Analysts Offer Insights on Financial Companies: Oceanfirst Financial (OCFC) and Hong Kong Exchanges & Clearing (OtherHKXCF)
Analysts have been eager to weigh in on the Financial sector with new ratings on Oceanfirst Financial (OCFC – Research Report) and Hong Kong Exchanges & Clearing (HKXCF – Research Report).
Confident Investing Starts Here:
Oceanfirst Financial (OCFC)
In a report issued on June 6, Frank Schiraldi from Piper Sandler maintained a Hold rating on Oceanfirst Financial, with a price target of $19.00. The company's shares closed last Friday at $17.29.
According to TipRanks.com, Schiraldi is a 5-star analyst with an average return of 13.6% and a 61.3% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Tompkins Financial Corporation, Valley National Bancorp, and Univest Of Pennsylvania.
The word on The Street in general, suggests a Hold analyst consensus rating for Oceanfirst Financial with a $20.00 average price target.
In a report released yesterday, Richard Xu from Morgan Stanley maintained a Buy rating on Hong Kong Exchanges & Clearing, with a price target of HK$500.00. The company's shares closed last Friday at $51.88.
According to TipRanks.com, Xu is ranked #4119 out of 9627 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hong Kong Exchanges & Clearing with a $52.12 average price target, a 0.4% upside from current levels. In a report issued on June 2, Goldman Sachs also maintained a Buy rating on the stock with a HK$455.00 price target.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Markets surge as US–China trade talks heat up
Markets surge as US–China trade talks heat up originally appeared on TheStreet. On June 9, crypto markets turned green in response to high-level trade talks between the United States and China in London. The negotiations, led on the American side by Scott Bessent, Secretary of the U.S. Treasury Department, and on the Chinese side by He Lifeng, a vice premier of the Chinese government, aim to bolster the trade truce and prevent a return to the brink of new tariffs. Bitcoin price rose 1.83% over the past 24 hours, to $107,481.63, driven by a general risk-on mood. Ethereum rose 1.23% to $2,537.60, and XRP was the top performer among the major altcoins, increasing 2% to $0.26. Interestingly, the biggest gainer has been Solana, which rose 4.58% in the last 24 hours, driven by renewed positive sentiment, according to Kraken. This, in turn, implies that the crypto sector could gain from a truce in trade tensions. Amid the trade tension talks, Kevin Hassett, the director of the National Economic Council, stated in a CNBC interview that the US will release export controls if trade talks with China progress well. According to CNBC, analysts believe the Monday talks will not make significant progress in resolving the disagreement. Rebecca Harding, chief executive of the Centre for Economic Security, said to the media outlet, 'There's absolutely no other way of describing all of this, and this is about how data flows. It's about information. It's about AI. It's about tech. It's about defense too. China's rapidly expanding its munitions production at the moment. So it's about how these two economies actually compete and survive in a digital world where nobody really knows what the power of the nation state is" Now, many crypto analysts believe Bitcoin can go as high as $130,000 by June. For instance, PlanB, a renowned analyst with over two million followers on X, said today, 'Would be nice if BTC retests RSI 75 again this month. RSI 75 = ~$130k (June closing price)." At press time, BTC's RSI for four hours stands at 67.83, inching closer to 70. Notably, Bitcoin's 30-day RSI stands at 70. The RSI, or relative strength index, is a technical indicator used in trading and investing to assess the strength or weakness of a stock or cryptocurrency based on its recent price movements. Higher the RSI, stronger the demand for the asset. Markets surge as US–China trade talks heat up first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
an hour ago
- Miami Herald
Amazon bets on low prices to win grocery share
What is your biggest concern as a U.S. citizen right now? Rising prices, tariff policies, possible recession, job security, international conflicts, cost and accessibility of health care, or something else? These are all reasonable and important matters to be worried about right now. In fact, as many as 43% of consumers confirmed rising prices as their top concern, followed by tariff uncertainties (29%), according to a McKinsey and Company survey conducted in May. Don't miss the move: Subscribe to TheStreet's free daily newsletter The following biggest concerns include the ability to make ends meet (22%), immigration (19%), and cost and accessibility of health care (16%). This shouldn't come as a surprise, considering that Trump's "Liberation Day" announcement of higher tariff rates has shaken up the country. There is a possibility that tariffs may push the economy into recession. Related: Kroger announces big store change amid price gouging accusations As many as 60% of surveyed consumers have either changed or plan to change their spending habits because of recent tariff developments. Those who plan to change explained they will cut back spending on nonessential items, or switch to lower-priced brands and products. What does this mean for retailers? It means that they need to compete more aggressively on price to win customers. Now, the e-commerce giant, which already has had a disruptive impact on the global retail industry, is aiming to win a significant share of the grocery market. Image source: Ryder/Bloomberg via Getty Images Amazon's (AMZN) subsidiary Amazon Fresh was launched in 2007 as a grocery delivery service. However, in 2020, the company opened its first physical location in the Woodland Hills neighborhood of Los Angeles. In less than two years, there were 38 locations across multiple states. As of May 22, there are 65 Amazon Fresh stores in the United States, with around 42% of them in California. Related: Amazon's latest big bet may flop In 2023, the company announced it has paused the chain's expansion until it sees more favorable results in its grocery segment. Less than a year later, it launched a new store design and upgraded its offering. More recently, Amazon CEO Andy Jassy explained how tariffs might actually positively affect his company, as rivals will see a bigger impact, reported TheStreet's Daniel Kline. More Retail: Huge retail chain closing more stores soon (locations revealed)Struggling drugstore chain announces second bankruptcyBeloved discount grocery chain has massive US plans "When you have the broadest selection like we do, and 2 million-plus global sellers like we do, you're better positioned to help customers find whatever items matter to them at lower price points than elsewhere," he said. Now, Jassy is putting his words into action. Amazon Fresh has lowered many food prices and is loud about it. Many common, brand-name items are priced much lower than they are in nearby stores, and there are plenty of bright red low-price signs inside and outside stores on the East and West coasts, reported Grocery Dive, whose journalists visited three locations. Related: Costco goes bananas to protect members from tariffs One example is an 8-ounce tub of Philadelphia cream cheese, which was priced at $3.49 on May 27 in an Amazon Fresh store in Bellevue, Washington, compared to $4.99 in a Kroger-owned QFC across the street. The same Amazon store was charging $6.99 for a 12-pack of Pepsi cans, while at QFC, the same pack cost $10.99. Further, produce prices at Amazon Fresh store in Alexandria, Virginia, were also more affordable than at the nearest Giant Food store. For example, while Amazon Fresh was charging $1.89 for a 1-pound package of strawberries, Giant Good was charging $4.99, or $3.79 for members of the company's loyalty program. "As part of our focus on offering customers low, competitive prices to save money every day, we work to meet or beat competitor prices across the vast selection of products in our stores," Amazon spokesperson Molly McWhinnie told Grocery Dive in an emailed statement. Amazon's aggressive price competition showcases the giant's intention to better position itself in the oversaturated grocery business segment. Considering that 43% of consumers are worried about price and 60% plan to change their spending habits, this plan just might work. Related: Walmart makes surprise cuts as it looks at tariff price hikes The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
an hour ago
- Miami Herald
Costco sees one huge area for sales growth, happier members
Costco has never been a leader in much other than offering members low prices. The company only innovates when it has to. During the Covid pandemic, for example, it took charge of its own shipping containers. That was a move made out of need, but it proved the company can be agile when possible. Related: Bankrupt beauty brand to return after $1 billion collapse It has also done really well with Costco Logistics, a company it created because it did not like any of the other options it had for making larger deliveries. "It's about 20% to 25% of our total deliveries for Costco Logistics, but it is about 80% to 85% of our big and bulky," CEO Ron Vachris said during Costco's third-quarter earnings call. Don't miss the move: Subscribe to TheStreet's free daily newsletter The warehouse club has let its managers make decisions for use to use that resource. "We make our buyers make decisions of what to put through that network and what not to put through it. And so, they look for the best cost delivery source. And so, we know that big and bulky patio furniture, television, safe, those kind of things, all but the super specialty stuff we run through Costco Logistics. So, a big chunk of that business is going through the network of big and bulky," he added. Delivery, however, may not be the biggest opportunity Costco (COST) has. Image source: Bloomberg/Getty Images For years, Costco had a website, but did not even sell anything online. That has changed and the chain not only sells some of what it offers in its warehouses, but also deals from third-party sellers. The warehouse club also has an app, and CFO Gary Millerchip thinks that the company has barely scratched the surface of the potential there. He was asked about it during the call. "And are there any members that haven't used your digital yet in some way, shape or form, or is it still only half the people that really use it?" asked Greg Melich. Millerchip was enthusiastic in his response. "Yeah. It's over half has downloaded the app for sure, but there's still plenty of opportunity for growth in our mind. We still see it as an area where we'd expect to outpace our overall growth," he added. More on travel: US government warns of dating app use in popular cruise portsCarnival Cruise Line rep sounds alarm on growing YouTube problemWhat the CDC's Dengue Fever warning means for Caribbean travel It's not just about getting members to use the app, but also making it better. "And as we continue to improve the member experience with enhancements every quarter, Greg around, whether it's the inventory available on the app or improving the search functionality, improving the way in which we communicate with members, as I talked about earlier on the call, we believe all of those things are going to drive more digital engagement," he added. Millerchip believes that the Costco app may also have in-store uses as well. "We think tied to even some of the comments that Ron was making about speed of checkout, where members use their digital wallet and have their payment card integrated within the wallet, it significantly increases the speed of checkout through the check lane in the warehouse as well," he said. The CFO also made it clear that the app might be useful in ways he's not even considered yet. "So, we still think there's plenty of opportunity to keep driving higher penetration of digital engagement with our members and we think it's got a runway to continue to grow in the future," he added. Related: TSA shares travel warning for Costco members Vachris made more comments on digital and the app later in the call. "We found that digital really enhances the speed of checkout. And so, we are really working hard on the digital membership card usage as well. We've also engaged in some "Scan & Go done by Costco" kind of tests that we're doing out there that have been extremely successful of moving people through the lines and expediting the transactions," he said. "We've seen some very, very early results have been very positive and great adoption from our members seeing that as well." The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
