Jefferies sees S&P 500 fair value at 4900 but doesn’t rule out a move to 5400

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NVIDIA (NVDA) stock target raised at UBS ahead of earnings

April 30, 2024 7:08 AM EDT

(Updated - April 30, 2024 7:22 AM EDT)

UBS raised its price target for NVIDIA (NASDAQ: NVDA) to $1,150 from $1,100 in a note Tuesday, maintaining a Buy rating on the stock ahead of the company's next earnings release on May 22.

The bank cited strong... More

NVIDIA (NVDA) PT Raised to $1,150 at UBS

April 30, 2024 6:01 AM EDT

UBS analyst Timothy Arcuri raised the price target on NVIDIA (NASDAQ: NVDA) to $1,150.00 (from $1,100.00) while maintaining a Buy rating.

The analyst comments "Blackwell shipment timing remains December (we think) which could result in a patch of slower growth in Oct Q in particular, but we also believe a significant mitigating factor is that Hopper demand remains much stronger than... More

Recent checks indicate demand for NVIDIA's (NVDA) H20 chips in China - Jefferies

April 29, 2024 9:23 AM EDT

According to Jefferies' industry checks, demand for NVIDIA's (NASDAQ: NVDA) H20 chips in China is strong, as Internet companies still prefer to use NVDA's ecosystem.

The investment firm said in a note this week that the demand is mainly strong from... More

A major bond expert says bond yields may be finally peaking

April 29, 2024 8:55 AM EDT

The global head of fixed income research at HSBC discussed whether bond yields are peaking in a note on Monday, stating that we are watching the formation of a third peak for yields in the last 18 months.

Steven Major told investors that a triple top has formed, although the two previous occasions did... More

Morgan Stanley explains why stocks aren't reacting to the high earnings beat rate

April 29, 2024 6:31 AM EDT

Despite earnings consistently surpassing earnings expectations, there have been muted price reactions in stocks, prompting analysts at Morgan Stanley to explore the underlying factors contributing to this apparent discrepancy in a note Monday.

The investment bank stated that unpredictable data and tough rate comparisons are challenging multiples in the near term.

"1Q earnings season has delivered a high beat rate with muted price reactions," said the bank in its... More