Apple, CarMax, Bed Bath & Beyond and more

Check out the companies that make headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the pre-market after BofA Securities lowered it to neutral on buy. BofA said Apple has held up relatively well in a declining market, but expects weakening consumer demand to negatively impact the company. CarMax (KMX) – CarMax shares … Read more

Stock selection on peak inflation, recession, earnings cuts: Jefferies

A slowdown could be on the horizon and analysts are forecasting more earnings cuts. Taking into account a possible spike in inflation, and that mix of factors could favor a particular class of stock. Sky-high inflation has supported the US Federal Reserve’s aggressive tendency, Jefferies said in a July 29 investigative report. But a recent … Read more