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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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