Bond Selloff, Nike Earnings, Porsche IPO - What's Moving Markets
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StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
UBS Updates Global Auto Model on Weak Macro Data: 'Goodbye Auto Production Recovery'
September 30, 2022 7:24 AM EDTUBS Research updated its global auto model as they believe falling demand will keep 2023 production flat compared to last year.
Analyst, Patrick Hummel wrote in a note that it is overwhelmingly likely that rapidly weakening macro data have a severe negative impact on auto demand in 2023, in all... More
JPMorgan on CarMax (KMX): 'Expect a Strong Negative Reaction'
September 29, 2022 10:59 AM EDTJPMorgan analyst Rajat Gupta reiterated a Neutral rating and {REMOVEPT} price target on CarMax (NYSE: KMX)
The analyst comments "Expect a strong negative reaction. $0.79 vs JPM $1.37 vs buy-side around ~$1.25. Broad miss across all key metrics including unit growth, SG&A leverage,... More
Worst May Be Over for Micron Technology (MU) - Lynx Equity Strategies
September 29, 2022 10:47 AM EDTLynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar weighed in on Micron Technology (NASDAQ: MU) ahead of results and think "the worst may be over." As such, the firm raised their price target to $56.
"A couple of items have come... More
Evercore ISI Stays Sidelined on CarMax (KMX) Noting Tough Industry Backdrop
September 29, 2022 10:44 AM EDTEvercore ISI analyst Michael Montani reiterated an In Line rating and $90.00 price target on CarMax (NYSE: KMX).
The analyst comments "CarMax is winning market share amidst a tough industry backdrop. It is not buying volume. CarMax retail used unit comps of -8.3% YoY (-6.4% units) was less negative than the -12% YoY F1Q drop (stimulus cycle... More
Morgan Stanley on CarMax (KMX): 'The story of KMX's 2Q is clear: demand destruction'
September 29, 2022 10:43 AM EDTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $124.00 price target on CarMax (NYSE: KMX).
The analyst comments "Same store volume down 8.3% YoY, following last quarter's -12.7% YoY, is similar to 2020 levels of unit volume decline and could be a... More
RBC Capital Quick Take on CarMax (KMX) Earnings
September 29, 2022 8:05 AM EDTRBC Capital analyst Steven Shemesh reiterated an Outperform rating and $108.00 price target on CarMax (NYSE: KMX).
The analyst comments "Unsurprisingly, KMX results disappointed, reflecting a continued challenging macro environment. With consumer sentiment weakening, new car production picking up, and rates rising, the... More
Morgan Stanley Reiterates Overweight Rating on Ferrari (RACE) Following Purosangue Launch
September 29, 2022 7:59 AM EDTMorgan Stanley updated their coverage of Ferrari (NYSE: RACE) to reflect their positive expectations following the vehicle makers Purosangue launch. Ferrari's Purosangue comes as the 2nd out of the 15 new models conceived in the company's ambitious product plan from the 2022 Capital Markets Day. Morgan Stanley reiterated an Overweight rating and $300 price target as they expect the launch to be a positive contribution to ASP and profitability.
The Purosangue, Ferraris first ever four door production... More
