Stock market today: Dow adds more than 300 points ahead of inflation report
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StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- 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
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
Evercore ISI Comments on Amazon.com (AMZN) Prime Day: 'Intrinsically Impressive 25% Unit Growth'
July 13, 2023 3:40 PM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our View: We estimate that Amazon generated approx. $11.9B in GMV and $6.2B in Revenue over its two-day Prime Day shopping holiday, accounting for 4-5% of our Q3 AMZN Revenue estimate. We view these results as modestly better than we would have assumed (vs. the past two years of mgmt. disclosures of 400bps contribution to Revenue). Reit Outperform & $150 PT. AMZN remains one of our top Large Cap Net... More
JPMorgan (JPM) premium valuation has now returned, Citi cuts to neutral
July 12, 2023 2:03 PM EDTOn Wednesday, Citi analyst Keith Horowitz downgraded JPMorgan (NYSE: JPM) to Neutral with a $160 per share price target.
The analyst explained to investors in a note previewing US bank stocks' second-quarter earnings that the JPM downgrade is based on its valuation.... More
Keybanc Positive on Microsoft (MSFT) (yesterday)
July 12, 2023 11:15 AM EDTMicrosoft (NASDAQ: MSFT)
The analyst comments "Today Microsoft announced the release of Entra Internet Access and Entra Private Access, effectively expanding into network security with SSE (Secure Service Edge), setting Microsoft up to more directly compete with PANW, ZS, NET, and... More
