S&P 500 likely 'flattish' in 2023, Meta Platforms (META) the best mega-cap stock - JPM's survey

Go back to S&P 500 likely 'flattish' in 2023, Meta Platforms (META) the best mega-cap stock - JPM's survey

Evercore ISI tactically constructive on large-cap internet stocks

January 12, 2023 3:54 PM EST

Evercore ISI analyst Mark Mahaney said the firm is tactically constructive on large-cap internet stocks in a note to clients Thursday.

The analyst said in his Q4 preview that the firm has made three tactical calls into the quarter, with a Tactical Outperform on Netflix (NASDAQ: NFLX) and Booking... More

Evercore Tactical Outperform on Netflix (NFLX) and Booking Holdings (BKNG)

January 11, 2023 6:12 PM EST

Evercore Tactical Outperform on Netflix (NASDAQ: NFLX) and Booking Holdings (NASDAQ: BKNG)

Analyst Mark Mahaney comments "We are making three tactical calls into the quarter: A TAP Outperform on NFLX and on BKNG and a... More

Alphabet's Google margins could be at risk from ChatGPT — Morgan Stanley

January 10, 2023 10:29 AM EST

Alphabet (NASDAQ: GOOGL) owned Google's margins could be at risk from ChatGPT, according to Morgan Stanley analyst Brian Nowak.

The analyst, who maintained an Overweight rating and $120 per share price target on Alphabet, said that while the firm doesn't see ChatGPT threatening Google Search's position as the starting point for online... More

Morgan Stanley 'even more bullish' on China

January 10, 2023 10:03 AM EST

In a note to clients Tuesday, Morgan Stanley analyst Laura Wang said the firm is "even more bullish" on China.

Wang explained that they see an "earlier and stronger growth recovery from 1Q23" with a faster reopening, stronger housing support, and tech regulatory easing, "lifting 2023 GDP to 5.7%Y and 12m USDCNY... More

BofA clients continue to be net sellers of equities despite tech buying

January 10, 2023 8:19 AM EST

Despite the S&P 500 closing nearly 1.5% higher last week on the back of the softer-than-expected U.S. wage growth, Bank of Americas clients were taking the opposite side.

All three client groups - institutional, retail, hedge funds - were selling, marking the 3rd consecutive week of net outflows from U.S. equities ($1.4 billion). Outflows were mostly... More