Tepco shares surge as Japan’s heat wave stretches power grid
Shares of Tokyo Electric Power Co. Holdings Inc. surged Wednesday as a heat wave in Japan boosted power demand in the capital.
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Wynn Resorts Ltd. stock rises Tuesday, outperforms market
Shares of Wynn Resorts Ltd. WYNN, -2.09% rallied 3.15% to $59.51 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, 0.29% falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA, 0.52% falling 1.56% to 30,946.99. Wynn Resorts Ltd. closed $65.66 below its 52-week high ($125.17), which the company reached on June 30th.
Oil trades higher as supply worries provide lift
Oil futures moved higher early Wednesday, with concerns about tight supplies continuing to provide support, analysts said.
General Mills beats quarterly expectations and raises dividend
General Mills Inc. GIS, 5.37% posted fourth-quarter net income of $822.8 million, or $1.35 per share, nearly double $416.8 million, or 68 cents per share, last year.
Quilter (LON:QLT) Reaches New 12-Month Low Following Analyst Downgrade
Quilter plc (LON:QLT – Get Rating)’s share price hit a new 52-week low during trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 162 to GBX 125. Berenberg Bank currently has a hold rating on the stock. Quilter traded as low as GBX 105.70 ($1.30) and last traded at GBX 106 ($1.30), with a volume of 128511 shares changing hands. The stock had previously closed at GBX 107.60 ($1.32).
Bank of America Cuts Broadcom (NASDAQ:AVGO) Price Target to $625.00
Broadcom (NASDAQ:AVGO – Get Rating) had its price target lowered by stock analysts at Bank of America from $780.00 to $625.00 in a research note issued to investors on Wednesday, The Fly reports. Bank of America’s target price points to a potential upside of 25.39% from the company’s current price.
Piper Sandler Cuts Affirm (NASDAQ:AFRM) Price Target to $28.00
Affirm (NASDAQ:AFRM – Get Rating) had its price target dropped by Piper Sandler from $32.00 to $28.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Piper Sandler’s target price points to a potential upside of 36.32% from the company’s previous close.
Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $111.00
Wintrust Financial (NASDAQ:WTFC – Get Rating) had its price objective decreased by stock analysts at Raymond James from $130.00 to $111.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the bank’s stock. Raymond James’ target price would indicate a potential upside of 35.91% from the company’s current price.
Russia Working on Taliban Ties, Putin Says in Tajikistan
President Vladimir Putin says Russia is trying to build relations with the Taliban and that Russia wants to see all the ethnic groups in Afghanistan take part in running the country.
G-7 Aims to Create Club of Nations to Boost Climate Action
Members of the Group of Seven major economies pledged Tuesday to create a new “climate club” that for nations that wants to take more ambitious action to tackle global warming.
Weekly Market Review – May 18, 2024
Deere Q2 Results Top Street but It Cuts 2024 Profit Outlook Again as Farmers Buy Fewer Tractors
Walmart’s Strong First Quarter Driven by Consumers Seeking Bargains With Inflation Still an Issue
US Applications for Jobless Benefits Come Back Down After Last Week’s 9-Month High
Asian Shares Advance After Another Round of Wall St Records
Provident Financial Services (NYSE:PFS) Sees Unusually-High Trading Volume
Olaplex (NASDAQ:OLPX) Stock Price Up 4.4%
Nuvei (NASDAQ:NVEI) Sees Strong Trading Volume
Altria Group (NYSE:MO) Shares Up 0.3%
Rain, Cooler Temperatures Help Prevent Wildfire Near Canada’s Oil Sands From Growing