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GM, Ford Stocks Sink on Morgan Stanley Downgrades Amid China Challenge

Morgan Stanley downgraded the U.S. auto sector and several companies in it because of growing competition from China. Shares of General Motors (GM) and Ford Motor (F) plunged on Wednesday after Morgan Stanley downgraded both stocks, citing the growing competitive threat from China. The investment bank slashed its ratings and price targets for the two…

ByPexecoSeptember 25, 20240Comments

Stocks

GameStop Sinks After Unexpectedly Releasing Results, Issuing More Shares

KEY TAKEAWAYS GameStop unexpectedly announced its first-quarter fiscal 2024 report before the bell Friday, with results falling short of analysts' expectations. The surprise report came hours before meme-stock influencer Keith Gill's first livestream in three years. GameStop also announced it was going to issue up to 75 million shares in addition to its recent sale of…

ByPexecoJune 8, 20240Comments

Featured Stocks

Nvidia’s 10-for-1 Stock Split Is Coming—What You Need To Know

KEY TAKEAWAYS Nvidia announced a 10-for-1 forward stock split along with its blockbuster earnings report Wednesday. Stock splits increase the number of shares on the market without changing the company's valuation or market capitalization. Holders of Nvidia common stock as of market close on Thursday, June 6 will receive nine additional shares for each share they hold…

ByPexecoJune 6, 20240Comments

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GM, Ford Stocks Sink on Morgan Stanley Downgrades Amid China Challenge

GameStop Sinks After Unexpectedly Releasing Results, Issuing More Shares

Nvidia’s 10-for-1 Stock Split Is Coming—What You Need To Know