Tech weakness, Taiwan concerns, Amazon's Prime Day - what's moving markets

Needham Out Defending TSM (TSM): 'buyers on the weakness'

Needham analyst Charles Shi reiterated a Buy rating and $210.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM)

The analyst comments "

Following our quick take note published earlier this morning, we are updating our TSMC model and making some small... More

U.S. Bancorp (USB) PT Raised to $48 at RBC Capital

RBC Capital analyst Gerald Cassidy raised the price target on U.S. Bancorp (NYSE: USB) to $48.00 (from $47.00) while maintaining a Outperform rating.

The analyst comments "For the last 20 years, USB has been one of the premier banks in the U.S. by delivering... More

RBC Capital Reiterates Outperform Rating on Johnson & Johnson (JNJ)

RBC Capital analyst Shagun Singh reiterated an Outperform rating and $175.00 price target on Johnson & Johnson (NYSE: JNJ).

The analyst comments "JNJ's stock traded higher (+3.7%) post-Q2'24 beat. It maintained its FY24 adjusted operational sales growth outlook but lowered adjusted EPS to reflect M&A-related... More

U.S. Bancorp (USB) PT Raised to $53 at BofA Securities

BofA Securities analyst Erika Najarian raised the price target on U.S. Bancorp (NYSE: USB) to $53.00 (from $49.00) while maintaining a Buy rating.

The analyst comments "USB shares outperformed peers by ~400bp after reporting 2Q24 core EPS of $0.98, beating our/cons. $0.96/$0.93 ests. Beat vs... More

U.S. Bancorp (USB) PT Raised to $49 at DA Davidson

DA Davidson analyst Peter Winter raised the price target on U.S. Bancorp (NYSE: USB) to $49.00 (from $44.00) while maintaining a Neutral rating.

The analyst comments "Net interest income hit an inflection, as it increased 0.9% Q/Q in 2Q24, plus the outlook is... More

Wolfe Research Defending ASML Holding NV (ASML:NA) (ASML): 'our first reaction is to buy this morning's pullback'

Wolfe Research analyst Chris Caso reiterated an Outperform rating and EUR1,050.00 price target on ASML Holding NV (ASML:NA) (NASDAQ: ASML).

The analyst comments "ASML posted solid 2Q bookings and maintained full year CY24 guidance, which we think sets up for a strong 2H24 and CY 25. The stock is however down on the report, we think for two reasons. One is that 3Q rev guide came in slightly below consensus (7bn at... More

Johnson & Johnson (JNJ) gains as Q2 earnings, revenue beat estimates

Johnson & Johnson (NYSE: JNJ) reported a robust second quarter, with both earnings and revenue surpassing Wall Street estimates.

The healthcare giant posted adjusted earnings per share (EPS) of $2.82, exceeding analyst predictions by $0.10, and a revenue of $22.45 billion, also topping the consensus estimate of $22.34 billion.

This performance represents a 4.3% increase in reported sales growth, with an operational growth of 6.6%.

The company's stock responded positively to the news, with shares rising 2.1% as investors reacted favorably... More

Amazon.com (AMZN) PT Raised to $210 at Needham, 'Twitch Deep Dive: AMZN's $46B Hidden Gem'

Needham analyst Bernie McTernan raised the price target on Amazon.com (NASDAQ: AMZN) to $210.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "Our AMZN investment thesis is that: a) it is a Services company with rapidly expanding margins, and a... More