Walmart reports, Alibaba earnings, Applied Materials: 3 things to watch
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- Wall St hits two-week lows as rising bond yields, Walmart results drag
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Marvell issues Google warrant tied to custom chip deal
- FOMC minutes from July 28-29th meeting
- US stock futures steady after tech slump; investors focus on Middle East tensions
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
Citi expects Abercrombie & Fitch Q1 EPS miss and guidance cut, but says it is mostly priced in
May 18, 2023 2:29 PM EDTAbercrombie & Fitch's (NYSE: ANF) price target was cut to $24 from $32 per share at Citi, with analyst Paul Lejuez maintaining a Neutral rating on the stock in a note Thursday.
Lejuez said the firm anticipates a 1Q EPS miss driven by lower... More
Citi Positive on Walmart (WMT)
May 18, 2023 8:14 AM EDTCiti analyst Paul Lejuez reiterated a Buy rating and $169.00 price target on Walmart (NYSE: WMT)
The analyst comments "The strong beat and raise should drive the stock higher."
For an analyst ratings summary and ratings history on Walmart... More
Alibaba (BABA) tops Q1 earnings estimates, approves Cloud Intelligence Group spin-off
May 18, 2023 7:52 AM EDTAlibaba (NYSE: BABA) topped first-quarter earnings estimates but missed revenue expectations on Thursday.
The Chinese technology giant reported Q1 EPS of RMB10.71, RMB1.25 better than the analyst estimate of RMB9.46. However, revenue of RMB208.2 billion in the quarter, which rose 2% YoY, was below the consensus estimate of RMB209.02... More
