Wells Fargo initiated coverage of GE Vernova with a rating of Overweight and set a new price target of $385.00

Daiwa Securities upgraded GE Vernova from Outperform to Buy

Deutsche Bank initiated coverage of GE Vernova with a rating of Buy and set a new price target of $354.00

HSBC Securities downgraded GE Vernova from Buy to Hold and set a new price target of $255.00 from $240.00 previously

Raymond James downgraded GE Vernova from Outperform to Mkt Perform

Truist initiated coverage of GE Vernova with a rating of Buy and set a new price target of $300.00

Oppenheimer initiated coverage of GE Vernova with a rating of Perform

Guggenheim initiated coverage of GE Vernova with a rating of Buy and set a new price target of $300.00

BofA Securities upgraded GE Vernova from Neutral to Buy and set a new price target of $300.00 from $200.00 previously

Barclays initiated coverage of GE Vernova with a rating of Overweight and set a new price target of $250.00

NYSE issuers raise $12 billion as IPO activity builds momentum Welcomes 7 of the 10 largest U.S. transactions The Big Board continues to drive exchange transfers The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported an industry-leading $12 billion in IPO proceeds for the first half of 2024, setting the pace globally as IPO activity regained momentum compared to the prior two years. The NYSE listed 7 of the 10 largest U.S. transactions so far this year, including the two largest IPOs: Viking Holdings (NYSE:VIK) and Amer Sports (NYSE:AS). The exchange also led the re-emergence of technology IPO

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JP Morgan analyst Mark Strouse maintains GE Vernova (NYSE:GEV) with a Overweight and raises the price target from $195 to $216.

Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp

GE Vernova Inc. (NYSE:GEV) reported second-quarter 2024 revenue growth of 1% year-over-year to $8.204 billion, missing the consensus of $8.259 billion. Revenue was driven by strength in Electrification and Power and positive pricing in all segments. Services revenue grew 7% and 9% organically. Orders totaling $11.8 billion decreased 7% organically, mainly due to the cancellation of a large Offshore Wind equipment order from the previous year. Service orders saw double-digit growth, driven by Power and Electrification. EPS for the quarter stood at $4.65, compared to $(0.55) a year ago. Net income recovered to $1.28 billion from a loss of $149 million last year. Adjusted EBITDA mar

Wall Street is gearing up for a negative start on Thursday, as traders mull over earnings from Tesla, Inc. (NASDAQ:TSLA) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), which incidentally haven’t been received well by the Street. While Tesla’s earnings were dismissed as of low quality, investors worried about Alphabet’s massive capex boost as it eyes supremacy in the AI market. The market may also focus on private sector activity readings due shortly after the market opens. “Mega tech has an unprecedented influence on market moves and overall earnings,” fund manager Louis Navellier said in a note. Traders may choose to remain on the sidelines until they get more clarity on the earnings f

GE Vernov (NYSE:GEV) reported quarterly sales of $8.200 billion which missed the analyst consensus estimate of $8.259 billion by 0.71 percent.

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the “Neutral” zone on Tuesday. U.S. stocks closed slightly lower on Tuesday, ahead of earnings reports from big technology companies. Coca-Cola Company (NYSE:KO) reported better-than-expected second-quarter results and raised its guidance. GE Aerospace (NYSE:GE) reported upbeat second-quarter earnings and raised its FY24 outlook. General Motors Company (NYSE:GM) reported better-than-expected second-quarter earnings and raised its guidance. After the closing bell, Tesla Inc. (NASDAQ:TSLA) reported weaker-than-expected earnings for its second quarter, while sales topped estima

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects AT&T Inc. (NYSE:T) to report quarterly earnings at 57 cents per share on revenue of $29.92 billion before the opening bell, according to data from Benzinga Pro. AT&T shares fell 0.2% to $18.18 in after-hours trading. Tesla Inc. (NASDAQ:TSLA) reported weaker-than-expected earnings for its second quarter, while sales topped estimates. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, down 5% and 14% year-over-year, respectively. Tesla shares fell 7.8% to $227.25 in the after-hours t