Tag Archives: analyst

Gasoline prices remain above an average of $5/gallon nationally, according to AAA data, and energy experts still do not see any relief in sight. “We’re likely to get record highs on U.S. regular gasoline this summer, when demand typically peaks,” Stewart Glickman, energy equity analyst at CFRA Research, told Yahoo Finance. “Best guess, we peak around $5.50/gallon during the summer.” Citing refining capacity, he added: “If we’re going to get US gasoline prices to fall, it’s… Source link

The general read from Wall Street in the wake of Target’s surprise warning on Tuesday is that things can’t get much worse from here. “While this news is painful to digest, we are hopeful that this is a rip the bandaid off type event that will allow the company to operate more efficiently in the second half and beyond,” RBC Capital Markets analyst Steven Shemesh wrote in a new note to clients. “We expect investors to tread with caution near-term, but believe this decision ultimately makes the… Source link

Gas prices hit record highs on Friday, as consumers are grappling with soaring inflation. With oil prices still well above $100 per barrel, drivers are unlikely to see much relief at the pump for now. “May is usually when the futures market in gasoline tends to peak. But this May has brought particular mayhem, if you will.” Tom Kloza, OPIS head of energy analysis, told Yahoo Finance. The continuation of the Russian invasion of Ukraine is expected to keep oil prices high, he said. “I think… Source link

Tom Brady is still playing for the Tampa Bay Buccaneers, but he’s already got a job lined up when he decides to hang up his helmet. During an earnings call on Tuesday, Fox CEO Lachlan Murdoch announced that Brady will be joining Fox Sports when he retires, taking the role of lead NFL analyst. He’ll be calling games with Kevin Burkhardt, who is replacing Joe Buck this season after Buck and his broadcast partner Troy Aikman left for ESPN earlier this year. With Burkhardt in the Buck seat, Brady… Source link

The oil market is undergoing a serious production problem, warns one analyst, even as prices retreat temporarily amid Covid lockdowns in China. “From the long term, something far more serious is going on — and that is what’s going on in Russia,” Dan Dicker, founder of The Energy Word told Yahoo Finance Live. “The energy companies, Exxon (XOM), Total (TTE), BP (BP), leaving Russia, stranding assets in Russia. What we’ve seen is that production in Russia is down more than a million barrels in… Source link

Ford (F) recently began production of its highly anticipated F-150 Lightning electric pickup truck on Tuesday. The automaker announced that it has already secured 200,000 reservations for the Lightning from customers. Amid the hot demand for electric trucks, Bank of America (BAC) Head of U.S. Autos Research John Murphy says that many people who are buying electric pickup trucks are actually first-time truck buyers. “The really intriguing thing about what’s going on with the F-150 Lightning… Source link

TikTok’s massive popularity is shaping trends among social media companies, including Snap (SNAP), which reported earnings last week, said Ygal Arounian, an analyst at Wedbush (video above). “Snap and the others are moving kind of further deeper into this creator economy world, which TikTok has done a great job capturing,” he said. “So there’s a lot of focus on creating platforms that are similar to TikTok. Copycatting TikTok is a big trend right now.” Snap’s earnings were mixed…. Source link

As the earnings season gets underway, all eyes are on companies’ performance as markets will be gauging how big names across various sectors have been navigating inflation, rising interest rates, and the Russia-Ukraine war. According to Morgan Stanley (MS) Chief U.S. Equity Strategist and CIO Mike Wilson, there are two things that investors should focus on during this critical earnings season. “It’s really about, I think, two things. Number one, what did the companies guide to for 2Q and… Source link

Netflix (NFLX) is past its prime. Shares of the streaming media giant crashed nearly 40% on Wednesday as the company uncorked another disappointing quarter, sparking fresh worry on the Street about future growth potential. “I think its best days are behind it,” said Macquarie tech analyst Tim Nollen on Yahoo Finance Live. Nollen is one of the few analysts on Wall Street to downgrade Netflix shares ahead of the company’s latest results. And Nollen’s call looks to be spot on. Here’s how Netflix… Source link

GameStop Chairman Ryan Cohen has a long way to go before being mentioned in the same breath as investing legend Warren Buffett. At least that’s the hot take from top Wall Street analyst Anthony Chukumba of Loop Capital Markets, who famously dropped coverage of GameStop in early 2021 amid the meme stock frenzy. “I am not taking anything away from Ryan Cohen. He has at least three zeros in his net worth more than I do. He founded this company Chewy and sold it for a gazillion dollars. But let’s… Source link