Midday movers: Tesla and Macy's rise; Coinbase and Nio fall
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StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Coinbase (COIN) stock: consensus 'too optimistic' says Mizuho, expects an earnings miss
July 9, 2024 9:11 AM EDTMizuho analysts are casting doubt on Coinbase's (NASDAQ: COIN) consensus earnings expectation, predicting a 10% miss.
Their note assessed factors leading to their bearish outlook. "We believe consensus is overly optimistic in extrapolating strong March trends," states Mizuho.
They point to a decline in... More
Jefferies hikes Amazon stock target on strong AWS and advertising trends
July 9, 2024 8:22 AM EDTJefferies analysts are bullish on Amazon (NASDAQ: AMZN), raising their price target to $235 per share from $225 in a note Tuesday, citing strong growth in both Amazon Web Services (AWS) and advertising sectors.
"We reiterate our BUY rating on AMZN as continued AWS and Advertising momentum combined with retail operating leverage should support 18%+ upside to our SOTP-based $235 PT.," Jefferies states in their research... More
Cloud war: Azure has 'slight edge' over AWS says Jefferies
July 9, 2024 7:22 AM EDTJefferies analysts see Microsoft (NASDAQ: MSFT) Azure gaining ground on Amazon (NASDAQ: AMZN) Web Services (AWS) in the ongoing cloud computing battle.
Their cloud spending survey of 40 U.S. CIOs reveals a growing focus on cloud adoption and a slight preference for Azure.
A "big jump in spend intentions" is a key... More
Meta Platforms (META) target lifted at Wedbush following digital ad survey
July 8, 2024 1:12 PM EDTIn a note this week, Wedbush raised its price target for Meta Platforms (NASDAQ: META) to $570 from $480, citing strong advertiser demand revealed in its latest digital advertising survey.
"Results from our survey were notably strong relative to our expectations for both Pinterest and Meta," stated the Wedbush note. They reached over 200... More
