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Jul 15, 2024 9:28 AM - Davit Kirakosyan

Apple Gains 2% Following Morgan Stanley Upgrade

Apple (NASDAQ:AAPL) shares rose nearly 2% in pre-market trading today after Morgan Stanley analysts upgraded the stock to a Top Pick and increased the price target from $216 to $273. The upgrade stems from strong confidence that the introduction of Apple Intelligence and its limited backward compati...

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Jul 15, 2024 9:15 AM - Davit Kirakosyan

BlackRock Beats Q2 EPS Estimates, But Revenues Missed

Shares in BlackRock (NYSE:BLK) saw a modest rise of 1% in pre-market today following the release of its fiscal Q2/24 results. The company reported an EPS of $10.36, surpassing the Street estimate of $9.95. Revenue, however, fell short at $4.81 billion compared to the expected $4.85 billion, though i...

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Jul 15, 2024 9:11 AM - Davit Kirakosyan

Citi Downgrades ON Semiconductor, Cites Slowing Silicon Carbide Market

ON Semiconductor (NASDAQ:ON) shares fell more than 1% in pre-market today after Citi analysts downgraded the company to Neutral from Buy and slashed their price target to $77 from $85. The analysts highlighted concerns over the Silicon Carbide market, which comprises 12% of ON's 2024 sales. They not...

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Jul 15, 2024 9:08 AM - Davit Kirakosyan

Melius Increases Amkor Technology Price Target to $55 Amid AI Packaging Demand, Shares Gain 2%

Amkor Technology (NASDAQ:AMKR) shares rose more than 2% pre-market today after Melius analysts raised their price target on the company to $55 from $41 while maintaining their Buy rating. The analysts emphasized Amkor’s strong position in the semiconductor industry, noting its leadership in packagin...

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Jul 15, 2024 9:06 AM - Davit Kirakosyan

Mizuho Boosts Intuitive Surgical Price Target to $440 Ahead of Earnings

Mizuho analysts increased their price target for Intuitive Surgical (NASDAQ:ISRG) to $440 from $390 while maintaining their Neutral rating, ahead of the company’s Q2 earnings, scheduled to be released on Thursday. The adjustment follows proprietary channel checks for Q2/24, which included interactio...

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Jul 15, 2024 9:01 AM - Davit Kirakosyan

DTE Energy’s Price Target Raised to $123 at BMO Capital

BMO Capital analysts raised their price target for DTE Energy (NYSE:DTE) to $123 from $120 while maintaining a Market Perform rating, following a quarterly review that prompted an update of Q2/024 estimate to $1.15, up from $0.99 in the same period last year. The approximately 16% year-over-year in...

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Jul 15, 2024 2:05 AM - Parth Sanghvi

Google Eyes Cloud Security Supremacy: Nears $2.3 Billion Acquisition of Wiz

Google Eyes Cloud Security Supremacy: Nears $2.3 Billion Acquisition of Wiz The world of cybersecurity is heating up, especially in the cloud realm. Tech giants are vying for dominance, and according to a recent Wall Street Journal report, Google is making a major play with a near-$2.3 billion ac...

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Jul 15, 2024 2:04 AM - Parth Sanghvi

China's Economic Growth Stumbles in Q2: Weak Spending Raises Concerns

China's Economic Growth Stumbles in Q2: Weak Spending Raises Concerns  China's economic growth fell short of expectations in the second quarter of 2024, according to data released by the National Bureau of Statistics. The GDP grew by only 4.7% year-on-year, missing the forecast of 5.1% and markin...

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Jul 15, 2024 2:03 AM - Parth Sanghvi

Top 5 Events to Watch in the Markets This Week

Top 5 Events to Watch in the Markets This Week  Get ready for another potentially volatile week in the markets! As investors grapple with the ongoing fight against inflation by central banks and governments, several key events will shape market movements. Here's a breakdown of the top 5 things to...

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Jul 15, 2024 2:02 AM - Parth Sanghvi

AI Power Surge Ahead? Barclays Warns of Skyrocketing Energy Needs for Artificial Intelligence

AI Power Surge Ahead? Barclays Warns of Skyrocketing Energy Needs for Artificial Intelligence  The rise of artificial intelligence (AI) promises to revolutionize various industries, but according to a recent thematic investing report by Barclays analysts, this progress comes with a hidden cost: a...

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Jul 15, 2024 2:02 AM - Parth Sanghvi

Deflationary Chill from China: Morgan Stanley Warns of Spillover to US and Eurozone

Deflationary Chill from China: Morgan Stanley Warns of Spillover to US and Eurozone  Economic woes in China are sending ripples across the globe, with deflationary pressures threatening to spread beyond its borders. According to a recent report by Morgan Stanley, China's prolonged period of defla...

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Jul 15, 2024 2:01 AM - Parth Sanghvi

Goldman Sachs Identifies Key Indicator for AI Boom's Longevity

Goldman Sachs Identifies Key Indicator for AI Boom's Longevity  The artificial intelligence (AI) sector has witnessed significant growth, particularly in the infrastructure phase. However, skepticism lingers regarding its long-term profitability. To address this concern, Goldman Sachs analysts ha...

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Jul 15, 2024 2:00 AM - Parth Sanghvi

Intriguing Rise in US Unemployment: More People Joining the Workforce, Not Job Losses

Intriguing Rise in US Unemployment: More People Joining the Workforce, Not Job Losses  The recent uptick in the US unemployment rate has sparked concern, but a closer look reveals a surprising twist. According to an analysis by Investing.com, the rise is not necessarily due to widespread job loss...

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Jul 15, 2024 2:00 AM - Parth Sanghvi

Wall Street Dives into Oracle's Cloud Transformation: A Mixed Bag of Optimism and Caution

Wall Street Dives into Oracle's Cloud Transformation: A Mixed Bag of Optimism and Caution  Oracle, the tech giant traditionally known for its on-premise software solutions, is aggressively pushing into the cloud computing market. This shift hasn't gone unnoticed by Wall Street analysts, who are o...

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Jul 15, 2024 1:56 AM - Parth Sanghvi

PayPal's Strategic Shift: Wall Street Analyzes a Move Towards Quality Over Quantity

PayPal's Strategic Shift: Wall Street Analyzes a Move Towards Quality Over Quantity  Digital payments giant PayPal is undergoing a strategic pivot, and Wall Street is watching closely. The company is shifting its focus from simply growing its user base to prioritizing higher-value customers who c...

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Jul 15, 2024 1:56 AM - Parth Sanghvi

TSMC's Profit Poised for a Surge Fueled by AI Chip Demand

TSMC's Profit Poised for a Surge Fueled by AI Chip Demand  Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, is expected to report a significant jump in profits for the second quarter of 2024. Analysts predict a 30% increase compared to the same period las...

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Jul 15, 2024 1:55 AM - Parth Sanghvi

Stellantis: Wall Street Dives Deep – A Mixed Bag of Potential

Stellantis: Wall Street Dives Deep – A Mixed Bag of Potential  Stellantis, the automotive giant formed by the merger of Fiat Chrysler Automobiles and PSA Group, is under the microscope of Wall Street analysts. The company presents a complex picture, with both promising prospects and potential hea...

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Jul 15, 2024 1:54 AM - Parth Sanghvi

Downgrades for Tesla and SMCI: AI Ambitions Meet Valuation Concerns

Downgrades for Tesla and SMCI: AI Ambitions Meet Valuation Concerns  Two prominent companies, Tesla and Super Micro Computer (SMCI), recently received downgrades from stock analysts. While the reasons differ, a common theme emerges: investor assessments are grappling with the interplay between ar...

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Jul 15, 2024 1:54 AM - Parth Sanghvi

Wells Fargo: Mixed Q2 Earnings and a Promising Dividend Hike

Wells Fargo: Mixed Q2 Earnings and a Promising Dividend Hike  Wells Fargo, the financial services giant, recently released its second-quarter earnings report. The results presented a mixed picture, with some aspects exceeding expectations and others falling short. However, a planned dividend hike...

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Jul 15, 2024 1:52 AM - Parth Sanghvi

Citigroup Beats Estimates Despite Regulatory Scrutiny

Citigroup Beats Estimates Despite Regulatory Scrutiny  Citigroup, a leading global bank, delivered positive news with its second-quarter earnings report. The bank exceeded analyst expectations for both profits and revenue, demonstrating resilience in a climate of ongoing regulatory scrutiny.  ...

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