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Apple Loses Top-Stock Crown as Analysts Downgrade on iPhone Risk
  • January 21, 2025

Apple Loses Top-Stock Crown as Analysts Downgrade on iPhone Risk

(Bloomberg) -- Apple Inc. received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed Opportunit

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Gap (GAP) Stock Trades Up, Here Is Why
  • January 21, 2025

Gap (GAP) Stock Trades Up, Here Is Why

Shares of clothing and accessories retailer Gap (NYSE:GAP) jumped 6.4% in the afternoon session after Argus Research analyst Christine Dooley upgraded the stock's rating from Hold to Buy. The analyst cited the potential for a turnaround across key brands (Gap, Banana Republic, Old Navy, and Athleta) while acknowledging management's efforts to "revitalize the brands."

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Why e.l.f. Beauty (ELF) Stock Is Trading Lower Today
  • January 21, 2025

Why e.l.f. Beauty (ELF) Stock Is Trading Lower Today

Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) fell 5.9% in the afternoon session after research by Morgan Stanley analyst Dara Mohsenian revealed weak sales trends for the company (ELF). The research revealed that U.S. scanner sales growth "slowed to 5.5% year over year in the last two weeks, including Amazon first party, and were down 1.9% year over year in the last week." The analyst blamed the weakness partly "on the timing of the Martin Luther King Jr. Day and the LA wildfires."

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Top Wall Street Banks Rake In ECM Revenue as IPO Volume Recovers
  • January 21, 2025

Top Wall Street Banks Rake In ECM Revenue as IPO Volume Recovers

(Bloomberg) -- Wall Street’s biggest banks anticipate there’s more to come from the boom in equity deal activity seen through the end of 2024, after clocking a sharp rise in their underwriting revenue.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNY’s Hochul Calls for Law

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