Microsoft reports, Alphabet earnings, Coca-Cola: 3 things to watch
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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
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- 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
Coca-Cola (KO) Mentioned Positively at Deutsche Bank, 'operating from a position of strength'
October 24, 2023 4:35 PM EDTDeutsche Bank analyst Steve Powers reiterated a Hold rating and $60.00 price target on Coca-Cola (NYSE: KO).
The analyst comments "Generally consistent with our expectation this morning, KO shares were up +3% late in trading today (vs. S&P500 +1%), with investors generally pleased with (i) KO's broad-based... More
Morgan Stanley expects movement in these stocks following Q3 earnings
October 24, 2023 2:12 PM EDTQ3 earnings season is firmly underway, and Morgan Stanley analysts have revealed their conviction list of companies they expect to move on the near-term event.
In a note headed by analyst Michelle Weaver, the firm said it views six stocks positively and two negatively. The firm also said its checks suggest the third quarter is not likely to see broad misses, but fourth-quarter guidance is still uncertain.
Weaver named Amazon (NASDAQ: AMZN), Cytokinetics (NASDAQ: CYTK), DraftKings (NASDAQ: DKNG), LifeStance... More
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

