Futures rebound, Walt Disney, BOJ - what's moving markets

CFRA Upgrades Sony (SONY) to Buy

CFRA analyst Hazim Bahari upgraded Sony (NYSE: SONY) from Hold to Buy with a price target of $102.00 (from $88.00).

The analyst comments "Sony's Q1 FY 25 (Mar.) results came in within our expectations with net profit +6% to JPY231 bln on revenue +2% to JPY3.0 tln.... More

UBS analysts say this stock is highly resistant to macro-economic weakness

Analysts at UBS highlighted a. consumer electronics giant as one name that is proving to be highly resilient in the face of macro-economic challenges.

According to UBS analysts, Sony Group's (NYSE: SONY) Q1 operating profit of ¥279.1 billion was in line with expectations, narrowly beating consensus forecasts of ¥272.3 billion.

They state that the strength of Sony's games business was... More

CVS Health (CVS) PT Lowered to $63 at Deutsche Bank

Deutsche Bank analyst George Hill lowered the price target on CVS Health (NYSE: CVS) to $63.00 (from $64.00) while maintaining a Hold rating.

The analyst comments "The Tumult Reaches a New High, as Guidance Reaches a New Low: CVS reported Q2 results and provided an updated earnings outlook with a... More

Walt Disney (DIS) PT Lowered to $120 at BofA Securities

BofA Securities analyst Jessica Ehrlich lowered the price target on Walt Disney (NYSE: DIS) to $120.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating but lower our PO to $120 from (from $145 previously). Our new PO reflects... More

Shopify (SHOP) PT Lowered to $90 at Citi

Citi analyst Tyler Radke lowered the price target on Shopify (NYSE: SHOP) to $90.00 (from $97.00) while maintaining a Buy rating.

The analyst comments "We remain buyers of SHOP following a very strong 2Q which assuaged investor concerns on the top-line and bottom line. Against a... More

Shopify (SHOP) PT Raised to $85 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the price target on Shopify (NYSE: SHOP) to $85.00 (from $80.00) while maintaining a Overweight rating.

The analyst comments "Growth initiatives across Enterprise, POS & International enable Shopify to exceed top-line expectations despite an uneven macro. At the same time,... More

SMCI earnings: Here's how analysts reacted

Super Micro Computer (NASDAQ: SMCI) reported its latest quarterly earnings after the close on Tuesday, with its shares falling more than 14% in premarket trading in reaction to the report.

While the company showed robust revenue guidance, it struggled with gross margins, leading to mixed outlooks on its performance and future prospects.

Here's how Wall Street analysts reacted:

Rosenblatt highlighted that SMCI delivered "inline sales for the June quarter but missed earnings due to GM pressure from a more considerable liquid cooling uptick, hyperscale mix, and... More

Disney stock falls: Sees softening demand in experiences segment

(Updated - August 7, 2024 9:56 AM EDT)

Walt Disney (NYSE: DIS) reported third-quarter earnings that surpassed analyst expectations, driven by strong performance in its Entertainment segment. However, shares fell more than 3% as the company warned of softening demand in its Experiences segment.

The stock was also pressured after it was reported that Disney and Comcast are still locked in a dispute... More

CVS Health (CVS) cuts full-year EPS guidance on continued pressure in the health care benefits unit

(Updated - August 7, 2024 9:56 AM EDT)

CVS Health (NYSE: CVS) reported second-quarter earnings that beat analyst expectations, but shares fell by more than 2% as the company cut its full-year guidance, citing continued pressure in its Health Care Benefits segment.

The healthcare giant reported adjusted earnings per share (EPS) of $1.83 for Q2, surpassing the analyst estimate of $1.73. However, revenue came in at $91.2 billion, slightly below the consensus estimate of $91.43 billion, though it represented a 2.6% increase YoY.

CVS Health revised its full-year 2024 adjusted EPS guidance to a range of $6.40 to $6.65, down from its... More

Airbnb Inc. (ABNB) PT Lowered to $120 at RBC Capital

RBC Capital analyst Brad Erickson lowered the price target on Airbnb Inc. (NASDAQ: ABNB) to $120.00 (from $150.00) while maintaining a Sector Perform rating.

The analyst comments "ABNB's print was tough. While the company still maintains industry leading margins with a possible longer-term... More

Airbnb Inc. (ABNB) PT Lowered to $175 at Mizuho

Mizuho analyst James Lee lowered the price target on Airbnb Inc. (NASDAQ: ABNB) to $175.00 (from $200.00) while maintaining a Outperform rating.

The analyst comments "The company reported a mixed quarter with booking lead time shorter than expectations (mostly in the US), causing room... More