Breaking News: Investing
Take-Two Interactive can surge 40% as video game maker clears near-term hurdles, Goldman Sachs says
Take-Two Interactive Software could be a big winner going forward as it overcomes some near-term challenges pressuring the video game industry, according to Goldman Sachs. Analyst Eric Sheridan upgraded shares of Take-Two Interactive Software to buy from neutral, saying the stocks recent drop could represent a buying opportunity for investors. “While the gaming industry continues […]
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Pinterest can surge 25% as user engagement and monetization improve, Goldman says in upgrade
Shares of Pinterest can jump 25% from here as the social media company improves user growth and monetization on its platform, according to Goldman Sachs. Analyst Eric Sheridan upgraded shares of Pinterest to buy from neutral, saying he came away from a recent meeting with senior Pinterest management with increased confidence. Sheridan also hiked his […]
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Goldman analysts predict these stocks have the most to gain, including 4 that will double
As Wall Street rebounds to start a new quarter, Goldman Sachs analysts searched for stocks that have the most to gain from here. The Dow Jones Industrial Average kicked off October with its best day since June after jumping more than 700 points on Monday. The S & P 500 advanced about 2.6%, while the […]
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Uber shares can double from here on ride-share bookings growth, Morgan Stanley says
Uber ‘s stock can double as the company heads down a path toward multiyear earnings growth, according to Morgan Stanley. Analyst Brian Nowak maintained an overweight rating on Uber, saying the ride-share company’s cost structure could drive growth from here. “We analyze user/frequency/pricing growth of UBER’s top 10% of users (using UBER 25 times/month) and […]
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Wall Street analysts are divided after Tesla’s third-quarter deliveries miss
Wall Street analysts were divided on electric vehicle maker Tesla after it posted its latest production and delivery numbers. Shares of Tesla were down 4.3% in Monday premarket trading after the company posted third-quarter vehicle production and delivery figures for 2022 that missed on deliveries expectations. Tesla reported deliveries of 343,000 vehicles, less than a […]
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Credit Suisse divides Wall Street as JPMorgan calls bank’s capital ‘healthy’ while others have doubts
The fast-moving situation at embattled bank Credit Suisse has divided Wall Street’s analyst community. Based on the company’s financials at the end of the second quarter, both its capital levels and liquidity position look “healthy,” according to JPMorgan Chase European banking analyst Kian Abouhossein. The bank’s common equity Tier 1 capital, a key measure tied […]
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Argus downgrades Nike to hold, says overstocked inventory will continue to weigh on retailer
Expect more near-term challenges for Nike after it reported overstocked inventory levels, according to Argus. Analyst John Staszak downgraded shares of Nike to hold from buy, and lowered estimates, citing the sports apparel giant’s most recent quarterly earnings results. Shares dropped more than 10% Friday after Nike reported inventory rose by 44% to $9.7 billion […]
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Sell Roblox as gaming stock can fall further from here, MoffettNathanson says
It’s time to sell shares of Roblox as they have even further to fall after cratering 65% this year, according to MoffettNathanson. Analyst Clay Griffin initiated coverage of Roblox with an underperform rating, saying it’s too soon to say whether the gaming platform will ever meet its metaverse ambitions. “In a market looking for less […]
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‘The Fed is breaking things’ – Here’s what has Wall Avenue on edge as risks rise all over the world
Important Factors Markets entered a perilous new period in the earlier 7 days, just one in which statistically unconventional moves throughout asset courses are turning out to be commonplace. Surging volatility in what are meant to be among the safest fastened income instruments in the world could disrupt the money system’s plumbing, according to Mark […]
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Ken Griffin suggests Fed has not performed plenty of, should keep on on its route to reset inflation anticipations
Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has far more perform to do to deliver down inflation even following a series of big amount hikes. “We ought to keep on on the route that we are on to guarantee that we reanchor inflation expectations,” Griffin explained at CNBC’s Delivering Alpha Investor Summit […]
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