A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Wall Street is currently grappling with a pervasive "risk-off" sentiment, a mood characterized by a cautious retreat from higher-risk assets. This prevailing sentiment is particularly evident in the tech sector, which has experienced a significant sell-off, yet it presents a puzzling disconnect with the broader stock market's surprising resilience. Meanwhile,
Target shares plummeted 8% by Wednesday’s midday session after the company announced that CEO Brian Cornell will step down in February 2026 after 12 years at the helm.
The extension delays a significant tariff hike until November, preventing what could have been a virtual trade embargo and keeping rates lower during the crucial holiday import season.
Dayforce shares skyrocketed 26% in Monday’s midday trade after reports suggested that private equity firm Thoma Bravo is in talks to acquire the human resources firm.
UnitedHealth shares traded nearly 14% higher in Friday’s midday trade after Warren Buffett’s Berkshire Hathaway revealed in its latest 13F filing that it held five million shares of the firm at the end of the second quarter.
Modi’s remarks come as US-India trade tensions escalate following steep tariff hikes, with upcoming talks in China expected to focus on reviving key commodity flows.
Miami International shares soared more than 40% in their debut on the NYSE on Thursday. The options exchange operator raised $345 million through the IPO.
