NORD, CEB And ADS, 3 Diversified Services Stocks Pushing The Industry Lower
TheStreet highlights 3 stocks pushing the diversified services industry lower today.
Analysts' Actions: CELG CUDA FITB TWC WFC
Here are today's top research calls.
Nord Anglia Education (NORD) Pops After IPO (Update)
Nord Anglia Education (NORD) rose to a high of $17.86 as of 9:50 a.m. on Wednesday, the first day of trading for the Hong Kong-based school operator after its IPO. Nord Anglia, which operates 27 schools in China, Southeast Asia, North America, Europe, and the Middle East, sold 19 million shares at $16 a share, the midpoint of its price range, to raise approximately $304 million in the IPO. Baring Asia Private Equity acquired Nord Anglia for $360 million in 2008 and helped bring it to the U.S. when it bought WCL Group for $237 million in May.
Grim Intel Outlook Tied to Weak PC Demand
We stumbled ... we lost share ... we lost momentum," said CEO Pat Gelsinger.
Fed Inflation Gauge Eases To 4.4% In December As Spending Slumps
Personal spending fell most than expected in December, according to data from the Fed's preferred inflation gauge, helping price pressure ease over the final month of the year.
Hasbro Stock Slumps As Toymaker Cuts Jobs, Expects Weak Holiday Revenues
"While the full-year 2022, and particularly the fourth quarter, represented a challenging moment for Hasbro, we are confident in our Blueprint 2.0 strategy," said CEO Chris Cocks.
Look: Audi Unveiled a Sleek New Concept Car That Doubles As a Coupe and a Pickup Truck
...it's actually good-looking.