U.S. stock futures slip amid disappointing tech results, looming labor market data

Google releases new AI 'Bard' to testers ahead of public release

Googles parent company, Alphabet Inc, (NASDAQ: GOOG) announced in a blog post on Monday that the company is planning to launch a chatbot service called Bard. Bard is powered by LaMDA, Google's AI that can generate human-like prose. The technology company opened the conversational AI service to test users for feedback, and will be followed by a public release in the coming... More

Evercore ISI Removes Apple (AAPL) From Tactical Outperform List

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "We are removing AAPL from the Tactical Outperform list as the potential catalyst for our call took place yesterday during their earnings print. AAPL reported Dec-qtr results of $117B/1.88 vs. street at $124B/1.95 with sales declining 5% y/y due to headwinds from f/x (~800bps), production... More

Equity conviction is returning but tech not seeing love, claims BofA

In BofA's "The Flow Show" note, analyst Michael Hartnett told investors that the conviction in bonds continues.

The analyst explained in his "flows to know" section that there was $7.3 billion into investment grade bonds, while there is "no inflation fear" with a 23rd straight week of TIPS outflows ($1.6... More

Meta downgraded at HSBC following 4Q miss; announces 2023 as 'year of efficiency'

HSBC Global Research downgraded Meta Platforms (NASDAQ: META) to a Reduce rating (From Hold), and reiterated a price target of $110.00, following the social media companys 4Q results. Meta reported 4Q EPS of $1.76, missing the consensus estimate of $2.20.

The results showed higher users and growing engagement, but a 4.5% revenue decrease and a large restructuring charge of $4.2bn, only partially offset by lower depreciation. 2022 marks the first year of declining revenue at Meta.

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