U.S. stock futures muted with key inflation reading, earnings ahead this week

UBS on Kraft Heinz Company (KHC): 'Initial Reaction: Mixed'

UBS analyst Cody Ross reiterated a Neutral rating and $39.00 price target on Kraft Heinz Company (NASDAQ: KHC).

The analyst comments "Based on our conversations with investors, sentiment heading into 4Q was mixed. There continued to be hope that KHC could potentially deliver/guide to FY24 EPS above Street, but with shares having performed... More

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

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