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Yandex (NASDAQ:YNDX)’s share price hit a new 52-week low during trading on Tuesday after Citigroup lowered their price target on the stock from $90.00 to $75.00. The company traded as low as $48.76 and last traded at $49.48, with a volume of 75828 shares. The stock had previously closed at $52.34. A number of other equities research analysts have also recently commented on the company. HSBC raised Yandex from a “hold” rating to a “buy” rating and raised their price target for the company… Source link

The Department of Veterans Affairs (VA) signed a $13 million contract with Google Cloud to help developers create new apps and tools to improve veterans’ access to VA services and data.   The partnership will enable the VA to scale its Lighthouse API program, which provides access to VA application programming interfaces (APIs) to develop new apps and other data tools, according to the department. Serving more than 19 million veterans and their families, the VA is the largest healthcare… Source link

After seeing a brutal reception on public exchanges post IPO in 2021, Bank of America strategists think it’s time to strike on a few unloved market newbies. “Fundamentals remain intact for many of the 2021 IPOs,” says BofA strategists Jill Carey Hall and Thomas Thornton.  The strategists listed 16 companies with an average market cap of $1.22 billion where they believe the fundamentals — notably revenue outlooks — continue to be favorable and perhaps disconnected from their current… Source link

Activision Blizzard (ATVI) shares closed 25% higher on Tuesday after Microsoft (MSFT) announced it will acquire the video game publisher for $95 per share. The deal, valued at $68.7 billion is Microsoft’s largest takeover ever.  When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent (TCEHY) and Sony (SONY), according to the tech giant. The deal illustrates another consolidation move within the gaming industry — and massive bet… Source link

Byron Allen, Founder, Chairman and CEO of Entertainment Studios and Allen Media Group, speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S., October 19, 2021. REUTERS/David Swanson Register now for FREE unlimited access to Reuters.com Register Jan 18 (Reuters) – Media entrepreneur Byron Allen’s Allen Media Group (AMG) struck a multi-year deal with Google Cloud on Tuesday, through which the Alphabet Inc-owned (GOOGL.O) company will provide cloud services to… Source link

It’s time to load up on shares of Apple (AAPL) after the stock’s less than joyous start to 2022, argues Deutsche Bank.  “Considering a healthy demand backdrop and Apple’s strong product portfolio across its product lines, we believe the Street estimate for CY22 revenue growth of only +5% (vs. Deutsche Bank estimate of +9%) is too low with the push-out of some revenue from calendar year 2021 already accounting for ~3 percentage points of growth, and we therefore believe there is an upward… Source link

The Green Bay Packers’ Super Bowl odds improved over Wild Card Weekend even though they didn’t play at all. The Packers remain the Super Bowl favorite at BetMGM entering the Divisional round. The NFC’s No. 1 seed entered the playoffs at +400 to win the Super Bowl and is now at +375 ahead of a matchup against the San Francisco 49ers on Saturday. If Green Bay beats San Francisco (+1000) it will host the winner of the Los Angeles Rams and Tampa Bay Buccaneers in the NFC Championship… Source link

Yandex (NASDAQ:YNDX) had its price objective dropped by analysts at Citigroup from $90.00 to $75.00 in a note issued to investors on Tuesday, The Fly reports. Citigroup’s price objective would indicate a potential upside of 43.29% from the company’s previous close. Several other research firms have also issued reports on YNDX. Zacks Investment Research upgraded shares of Yandex from a “strong sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Friday,… Source link

U.S. stock futures fell sharply Tuesday morning as investors geared up for a holiday-shortened week rife with quarterly earnings reports from companies across all three major indexes. Contracts on the tech-heavy Nasdaq plunged in early trading, shedding 1.82% to 15,311.75 as Wall Street continued to weigh the likelihood of imminent interest rate hikes. Futures on the Dow Jones Industrial Average also edged lower, down about 0.73%, or 263 points in early trading, while the S&P 500 declined… Source link

With the Federal Reserve now widely expected to jack up interest rates in March to beat back rampant inflation, investors in the stock market should buckle up for a more muted few months of returns, says Goldman Sachs chief U.S. equity strategist David Kostin.  The S&P 500 has been “resilient” around the start of Fed hiking cycles in the past, Kostin notes. But one could interpret that resiliency Kostin speaks of in different ways.  The first is that the stock market didn’t fall off a cliff… Source link