Biden/Harris, Nvidia's chips, Chinese rate cut - what's moving markets

Citi Reiterates Buy Rating on NVIDIA (NVDA)

Citi analyst Atif Malik reiterated a Buy rating and $150.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA announced yesterday the launch of a new NVIDIA AI Foundry service combined with NVIDIA NIM inference microservices to supercharge generative AI for... More

Canaccord Genuity Reiterates Buy Rating on Tesla (TSLA)

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $254.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Teslas 2Q24 earnings results were mostly uneventful after the delivery announcement earlier this month. Yes, auto gross margins were weaker than expected but were likely impacted by $622M in restructuring costs. We were also looking for meaningful metrics and color around FSD take rates after recent price... More

MoffettNathanson Reiterates Buy Rating on Alphabet (GOOGL)

MoffettNathanson analyst Michael Nathanson reiterated a Buy rating and $205.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We think that the market is making an error in two places. First, not all search activity is alike there are commercial searches... More

Goldman Sachs Reiterates Buy Rating on Alphabet (GOOGL)

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and $211.00 price target on Alphabet (NASDAQ: GOOGL)

The analyst comments "We expect the market to have a muted reaction to Alphabets Q224 earnings report upon our first read/analysis of the results. In terms of upside, we would point to Search & Other revenue (against persistent investor fears of disruption and/or macroeconomic headwinds), Google Cloud revenue, Services Operating Income margin and... More

JPMorgan Reiterates Underweight Rating on Tesla (TSLA)

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $115.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "2Q automotive adjusted gross margin and free cash flow also tracked softer, implying negative earnings revision risk. Also pointing to the trend in softer underlying results indicating the risk of... More

Roth/MKM Reiterates Neutral Rating on Tesla (TSLA), PT $85, 'CyberCab Outlook for a Steering Wheel is Bearish for the Stock

Roth/MKM analyst Craig Irwin reiterated a Neutral rating and $85.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Tesla's missed adj-EPS consensus by ($0.10) and adj-auto gross margins by (200 bps). This likely refocuses investors on sustained headwinds from vehicle discounting necessary to drive... More

Morgan Stanley Downgrades General Motors (GM) to Equalweight

Morgan Stanley analyst Adam Jonas downgraded General Motors (NYSE: GM) from Overweight to Equalweight with a price target of $47.00 (from $46.00).

The analyst comments "GM's fundamental improvements in capital discipline have not been ignored by the stock market. During the UAW strike of... More

Stifel Reiterates Buy Rating on Tesla (TSLA)

Stifel analyst Stephen Gengaro reiterated a Buy rating and $265.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "TSLA's 2Q24 release is a mixed bag and could weigh on the shares following the recent strength. Bears will likely focus on: 1) Auto... More

General Motors (GM) PT Raised to $61 at JPMorgan

JPMorgan analyst Ryan Brinkman raised the price target on General Motors (NYSE: GM) to $61.00 (from $60.00) while maintaining a Overweight rating.

The analyst comments "We are reiterating our Overweight rating on GM shares after the automaker reported strongly better 2Q results Tuesday, which along with GMs strongly better than expected 2024 outlook introduced in January, strongly better than expected 1Q beat, unexpected guidance increase at the time of 1Q24 earnings, and unexpected second raise to full-year 2024 guidance today in as many quarters reveal GMs $10 bn accelerated share repurchase program announced last October and subsequent follow-on... More

General Motors (GM) PT Raised to $54 at Mizuho

Mizuho analyst Vijay Rakesh raised the price target on General Motors (NYSE: GM) to $54.00 (from $52.00) while maintaining a Outperform rating.

The analyst comments "Slowing EV Ramps with EV Trucks and Regulations - Still Up Q/Q, Focus on ICE GM noting EVs getting... More

RBC Capital Reiterates Sector Perform Rating on Verizon Communications (VZ)

RBC Capital analyst Kutgun Maral reiterated a Sector Perform rating and $42.00 price target on Verizon Communications (NYSE: VZ).

The analyst comments "2Q revenues and EBITDA were in line with consensus, while FCF delivered a beat on the timing of capex. However, postpaid... More

Wedbush says Google search strength continues, raises estimates ahead results

Alphabet (NASDAQ: GOOGL) is set to report its second-quarter 2024 results on Tuesday, July 23, and Wedbush analysts are optimistic about the company's performance.

"We think the setup remains positive heading into 2Q results," they noted, emphasizing strong indicators from their ad survey and agency feedback that suggest continued robustness in Google Search.

In light of this, Wedbush has increased its Google... More

Musk says Tesla will have humanoid robots for internal use in 2025

Electric vehicle giant Tesla (NASDAQ: TSLA) plans to introduce humanoid robots in "low production" for internal use by next year, CEO Elon Musk said on Monday.

Musk indicated that the robots, known as Optimus, would "hopefully" enter high production for external... More

RBC Capital Previews Tesla (TSLA) Earnings: 'Q2 print will likely be a tough call for investors given all the moving parts'

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $227.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla's Q2 print will likely be a tough call for investors given all the moving parts. Clearly, many want to own the... More