Dow Futures Rise 140 Pts; Meta Platforms and GDP Data in Focus
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- Wall St rises on AI gains as oil slides, Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips briefly below $100 on Saudi exports, hopes of US-Iran diplomacy
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- AMD stock jumps as chip rally builds ahead of summit
Meta Platforms (META) Results its 'Worst Set' So Far - Societe Generale
October 28, 2022 3:41 PM EDTSociete Generale analyst Simon Baker lowered the firm's price target on Meta Platforms (NASDAQ: META) to $80 from $185, maintaining a Sell rating in a note to investors on Friday.
The analyst stated that Meta's third-quarter results included a -28% earnings miss, a weak outlook, and a call for a... More
Evercore ISI Removes Apple (AAPL) From tactical Outperform List Following Strong Earnings
October 28, 2022 10:12 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We are removing Apple from our tactical outperform list as our key catalyst was the Sept-qtr earnings that were reported last night. AAPL reported Sept-qtr results of $90.15B/$1.29 (vs. street at $88.7B/ $1.27) with topline growth of 8% despite nearly ~600bps of f/x headwind. Notably, iPhone growth was robust at 10% (though ~100bps below street... More
Amazon.com (AMZN) PT Lowered to $125 at Benchmark
October 28, 2022 6:26 AM EDTBenchmark analyst Daniel Kurnos lowered the price target on Amazon.com (NASDAQ: AMZN) to $125.00 (from $160.00) while maintaining a Buy rating.
The analyst comments "Shares of Amazon (AMZN: Buy, PT from $160 to $125) initially plunged over 20% after hours following a largely in-line 3Q print but a shocking 4Q holiday revenue guide. Despite all the recent optimism from credit card companies, the travel sector and early... More
RBC Capital First Take on Amazon.com (AMZN) Q3 2022 Earnings
October 27, 2022 4:46 PM EDTRBC Capital analyst Brad Erickson reiterated an Outperform rating and $175.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "AMZN reported Q3 revenue in-line with the Street ($127.1B vs. Street at $127.4BE) and EPS above (+$0.28 vs. Street at +$0.22E) but... More
Alphabet (GOOGL) Acquires AI Avatar Firm Alter - TechCrunch
October 27, 2022 3:20 PM EDTAlphabet's (NASDAQ: GOOGL) Google has acquired artificial intelligence avatar startup Alter, for approximately $100 million, according to a report by TechCrunch on Thursday.
TechCrunch said sources informed them of the deal, with Google aiming to boost its content and better compete with... More
