News Formal

Stocks are little changed as Dow hovers near record highs: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 72%

Breaking News: Markets News

Stock Markets,Markets,United States

Investors were awaiting Nvidia's earnings, due out after Wednesday's closing bell.

Casual apparel retailer Hanesbrands could see a long-awaited turnaround, according to UBS. Analyst Jay Sole lifted his price target by $1.50 to $6.50, which implies just 3.3% potential upside for shares. The company's stock price has declined roughly 75% since March 2015, compared to the S & P 500 's 170% gain, he pointed out. This year, Hanesbrands is up more than 48%. Shares jumped 6% on Tuesday, reaching a 52-week high.

'Following our meeting with management we believe HBI has an opportunity to flip the narrative around the stock for the first time in many years. This scenario is contemplated in our upside case,' Sole said in a Tuesday note. 'However, our rating remains Neutral. We want to see more evidence HBI can execute its strategy before considering recommending the stock.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today:Dow in record close as cyclical stocks shine amid tech rotationStock Market Today:Dow in record close as cyclical stocks shine amid tech rotation
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Economic data still key for stocksDow Jones, Nasdaq, S&P 500 weekly preview: Economic data still key for stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks rally for second-straight day, with the Dow up 200 pointsBrian Evans is an investing trends reporter for CNBC Pro.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks reboundS&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Japan stocks rebound
Source: NBCNewYork - 🏆 270. / 63 Read more »

CNBC Daily Open: Dow sheds 1,000 points, Japan stocks reboundS&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Japan stocks rebound
Source: CNBC - 🏆 12. / 72 Read more »