S&P 500 in choppy trade as tech rallies after Treasury yields run out of steam
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- 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
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Amazon mulls offering veterinary telehealth - CNBC
October 24, 2023 10:49 AM EDTAmazon (NASDAQ: AMZN) is said to be mulling an expansion into veterinary telehealth, CNBC reported Tuesday, in its latest bid to compete with Walmart (NYSE: WMT).
The publication said people familiar with the matter... More
Evercore Keeps Amazon.com (AMZN) on Top Pick and TAC Lists Ahead of Earnings: 'Attractive Risk/Reward Set-Up'
October 24, 2023 8:13 AM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $190.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our View: Based on intra-quarter data points and our model sensitivity analysis, we view the Streets Q3 Revenue (+11% Y/Y and +5% Q/Q), Operating Income (implying 5.3% margin) and AWS Revenue (+12.5% Y/Y and 4% Q/Q) estimates as... More
Traders are increasing short bets - Citi
October 24, 2023 4:25 AM EDTLast week, most major equities markets saw an increase in short positions amidst general declines, although the ongoing bearish trend is showing signs of slowing down, according to Chris Montagu at Citigroup.
The net short position for S&P 500 Index futures saw a slight increase, rising from $27 billion to... More
