Wall Street
MKM downgrades Twitter after huge pop on Musk stake, warns user growth still an issue
Analysts expect Musk will “cast a long shadow” on the social media platform for the foreseeable future. Source
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Wells Fargo says buy these three fintech stocks, sees $1.5 trillion revenue opportunity
Now is a “highly opportune” time for investors to give these stocks a fresh look given their current valuations, Wells Fargo said. Source
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‘Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a […]
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Goldman names four megatrends with ‘oversold’ stocks to buy right now
Goldman Sachs Asset Management says some stocks currently offer a “hugely attractive entry point” for investors. Source
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Stock futures are flat in overnight trading after tech-led rally
Traders on the floor of the NYSE, April 4, 2022. Source: NYSE Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures on the Dow Jones Industrial Average dipped 14 points. S&P 500 futures were little changed, and Nasdaq 100 futures edged 0.1% lower. The […]
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Why Starbucks shareholders are taking the buyback suspension so hard
The coffee giant is one of the few companies that has aggressively bought back stock and succeeded in reducing their share count over the years Source
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Loop Capital downgrades Crocs, says investors should take a wait-and-see approach
Analysts downgraded Crocs to hold, saying a return to socializing could dampen sales in the comfortable footwear brand. Source
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Sell health-care stock Baxter International as headwinds mount, Goldman says
Analysts say the firm is “over-indexed” to oil prices, semiconductor shortages and other risks compared to its peers. Source
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It’s time to buy Nio shares after the Chinese electric vehicle maker’s 44% drop in past year, UBS says
Three major product launches expected this year and better brand recognition improve the outlook for the stock, UBS said. Source
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‘The best of times’ may be ahead for this discount retailer, Wells Fargo says
Improving inventory could turn this stock into a “coiled spring” for investors. Source
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