Tag: Forecast

Analysts Forecast More Than 30% Upside for Nvidia. Is the Stock a Buy?

nvidia headquarters with nvidia sign in front Investors hoping for outsize gains over the next year may look toward Nvidia (NASDAQ: NVDA). Nvidia dominates the semiconductor market when it comes to chips designed for artificial intelligence (AI) purposes, and even with the stock’s massive move higher, analysts project further upside over the next 12 months. […]

Are Investors Overreacting to Pfizer’s Underwhelming Forecast for 2024?

A frustrated investor reviewing multiple charts and reports. Pfizer (NYSE: PFE) stock has been in the dumps this year. It is struggling due to declining demand for its COVID products. And it may take some years before its top line starts rising meaningfully again. The company’s recent forecast didn’t help matters, either. But with the […]

Argentina’s Economy Shrank Less Than Forecast During Election

(Bloomberg) — Argentina’s economy posted a slight contraction in October despite a turbulent presidential election cycle that stoked policy uncertainty and yet another currency selloff in parallel markets. Most Read from Bloomberg Economic activity in October fell 0.1% from a month earlier, less than the median estimate for a 0.6% decline among economists surveyed by […]

FedEx profit misses, cuts full-year revenue forecast, shares sink

By Lisa Baertlein and Priyamvada C (Reuters) -FedEx cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday, sending shares tumbling 8.5%, as it battles for business in what is shaping up to be a weak holiday season. The company’s shares fell to $256.20 in extended trading […]

Minnesota Budget Forecast Is Steady, but With Potential Trouble Ahead

ST. PAUL, Minn. (AP) — Minnesota‘s budget picture remains stable in the near term but there are clouds on the horizon, officials announced Wednesday. An updated forecast from Minnesota Management and Budget projects a surplus of $2.4 billion in the two-year budget period that runs through June of 2025. That’s up $808 million from the […]