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Page 213 of North America news, latest stories & analysis
Placer.ai expects ‘bigger and better things for U.S. malls in 2022’
Christmas is usually the busiest time of the year for malls, and 2021 was no different despite the looming risks of the Omicron variant in the United States.Outdoor malls topped 2019 levels againIn a report on Wednesday, Placer.ai said monthly visits to outdoor malls topped 2019 levels by…
January 5, 2022
Best cybersecurity stocks for 2022
The pandemic has accelerated the shift towards online marketplaces, in turn raising the demand for cyber protection. This could have a significant impact on the performance of cybersecurity stocks in 2022. Here are some of our top picks.CloudflareCloudflare Inc. (NYSE:NET) shares have plummeted significantly over the last two months. And…
January 5, 2022
Best beverage stocks to buy now
Beverage stocks are part of the exciting consumer defensive sector. And with the pandemic raging, they could be the ideal options in 2022. Here are some of our best picks.Monster BeverageMonster Beverage Corp (NASDAQ:MNST) shares spiked nearly 20% in December, recovering from a sharp decline experienced in the preceding two…
January 5, 2022
Best speciality retail stocks to buy in 2022
Speciality retail stocks could be among the hottest picks of 2022 after delivering mixed performances last year. Here are the two that could reward investors significantly.Bath & Body WorksBath & Body Works Inc. (NYSE:BBWI) shares rallied more than 115% last year. However, the stock still trades at exciting valuation multiples…
January 5, 2022
This biotech stock is a buy despite bearish view from BofA Securities
Regeneron Pharmaceuticals Inc (NASDAQ: REGN) was a notable beneficiary of the global pandemic that resulted in a 30% increase in its stock price last year. But BofA Securities warns 2022 will be a very different story. Meacham sees downside to $575 a share In a note on Wednesday, analyst Geoff…
January 5, 2022
Will investors rotate back into technology later this year?
The Nasdaq Composite is down 1.0% on Wednesday as tech stocks continued to be dull, but Independent Solutions’ Paul Meeks says investors could rotate back into technology later this year. Highlights from Meeks’ interview on CNBC’s “Squawk Box” According to Meeks, tech stocks are likely to recover at some point…
January 5, 2022
Ford shares climb again to hit a 20-year high on Wednesday
Ford Motor Company (NYSE: F) on Wednesday said its 2021 sales came in 6.8% down on a year-over-year basis. Shares fell 3.0% initially but climbed back to a 20-year high of $24.90 later on. Sales picked up in the fourth quarter Ford attributed much of the weakness to the…
January 5, 2022
What made Nikola shares jump 10% on Wednesday?
Shares of Nikola Corporation (NASDAQ: NKLA) are up 10% on Wednesday after the company said USA Truck Inc plans on buying 10 of its battery-electric trucks. USA Truck could buy another 90 BEVs from Nikola In the press release this morning, Nikola said the logistics company will buy its BEV…
January 5, 2022
What Apex Financial’s Baker expects from the market this year
The S&P 500 index is off to a good start this year, but Apex Financial’s Lee Baker says it’s unlikely the benchmark will rally as strongly in 2022 as it did last year. Baker’s remarks on CNBC’s ‘Worldwide Exchange’ Baker does see momentum for a positive 2022, but an over…
January 5, 2022
MillerKnoll reports weaker-than-expected results for Q2
Shares of MillerKnoll Inc (NASDAQ: MLKN) fell 7.0% in after-hours trading after the furniture maker reported quarterly results that came in shy of Wall Street estimates.Key takeaways from MillerKnoll’s Q3 reportMillerKnoll said it lost $3.4 million in its fiscal second-quarter that translates to 5 cents per share. In the same…
January 4, 2022
Under Armour price forecast: Baird sees a 50% upside
Shares of Under Armour Inc (NYSE: UAA) have lost more than 20% in less than two months, but Baird says expect a strong rebound in the coming months.Baird adds UAA to its list of top ideas for 2022In a note on Tuesday, analyst Jonathan Komp lifted his rating on Under…
January 4, 2022
Here’s why ‘biotech’ could outperform in 2022
The Nasdaq Biotechnology Index (NBI) has tanked more than 10% in two months, but iCapital’s Anastasia Amoroso says it could double in the coming years. Highlights from Amoroso’s interview on CNBC’s ‘Halftime Report’ After a weak 2021, Amoroso expects NBI to pick up this year. She sees President Biden’s “Build…
January 4, 2022
Josh Brown: this 150-year-old company that ‘owns its space’ is a buy
A.O. Smith Corporation (NYSE: AOS) gained more than 60% in the stock market last year, and Ritholtz Wealth Management’s Josh Brown is convinced 2022 will be another great year for the water heaters and boilers manufacturer. Brown explains why he bought AOS On CNBC’s “Halftime Report”, Brown said A.O. Smith…
January 4, 2022
Jim Cramer: ‘Sky is the limit for Ford this year’
Shares of Ford Motor Company (NYSE: F) jumped more than 10% on Tuesday after the legacy automaker doubled its annual production plans for its upcoming fully electric pickup truck, the F-150 Lightning. Demand for the electric F-150 Lightning remains incredibly strong It’s the second time that Ford has been…
January 4, 2022
Flora Growth shares opened 20% up on Tuesday: this is why
Shares of Flora Growth Corp (NASDAQ: FLGC) opened nearly 20% up on Tuesday after the cannabis company said it had partnered with Walmart and Coppel. Flora Growth expands production distribution In a press release this morning, Flora Growth said twelve of its Mind Naturals skincare products will now be…
January 4, 2022
Expert: 2022 will not be a ‘great’ year for the market
The benchmark S&P 500 index closed 2021 with a remarkable gain of 29%, but Blackstone’s Byron Wien says the current year will not be nearly as good for the market. Wien expects a dull market Wien doesn’t expect a bear market this year but said it wouldn’t continue to rally…
January 4, 2022
Is UniFirst stock a buy or sell ahead of its fiscal first-quarter 2022 results?
On Monday, UniFirst Corp (NYSE:UNF) shares edged slightly higher ahead of its upcoming quarterly report. The company is expected to release its most recent quarter revenue and earnings on Wednesday.Analysts expect the workplace uniform manufacturer’s earnings per share to decline marginally by 2.3% from the same quarter a year ago…
January 4, 2022
Lamb Weston price outlook as analysts predict a decline in FQ2 earnings
On Monday, Lamb Weston Holdings Inc. (NYSE:LW) shares edged slightly high ahead of its fiscal second-quarter results. The company is expected to announce its most recent quarterly revenue and earnings on Thursday.Analysts expect its earnings per share to decline from the same quarter last year, while the top line is…
January 4, 2022
Is Conagra Brands a bargain ahead of its fiscal-second quarter results?
On Monday, Conagra Brands Inc. (NYSE:CAG) shares edged slightly lower ahead of its upcoming quarterly results. The company is expected to announce its most recent quarterly revenue and earnings on Thursday.Analysts expect Conagra’s FQ2, 2022 EPS to decline by more than 16% from the same quarter last year to $0.68,…
January 4, 2022
Is it too late to buy Acuity Brands stock after surging 77% in the last 12 months?
On Monday, Acuity Brands Inc. (NYSE:AYI) shares edged slightly higher ahead of its fiscal first-quarter 2022 results on Friday. The stock rocketed more than 77% last year, leaving little room for more upward movements.However, analysts are optimistic about its upcoming quarterly report, predicting earnings to grow by more than 17%…
January 4, 2022
RPM stock prediction as shares pull back from record highs ahead of earnings
On Monday, RPM International Inc. (NYSE:RPM) shares declined by 2.62% ahead of its fiscal second-quarter results. The company is expected to announce its most recent quarterly results on Wednesday.Analysts are predicting RPM’s earnings per share to decline by about 18% from the same period a year ago to $0.86, with…
January 4, 2022
Apple hits $3.0 trillion market cap: ‘it could be a $250 stock’
Apple Inc (NASDAQ: AAPL) became the first U.S. company to hit $3.0 trillion in market cap on Monday, thanks to a nearly 3.0% jump in the stock price. The American multinational took less than four years to climb from $1.0 trillion to $3.0 trillion valuation. Apple could be a beneficiary…
January 3, 2022
Regulations: A boon or a bane for the tech industry?
Stifel’s Brian Gardner expects the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to tighten antitrust policies in 2022 but does that necessarily mean bad things for the mega-cap technology names? Highlights from Gardner’s interview on CNBC’s ‘The Exchange’ According to Gardner, regulation could be a bane for…
January 3, 2022
Pear Therapeutics closed up 25% on Monday: explained here
Shares of Pear Therapeutics Inc (NASDAQ: PEAR) closed up nearly 25% on Monday after BTIG said the Boston-headquartered company was the best positioned in the prescription digital therapeutics (PDT) space.BTIG’s Marie Thibault sees a 60% upsideOn Monday, analyst Marie Thibault assumed coverage of the stock with a “buy” rating and…
January 3, 2022
Is it too late to buy Simply Good Foods shares after spiking 15% in December?
On Monday, Simply Good Foods Co. (NASDAQ:SMPL) shares edged slightly lower ahead of its upcoming FQ1 results. The company’s shares surged more than 15% last month, leaving little room to run at the start of the new year.Simply Good Foods is expected to report its most recent quarterly results, on…
January 3, 2022
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