European stocks lower; UBS weakens after profit slump
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- Wall St futures subdued as investors weigh earnings, oil prices
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Snowflake soars 20% on earnings beat and raised guidance
- Oil settles 1% higher, as US-Iran strikes threaten supplies
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
Shares drop early as Mobileye (MBLY) cuts revenue forecast
April 27, 2023 8:23 AM EDTAutonomous Tech company Mobileye Global (NASDAQ: MBLY) announced Thursday that the company has lowered its forecast for annual revenue, sending the company's shares down nearly 15% before the bell. The cut is due to a slowdown in electric-vehicle demand in China.
China's... More
Evercore ISI Stays Outperform on Microsoft (MSFT): 'this announcement should not distract from the broader narrative around cloud/AI'
April 26, 2023 9:26 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $337.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "In a somewhat surprising move after a lot of back/forth between the two parties, the CMA denied Microsofts acquisition of Activision based on concerns about the downstream implications on the cloud gaming market. There are a lot of potential long-term implications for tech M&A that are worth discussing at another time, but the bottom line as it relates to MSFT/ATVI is that the process from here... More
