Tag Archives: analyst

Following Facebook (FB) whistleblower Frances Haugen’s testimony before the Senate Commerce Subcommittee on Consumer Protection and an outage that prevented users from accessing services, the company’s shares began trading around 3% lower from the previous week on Wednesday.  According to Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald, however, Facebook stock might not be as resilient as it has been amid other controversies.  “[Fitz-Gerald Group is] very keen to invest in… Source link

Facebook’s stock has hung in there amid the latest public controversy on how it operates.  But if you are a Facebook (FB) investor and are getting concerned Zuck & Co. can’t stay teflon forever in the eyes of market goers, there are other ways to play the generally healthy tech space.  “You play this by owning IAS [Integral Ad Science Holding]. They effectively do ad verification. So they ensure when an ad is shown it’s shown in the proper way. These ad insurance stories like IAS will… Source link

The COVID-19 pandemic continues to wreak havoc on the airline space, but the time to buy is now, argues Morgan Stanley analyst Ravi Shanker.  Shanker cites three reasons for his bullish call.  First, the sector could see positive news flow into year-end as vaccinations continue for COVID-19 and international travel restrictions are lifted. To that end, the Biden administration said recently it would lift restrictions for fully vaccinated travelers to enter the U.S. starting in… Source link

The vast majority of money managers remain cautious on cryptocurrency investing, despite some big name investors putting their money behind digital coins, according to one analyst. Speaking at Yahoo Finance’s All Markets Summit Plus, Fairlead Strategies founder Katie Stockton said crypto adoption still remains in the “very early stages” with limited institutional money flowing into the space. “We’re kind of at the very low end of that curve, right? That could accelerate to the upside,”… Source link

Just like a $1 slider, Jefferies restaurant analyst Andy Barish says restaurant stocks are too cheap to ignore…and it’s time to chow down. “Really it’s the damage done [during the pandemic] unfortunately to a lot of independent restaurants in the sector during the past 18 months of the pandemic that has caused a huge amount of capacity to be reset. So coming out of the pandemic, the large restaurant chains are very well positioned to take incremental market share in the form of better… Source link

Lucid Motors (LCID) shares rallied on Thursday after a bullish analyst note and confirmation from the Environmental Protection Agency (EPA) that the EV maker’s premium car has a higher mile range than Tesla’s model S (TSLA).  Lucid’s Dream Air edition vehicle received an EPA rated range of 520 miles. That’s about 100 miles more than Tesla’s model S Long Range.  The EV maker’s CEO and CTO Peter Rawlinson has said in previous interviews that Lucid’s car could go farther on one full battery… Source link

Apple (AAPL) may be teasing a bigger streaming content push at a big event scheduled for Sept. 14, but Wall Street thinks Netflix (NFLX) will remain the dominant force in the streaming category for years to come. “I have not been impressed by what Apple has done. They have created a couple quality shows and a lot of less than interesting shows. They are just not getting that broad appeal yet,” said Bank of America analyst Nat Schindler on Yahoo Finance Live. “They obviously have a lot of… Source link

Coming back from the Labor Day weekend, Tesla (TSLA) shares marked a 2.64% gain on Tuesday, trading at just over $750 by market close. And while some experts are targeting $3,000 per share, TD Ameritrade Chief Market Strategist JJ Kinahan explains why TD’s clients are selling Tesla in the near term. “[TD Ameritrade’s clients] sold [Tesla shares] in July and August, which I think is very interesting overall,” Kinahan told Yahoo Finance Live. “[They sold for] a couple of reasons…. Source link

The “AMC apes” were quick to shred the downgrade of their favorite company on Twitter from Macquarie analyst Chad Beynon on Wednesday, a move that wiped away 7.3% from the stock price.  A day later, Beynon is standing by his call because, well, the fundamentals warrant a more bearish stance.  “It has been a pretty difficult time [to cover AMC],” Beynon said Thursday on Yahoo Finance Live. “The AMC story is really momentum and technically driven, and a lot of the leaders of this [AMC]… Source link

Dogecoin (CRYPTO: DOGE) is headed for much higher highs, according to cryptocurrency market analyst Gianni Di Poce. What Happened: Speaking at the Benzinga Crypto Trading Festival, Di Poce — financial analyst and president at market research firm The Mercator — said that he “wouldn’t be surprised to see DOGE at over a buck a coin.” The market analyst explained that the coin is now forming something that resembles a bull flag or a bull pennant and that we should expect new highs if it were… Source link