Wall Street ends lower on COVID-19 worries, tech weighs
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- Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
- Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run
- Oil settles down after choppy session as investors weigh Hormuz talks
- Meta to pay up to $16.68 billion in mass social media settlement
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- Nutanix (NTNX) Tops Q4 EPS by 11c, Beats in Revenue; Offers Q1 Revenue Guidance
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- Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
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Amazon.com (AMZN) PT Raised to $3,350 at MKM Partners
July 20, 2020 8:15 AM EDTMKM Partners analyst Rohit Kulkami raised the price target on Amazon.com (NASDAQ: AMZN) to $3,350.00 (from $2,525.00) while maintaining a Buy rating.
The analyst comments "We are increasing our 2020 and 2021 Revenue & EPS estimates (again). Our 2021 Revenue estimates are now 8% above pre-Covid levels, but... More
Benchmark Reiterates Sell Rating on Netflix (NFLX), Says Fair Value under $400 'even in 2021'
July 17, 2020 7:04 AM EDTBenchmark analyst Matthew Harrigan reiterated a Sell rating and $397.00 price target on Netflix (NASDAQ: NFLX).
The analyst comments "We are maintaining our Sell rating on Netflix and $397 price target while now looking for the stock to edge below $400 and remain there even into 2021.... More
