Here are Tuesday’s biggest calls on Wall Street: Wells Fargo initiates Shopify as buy Wells said in its initiation of the stock that it sees an “attractive buying opportunity.” ” SHOP’s angle of attack has shifted and found an ideal balance of operational ambition and financial discipline. Investors remain skeptical of margin potential, presenting an attractive buying opportunity.
“We are upgrading LHX stock to Outperform from Neutral reflecting the significant underperformance of the LHX stock ytd (down 17%) underperforming the S & P 500 by 26% (S & P 500 up 9%), plus two major M & A deals have closed in 2023 and defense funding is on path increase globally that sets up improving fundamentals for LHX in 2024.” Morgan Stanley upgrades SoFi to equal weight from underweight Morgan Stanley said the risks to SoFi are more than priced in.
SoFi Will Post Earnings Monday. What to Expect.The fintech reports its earnings before the start of trading. The stock has had a fantastic year. Read more ⮕
GM, Disney, Alphabet, Western Digital, SoFi, Apple, and More Stock Market MoversThe United Auto Workers union announces a strike at another General Motors plant, Nelson Peltz’s push for board seats at Disney gets a boost, and results… Read more ⮕
SoFi’s stock pops after earnings as loan volumes surgeStudent-lending originations doubled in the third quarter Read more ⮕
Stocks making the biggest moves premarket: McDonald’s, SoFi, Invitation Homes and moreThese are the stocks posting the largest moves in premarket trading. Read more ⮕
SoFi Technologies Posts Higher 3Q Revenue, DepositsBy Will Feuer SoFi Technologies posted higher revenue for the third quarter as the online bank drew fresh deposits into its system. The online-banking… Read more ⮕
SoFi sees lending volumes surge, but stock gives back its big gainsStudent-lending originations doubled in the third quarter Read more ⮕