Futures edge higher, Disney to report - what's moving markets

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Go back to Futures edge higher, Disney to report - what's moving markets

Amazon set to shelve some private label brands to cut costs, address FTC scutiny - WSJ

August 10, 2023 1:18 PM EDT

On Thursday, the Wall Street Journal reported that Amazon (NASDAQ: AMZN) is shelving several of its private clothing brands as a way to cut expenses and deal with antitrust investigations.

The report states the e-commerce and tech giant has chosen to eradicate 27 of its 30... More

Amazon (AMZN) efficiency enhancements are 'bearing fruit' - Phillip Capital

August 10, 2023 8:18 AM EDT

Phillip Capital upgraded shares of Amazon (NASDAQ: AMZN) to Buy, raising the price target on the stock to $175 from $120 per share in a note Thursday.

Analyst Maximilian Koeswoyo told investors that Amazon's efficiency enhancements are "bearing fruit," with the e-commerce giant's 2Q23... More

Penn National Gaming (PENN) Menioned Positively at Roth/MKM: 'Major Upside Potential'

August 10, 2023 7:22 AM EDT

Roth/MKM analyst Edward Engel reiterated a Buy rating and $38.00 price target on Penn National Gaming (NASDAQ: PENN).

The analyst comments "We believe PENN's legacy land-based business is worth $19/share, which assumes a 13% yield on PENN's normalized land-based FCF of $400M. At... More

Citi on NVIDIA (NVDA): 'data center segment representing the primary driver of the $11B or 53% Q/Q growth in the Jul-Q'

August 9, 2023 9:53 AM EDT

Citi analyst Atif Malik reiterated a Buy rating and $520.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "Taiwanese add-in graphics card/OEMs like Gigabyte/MicroStar reported July monthly sales -6% M/M (+11% Y/Y) vs 3-year average seasonality of -6%... More