Longbow Research

GoPro Inc (NASDAQ: GPRO) is reportedly looking to slash up to 300 jobs, mostly in its drone division. While this has yet to be confirmed, at least one notable analyst cautions investors to move to the sidelines. The Analyst Longbow Research's Joe Wittine downgraded GoPro's stock from...

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade. Data on durable goods orders for October and initial jobless claims for the recent week will be released at 8:30 a.m. ET. The University of Michigan's consumer sentiment index for November is schedule for release...

It’s been a long time since GoPro Inc (NASDAQ: GPRO) investors had reason for optimism. However, more than three years after its 2014 IPO and after a 90 percent decline from its all-time high, Longbow Research analyst Joe Wittine believes the bottom is finally in for GoPro. Longbow upgraded...

Shares of United States Steel Corporation (NYSE: X) have traded higher by 17.2 percent in the past three months, but Longbow Research analyst Chris Olin believes the stock could be headed lower in the near term. According to Olin, there is a disconnect between positive investor sentiment and...

Recent analyst surveys brought to light the brittle nature of steel stocks, leading Longbow Research to downgrade Nucor Corporation (NYSE: NUE) and Steel Dynamics, Inc. (NASDAQ: STLD). Meanwhile, the firm maintained its ratings on AK Steel Holding Corporation (NYSE: AKS) and United States...

Analysts at Longbow Research turned bullish on McDonald's Corporation (NYSE: MCD) after conducting first-hand checks and having conversations with franchisees. The firm's Alton Stump upgraded McDonald's stock rating from Neutral to Buy with a $183 price target. After talking with franchisees, it is...

Following some recent developments at Meritor Inc (NYSE: MTOR), sell-side analysts sounded upbeat on the prospects of the company. While KeyBanc Capital Markets said management could raise the 2019 earnings per share target before the year-end, Longbow Research commended the company for making...

Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on nonfarm payrolls for July and international trade gap for June will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average climbed 54 points to 22,028.00, while the Standard & Poor’s 500...

Garmin Ltd (NASDAQ: GRMN) shares traded higher Wednesday after delivering a Q2 beat and raise that saw another quarter of top line and bottom line growth. The auto-GPS and wearables maker also raised guidance, proving that even in the age of Apple Inc. (NASDAQ: AAPL)’s Apple Watch, Garmin can...

Advanced Micro Devices, Inc. (NASDAQ: AMD) hasn’t generated any positive momentum from its second-quarter earnings ad revenue beat reported on July 25. After briefly surging to a new 10-year high of $15.65 following the report, AMD made a sharp reversal and has trader lower ever since....

After a recent sell-off in shares, Longbow Research is getting back on board with Domino’s Pizza, Inc. (NYSE: DPZ), upgrading shares to a Buy rating with a $229 price target. Shares of Domino's fell nearly 15 percent since Longbow downgraded the stock last month. At the time, the...

United States Steel Corporation (NYSE: X) shares jumped 7.2 percent on Wednesday after the company’s second-quarter earnings topped Wall Street’s expectations. However, comments from President Donald Trump about his ongoing investigation into U.S. steel imports this week may have taken...

United States Steel Corporation (NYSE: X) shares jumped 7 percent in Wednesday’s pre-market session after the company reported a big earnings and guidance beat. While the company’s core business seems to be firing on all cylinders at the moment, comments from President Trump on U.S....

Garmin Ltd. (NASDAQ: GRMN) shares are trending after analyst Joe Wittine of Longbow Research upgraded the stock to Buy from Neutral with a $60 price target. Wittine believes bullish trends in Garmin's Aviation, Outdoor, and Marine divisions could offset the secular difficulties in low-end...

After performing end-of-quarter dealer checks, Longbow Research analyst David MacGregor is expecting another weak quarter from Harley-Davidson Inc (NYSE: HOG). After talking to dealers, MacGregor said on Thursday he expects a 1 to 3 percent decline in U.S. retail sales in the second quarter. The...