Stock Movers: Lucid, Starbucks, Steve Madden
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Morgan Stanley Raises PT on RTX Corporation (RTX) to $165 from $135, Keeps Overweight Rating
RTX Corporation (NYSE:RTX) is one of the best long term low volatility stocks to buy now. On July 17, Morgan Stanley raised the firm's price target on RTX Corporation (NYSE:RTX) to $165 from $135, keeping an Overweight rating on the shares. An aerial view of a commercial jetliner in flight, its airframe glinting in the sun. The firm told investors that since aerospace stocks are trading at record multiples, the Aerospace sector is undergoing multiple expansion, and that points towards sector resilience. It anticipates industry dynamics to 'largely remain on trend.' Morgan Stanley also added in a Q2 preview for the sector that the Aero supply chain is continually undergoing improvements, with air traffic demand persisting and Boeing output holding momentum. These factors, according to the firm, continue to favor an optimistic outlook on aerospace stocks with a mix of aftermarket and original equipment exposure. RTX Corporation (NYSE:RTX) is an aerospace and defense company that provides aerospace and defense services and systems to military, commercial, and government customers. The company operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD). While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15 minutes ago
- Yahoo
TD Cowen Maintains a Buy on ServiceNow (NOW), Keeps the PT at $1,150
ServiceNow, Inc. (NYSE:NOW) is one of the best long term low volatility stocks to buy now. On July 16, TD Cowen analyst Derrick Wood maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW), keeping the price target at $1,150.00. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. The analyst reasoned that ServiceNow, Inc. (NYSE:NOW) is suitably positioned for future growth and has exhibited strong performance in the enterprise segment, especially with its AI-related projects. The firm expects favorable foreign exchange trends and the company's traction with its GenAI product cycle to be additional growth drivers for its financial performance. The analyst also stated that ServiceNow, Inc. (NYSE:NOW) has a strong track record with a significant beat in fiscal Q1 results and has set a lower guidance bar, which may result in a beat and raise the scenario in the upcoming quarters. ServiceNow, Inc. (NYSE:NOW) has increased sales hiring and boasts a strong pipeline, which, according to the analyst, strategically positions it for the second half of the year and sets it up for continued growth. ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15 minutes ago
- Yahoo
Above Food Ingredients (ABVE) Announces Acquisition of Palm Global Technologies
Above Food Ingredients Inc. (NASDAQ:ABVE) is one of the . On July 7, Above Food Ingredients Inc. (NASDAQ:ABVE) announced a definitive merger agreement with Palm Global Technologies Ltd., with the combination of the two companies to be carried out through a statutory plan of arrangement in Above Food Ingredients Inc.'s (NASDAQ:ABVE) domestic jurisdiction. Chefs in a fast-food kitchen preparing burgers and fries. The terms of the merger state that Above Food Ingredients Inc. (NASDAQ:ABVE) would acquire Palm Global Technologies Ltd., and the latter's shareholders would attain a total of 1.1 billion shares in Above Food in exchange for their existing holdings. The merger is expected to position Above Food Ingredients Inc. (NASDAQ:ABVE) as a market leader in the issuance of stablecoins and tokenization of real-world assets. Above Food Ingredients Inc. (NASDAQ:ABVE) operates its subsidiaries, Above Food Corp. and Bite Acquisition Corp. Above Food provides food products and brands as an ingredient company, while Bite is a blank check company that affects stock exchange, stock purchase, asset acquisition, merger, reorganization, or similar business combination with one or more businesses. While we acknowledge the potential of ABVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
