Midday movers: RH, Estee Lauder rise; Tesla falls
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- Wall St set for best week since April as payrolls surprise eases rate-hike jitters
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Oil gains on US jobs report, worries over peace talks
- Atlassian results seen as 'game changer' for AI kills software worries
- The Trade Desk hit by Wall St downgrades after disappointing Q2 results, outlook
- Trump held multiple undisclosed calls with Fed Chair Warsh, reports say
- Stocks close lower as investors eye Mideast talks, earnings
- Citi says buy the pullback in memory stocks as upcycle is still in early innings
- The Trade Desk Inc. (TTD) Tops Q2 EPS by 16c, Misses on Revenue; Offers Weak Q3 Revenue Guidance
- Apollo to acquire easyJet for £5.7B in cash deal
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Amazon (AMZN) added to Wells Fargo Q2 Tactical Ideas List
April 1, 2024 8:58 AM EDTWells Fargo added Amazon (NASDAQ: AMZN) to its second quarter 2024 Tactical Ideas List in a note Monday previewing the company's first-quarter results. The firm maintained an Overweight rating on the stock, raising the price target to $217 from $211.
The firm sees a... More
Amazon.com (AMZN) PT Raised to $217 at Wells Fargo, 'Adding to the Q2'24 Tactical Ideas List'
April 1, 2024 5:46 AM EDTWells Fargo analyst Ken Gawrelski raised the price target on Amazon.com (NASDAQ: AMZN) to $217.00 (from $211.00) while maintaining a Overweight rating.
The analyst comments "Maintain 1Q24 OI of $12.4B vs. Street $11.0B, raise 2Q OI to $14.5B (vs. Street $12.6B) and expect 2Q guide of $10.0-14.0B. Believe restructured FBA fees and cost externalization driven by FBA inventory placement fees will drive $1.2B of incremental OI vs. 1Q24. In addition to the FBA fee change, we expect... More
Wells Fargo on Tesla (TSLA), 'Adding TSLA to Q2 ’24 Tactical Ideas List'
April 1, 2024 5:43 AM EDTWells Fargo analyst Colin Langan reiterated an Underweight rating and $125.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "We have an Underweight rating on TSLA. We see moderating delivery growth driven by lower demand & diminished return on price cuts. We estimate auto gross margin ex credits fall by ~130bps y/y given... More

