While some in the community continue to question the outcome of the US Presidential election, mainstream media outlets and the Associated Press have definitively called the race for former Vice President and current President-Elect Joe Biden. But with uncertainty out of the way, traders and analysts are now lookingRead More →
Shares of Tesla Inc. shot higher Monday, putting them on track to snap a sharp 5-day selloff, but Morgan Stanley analyst Adam Jonas suggested it was still too early for investors to jump in. Jonas reiterated the underweight rating he’s had on the stock since he downgraded it on Jan.Read More →
Wendy’s Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald’s Corp. MCD, -2.79% and Burger King, a Restaurant Brands InternationalRead More →
As the COVID-19 spreads and the patient count and death toll grow, economists are slashing their once-rosy expectations for global growth in 2020. But amid the anxiety, there’s one bright spot in the U.S. that is likely to be immune from the virus fallout. Analysts say the housing market isn’tRead More →
Disney+ needed just a couple months to amass nearly half the number of subscribers that Netflix Inc. NFLX, -0.59% has domestically, but that disclosure didn’t help Walt Disney Co.’s stock Wednesday after the company’s latest earnings report. Shares of Disney DIS, -2.28% were off 1.8% in morning trading afterRead More →
It is going to get worse before it gets better for the stock market, says prominent technical analyst Ralph Acampora. ‘I think it’s going to be a little deeper. I am looking at 10% maybe a little bit more even.’ Ralph Acampora A pioneer in the field of price chart-based trading, AcamporaRead More →
Xilinx Inc. shares are headed for their fourth post-earnings drop in as many quarters, prompting analysts to hope this is the last time the company will reset its bar lower. Though the company topped earnings expectations for its fiscal third-quarter in a late Tuesday report, it issued a disappointing forecastRead More →
No doubt investors are ready to push Apple shares higher Wednesday after record results, but some analysts appeared divided as to how much further this will juice the stock. Apple shares AAPL, +2.83% rallied late Tuesday after the consumer technology giant reported the second-best quarter ever for iPhone sales, pushingRead More →
Starbucks Corp. popular pumpkin spice latte isn’t just a hit with its own customers. It’s also a hit with Dunkin’ Brands Group Inc. customers. Half of the visitors to a Dunkin’ DNKN, -0.80% in the fourth-quarter of 2019 also went to a Starbucks SBUX, -1.83%, according to data provided byRead More →
Intel Corp. crushed revenue expectations for the fourth quarter by about $1 billion and sent its stock to a new post-dot-com-boom high, but the company didn’t get a ton of credit from analysts. Intel INTC, +8.13% remains a controversial name on Wall Street as the chip giant deals with productionRead More →
Aurora Cannabis Inc. stock is set to go to $1, according to an analyst. In a note to clients late Thursday, Piper Sandler analyst Michael Lavery downgraded the cannabis producer to the equivalent of a sell and issued a $1 target price, down from $3. Lavery cited risks related toRead More →
Cloud-computing and cybersecurity stocks outperformed broader indexes Monday as shares of Salesforce.com Inc. closed at an all-time high and on heightened concerns of an Iranian cyberattack against the U.S. Salesforce CRM, +4.38% shares closed 4.4% higher Monday at a record $173.45, after touching an intraday record of $173.67, afterRead More →
Carnival Corp. saw its stock price target raised at least three times on Monday, despite facing a number of challenges heading into the new year. On Friday, the cruise company reported an earnings and revenue beat, but also said it would have to cancel eight sailings of the new MardiRead More →
Micron Technology Inc. shares are trading at their highest levels in more than a year as analysts see signs of improvement in the memory-chip industry, which has spent 2019 trying to dig out of an inventory glut that decimated sales. Micron MU, +0.11% shares closed up 0.1% at $53 Tuesday,Read More →
By Jamie Freed (Reuters) – Boeing Co (N:) is expected to continue burning cash despite pausing production of its 737 MAX jet, as it will leave its workforce intact and likely provide support to suppliers, analysts said. Some estimated the cash burn at around $1 billion a month. The airlineRead More →
Broadcom Inc. shares slid Friday after half the analysts covering the chip maker raised their price targets but expressed concern about the company downplaying its wireless assets ahead of next year’s anticipated release of 5G technology. Broadcom AVGO, -3.78% shares fell 3.8% to close at $315.42, after touching an intradayRead More →
The U.K. election this Thursday could give Prime Minister Boris Johnson the ammunition he needs to secure a Brexit deal, sending a basket of battered domestic stocks soaring. As the last election in 2017 and the 2016 EU referendum demonstrated, British politics are unpredictable and the final election opinion pollRead More →
© Reuters. Investing.com – Saudi Aramco (SE:), Saudi Arabia’s state-owned oil company, will have plenty of support when it begins trading later this week, according to analysts. “I see further upside to the stock after listing due to the fact that investors will be chasing the stock to complete theirRead More →
Bernstein analyst Zane Chrane is shaking his head at Zoom Video Communications Inc.’s 9% stock slide Friday, after the company topped expectations with its latest results and outlook. He titled his note to clients, “Sometimes perfection still isn’t enough,” while arguing that consensus estimates “very likely reflect some mismodeling byRead More →
Welcome to the party, little fella. Small-cap stocks have been a missing piece of the puzzle as the stock market roared back in 2019 from a fourth-quarter drop last year that saw the S&P 500 SPX, +0.38% come within a whisker of a 20% pullback, the widely used definition ofRead More →
Shares of Hewlett Packard Enterprise Co. dipped 4% in after-hours trading Monday after the computing giant reported fourth-quarter revenue that fell short of analyst estimates. The major culprit, as in previous quarters: Longer sales cycles for bigger deals because of economic and geopolitical uncertainty, company executives said. The San Jose,Read More →
For Tesla Inc.’s Cybertruck, beauty is in the eyes of the believers, while the rest wonder who is going to buy that thing beyond the hard-core fan base. Bullish financial analysts defended Tesla TSLA, -6.14% and its latest electric car concept Friday morning, saying that devoted fans will buy theRead More →
Target Corp. is scheduled to report third-quarter earnings on Wednesday before the opening bell, and analysts are bullish about the third quarter and holiday season. But investors may be just as interested in a potential partnership announcement as they are in the retail giant’s quarterly results. Raymond James analysts thinkRead More →
Nvidia Corp. has completely escaped the crypto hangover. The question now is what happens on the other side. Nvidia projected Thursday that revenue will begin growing again in the current period, after four consecutive quarters of year-over-year declines, but that is mostly because the quarter a year ago was intenselyRead More →
Tempur Sealy International Inc. reported third-quarter earnings and sales that beat expectations, which has got analysts optimistic about what’s to come once the results start rolling in from new retail partnerships with Big Lots Inc. and Mattress Firm. “The encouraging aspect of the results is that the strength in theRead More →
