Tech sell-off to be short lived; this is start of tech bull run: Wedbush

Morgan Stanley Calls Tesla (TSLA) a 'New Top Pick'

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

The analyst comments "We highlight a number of reasons why we make our new Top Pick in US autos: Cost cutting/restructuring has stemmed the... More

Truist Securities Reiterates Hold Rating on Tesla (TSLA)

Truist Securities analyst William Stein reiterated a Hold rating and $215.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "No better, arguably worse, than last time. In TSLA's (Hold) 1Q24 earnings call, CEO Musk told investors that they needed to understand the... More

Microsoft (MSFT) stock ain't cheap but AI story 'has barely played-out': UBS

Ahead of Microsoft's (NASDAQ: MSFT) upcoming 4Q earnings report, UBS analysts highlighted three main discussion points in a note Friday: Azure's potential upside from AI and core demand, capital expenditure trends, and the growth trajectory of Office 365.

The analysts maintained a Buy rating and $520 per share target on Microsoft, emphasizing that the company's involvement in AI is a major driver of its future growth.

"The... 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

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

Wells Fargo urges investors to 'position for the economy, not the election'

In their latest note, Wells Fargo analysts emphasized the importance of focusing on the economy rather than the volatile political landscape as the November elections approach.

Despite the recent dramatic political events, including a former president narrowly escaping an assassination attempt and the current president deciding not to seek re-election, Wells Fargo maintains that the primary concern for investors should be the economic outlook.

The analysts state, "We are focused on the economy and where it is likely... More