Tag Archives: analyst

Netflix (NFLX) is taking a beating on Wall Street. Shares of the streaming giant have cratered 52% since reaching record highs in November 2021. So far, 2022 has not aided the slump, with shares down a whopping 45% year-to-date. “The concern is the the growth outlook,” Dave Heger, Edward Jones senior equity analyst, told Yahoo Finance Live, citing the company’s disappointing subscriber outlook as a catalyst for the sell-off. In its latest earnings report, Netflix said it expects to add 7… Source link

Unlike traditional automakers, electric-vehicle (EV) maker Tesla (TSLA) can dynamically raise or lower prices at will — and it has just done that, again. For the second time in a week, Tesla is raising prices across the board for its U.S. product range encompassing the Model 3, Model Y, Model S, and Model X. Here are a few notable hikes: Model 3 Rear-Wheel-Drive, Tesla’s cheapest vehicle, went up $2,000 to nearly $47,000 Model 3 All-Wheel Drive jumped $2,500 to $54,500 The base version of… Source link

Selling a much cheaper iPhone may pay off very well financially for Apple (AAPL). “We believe the launch should be a notable tailwind for Apple, which we think could ship >35M units in the phone’s first year. At a blended average selling price of ~$450 or modestly higher given a higher base price, shipments at that volume could generate an additional ~$15-20 billion in annual revenues (approx. ~4-5% of total sales). Assuming standard product operating margins, it could contribute ~25-30… Source link

The rally in crude oil prices may have a long way to go, warns one top strategist. “It is not unfathomable for prices to rocket to $200 a barrel by summer, spur a recession and end the year closer to $50 a barrel ($200 call options have been bid). To be clear, this is not our base case, but such a scenario does not sound implausible today. Two weeks ago, such a notion would have been ludicrous. Brent traded in a $20 range over the past 24 hours. Nothing sounds crazy, anymore,” said RBC… Source link

Oil prices are perched at 14-year highs, which has also driven a gallon of regular gas above $4, stoking new inflationary fears and pressuring already sticker-shocked consumers. And with the U.S. now moving to curtail Russian oil imports — and leaning on allies to do the same — as punishment for invading Ukraine, it’s not just the absolute price level that has market watchers concerned. “It’s just the speed of this move [that’s] concerning because it wipes out people in certain areas,”… Source link

The charts say stocks could have much further to fall as investors price in the three-headed monster that is elevated inflation, rising interest rates from the Federal Reserve and a potential Ukraine-Russia war. “Every facet of my work continues to suggest that this is a chart book consistent with a 20% drawdown in the S&P [500]. While ephemeral relief rallies will occur as the conflict ebbs and flows, the seeds of the current decline were planted by policy and the pandemic long before troops… Source link

Krispy Kreme’s (DNUT) stock should be devoured by traders headed into the company’s earnings on Feb. 22 as it’s just too darn cheap, says EvercoreISI restaurant analyst David Palmer. “Despite a volatile environment, Krispy Kreme continues to execute and move ahead with its growth plans,” Palmer said in a new research note. The veteran analyst listed several key considerations for a bull case on the stock: “The company has bold goals for points of distribution based upon detailed analysis. The… Source link

As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake earlier in 2021; has now taken a $101 million impairment on the holding as bitcoin’s value has diminished; and currently Tesla’s bitcoin stake has a market value of nearly $2 billion, and a ‘carrying… Source link

Energy and oil prices have been on fire over the last six months. And expect them to go higher, says one analyst. “For multiple reasons, there’s still room to go higher in the coming weeks,” Troy Vincent, DTN ​​senior market analyst, told Yahoo Finance Live. Some strategists have been forecasting $100 barrel for oil. “I wouldn’t say it’s inevitable, but it’s going be very easy to get there,” said Vincent. Over the last six months, crude is up nearly 40%. On Monday, prices took a breather… Source link

Apple (APPL) shouldn’t let Peloton (PTON) end up in the hands of Nike or Amazon, contends Wedbush tech analyst Dan Ives. While Apple is known to be cautious on doing big deals (last one was $3 billion for headphone maker Beats in 2014), a bid for Peloton makes sense. “Acquiring Peloton would be a major strategic coup and catalyze the company’s aggressive health and fitness initiatives over the coming years. With ~2.8 million paid subscriptions today and a very strong/unique competitive moat,… Source link