estimate of $0.78. Revenue for the quarter came in at $3.1B versus the consensus estimate of $3.11B. Guidance DuPont De Nemours sees … Read more

Activision Blizzard Q4 results beat Wall Street estimates By Investing.com

[ad_1] © Reuters By Yasin Ebrahim Investing.com — Activision Blizzard (NASDAQ:) reported fourth-quarter results that beat Wall Street estimates just as the video game maker’s sale to Microsoft (NASDAQ:) is expected to face more headwinds.    Activision Blizzard was up 0.8% in aftermarket hours following the report. The gaming publisher Q4 earnings per share of $1.87, … Read more