First Republic, Deutsche Bank, Chevon, Block fall premarket; Regeneron rises
- Nasdaq outshines Wall St peers on tech boost, earnings glee
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Hasbro (HAS) brand strength sees earnings top expectations
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Tesla, AT&T, Biogen and Hasbro rise premarket; Uber, Enphase fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
Coinbase (COIN) faces an 'incremental risk to operations' - TD Cowen
March 24, 2023 10:26 AM EDTTD Cowen analyst Stephen Glagola downgraded Coinbase (NASDAQ: COIN) to Underperform from Market Perform with a $36 per share price target on Friday, telling investors in a note that there is an incremental risk to operations from the SEC Wells Notice and crypto banking crackdown.
The analyst stated it "appears multiple prongs of COIN's business are... More
JPMorgan Defending Deutsche (DBK:GR) (DB): 'we don’t see this and the associated share price decline as a reflection of the fundamentals of the bank'
March 24, 2023 10:24 AM EDTJPMorgan analyst Kian Abouhossein reiterated an Overweight rating and {REMOVEPT} price target on Deutsche Bank (DBK:GR) (NYSE: DB).
The analyst comments "We are not concerned today about counterparty, liquidity issues with DBK being Top 5 FICC player globally with $9.5bn in 2022 FICC revenues. DBK s recent CDS widening is in our view related to one way trades of de-risking across all market participants and we dont see this and the associated share price... More