Here are Wednesday's biggest calls on Wall Street: BMO initiates CrowdStrike as outperform BMO initiated the cybersecurity company and called it "best-in-class." "We believe that CrowdStrike offers best-in-class endpoint security capabilities and an expanding platform that will help CrowdStrike compete against Microsoft and other vendors."
A shopper exits a Party City Holdco Inc. store in New York, U.S., on Wednesday, Nov. 7, 2018. Party City Holdco released earnings figures on November 8. Bloomberg Party City and some of its U.S. units have filed for Chapter 11 bankruptcy, as the retailer looks to
Getty Images/iStockphoto Question: Two years ago my husband took an early retirement when offered by his company. At that time we had a 401(k) with
The Goldman Sachs booth is seen at the New York Stock Exchange during morning trading on January 17, 2023 in New York City. Michael M. Santiago | Getty Images Here are the most important news items that investors need to start their trading day: 1. Goldman weighs on
The Good Brigade | Digitalvision | Getty Images Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images The chief of the world's largest oil company said he is worried about global crude supplies. Current market dynamics --
Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss , Bank of America said Wednesday. Analyst Christopher Nardone downgraded the clothing stock to neutral from buy. Nardone also cut his price target by $2 to
Zachary Zirlin / Eyeem | Eyeem | Getty Images In a year of soaring inflation across the broad U.S. economy, some corners of the consumer market did the opposite: They deflated in price. The largest declines, on a percentage basis, were concentrated in categories like consumer electronics,
Bank of America Chief Executive Brian Moynihan said Wednesday that current efforts to produce a set of official global standards on ESG issues were vital to "align capitalism with what society wants from it." Asked by CNBC's Karen Tso at the World Economic Forum in Davos
