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The time may have finally come for small-cap stocks to have their moment in the sun, according to Jefferies. "We have seen some improvement in absolute and relative performance and think we could have hit an inflection point," wrote Jefferies strategist Steven DeSanctis. Still, he said there's one caveat: small-cap earnings look weak on an absolute basis. "As the year rolls along, small-cap earnings are set to broaden, accelerate, and play a game of catch-up with large." Jefferies' price target of $140 is nearly 32% higher than where shares of ArcBest closed on Thursday afternoon.
Persons: Jefferies, Steven DeSanctis, Schrodinger Organizations: Nvidia, Boston Beer, Boston, Software, pharma, . Trucking Locations: ArcBest
Employees blasted Microsoft's decision to pause raises and low morale ahead of a cloud meeting. Cloud boss Scott Guthrie told employees at the previous meeting no changes would come to raises. Microsoft cloud boss Scott Guthrie is facing tough questions about the company's decision to pause raises and cut bonuses and stock awards ahead of an employee meeting for the Cloud + AI organization. Many of the questions ahead of Guthrie's latest meeting, initially scheduled for June 8 and then canceled, were directed at Microsoft's senior leadership team, internally abbreviated as LT or SLT. Are you a Microsoft employee or do you have insight to share?
Persons: Scott Guthrie, Guthrie, Satya Nadella, Will LT, Kathleen Hogan, Charlie Bell, Ashley Stewart Organizations: Microsoft, Microsoft's
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