Shares of cosmetics company e.l.f. Beauty (NYSE:ELF)
fell 1.6% in the morning session after Deutsche Bank downgraded the stock to 'Hold' from 'Buy'. The brokerage cited that social media commentary around the makeup company has turned "increasingly critical in recent weeks." Despite the lowered rating, the bank raised its price target on the shares to $128 from a previous $121. However, investors appeared to focus more on the downgrade. The negative sentiment reflects concerns that shifting consumer opinions online could present a headwind for the company's growth.
Constellation Brands now expects fiscal 2026 comparable earnings per share (EPS) between $11.30 and $11.60, compared with the prior forecast of $12.60 to $12.90.
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF)
jumped 4.2% in the morning session after the stock continued to rally following a positive analyst outlook.
Xpeng’s five-year American journey has been marked by soaring IPO highs, sharp corrections, and steady delivery growth that’s kept it in the race with Nio and Li Auto, even as Tesla’s scale continues to tower over the sector.
The financial world is abuzz with anticipation as the Federal Reserve signals a strong likelihood of an interest rate cut in September 2025. This potential move, heavily influenced by recent remarks from Federal Reserve Chair Jerome Powell, has already sent ripples through global markets, sparking optimism among investors and prompting
The financial markets are abuzz with significant movements across various sectors, driven by a confluence of strategic investments, groundbreaking regulatory approvals, and the enduring influence of retail investor sentiment. From Warren Buffett's latest healthcare bet to the Trump administration's potential foray into semiconductor manufacturing, and a major pharmaceutical breakthrough, these
Shares of cybersecurity provider Palo Alto Networks (NASDAQ:PANW)
jumped 3.3% in the pre-market session after it received rating upgrades from two prominent Wall Street analysts, Piper Sandler and Deutsche Bank. Both Piper Sandler and Deutsche Bank upgraded Palo Alto Networks to a "Buy" rating from "Hold." Piper Sandler raised its price target to $225, with the firm expecting the company's push to sell integrated security products to drive a rebound in bookings and accelerate growth into late 2025. Similarly, Deutsche Bank increased its price forecast for the stock to $220. This wave of optimism from Wall Street comes just days before the cybersecurity company is scheduled to report its fourth-quarter earnings on August 18.
Shares of manufacturing company IDEX (NYSE:IEX)
jumped 3.6% in the afternoon session after the industrials sector rallied on renewed optimism for a potential Federal Reserve interest rate cut and an agreement to extend the U.S.-China tariff truce. The positive sentiment stems from a recent tame inflation report, which boosts the likelihood of lower borrowing costs—a key stimulant for economic activity that benefits cyclical sectors like industrial products. This optimism was amplified by an agreement to extend the U.S.-China tariff truce, alleviating concerns about trade disruptions. This is particularly relevant for IDEX, as its management had previously cited “unpredictable trade policy changes and tariff announcements” as a source of volatility in customer orders. The macro tailwinds are further supported by a 'Moderate Buy' consensus rating from analysts and disclosures from the first quarter showing increased investment from firms like Deutsche Bank AG and Mitsubishi UFJ Asset Management.
A number of stocks jumped in the morning session after the release of a favorable Consumer Price Index (CPI) report, which showed inflation cooling more than anticipated. The July report from the Bureau of Labor Statistics indicated a year-over-year inflation rate of 2.7%, just below the 2.8% economists had forecast. This suggests that price pressures on consumers may be easing. Particularly beneficial for the sector was the news that the food index remained flat, with grocery prices even declining by 0.1% month-over-month. This development is seen as a positive for the profitability of food, beverage, and personal care companies, as lower input costs and increased consumer purchasing power could boost sales.
