Futures muted; U.S. CPI, earnings ahead this week - what's moving markets

The 'AI revolution' is playing out, Wedbush sees tidal wave of spending coming to the tech industry

The artificial intelligence (AI) revolution is playing out, according to Wedbush analyst Daniel Ives, who believes there is a "tidal wave" of spending coming to the tech industry.

Ives explained in a note to clients that heading into 2024, there was building hype and excitement for AI, which Wedbush views as the "biggest tech transformation since the start of the... More

CFRA Downgrades Coca-Cola (KO) to Buy

CFRA analyst Garrett Nelson downgraded Coca-Cola (NYSE: KO) from Strong Buy to Buy with a price target of $66.00 (from $68.00).

The analyst comments "We lower our 12-month target by $2 to $66, based on a '25 P/E of 22.0x, a discount to KO's... More

Shopify (SHOP) shares tumble following Q4 earnings

Shopify (NYSE: SHOP) shares fell more than 8% Tuesday on the back of its latest quarterly earnings.

The company reported earnings of $0.34 per share, while revenue increased 24% year-over-year to $2.1 billion.

Subscription solutions revenue increased 31% to $525 million, driven by growth in the number of merchants and... More

Goldman Sachs shares its outlook for S&P 500 dividends in 2024

With META's dividend initiation announcement last week intensifying investor focus on dividends, Goldman Sachs revealed it is lifting its S&P 500 2024 dividend per share (DPS) growth forecast.

The investment bank now sees 2024 dividends per share at 6%, up from 4%, and maintained its 2025 DPS growth forecast of 5%.

Analyst David... More

OpenAI CEO 'swinging for the fences' to reshape semiconductor supply chain

Open AI CEO Sam Altman is "swinging for the fences" according to Macquarie Equity Research analysts in a note Monday.

The firm, reacting to reports that Altman is reportedly pitching Middle Eastern states on a $5 trillion to $7 trillion project to reshape the semi supply chain, also noted that OpenAI is... More

JPMorgan Financials Specialist Negative on Coinbase (COIN): 'Short COIN - Volumes disappoint after ETF launch'

JPMorgan Financials Specialist Negative on Coinbase (NASDAQ: COIN): 'Short COIN - Volumes disappoint after ETF launch'

The analyst, James Goulbourne (JPMorgan's Financials Specialist), comments "Weekly recap of key trading flows, research, and ideas out yesterday from me. This week highlighting our more... More

Despite the market rally, small caps got cheaper in January - BofA

Despite the market rally in January, analysts at Bank of America noted Monday that small-caps got cheaper during the month.

The firm said in a memo headed by analyst Jill Carey Hall that small-caps are priced for conditioned credit deterioration and no manufacturing recovery.

"SMID-cap multiples... More

Shopify (SHOP) PT Raised to $90 at Truist, 'Data Suggests Upside in Shopify GMV and Likely Strong 4Q Report'

Truist Securities analyst Terry Tillman raised the price target on Shopify (NYSE: SHOP) to $90.00 (from $65.00) while maintaining a Hold rating.

The analyst comments "In collaboration with Truist Securities Data Science team, we have concluded Shopify will likely report a strong 4Q tomorrow. Along... More