Cleveland Fed President Loretta Mester will speak today. An international trade balance update and the Beige Book are also due out.Įuropean Investors Await ECB Interest Rate Hike DecisionĪsian markets were mostly lower on Wednesday, after new data revealed China’s exports rose only 7.1% in August, well below estimates of a 12.8% rise and July’s 18% growth.CHPT was last seen 3.4% higher premarket, and has already added 7.7% this quarter. The firm initiated coverage on the stock with an "outperform" rating and a $22 price target. According to a bull note from Credit Suisse, the Inflation Reduction Act could help ChargePoint Holdings Inc (NYSE:CHPT) add nearly 50%.The equity was last seen 2.6% lower ahead of the bell, putting it dangerously close to breeching its year-to-date breakeven level. Morgan Stanley downgraded AstraZeneca plc (NASDAQ:AZN) to "equal weight" from "overweight," and noting that the pharmaceutical manufacturer's shares have a "more balanced" risk-reward profile.Year-over-year, however, PINS is off by 61%.
The analyst upgraded the social media name to "outperform," and said that the company should be able to hit its long-term user and monetization goals thanks to guidance from its new CEO. Pinterest Inc (NYSE:PINS) is up 4.8% before the market's open, after Wolfe Research issued a bull note.The single-session equity put/call ratio dipped to 0.72, while the 21-day moving average stayed at 0.67. The Cboe Options Exchange (CBOE) saw 997,095 call contracts traded on Tuesday, and 715,023 put contracts.Telecom giant announces its 16th-consecutive dividend hike.
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