Alphabet/Tesla, Harris leads a poll, European earnings - what's moving markets

Stifel on Colgate-Palmolive Company (CL): 'Lifting Estimates on Solid 2Q with Volume, EBIT Outperformance'

Stifel analyst Mark Astrachan reiterated a Buy rating and $105.00 price target on Colgate-Palmolive Company (NYSE: CL).

The analyst comments "We lift 2024-2025 EPS estimates and maintain our Buy rating and $105 price target, 17x 2025E EBITDA, following strong 2Q24 results with sales and... More

BNP Paribas SA (BNP:FP) (BNPQY) PT Raised to EUR86 at Morgan Stanley

Morgan Stanley analyst Giulia Aurora Miotto raised the price target on BNP Paribas SA (BNP:FP) (OTC: BNPQY) to EUR86.00 (from EUR82.00) while maintaining a Equalweight rating.

The analyst comments "Capital: CET1 was a 10bps miss in the quarter, yet driven by an... More

Argus Reiterates Buy Rating on Tesla (TSLA), PT $286

Argus analyst Bill Selesky reiterated a Buy rating and $286.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Our rating on Tesla Inc. (NGS: TSLA) is BUY. Tesla is the largest EV (electric vehicle) seller in the world today and holds a significant portion of the EV market share in the United States, with about 51% of the market as of the end of 2023. Ford Motor and General Motors are also key players in this market, with Ford having a... More

Apple to assemble iPhone 16 Pro and Pro Max models in India: report

Apple (NASDAQ: AAPL) is set to significantly expand its manufacturing footprint in India by assembling its high-end iPhone 16 Pro and Pro Max models for the first time, according to a report by website Money Control on Friday.

According to the publication, citing sources, the move will come through its partner Foxconn and marks a strategic shift away from... More

Amazon will beat earnings expectations: Citi

Citi analysts project that Amazon's (NASDAQ: AMZN) second-quarter 2024 results, set to be announced on Thursday, August 1, will surpass consensus expectations for both revenue and operating income.

"We believe Amazon's 2Q24 results are likely to be better-than-consensus expectations across both revenue and Operating Income," Citi stated.

The positive outlook is driven by accelerating AWS demand and expanding profitability.

A key... More

Morgan Stanley Positive on Tesla (TSLA): 'AI infrastructure assets (reported in the Q) are booming'

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Some changes in the business mix that may be getting overlooked. Mostly recurring 'Services & Other' revenue reached 10% of total Tesla sales as the car parc approaches 7mm units. China revenues fell to the lowest in years at 18.2% of sales. AI infrastructure assets (reported in the... More

General Dynamics Corp. (GD) PT Raised to $325 at JPMorgan

JPMorgan analyst Seth Seifman raised the price target on General Dynamics Corp. (NYSE: GD) to $325.00 (from $298.00) while maintaining a Overweight rating.

The analyst comments "GDs mid-year guidance revision featured several changes, including top-line increases for Aerospace, Combat, Marine, roughly offset by lower... More

AT&T (T) PT Raised to $19 at RBC Capital

RBC Capital analyst Jon Atkin raised the price target on AT&T (NYSE: T) to $19.00 (from $18.00) while maintaining a Sector Perform rating.

The analyst comments "2Q revenue and EBITDA were in line with consensus, while FCF was ahead on capex timing. Management maintained full-year... More

AT&T (T) PT Raised to $24 at JPMorgan

JPMorgan analyst Richard Choe raised the price target on AT&T (NYSE: T) to $24.00 (from $21.00) while maintaining a Overweight rating.

The analyst comments "AT&T reported strong 2Q results highlighted by robust postpaid phone and steady fiber BB net adds. AT&T also reiterated all of its FY24 guidance. AT&T... More

Boston Scientific (BSX) PT Raised to $78 at Deutsche Bank

Deutsche Bank analyst Pito Chickering raised the price target on Boston Scientific (NYSE: BSX) to $78.00 (from $73.00) while maintaining a Hold rating.

The analyst comments "All told, Boston continues to execute at a high level, with continued portfolio shift to higher-growth segments (WAMGR has increased to HSD from LSD historically), leaving the... More

AT&T (T) PT Raised to $19 at Evercore ISI

Evercore ISI analyst Vijay Jayant raised the price target on AT&T (NYSE: T) to $19.00 (from $18.00) while maintaining a In Line rating.

The analyst comments "Looking ahead, while the back-half is somewhat of a wildcard given the new AI iPhone... More

Goldman Sachs on Apple (AAPL): 'US wireless carrier commentary mixed on iPhone upgrade outlook'

Goldman Sachs analyst Michael Ng reiterated a Buy rating and $265.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "US wireless carrier commentary on the iPhone upgrade cycle is neutral to positive for iPhone demand and Apple (AAPL, Buy). First, US post-paid upgrade rates are at record-lows, which in our view should normalize higher in... More

General Dynamics Corp. (GD) PT Raised to $331 at Citi

Citi analyst Jason Gursky raised the price target on General Dynamics Corp. (NYSE: GD) to $331.00 (from $320.00) while maintaining a Buy rating.

The analyst comments "2Q EPS missed consensus estimates by 1% on the slip of four G700 deliveries into 3Q while full-year guidance... More

Boston Scientific (BSX) PT Raised to $90 at Jefferies

Jefferies analyst Matthew Taylor raised the price target on Boston Scientific (NYSE: BSX) to $90.00 (from $82.00) while maintaining a Buy rating.

The analyst comments "BSX reported 2Q24 sales of $4.12B, +14.7% organic, vs cons $4.02B and EPS of $0.62 +17%. vs cons $0.58. BSX increased '24 guidance to... More

Piper Sandler Comments on Tesla (TSLA) 10Q: 'We're not sure why, but warranty expense totaled 4.1% of revenue in 2Q24'

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "TSLA published its 10Q earlier than expected and, as a result, we had the opportunity to dig deeper on automotive gross margin,... More

BTIG Reiterates Buy Rating on Boston Scientific (BSX)

BTIG analyst Marie Thibault reiterated a Buy rating and $84.00 price target on Boston Scientific (NYSE: BSX).

The analyst comments "This was another impressive quarter from Boston Scientific. Yet with the stock seemingly priced for perfection, shares traded off on Wednesday morning as a beat was widely anticipated and investors focused on whether the strong growth can be sustained beyond the Farapulse launch. BSX reported Q2 revenue of $4.120B (+14.5% y/y rep., +14.7% y/y org.) and adj. EPS of $0.62 (consensus $4.021B and $0.58), besting its guidance of +10.5-12.5% y/y reported sales growth,... More

Boston Scientific (BSX) PT Raised to $82 at Evercore ISI

Evercore ISI analyst Vijay Kumar raised the price target on Boston Scientific (NYSE: BSX) to $82.00 (from $81.00) while maintaining a Outperform rating.

The analyst comments "Thesis Update: BSX reported an overall organic growth of ~14.7% and EPS growth of ~16%...while these are numbers that any company can be proud of, BSX shares are down -3% as we write this. We would notch the share reaction to the expectations game, which seems a little odd to us given that consensus trades have worked so far (ISRG up DD on hitting buyside expecs for systems).... More

General Dynamics Corp. (GD) PT Lowered to $325 at CFRA

CFRA analyst Stewart Glickman lowered the price target on General Dynamics Corp. (NYSE: GD) to $325.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "We lower our 12-month target by $5 to $325, based on a '25 P/E of 19.5x, above GD's historical... More

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

New Street Research Downgrades Tesla (TSLA) to Neutral, PT $225, 'We see limited (and unreliable) valuation upside'

New Street Research analyst Pierre Ferragu downgraded Tesla (NASDAQ: TSLA) from Buy to Neutral with a price target of $225.00.

The analyst comments "Deliveries recovered at a cost, increasing by 15% QoQ, but with gross margins, ex. credits & leasing, down 1.7pts. Volume increase and cost reductions offset... 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

Citi Reiterates Buy Rating on Boston Scientific (BSX), Top Pick

Citi analyst Joanna Wuensch reiterated a Buy rating and $90.00 price target on Boston Scientific (NYSE: BSX).

The analyst comments "BSX delivered a strong 2Q24 results ahead of expectations with revenue of $4.12B (up 14.7% organic, ahead of consensuss $4.02B). The beat was broad based,... More

Loop Capital Reiterates Hold Rating on Alphabet (GOOGL)

Loop Capital analyst Alan Gould reiterated a Hold rating and $170.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "Google reported solid 2Q results with upside in Search, momentum in Cloud, softness at YouTube ads and a surprisingly large miss from Network ads.... 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

Rosenblatt Reiterates Neutral Rating on Alphabet (GOOGL)

Rosenblatt analyst Barton Crockett reiterated a Neutral rating and $181.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We downgraded Alphabet to NEUTRAL on 6/28, seeing multiple areas of transition risk. 2Q24 eased concerns of transitional revenue risk from the ramp of AI... 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

AT&T misses Q2 revenue expectations, EPS in-line

AT&T (NYSE: T) has reported its second-quarter earnings, matching analyst expectations with an adjusted EPS of $0.57.

However, the company's revenue slightly missed the mark at $29.8 billion against the consensus estimate of $29.98 billion.

Despite the revenue shortfall, the telecommunications giant's stock rose by over 4%, indicating investor confidence in the company's consistent performance and future outlook.

The company's second-quarter revenue saw a marginal decline of 0.4% compared to the same... More

RBC Capital Reiterates Sector Perform Rating on Colgate-Palmolive Company (CL)

RBC Capital analyst Nik Modi reiterated a Sector Perform rating and $95.00 price target on Colgate-Palmolive Company (NYSE: CL).

The analyst comments "Overall, we expect a solid quarter for CL and acknowledge CLs topline momentum, international share gains and improving US trends. Mgmt. has... More

Jefferies Reiterates Hold Rating on Tesla (TSLA)

Jefferies analyst Philippe Houchois reiterated a Hold rating and $165.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Q2 results mostly confirmed the growing importance of storage (16% of gross profit) and a return to +ve FCF ($1.3bn) on modest WC reversal and... More

Baird Reiterates Outperform Rating on Tesla (TSLA)

Baird analyst Ben Kallo reiterated an Outperform rating and $260.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Reiterate Outperform rating. Short-term weakness in auto margins (ex-credits) and bottom-line miss (due largely to higher opex and restructuring) will weigh on the... 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

UBS Reiterates Sell Rating on Tesla (TSLA)

UBS analyst Joseph Spak reiterated a Sell rating and $197.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "TSLA is being priced on future optionality TSLA is not being priced on auto (or arguably even Energy) but autonomy and AI. TSLA is working on AI initiatives such as robo-taxi and Optimus humanoid robots.... More

Wells Fargo Reiterates Underweight Rating on Tesla (TSLA), PT $120

Wells Fargo analyst Colin Langan reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "How do we expect the stock to trade? We expect the stock to trade down. TSLA's Q2 earnings result was low quality;... More

Apple (AAPL) PT Raised to $265 at JPMorgan

JPMorgan analyst Samik Chatterjee raised the price target on Apple (NASDAQ: AAPL) to $265.00 (from $245.00) while maintaining a Overweight rating.

The analyst comments "We are establishing a December 2025 price target of $265 relative to prior December 2024 price target of $245 heading into F3Q24 (Jun-end) earnings as we expect investors to start to pivot to looking beyond CY24, and see Apple well positioned to drive higher confidence from the upcoming earnings print relative to the shares representing a solid Edge AI play heading into the upcoming fiscal years. Specifically, we expect Apple to reassure investors that the... More