To The Moon

A strong third-quarter earnings report from SoFi Technologies prompted one analyst team to boost its rating on the fintech.Morgan Stanley analysts upgraded SoFi to Equal Weight from Underweight in a Tuesday report.The stock had risen 8% to $7.50 on Tuesday afternoon, putting it on track for its largest percent increase since July 31, when it gained 20%, according to Dow Jones Market Data. This year, shares have soared 63%.The upgrade marks a reversal for the analyst team. In July, it downgraded the stock to Underweight, citing that revenue growth was set to disappoint in 2024 and a smaller-than-expected opportunity in student loan refinancing.With shares now trading closer to their price target of $7, there is "a more balanced risk-reward skew," the Morgan Stanley team noted.They highlighted multiple positives, including a better-than-expected income growth forecast for next quarter, strong student loan origination numbers in the third quarter, and nonlending segments "set to reaccele

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Azure's outlook for 2Q will likely be more critical compared to any other KPI when Microsoft reports fiscal 1Q24 results on Oct. 24, amid strong interest in generative AI.Microsoft will report its Q1

Amazon's 3Q results are likely to focus on the pace of recovery in the AWS business, which saw stabilizing gains last quarter.Amazon will report its third quarter 2023 financial results after the US m

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AMC Entertainment (AMC) is due to report its third-quarter results and update the owners of AMC stock about its business during a conference call on Nov. 8.During the update, the company will likely p

A combination of worsening tensions in the Middle East, rising US bond yields and falling US shares led to an almost across-the-board wipeout on the Australian market on Friday.The 7000-point marker w

(Adds details on economy, policy outlook) By Michael S. Derby NEW YORK, Oct 20 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on CNBC Friday that while inflation rema