Shares of industrial conglomerate 3M (NYSE:MMM) jumped 6.1% in the pre-market session after the company reported fourth-quarter results, which exceeded analysts' revenue and EPS expectations. On the other hand, its full-year EPS guidance fell slightly short of Wall Street's estimates. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.
Shares of pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) fell 12.3% in the morning session after the US Department of Justice accused the company (Walgreens) of filling millions of unlawful opioid prescriptions. According to the complaint, Walgreens overlooked major red flags and pressured pharmacists to dispense these medications, then sought reimbursement from federal programs in violation of the False Claims Act. Although Walgreens denies any wrongdoing, the stock's reaction suggests in
Shares of clothing and accessories retailer Urban Outfitters (NASDAQ:URBN) jumped 8.6% in the morning session after Morgan Stanley upgraded the stock's rating from Hold to Buy and raised the price target from $41 to $63. The firm added, "We left the fiscal 4Q25 pre-announcement & subsequent mgmt. meeting incrementally positive."
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Both assets have been accused of their value being disconnected from their financial performance.
Tender rejection rates are remaining elevated during a period where the market would traditionally be loosening The post Truckload market tries to squash seasonal depression appeared first on FreightWaves.
3M shares surged Tuesday after the conglomerate topped fourth-quarter profit and sales estimates on higher demand for a wide range of its products.
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Moderna received a $590 million award from the U.S. government to speed development of a vaccine that could be used to fight bird flu.
The stablecoin giant is facing off against BlackRock in a bet that more money market transactions will move on to blockchain.