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Ringcentral

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Nike Stock Receives Upgrade Ahead of Earnings, Fueled by China Strength

Originally Published 2 years ago — by Yahoo Finance

Citi upgraded Nike from "Neutral" to "Buy" ahead of the company's quarterly results, citing margin recovery, innovation for the 2024 Olympics, and its position in China. Citi also resumed coverage on Broadcom with a "Buy" rating, highlighting the strength of its core business and the recent VMware acquisition. Meanwhile, RingCentral CEO Tarek Robbiati resigned, and founder Vlad Shmunis will return as CEO. The abrupt departure surprised investors, who are seeking clarity on the company's strategic direction.

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"Market Movers: Cigna, Macy's, and More Stocks to Watch Today"

Originally Published 2 years ago — by Barron's

Stocks such as Cigna, Macy's, Eli Lilly, RingCentral, Broadcom, Snap, Paramount, Shake Shack, and more are experiencing movement in the stock market following six consecutive weeks of gains for the S&P 500. This week's upcoming events include the release of the consumer price index for November, the Federal Reserve's decision on interest rates, and U.S. retail sales.

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RingCentral CEO Resigns, Stock Plummets

Originally Published 2 years ago — by Barron's

RingCentral's stock is tumbling after the announcement that founder Vlad Shmunis will step down as CEO and transition to executive chairman later this month.

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