Tag Archives: analyst

Bet the farm on battered Tesla (TSLA) stock ahead of the company’s hotly anticipated earnings report on Wednesday, contends Canaccord Genuity analyst George Gianarikas. “Buy [Tesla stock] — it’s pretty simple,” Gianarikas said on Yahoo Finance Live (video above). “The stock had a pretty bad 2022 in terms of performance. That was based on multiple things, and some would attribute it to Elon Musk’s rantings on Twitter. We think it had a lot to do with the demand situation impacting Tesla,… Source link

Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link

Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link

There’s still a lot to like about Amazon (AMZN) stock, even though the company’s coming off a hard year, JMP Securities Equity Research Analyst Nick Jones recently told Yahoo Finance Live (video above). Amazon had a rough 2022, one in which the company’s stock tumbled more than 40% throughout the year. The company’s been battling high inflation, rising rates, and a slow advertising market, and recently announced it would up the number of layoffs it was doing in its corporate workforce from Source link

The rebound for tech stocks could still be a year out, one longtime tech analyst stated, and the recovery may even take the shape of an iconic hairstyle. “We believe in the mullet trade… where it’s kind of business in front, party in back,” Thill said on Yahoo Finance Live (video above), referring to the haircut that rose to popularity from the 1970s through the ’90s. “Hopefully that plays out. [That] it may end up just being a dragged-out, really tough 2023 is the risk, and it may end up… Source link

The layoff axe swinging at Salesforce may be yet another sign that Big Tech still remains too bloated after years of aggressive hiring into a potential sharp 2023 economic slowdown. “I think we will see more layoffs,” Independent Wealth Solutions Management portfolio manager Paul Meeks said on Yahoo Finance Live (video above), adding that “these companies have probably gotten fat over the years, so I expect continued trimming.” Tree trimming contractors work to cut down a large tree stump… Source link

Costco (COST) stock could be nearing a key inflection point after a challenging holiday season, provided execs finally reveal a long-rumored profit-boosting member fee increase. “We believe we may reach a compelling tactical inflection point at some time in the next 2-3 months ahead of a potential membership fee increase in the spring,” John Heinbockel, analyst at Guggenheim, wrote in a new client note on Tuesday. Costco’s last membership fee increase took place on June 1, 2017. The warehouse… Source link

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has for years struggled to improve its position in the cloud market versus leaders like Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp (NASDAQ: MSFT). An internal estimate by Google, from a leaked Microsoft document and some extrapolation of other market statistics, indicated Google Cloud believes it’s closer to second place than analysts think, CNBC reports. Google estimated that Microsoft generated under $29 billion in Azure… Source link

Argus Research President and Director of Portfolio Strategies John Eade joins Yahoo Finance Live to weigh in on FedEx’s Q2 earnings results and the company’s forecasts for 2023. Video Transcript – Let’s talk about what all this means here for the company. We have John Eade, Argus research president and director of portfolio. John, it’s great to see you. So just your initial thoughts on this report. So guidance looks like that’s coming in a bit light, but FedEx taking even more action in terms… Source link

There are more reasons behind Tesla’s (TSLA) plunging stock price than Elon Musk’s focus on Twitter, according to Wells Fargo auto analyst Colin Langan. “It’s very concerning about the weakness that we’re seeing in China,” Langan said on Yahoo Finance Live (video above). “We are seeing incentives go up, and sales actually are not increasing there. And [a] driving concern is: Are we going to start seeing that in the U.S. and Europe? Is that just sort of the early days of softening demand? And… Source link