Looking at the recommendation for Planet Fitness (PLNT) by Baird analyst Jonathan Komp, it is important to note that while he has reaffirmed a buy rating on PLNT stock with a price target of $92, there are some questionable points in his analysis. Komp’s bullish thesis is based on the company’s solid consumer value proposition
Broadcom recently reported its fiscal third-quarter results, exceeding the expectations set by Wall Street analysts. The chipmaking conglomerate managed to outperform in both revenue and earnings, showcasing a strong financial performance. However, despite the positive results, Broadcom shares experienced a 7% drop in extended trading following the release of the company’s guidance numbers. Financial Results
Seven & i Holdings, the parent company of 7-Eleven, recently rejected a takeover offer from Alimentation Couche-Tard. The company stated that the offer was not in the best interest of its shareholders and stakeholders. The proposal offered by Couche-Tard was deemed opportunistic and undervaluing Seven & i’s standalone path and potential for unlocking shareholder value.
Renowned economist Joseph Stiglitz has recommended a half-point interest rate cut by the Federal Reserve in the upcoming meeting. Stiglitz criticizes the U.S. central bank for tightening its monetary policy too aggressively and worsening the inflation problem by doing so. He believes that the Fed should have normalized interest rates instead of keeping them near
Boeing’s Starliner recently undocked from the International Space Station, several months later than originally planned. Interestingly, the capsule left without the two astronauts it initially delivered to orbit in June. NASA made the decision for the test pilots, Butch Wilmore and Suni Williams, to remain at the ISS until early next year. Upon their return
Vice President Kamala Harris has put forth a proposal to raise capital gains tax rates to 28% for households with an annual income of over $1 million. This marks an increase from the current rate of 20% for top earners. The intention behind this tax policy shift, as stated by Harris, is to incentivize investment
British luxury fashion house Burberry Group faced a significant setback as it dropped out of the U.K.’s prestigious FTSE 100 stock market index. The company’s descent into the FTSE 250 marked the end of a 15-year tenure in the blue-chip index, highlighting the challenges that Burberry has been grappling with in recent times. Established in
Forward Air is a transportation services company that operates in North America, Europe, and Asia. It offers a range of services, including less-than-truckload (LTL), truckload, intermodal drayage, and freight brokerage services. The company is categorized into three segments: Expedited Freight, Intermodal, and Omni Logistics. Ancora is an investment advisory firm that manages approximately $9.5 billion
The exchange-traded fund industry has witnessed a surge in inflows, surpassing monthly records in 2024. Managers are optimistic that the influx of funds could be influenced by the booming money market fund sector before the end of the year. Nate Geraci, the president of The ETF Store, highlighted the significant impact of the $6 trillion-plus
The National Football League season has once again become a goldmine for automakers as they rush back into advertising after a recent slowdown. Prominent companies like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are seizing the opportunity to capitalize on the NFL and its games as their primary advertising platforms in the
