Tag Archives: analyst

Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live. U.S natural gas prices rallied on Monday to new 14-year highs over reserve concerns and the energy crisis in Europe. Oil prices declined during the session amid worries of a global slowdown and the prospects of… Source link

Walmart (WMT) may have an edge over its competition, Target — selling gasoline. Walmart+ members can save 10 cents a gallon at a number of participating Walmart, Murphy, Exxon and Mobil (XOM) stations nationwide. “This is actually Walmart’s secret ingredient over Target,” Jharonne Martis, director of consumer research at Refinitiv. In Walmart’s second-quarter fiscal 2023 earnings results, year-over-year sales grew 6.5%. This quarter alone, membership income grew 25.6%, according to… Source link

Households can expect to pay more to heat their homes this winter. “Natural gas futures (NG=F) prices are more than double what they were one year ago,” according to Andy Lipow of Lipow Oil Associates. The energy analyst notes home heating oil is also higher and the cost of delivering it to the home is going up as well. “The consumer is going to pay more for their heating bills this winter, whether they use natural gas or home heating oil. Most will have sticker shock,” Lipow recently… Source link

Walmart (WMT) is weighing bundling a streaming service into its Walmart+ membership program. According to The New York Times, the big box retailer met with executives from Paramount (Paramount+, Showtime), Disney (Disney+, Hulu and ESPN+), and Comcast (Peacock) to discuss potential partnerships. In a statement provided to Yahoo Finance, Walmart said it would “not be commenting on speculation.” Nevertheless, the move would be a strategic shift as the company looks to forge ahead in the retail… Source link

Bed Bath & Beyond has entered the retail death spiral that pulled once-proud retail chains such as Sears and Circuit City into the grave, according to one analyst. In a new note to clients on Friday, Loop Capital analyst and vocal Bed Bath & Beyond critic Anthony Chukumba reiterated a sell rating and $1 price target on the stock. Shares rose 20% as of 1:10 p.m. ET in Friday’s session on continued speculation that Bed Bath & Beyond is nearing a capital raise to bolster its dwindling cash… Source link

Lowe’s stock is getting nailed with a downgrade by analysts at Citi on fears that a rapid cooling in the housing market will hammer demand at the home improvement retailer. Citi analyst Steven Zaccone slashed his rating on Lowe’s to neutral from buy on Thursday. “We see risk of a 2Q miss on same-store sales and EPS vs. Street with the potential to cut FY22 guidance given the weak first half results,” Zaccone wrote in a new note to clients. “We believe the buy-side is bracing for a miss and… Source link

Stay away from battered semiconductor stocks for the time being, according to Citi analyst Chris Danely. “We believe negative catalysts will now outnumber positive catalysts given upcoming PC data points and monthly Taiwan sales figures,” Danely wrote in a fresh note to clients. “We also expect negative data points in September in broader semis as the correction continues.” The analyst removed his short-term bullish calls on chip makers NXP Semiconductor and ON Semiconductor. His top pick… Source link

Competition in the streaming space is increasingly getting fierce, with more providers vying for subscribers at a time when signs of saturation in the market are starting to emerge. With the streaming market expected to “significantly cool” over the next five years, according to PwC’s annual Global Entertainment & Media Outlook, streamers are being forced to adapt to a rapidly changing landscape. “As the streaming wars continue, we will end up with three or four winners,” Needham Analyst… Source link

Warner Bros. Discovery (WBD) continued to plummet on Thursday, dropping 16% in midday trading after the company reported a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. “We knew it was going to be messy, but this was pretty awful,” Geetha Ranganathan, Bloomberg Intelligence senior media analyst, told Yahoo Finance. The company expects 2022 adjusted EBITDA to come in between $9 billion and $9.5 billion, a decline from previous forecasts of $10… Source link

Google’s strength in search advertising helped it weather the most recent quarter better than many of its rivals, but the vaunted internet giant isn’t immune to the problems facing the digital ad sector at large. And now, in the midst of an economic malaise, plus ramped-up regulatory scrutiny in various countries, Google faces some of its biggest challenges ever. This Analyst Take examines those headwinds. Despite its size and strength, Google has vulnerabilities as ad demand slows. Its… Source link