Tag Archives: analyst

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

Netflix’s (NFLX) new ad-supported offering appears to be undergoing some growing pains. According to a new study by subscription analytics firm Antenna, cited by The Wall Street Journal, the streaming giant’s $6.99 ad-supported offering was the least popular tier of its service during the month November. The ad tier, which officially debuted in U.S. markets on November 3, accounted for just 9% of Netflix sign-ups during the month. About 57% of those ad-supported subscribers re-joined the… Source link

Sep 29, 2019; Orchard Park, NY, USA; New England Patriots former player and current NFL Network analyst Willie McGinest on the field prior to a game between the Buffalo Bills and the New England Patriots at New Era Field. Mandatory Credit: Mark Konezny-USA TODAY Sports Former New England Patriots linebacker Willie McGinest was arrested on a felony charge of assault with a deadly weapon in Los Angeles on Monday. The Los Angeles County Sheriff’s Office told local media that McGinest turned himself… Source link

FedEx remains at risk of laying several more earnings eggs in 2023, especially if the U.S. enters a recession, warns one Wall Street analyst. “FedEx pre-announced and lowered guidance in mid-September, with its earnings release and conference call one week later focused on cost controls amid a softer volume backdrop, particularly in its international business,” EvercoreISI Jonathan Chappell wrote in a note on Monday. “Although we expect most of these cost levers to be pulled, eventually… Source link

Apple’s (AAPL) App Store may soon be competing for space on iPhones in Europe thanks to the European Union’s Digital Markets Act. The law, which goes into effect Jan. 11, 2023, with enforcement beginning in early 2024, could force Apple to allow users to install third-party app stores on their devices, circumventing Apple’s own digital storefront. The problem, for Apple at least, is that if developers can take advantage of third-party app stores they’ll be able to bypass the 30% fees… Source link

As demand for cosmetics remains resilient, Ulta (ULTA) is proving to be a standout among retailers, according to one analyst. “The consumer has various reasons to shop beauty,” Jessica Ramirez, research analyst at Jane Hali & Associates, told Yahoo Finance Live (video above). “And alone from beauty being a great category at the moment, Ulta has also been a very modern retailer with a very modern retail strategy in place, which… is future-proof for when times are difficult and other… Source link

The only thing Carvana may be delivering in the months ahead is more pain to investors. The online used car seller — a former pandemic darling that has now become one of the most hated stocks on Wall Street as it fights for its survival — is on the cusp of running out of cash, Jefferies analyst John Colantuoni warned in a note. “For perspective, our model has Carvana running out of cash in 1Q23 without an additional infusion,” Colantuoni stated. “The deterioration in liquidity was… Source link

Disney’s ad tier officially launched Thursday as the media giant looks to curb accelerating streaming losses. “We expect Disney to generate anywhere from about $500 million to even up to $1 billion dollars in ad-supported revenue on the Disney+ product in their first year of operation,” Geetha Rangathan, analyst at Bloomberg Intelligence, told Yahoo Finance Live. Rangathan said ad-supported revenue rise by up to $3 billion over the next three years, reiterating her confidence in the media… Source link

Though 2022 was a pretty IPO-less year, 2023 could signal a comeback in the tech IPO market, according to one analyst. “There are a lot of IPOs on the horizon that you’re going to see,” Ray Wang, founder and principal analyst at Constellation Research, told Yahoo Finance Live this week (video above). “I think people are waiting for the interest rates to stabilize. If the Fed can get to… [rate hikes of] 0.50% in December and 0.25% in January, I think we might have some hope.” Some tech… Source link

Wall Street analysts are busy publishing their 2023 lookahead pieces, and Cowen analyst Jeff Osborne is out with the big one — the firm’s Future of Mobility report. Osborne has partnered with 16 other analysts at the firm to map out what’s next in the nearly 500-page report, from electrification, to government regulation, to infrastructure, and even 5G and edge computing to give investors the lay of the land. Cowen has also listed 50 stocks to target for exposure. Key among the… Source link