Walgreens, Lyft, Alibaba rise premarket; Meta Platforms, Virgin Orbit fall
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Meta (META) to allow European users to opt out of targeted ads
March 30, 2023 1:25 PM EDTThe Wall Streel Journal reports Thursday, citing people familiar with the matter, that social media platform company, Meta (NASDAQ: META) is preparing to allow European Facebook and Instagram users to opt out of certain highly personalized ads.
The move comes as part of a plan to limit the impact of a European Union privacy order that was approved in December. The European regulators ruled that Meta shouldnt require users to agree to personalized ads based on their online activity, a ruling that could limit the... More
AMC Entertainment shares jump on report Amazon is considering acquiring the theater chain
March 28, 2023 2:24 PM EDTAMC Entertainment (NYSE: AMC) shares jumped Tuesday on the back of a report from The Intersect, stating that Amazon (NASDAQ: AMZN) is considering acquiring the theater chain.
Its stock price is currently up around 14%, while Amazon has... More
RBC Capital analysis yields favorable results for Uber over Lyft
March 28, 2023 11:37 AM EDTRBC Capital reiterated an Outperform rating and $46 per share price target on Uber (NYSE: UBER) in a note Tuesday, stating that driver supply analysis indicates supply outperformance.
"Our latest qtrly U.S. ride-hailing driver supply analysis yielded continued favorable results... More
Morgan Stanley now issues Research Tactical Idea Call on Alibaba (BABA)
March 28, 2023 10:18 AM EDTMorgan Stanley analyst Gary Yu reiterated an Overweight rating and $150.00 price target on Alibaba (NYSE: BABA).
The analyst comments "We believe the share price will rise in absolute terms over the next 60 days. This is because the stock has traded off recently,... More
Morgan Stanley on Alibaba (BABA): 'We think the news will be a major positive catalyst'
March 28, 2023 10:04 AM EDTMorgan Stanley analyst Gary Yu reiterated an Overweight rating and $150.00 price target on Alibaba (NYSE: BABA).
The analyst comments "We think the news will be a major positive catalyst for Alibaba's share price. Alibaba is trading at significant discount to our... More
Citi Keeps $156 PT on Alibaba (BABA), Says Split is 'Unlocking Underlying Value'
March 28, 2023 9:08 AM EDTCiti analyst Alicia Yap reiterated a Buy rating and $156.00 price target on Alibaba (NYSE: BABA).
The analyst comments "While we would not be surprised that Alibaba could decide to spin off certain business units like Cainiao or International Commerce as separately listed... More
