Intuit Earnings Test Morgan Stanley Stock Forecast

Intuit Earnings Test Morgan Stanley Stock Forecast

Intuit’s latest earnings report gave investors new evidence of the bullish case Morgan Stanley made ahead of the company’s fiscal third-quarter results, while leaving some of Wall Street’s biggest concerns around TurboTax and artificial intelligence unresolved. The company reported tax third quarter revenue of $8.56 billion, up 10% from a year ago, while GAAP diluted…

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Is Freeport-McMoRan Inc. (FCX) at risk amid slowing Grasberg block collapse in Indonesia?

Is Freeport-McMoRan Inc. (FCX) at risk amid slowing Grasberg block collapse in Indonesia?

Freeport-McMoRan Inc. (NYSE:FCX) is one of Goldman Sachs’ top gold stock picks. On April 24, analysts at Morgan Stanley downgraded Freeport-McMoRan Inc. (NYSE:FCX) to Equalweight from Overweight. It also lowered its price target to $66 from $70. Is Freeport-McMoRan Inc. (FCX) at risk amid slowing Grasberg block collapse in Indonesia? Pixabay/Public domain The downgrade and…

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Automakers face worrying customer trend

Automakers face worrying customer trend

A month of war and rising gasoline prices has dented consumer confidence in the United States, leading to a steady decline across all age groups, income levels and political party affiliations, according to the latest University of Michigan Consumer Survey. Not only are Americans feeling worse about the current economy, but their expectations for next…

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