Tesla makes up 10% of average retail portfolio, Vanda Research says

[ad_1] Even though Tesla stock has slumped this year and Elon Musk has continued to chart a path as a non-traditional leader, individual investors are still hanging onto the electric vehicle-maker’s stock. The average retail investor has about a 10% allocation to Tesla, according to a Nov. 30 note from Vanda Research. This year, Tesla … Read more

Goldman Sachs says under-the-radar stock Aclaris Therapeutics can surge

[ad_1] Shares of Aclaris Therapeutics can surge more than 60% on the back of a possible new treatment for immuno-inflammatory diseases, including rheumatoid arthritis, according to Goldman Sachs. Analyst Corinne Jenkins initiated coverage of Aclaris Therapeutics with a buy rating, saying she expects promising results out of clinical trials for the company’s drug called zunsemetinib … Read more

Goldman Sachs says this little-known biotech stock can double on potentially ‘blockbuster’ revenue

[ad_1] Investors should buy biopharma stock Altimmune as it can double from here depending on the success of a new obesity drug, according to Goldman Sachs. Analyst Corinne Jenkins initiated coverage of Altimmune with a buy rating, saying she strongly expects a study on pemvidutide as a treatment for obesity will yield positive results. “We … Read more

Designer Brands, Lands’ End, Salesforce and more

[ad_1] Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Bryan Bedder | Getty Images Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slid 15.6% in the premarket … Read more

Brexit has added 6% to Britons’ food bills, new study finds

[ad_1] Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images Brexit boosted Britons’ average food bills by £210 ($254) over two years, according to a new study outlining the economic impact … Read more

Sell Ally Financial as shares could fall nearly 30% from here, Morgan Stanley says in downgrade

[ad_1] It’s time for investors to bail on Ally Financial , according to Morgan Stanley. Analyst Betsy Graseck downgraded the stock to underweight from equal weight, saying she has a cautious view on consumer credit heading into 2023 that will hurt companies such as Ally. The analyst said she expects that high inflation, rising unemployment … Read more

Use Wednesday’s rally to reposition into profitable stocks

[ad_1] CNBC’s Jim Cramer urged investors to use the market’s rally on Wednesday to recalibrate their portfolios. “Use this moment to pivot yourself. Get out of the stocks I’ve been railing against for a full year,” he said, adding, “Get into the stocks of companies that make things and do stuff at a profit and … Read more

CDC will test sewage for virus in communities outside New York

[ad_1] The U.S. will expand polio wastewater surveillance to communities with low vaccination rates outside the New York City metro area, after an outbreak over the summer left an unvaccinated adult paralyzed and raised questions about how widely the virus may be circulating. The Centers for Disease Control and Prevention, in a statement Wednesday, said … Read more

This ‘defensive’ software stock could jump 70% going forward, Mizuho predicts

[ad_1] Investors should consider buying Intuit heading into 2023 as a defensive way of gaining exposure to the software sector, according to Mizuho. Analyst Siti Panigrahi reiterated a buy rating on Intuit after the company reported its latest quarterly results. The analyst said the company is set up to beat expectations next year after de-risking … Read more

House approves tentative labor deal

[ad_1] A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. House Speaker Nancy Pelosi also plans to hold a separate vote to … Read more