Investment strategy
Here are Tuesday’s biggest analyst calls of the day: Tesla, Dish, Nio, Zoom, Rivian, Imax & more
Here are Tuesday’s biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said in a note Tuesday that China lockdowns remain a production headwind for Tesla , but that a rebound could happen later this year. “Gigafactory Shanghai Partial Lockdown a Near-Term Headwind, Though Potentially Stronger SepQ/DecQ Rebound. … That said, we believe […]
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As employers call workers back to the office, some AAPI women are on edge
An attendee identified as Emily, left, holds a candle during a candlelight vigil for Michelle Go at Portsmouth Square in San Francisco, Calif. Tuesday, Jan. 18, 2022. Stephen Lam | Getty Images Sometime after Deloitte consultant Michelle Go was shoved to her death underneath a moving R train in January, another New York City resident […]
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5 things to know before the stock market opens Tuesday
1. S&P 500 futures are lower after snapping long losing streak Traders on the NYSE, May 20, 2022. Source: NYSE S&P 500 futures were lower Tuesday morning, as Wall Street resumes trading following the Memorial Day holiday. Stocks posted strong gains last week, ending seven-week losing streaks for the S&P 500 and Nasdaq Composite and […]
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This electric vehicle stock is poised for a comeback as China lockdowns ease, Morgan Stanley says
Shutdowns in China have hit Nio hard, but the electric vehicle maker is ready for a rebound which could come as soon as the next 15 days, according to Morgan Stanley. China’s Covid lockdowns pummeled the electric automaker in recent months, shutting down production, suppressing vehicle sales, and delaying the launch of new models. However, […]
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Morgan Stanley downgrades American Eagle, sees big discounts ahead for the retailer
Shares of American Eagle Outfitters have cratered 48.3% this year, and further downside is in store, according to Morgan Stanley. Analyst Kimberly Greenberger downgraded the retail stock to underweight from equal weight, citing risks to margins and sales. Greenberger also slashed her price target on American Eagle to $8 per share from $22, implying downside […]
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Daiwa double upgrades Zoom, says market retreat presents a good entry point
The recent market sell-off that’s hard-hit the technology sector offers a “good entry point” for shares of Zoom Video , Daiwa Capital Markets said. Analyst Stephen Bersey double upgraded the popular stay-at-home beneficiary to outperform from underperform, saying in a Friday note to clients that the recent pullback in tech presents an excellent opportunity to […]
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Unilever names activist investor Nelson Peltz to board
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Unilever named Nelson Peltz as a board member on Tuesday, as it engages in talks about strategy with the American activist investor who now holds a roughly 1.5% stake in the consumer goods giant. London-listed […]
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Indian and Chinese stock markets could grow fourfold by 2050, Abrdn CEO says
A guard walks past the National Stock Exchange building in Mumbai, India, on February 9, 2018. Danish Siddiqui | Reuters Indian and Chinese stock market capitalization may grow fourfold by 2050 as Asia turns from “laggard to leader” in the climate transition, according to Abrdn CEO Stephen Bird. In a letter seen by CNBC marking […]
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Investment banks pick their top stocks to buy in the ‘beaten down’ tech sector
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now — with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America . “Tech is facing […]
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S&P 500 futures rise following last week’s bounce
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE S&P 500 futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures gained 21 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.7%, respectively. The U.S. stock market didn’t […]
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