Tag Archives: analyst

An analyst who predicted the bitcoin mid-May price slide says the cryptocurrency’s current range play is likely to be resolved on the higher side. “The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. “Intermediate-term momentum has been improving based on the MACD histogram.” Bitcoin has been trading between $30,000 and… Source link

It’s time to back up the truck and buy the beat-up shares of pioneering crypto exchange Coinbase (COIN), contends Oppenheimer analyst Owen Lau.  Coinbase shares don’t deserve to be swept up into the latest crypto winter, according to Lau.  “We think Coinbase should not trade in lockstep with bitcoin because bitcoin can be very volatile, but at the same time because of their volatility it drives higher trading volume. It is similar to all the traditional exchanges, and we think that it’s… Source link

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Yandex Self-Driving Group (NASDAQ: YNDX) announced Tuesday it reached a multi-year partnership with the delivery company Grubhub to expedite deliveries on college campuses in the United States. The idea is to use Yandex’s technology and its driverless robots to deliver food to students on college campuses. The US delivery firm, on the other hand, has a partnership with over 250 college campuses across the… Source link

Loop Capital Markets analyst Anthony Chukumba was among the first analysts on Wall Street to drop coverage of GameStop in February as the rise of meme traders overran the stock and sent it to dizzying new heights for no real fundamental reason.  But despite a new management team and board arriving to GameStop in recent weeks, don’t look for Chukumba to be re-launching coverage anytime soon.  “I will never cover GameStop ever again, there is just no point,” Chukumba said on Yahoo Finance… Source link

BMO Managing Director and Senior Analyst Simeon Siegel joined Yahoo Finance Live to discuss Nike’s big stock spike after the sportswear giant crushed Q4 earnings. “When we can talk about a company the size of Nike scale, still blowing away numbers from a revenue perspective, but also from a margin perspective, they really gave you a lot to choose from,” Siegel said. Nike posted Q4 revenue of $12.3 billion up 96% Y/Y, adjusted earnings per share of 93 cents. Nike Direct sales also increased… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link

Unlike other cryptocurrencies like bitcoin (BTC-USD) and Litecoin (LTC-USD), Dogecoin (DOGE-USD) has no legitimate use and was created as a joke, Ric Edelman, founder of Edelman Financial Engines, told Yahoo Finance Live. “I am strongly opposed to Dogecoin, Doggy-coin, because it was invented as a joke,” Edelman said. “It was not serious. It has no legitimate use-case. It is not something that I think is doing the crypto community any good in its efforts to generate credibility and… Source link

Tensions between the U.S. and China are likely only to worsen under the Biden administration, according to Raymond James Managing Director Ed Mills. “This kind of relationship is going down a path of great confrontation,” said Mills, who is also the financial services firm’s Washington policy analyst. “I think we are going to see an increase in the conversation about the decoupling and more conversations about ‘Are we going into another Cold War between these two economies?'” Mills… Source link

Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst. Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800. “We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in… Source link

With a roster of new executives on deck, video game retailer GameStop (GME) is gearing up for a turnaround. But for investors, that new direction is as yet unclear. Shares of GameStop sank by 27% on Thursday, logging their worst day since March even after the company reported first-quarter results that topped estimates. Sales grew by a better-than-expected 25% to $1.28 billion, while adjusted losses narrowed to 45 cents per share, compared to losses of $1.61 per share during the same period… Source link