#STOCK PRICE OF STEM UPGRADE#
Urban Outfitters – The retailer gained nearly 4% following an upgrade to overweight by Morgan Stanley. Carnival's target went to $20 from $11, also rising to the highest since May, 2022, while Royal Caribbean's rose to $95 from $82 and the stock touched the highest since November, 2021. Norwegian Cruise Line Holdings - Norwegian Cruise Line Holdings jumped 4.8% to the highest since May 2022 after Bank of America on Monday raised its price target to $19 from $17, though the firm maintained a neutral investment rating. Goldman Sachs upgraded Oracle to neutral from sell following the report. Revenue also came in higher than expected at $13.84 billion against a $13.74 billion estimate. Oracle reported $1.67 in adjusted earnings per share, while analysts polled by Refinitiv expected $1.58. Oracle- Shares rose 2.7% to an all-time high on the back of a strong earnings report for the fiscal fourth quarter. It is the lowest inflation since early 2021.Ĭheck out the companies making headlines in midday trading. Shares of streaming giant Netflix climbed 2.8%.Ĭorrection: An earlier version of the story had an incorrect headline on the inflation level low.
#STOCK PRICE OF STEM SOFTWARE#
Oracle shares jumped 0.2% a day after the software vendor topped Wall Street's estimates for the fiscal fourth quarter. Tech shares led the way as easing inflation and rates boosted optimism for the sector. " will buy themselves the maximum amount of optionality by signaling at least one further hike by the end of 2023, aligned with market expectations, and will guide towards a 'skip' instead of an extended pause to sit and observe the effects of raising rates 5% since the beginning of the hiking cycle," said Gargi Chaudhuri, head of iShares investment strategy, Americas, at BlackRock. The latest odds gave a roughly 91% chance the central bank would keep rates at the current target rate of 5% to 5.25%, according to CME Group's FedWatch tool. Following the report, traders increased their bets that the Fed will keep rates unchanged on Wednesday after hiking at 10 consecutive meetings. May's consumer price index increased 4% year over year, marking the slowest annual rate since March 2021. Currently, the broad-market index is up about 25% from its October low, surpassing the simplistic definition of a bull market. Both indexes each reached their highest closing levels since April 2022 on Monday. The S&P 500 and the Nasdaq notched fresh 13-month highs during Tuesday's session. The Dow Jones Industrial Average traded 145.79 points higher, or 0.43%, to close at 34,212.12. Watch list After Hours Last Updated: 7:59 p.m. Stocks rose Tuesday after new inflation data showed price pressures slowed again in May, adding to investor optimism that the Federal Reserve could skip a rate hike when it next decides on policy this week. Quotes Stocks United States STEM Overview Stock Screener Earnings Calendar Sectors NYSE STEM U.S.: NYSE Stem Inc. Personal Loans for 670 Credit Score or Lower
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