JPMorgan Turns Bullish On L Brands

02:47pm, Thursday, 30'th Jul 2020
JPMorgan analyst Matthew Boss raised L Brands' (LB) stock rating to Buy from Hold on Wednesday, after the company provided a separation update related to Victoria’s Secret and Bath & Body Works. Bos
Upgrades * For Waddell & Reed Financial Inc (NYSE: WDR), Citigroup upgraded the previous rating of Sell to the current rating Neutral. For the second quarter, Waddell & Reed Financial had an EPS of
The country's largest retailer confirmed Thursday that it is cutting jobs in its back offices — but would not say how many workers will lose their jobs.
U.S. stocks sank on Thursday after a record plunge in GDP growth.
The Federal Reserve left interest rates unchanged and pledged to keep monetary policy loose until the U.S. economy recovers from the slowdown caused by the coronavirus pandemic.

S&P 500 Rallies as AMD and L Brands Stocks Soar

08:34pm, Wednesday, 29'th Jul 2020
While it may take a while for Democrats and Republicans to reach an agreement, further support for individuals and businesses will likely be necessary as the coronavirus pandemic continues to surge in
The job cuts account for 15% of L Brands corporate workforce and are expected to provide a $400 million savings for the retailer.
L Brands Inc (NYSE: LB) reported a strategic review and business update that prompted JPMorgan to double upgrade the stock.The company announced it sees $400 million annualized cost reductions through
Facebook is taking the European Commission to court over a document request that the company says invades its privacy.

Why American Eagle Stock Was Gaining Today

05:35pm, Wednesday, 29'th Jul 2020
Shares of teen apparel retailer American Eagle Outfitters (NYSE: AEO) were climbing today despite no specific news out on the stock. Instead, an announcement from rival L Brands (NYSE: LB), the p
L Brands shares rose after the company renewed its plan to separate Victoria's Secret and Bath & Body Works into independent companies.

5 Stock Gainers on Wednesday: Kodak, L Brands, AMD

05:30pm, Wednesday, 29'th Jul 2020
The stock market gainers Wednesday with shares rising is Kodak stock, L Brands stock, CoStar Group stock, AMD stock and Penn National Gaming stock
The list of retailers saying they will close this Thanksgiving is piling up.

Why L Brands Stock Is Surging Today

04:49pm, Wednesday, 29'th Jul 2020
Investors are cheering a business update from L Brands (NYSE: LB), owner of the Victoria's Secret and Bath & Body Works retail chains. As of 12:40 p.m. EDT, L Brands stock was up a whopping 33% for t
One reason the stock market is holding up well is because investors believe many corporations are going to fire a lot of people and replace them with technology that will make the companies more effic
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