On Friday, September 20, RBC Capital Markets downgraded Rapid7 (NASDAQ: RPD) from “Outperform” to “Sector Perform” and lowered its price target from $50 to $40. This move reflects rising concerns over the increasingly competitive landscape of the vulnerability management (VM) market, where Rapid7 is a major player. RBC analysts acknowledged…
Mastercard (NYSE: MA) stock price has done well since going public in 2006 when it raised $2.4 billion. It has jumped by almost 12,000%, transforming it into one of the biggest companies in the world with a valuation of over $400 billion. Mastercard has a good track record of beating…
American Express (AXP) stock has done well as we predicted in our last article in April when we compared it with Mastercard and Visa. It has soared to a record high of $271.35, bringing its year-to-date high gains to almost 50%, making it one of the best-performing companies in finance.…
Vanda Pharmaceuticals (NASDAQ: VNDA) fell as much as 9% today after the FDA rejected the company’s experimental therapy, tradipitant. The therapy is aimed at treating gastroparesis, a stomach paralysis-related medical condition. The FDA has asked Vanda Pharmaceuticals to conduct further studies before resubmitting its application. However, VNDA isn’t holding back…
S&P 500 has already rallied well over 20% this year but Brian Belski, the chief investment strategist of BMO Capital Markets, sees further gains in the months ahead. The benchmark index could climb further and hit the 6,100 level before year-end now that the US Federal Reserve has announced its…
American stocks had a strong performance this week as the Federal Reserve embarked on an interest rate cutting cycle in its bid to engineer a soft landing. The S&P 500 index jumped to a record high and analysts see it continuing its strong performance. Similarly, the Dow Jones and Nasdaq…
Tesla (TSLA) and Nvidia (NVDA) stocks have done well in the past few days as American equities bounced back. Tesla has jumped by over 33% from its lowest point in August and is slowly nearing its highest point this year. It has jumped by over 75% from the year-to-date low.…
Cintas (CTAS) stock price has done well in the past decades, outperforming the S&P 500 index and most companies. It has risen by over 35% this year and by over 225% in the last five years. Also, it has jumped by over 1,130% in the last decade, helping it push…
Archer Aviation (ACHR) and Lilium (LILM) are two of the most popular electric vertical takeoff and landing (EVTOL) or flying car companies. Lilium, a German company, has a market cap of over $482 million while Archer has $1.1 billion. Joby Aviation is much bigger than them with a $3.8 billion…
Zimbabwe’s stock market is soaring, but it’s not for the usual reasons. Investors are flocking to equities as a safe haven from the rapidly deteriorating Zimbabwe Gold (ZiG)-backed currency. Since August 28, the Zimbabwe Stock Exchange’s (ZSE) All Share Index has surged 28%, spurred by a sharp and relentless decline…