Wells Fargo and Bernstein upgrade FedEx ahead of investor day next week
Wells Fargo and Bernstein respectively see upside of 13% and 27% ahead for FedEx.
Disney names parks boss Josh D’Amaro as its next CEO to succeed Bob Iger, effective March 18
Disney has named Josh D’Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race.
Property Play: December CRE deal volume sinks further, but office is a surprising bright spot
The recovery in office has been swelling, as return-to-office orders and a boom in AI employment counter the pandemic-driven narrative that office is over.
JPMorgan turns bullish on SoFi, cites growth momentum and attractive entry point
JPMorgan’s $31 price target implies that shares of SoFi could rise 41% from their current levels.
Ray Dalio warns the world is ‘on the brink’ of a capital war
The billionaire Bridgewater founder also weighed in on investing in gold after the metal was gripped by a sharp sell-off.
Stocks making the biggest moves premarket: Palantir Technologies, Merck, Pfizer & more
These are the stocks posting the largest moves in early trading.
Pfizer says obesity injection shows promise as monthly treatment in mid-stage trial
The data on Pfizer’s GLP-1 offer early evidence that the injection can be administered less frequently than existing drugs without sacrificing efficacy.
PayPal sees 2026 profit below estimates, holiday-quarter results fall short
PayPal logged revenue of $8.68 billion for the quarter, missing estimates of $8.80 billion. Adjusted profit was $1.23 a share, also below analysts’ forecasts.
Pfizer beats quarterly estimates despite Covid product decline, reaffirms modest outlook
The pharmaceutical giant reaffirmed the modest 2026 outlook that rattled investors in December.
Nintendo Switch becomes the gaming giant’s best-selling console ever
The success of the Switch was down to the innovative nature of the hardware, combined with strong games based on Nintendo’s most popular characters.