Text size DraftKings lifted its forecast earlier this month. Angus Mordant/Bloomberg Sports betting app DraftKings is a stock that investors should own heading into pro football’s regular season, Roth...
Tag: Street Notes
Nvidia’s Problems Aren’t Over. Expect Another Sales Warning Soon.
Text size Nvidia headquarters in Santa Clara, Calif. Justin Sullivan/Getty Images BofA Global Research warns Nvidia could cut its outlook when the chip maker reports next week. On Tuesday, analyst Viv...
Don’t Trust This Stock Market Rally. Strategists See More Trouble Ahead.
Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bou...
6 Software Stocks to Buy and 4 to Sell, According to an Analyst
What’s next for enterprise software stocks? That depends which ones you pick. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to plac...
Don’t Trust This Stock Rally. Strategists See More Trouble Ahead for S&P 500.
Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bou...
AMD Stock Is Dipping. Why Analysts Say to Buy.
Text size An AMD central processing unit for a desktop PC. Alamy Wall Street is telling investors to buy Advanced Micro Devices shares any time they fall. Analysts believe the chip maker’s second-quar...
Amazon Stock ‘Needs’ to Be Owned. This Analyst Explains Why.
Text size Amazon workers sort packages for delivery in New York. Michael M. Santiago/Getty Images Amazon.com is a must-have stock for investors following the company’s second-quarter earnings beat, ac...
A Spirit Deal Is Finally Here. Why J.P. Morgan Says Sell the Stock.
Text size Spirit stock is up more than 17% in 2022. Joe Raedle/Getty Images JetBlue reached a deal to purchase Spirit on Thursday, but while that company prepares to buy Spirit for $33.50 a share, J.P...
A Verizon Communications Bull Gives Up and Downgrades the Stock
Text size Verizon Communications recently reduced its adjusted earnings guidance for fiscal 2022. David Paul Morris/Bloomberg Wall Street rarely like to talk about its bad calls, but BofA is now admit...
Roku Stock Is Heading For Its Biggest Drop Ever. Analyst Calls Earnings Awful.
Text size Roku reported revenue of $764.4 million in the latest quarter. Wall Street was expecting $804 million. Dreamstime Roku stock cratered after the video-streaming company’s earnings fell far sh...
Intel Stock Will Plunge Further, Analyst Says
Text size Intel posted June-quarter financial results that fell far short of Wall Street estimates. David Paul Morris/Bloomberg Bernstein doesn’t believe Intel ’s troubles are behind it after the chip...
Buy Warner Bros. Discovery, But Sell Paramount, Goldman Says. Here’s Why.
Text size Combining and relaunching the HBO Max and Discovery+ services as well as cutting costs can be tough for WarnerMedia. Dreamstime Investors should buy Warner Bros. Discovery stock because the ...
Microsoft’s Activision Deal Is Likely to Win Approval, Analyst Says
Text size Microsoft has said it plans to release Activision’s Call of Duty videogames on Sony’s PlayStation. Rich Polk/Getty Images for Activision Activision Blizzard stock continues to tr...
Micron Stock Is Slipping. Morgan Stanley Turned Bearish.
Text size Morgan Stanley analyst Joseph Moore downgraded Micron to Underweight from Equal Weight. Dreamstime Micron Technology stock is lower Friday after Morgan Stanley analyst Joseph Moore issued a ...
Apple and Microsoft Report Earnings Next Week. Can a Fed Rate Hike Top Them?
Text size Earnings from Big Tech are next week. But so is the Federal Reserve’s announcement on interest rates. Krisztian Bocsi/Bloomberg Big Tech earnings season will shift into fifth gear next...
Apple Earnings Could Miss Estimates, Morgan Stanley Warns
Text size The new Apple retail store in Istanbul. Chris McGrath/Getty Images Apple earnings estimates and price targets continue to slip lower as the Street turns wary ahead of the company’s June-quar...
Microsoft Stock Is a ‘Good Place to Hide.’ This Analyst CutsPrice Target Anyway.
Text size Microsoft updated its guidance to reflect higher foreign exchange headwinds ahead of its fourth-quarter earnings report. Jeenah Moon/Getty Images Microsoft won’t be immune to an economic slo...
Chip Stock Earnings Estimates Still Look Way Too High, Goldman Analyst Warns
Text size Goldman Sachs’ cuts to earnings forecasts for chip manufacturers were both broad and deep. Dreamstime Chip stocks are gaining ground on Friday following better-than-expected financial ...
Amazon’s Earnings Outlook Could Be Better Than Feared, Analyst Says
Text size Amazon workers pull a cart of packages for delivery in New York City. Michael M. Santiago/Getty Images Amazon . com will report second-quarter earnings two weeks from now, and the Street is ...
Gasoline Demand Is the Lowest in a Year. Blame Remote Work, Not Pump Prices.
Text size U.S. crude oil inventory levels still remain 5% below the five-year average for this time of year. Brandon Bell/Getty Images It isn’t just high oil prices, but Americans working from home th...
Bitcoin Price Could Fall to $13,000 as Crypto Miners Cut Costs
Text size Miners appear to be using less electricity to produce cryptocurrencies. Mark Felix/AFP via Getty Images Bitcoin miners have come under pressure from a one-two punch of rising energy costs an...
Qualcomm Is a Top Stock Pick on Valuation, Says J.P. Morgan
Text size Qualcomm headquarters in San Diego. Bing Guan/Bloomberg J.P. Morgan believes semiconductor company Qualcomm is getting too cheap to ignore. On Thursday, analyst Samik Chatterjee reiterated h...
AT&T Stock Is a Buy Ahead of Earnings, Analyst Says
Text size ATT said in June it expected higher margins in the second half of the year. Dreamstime AT&T stock remains a Buy at Citi ahead of the company’s first earnings report since separating from...
Tesla Cash Hoard Could Hit Half-Trillion by 2030. What That Money Could Do.
Text size Could Tesla really have $500 billion on its books at the end of 2030? One analysts believes its possible. Patrick T. Fallon/AFP via Getty Images Tesla ’s cumulative free cash flow could amou...