Apple (AAPL) could have a few other problems on its hands in 2023 besides an uncertain manufacturing situation in China, according to one Apple bull on the Street. “I think there are two main issues lying ahead of Apple for 2023,” Oppenheimer analyst Martin Yang said on Yahoo Finance Live (video above). “Number one is we’ve seen two years of very strong upgrade and replacement cycle for iPhone, … and that replacement cycle strength may weaken into ’23 by two factors. One is the majority of… Source link
Read More »Apple could have 2 non-China problems on its hands in 2023: Analyst
Apple (AAPL) could have a few other problems on its hands in 2023 besides an uncertain manufacturing situation in China, according to one Apple bull on the Street. “I think there are two main issues lying ahead of Apple for 2023,” Oppenheimer analyst Martin Yang said on Yahoo Finance Live (video above). “Number one is we’ve seen two years of very strong upgrade and replacement cycle for iPhone, … and that replacement cycle strength may weaken into ’23 by two factors. One is the majority of… Source link
Read More »Apple could have 2 non-China problems on its hands in 2023: Analyst
Apple (AAPL) could have a few other problems on its hands in 2023 besides an uncertain manufacturing situation in China, according to one Apple bull on the Street. “I think there are two main issues lying ahead of Apple for 2023,” Oppenheimer analyst Martin Yang said on Yahoo Finance Live (video above). “Number one is we’ve seen two years of very strong upgrade and replacement cycle for iPhone, … and that replacement cycle strength may weaken into ’23 by two factors. One is the majority of… Source link
Read More »The Microsoft stock sell-off is overdone, analyst says
Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says. “While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday. As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended. “Trading at ~20x CY24 GAAP earnings,… Source link
Read More »The Microsoft stock sell-off is overdone, analyst says
Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says. “While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday. As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended. “Trading at ~20x CY24 GAAP earnings,… Source link
Read More »DraftKings downgraded as analyst cautions ‘more risk’ to profitability
DraftKings (DKNG) shares slid on Monday as Wall Street analysts downgraded the stock to Underweight amid a bleaker-than-expected outlook for the online gambling company in 2023. “We suggest investors rotate out of DraftKings and Penn Entertainment (PENN) which we are downgrading today,” JPMorgan analyst Joseph Greff wrote in a research note published Monday. “For DKNG, we see a longer runway and more risk to achieving [online sports betting] profitability than its peers and with the… Source link
Read More »Bob Iger can’t wave a ‘magic wand’ to change Disney’s structural problems: Analyst
Disney’s (DIS) Bob Iger will be inheriting quite a mess as he reassumes the CEO position at a company he led for 15 years. “Disney’s problems are more structural than they are related to who’s running the company,” Doug Cruetz, media analyst at Cowen, told Yahoo Finance Live. Cruetz listed several fundamental concerns, including a declining linear business, which has been tethered to an increasingly costly sports business at ESPN, in addition to a streaming unit bleeding money amid an… Source link
Read More »Bob Iger’s return to Disney creates strategic ‘uncertainty,’ one analyst warns
Disney (DIS) shares rose Monday following news Bob Iger replaced Bob Chapek as CEO, effective immediately. And the longtime CEO’s impact is already being felt upon his return. On Monday, Iger made his first big move as CEO — firing Kareem Daniel and restructuring Disney’s Media and Entertainment Distribution (DMED) division. DMED was one of Chapek’s first big swings as chief executive, but the reorganization was categorized as a controversial move that upset longtime veterans and reportedly… Source link
Read More »Disney spinning off ESPN would be ‘the dumbest thing ever’: Analyst
Disney (DIS) has some serious decisions to make now that Bob Iger has returned as CEO. One question includes the murky future of ESPN and whether or not the media giant should consider spinning off the popular sports network — a suggestion previously made by Third Point’s Dan Loeb. Loeb argued ESPN would have greater flexibility to pursue business initiatives, such as sports betting, if it was not part of Disney. “We’re very much against spinning off ESPN… that’s the dumbest thing ever,”… Source link
Read More »Kohl’s ‘is a business whose time has passed,’ analyst says
Kohl’s (KSS) is bordering on irrelevancy, and it may stay that way for years to come, warned one veteran retail analyst. “Kohl’s is a business whose time has passed,” Jan Rogers Kniffen, CEO of J Rogers Kniffen Worldwide, said on Yahoo Finance Live (video above). “They were the rising star all through the ’80s, ’90s, and into 2000, and at that point in time they wound up with 1,150 stores in a space that probably only needed 750. and they have been mature and struggling ever since.” Those… Source link
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