Tag Archives: analyst

Spotify (SPOT) surged on the heels of its Q2 earnings report with shares climbing more than 13% on Wednesday after the company reported a beat on both revenue and monthly active users. But one analyst says the stock surge was an “overreaction” given the platform’s profitability struggles. “While we believe there remains material user growth left for Spotify we highlight that many investors question whether Spotify will ever be able to generate significant lasting profitability,” Pivotal… Source link

Though a recent tech rout has led to widespread pessimism about the sector, long-term investors should still be considering Big Tech names like Amazon (AMZN), according to Jefferies Senior Research Analyst Brent Thill (video above). “Look, tech is at a discount right now,” he told Yahoo Finance. “It’s not the space where people want to be; they want to be in other sectors… I do think ultimately the opportunity is to tuck this away for three years, and you’re going to be pretty happy three… Source link

Walmart’s second earnings warning of 2022 says a great deal about the financial stresses U.S. consumers are increasingly seeing amid sky-high inflation, a bear market in stocks, and lofty gas prices. The world’s largest retailer slashed its second-quarter and full-year profit outlooks late Monday owing to rampant inflation and a consumer retrenchment for discretionary items such as apparel. Walmart now sees full-year earnings tanking 11% to 13% compared to a prior estimate for a 1% drop. “This… Source link

Snap’s stock crash on Friday after a dismal second-quarter earnings report and brutal call is well warranted, one analyst explained to Yahoo Finance. “I feel like the company is going through a near-death experience,” MKM Partners Analyst Rohit Kulkarni said on Yahoo Finance Live (video above). “It’s macroeconomic, Apple and TikTok on top of that customer concentration.” Despite an awful first quarter that did its part to reset investor growth expectations in the current environment, Snap’s… Source link

Elon Musk “doesn’t have a leg to stand on” in what could become a long courtroom battle with Twitter (TWRT), says one veteran stock analyst. “After a careful reading of Twitter’s lawsuit against Elon Musk, we flipped our view. We were formally skeptical about Twitter, now we’re skeptical about Elon’s position,” Barton Crockett of Rosenblatt Securities told Yahoo Finance Live. Twitter filed a suit in Delaware against Musk earlier this week after the CEO of Tesla (TSLA) Source link

Gas prices have come off their highs, but relief at the pump may be short-lived, says one analyst. “For the moment, we’re going to see the lowest prices we’e seen since May,” Tom Kloza, OPIS global head of energy told Yahoo Finance Live. “Unfortunately, I think we’re going to see prices rally after they find a bottom in the first half of July.” Prices at the pump have decreased to a national average of $4.68 per gallon, after topping $5 last month. Oil prices have been under… Source link

Text size Both advertising-related businesses would remain as part of Alphabet, Google’s parent company, the Journal reported. Photograph by Gabriel Bouys/AFP/Getty Images … Source link

Average annual percentage rates (APR) for new credit cards have reached a record high. The average bank card borrowing rate in America in June rose to around 20%, revealing a steep increase of about 6% compared to the pre-pandemic average credit card rate of 14.87% in 2019. “Credit card interest rates are basically the highest they’ve ever been. I’ve been watching credit card rates on a monthly basis for more than a decade now. And it’s the highest that they’ve been since I’ve… Source link

Netflix (NFLX) might be the number one streaming service on the market — but that’s not always a good thing, at least according to a new note from Bank of America (BAC). The big bank, which slashed its price target on the stock from $240 a share to $196, surveyed over 1,200 U.S. adults to better understand Netflix’s position amid the competitive streaming landscape. According to the survey, Netflix remains the top most-subscribed-to service, capturing 79% of total respondents. Amazon Prime ( Source link

The brutal 2022 for stocks amid rising interest rates and soaring inflation has been particularly rough for technology-based growth stocks, and that could be an opportunity for longer term investors. “Every rally we’ve seen in tech has been met with harder selling in a lower low,” Jefferies Equity Research Analyst Brent Thill told Yahoo Finance (video above). “Right now, it feels pretty, pretty awful, which is a great sign.” For investors with a three- to five-year window, he added, now is a… Source link