'Perfect Storm is Here': Barclays Cuts Price Targets on US Internet Stocks
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
Loop Capital Says Buy Weakness in Snap Shares, Sees 10x Returns Over Next 10 Years
July 6, 2022 9:04 AM EDTLoop Capital analyst Rob Sanderson maintained a Buy rating and a $26 per share price target on Snap (NYSE: SNAP) shares.
The analyst took note of the extreme selloff in Snap shares as they trade like the bull case is broken. However, Sanderson sees potential for Snap shares to rally... More
Meta (META) is 'Top Recession Stock' - BofA Securities Bullish on Facebook's Parent Despite Recent Weakness
July 5, 2022 8:52 AM EDTBofA Securities analyst Justin Post reiterates a Buy rating on Meta Platforms (NASDAQ: META) and calls the company a top recession stock in the internet group", voicing strong support for the shares of the troubled social media giant.
In his most recent note on the company, the analyst highlights several key factors that make Facebook, Instagram, and... More
These Stocks Could Outperform in Second Half of 2022 - Morgan Stanley's Wilson
July 5, 2022 7:18 AM EDTMorgan Stanleys top equity strategist Michael Wilson has once again warned investors that the economic slowdown is worse than previously expected.
The strategist reiterated his view that the bear market wont be completed until earnings estimates are cut to more reasonable levels. There has been some progress on this front in recent weeks as the... More
Here is Bank of America's List of Top 10 US Stocks for Q3
July 1, 2022 8:55 AM EDTBank of America strategist Anthony Cassamassino listed 10 high-conviction stocks for the third quarter that started today.
The list consists of 9 long and 1 short idea and includes some of our fundamental equity analysts highest conviction ideas for the 3rd quarter.
The list also reflects BofAs near-term strategy for U.S. equities with its Chief Investment Strategist, Michael Hartnett,... More