Target said it will lower everyday regular prices on approximately 5,000 frequently shopped products. The retailer noted that it already reduced prices on about 1,500 items and plans to cut prices across thousands of others products over the course of the summer.
Cruise line stocks Carnival and Royal Caribbean are moving Monday in the wake of Norwegian Cruise Line Holdings, which saw shares pop after the company raised its 2024 guidance and set new 2026 financial targets.
Norwegian Cruise Line is holding its Investor Day Monday, which involves discussion of a new comprehensive "Charting the Course" strategy. The strategy includes a refreshed vision, strategic initiatives and three-year financial and sustainability targets geared at enhancing shareholder returns.
Baird analyst Tristan Gerra maintained Nvidia with an Outperform rating and raised the price target from $1,050 to $1,200. Stifel analyst Ruben Roy maintained Nvidia with a Buy rating and raised the price target from $910 to $1,085 and Rosenblatt analyst Hans Mosesmann maintained a Buy rating and price target of $1,400.
Reddit and OpenAI announced a partnership that will give OpenAI's ChatGPT access to Reddit threads and enable Reddit users to use new AI-powered features. The two companies will also collaborate on advertising.
Doximity's fourth-quarter revenue increased 6% year-over-year to $118.1 million, which beat the consensus estimate of $116.4 million, according to Benzinga Pro. The company reported adjusted earnings of 25 cents per share, beating analyst estimates of 20 cents per share.
Applied Materials said second-quarter revenue was flat on a year-over-year basis. The chip equipment company reported total revenue of $6.646 billion which beat the consensus estimate of $6.537 billion, according to Benzinga Pro. Applied Materials reported adjusted earnings of $2.09 per share, beating analyst estimates of $1.99 per share.
Rod Alzmann, founder of GMEdd.com, was a big supporter of GameStop when seemingly no one else was interested. Now that the stock is running wild, he's looking to put money to work elsewhere.