Tag Archives: bullish

The fast-spreading Omicron variant isn’t shaking the confidence (yet) on Goldman Sachs’ call for double-digit percentage returns for the S&P 500 next year.  Goldman’s chief U.S. equity strategist David Kostin reiterated Monday an S&P 500 target by the end of 2022 of 5,100. The figure marks a potential 12% increase in stock prices as measured from the S&P 500’s current level.  “We expect that these gains will be driven primarily by earnings per share growth of 8% combined with a stable P/E… Source link

Amazon (AMZN) missed earnings estimates in the third quarter and is expecting more pain in the near term, which one analyst says are a sign that the company is spending now to set itself up for more upside later on. “The most important investment that they’re making is in wages,” Anthony Chukumba, an analyst at Loop Capital, told Yahoo Finance Live (video above). Even after increasing workers’ starting compensation from $15 an hour to over $18 an hour, adding benefits, and creating $3,000… Source link

June 22 was a great day for Alfi, Inc, a tech company in Miami Beach, Florida, which sells facial recognition advertising software. After going public in early May at $3.75 per share and dipping to a low of $2.41, the stock had risen above $16. On June 21, an article published on Yahoo! reported that Alfi’s stock was going “parabolic,” citing a bullish video interview… Source link

(Bloomberg) — Advanced Micro Devices Inc. gave a strong forecast indicating that market share gains, particularly in servers, are helping it make up for a tight supply of chips. Fourth-quarter revenue will be about $4.5 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday in a statement. That compares with an average analyst estimate of $4.25 billion. The chipmaker is on course to exceed an earlier forecast and post a sales gain of 65% for 2021, it said. Most… Source link

The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As a result, the relevancy of these public filings and their content is indisputable, as they may reveal… Source link

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. forecast fourth-quarter sales and margins that exceeded some analysts’ estimates, as demand for chips stayed robust in the face of worsening snarls in the supply chain. Most Read from Bloomberg The world’s No. 1 foundry said Thursday it expects revenue of as much as $15.7 billion in the three months ended December, helping full-year sales grow by about 24% in dollar terms. Gross margin may be as high as 53%, with executives reiterating… Source link

Michael Burry’s ‘mother of all crashes’ warning is still in play — but here are 3 stocks he’s bullish on “The Big Short” guy is sounding the alarm again. Michael Burry, the hedge fund manager who famously bet against the country’s housing market in 2008, recently proclaimed in a since-deleted tweet, “Bond & stock markets depend on a Fed stripped of all credibility.” It’s not his first warning. “All hype/speculation is doing is drawing in retail before the mother of all… Source link

PepsiCo is so bullish on its product pipeline and ability to pass through price increases to combat pesky inflation, it did something out of character on Tuesday.  The beverage and snack giant — typically conservative on how it guides the Street —took a first stab at guidance for the next 15 months on its third quarter earnings release Tuesday. “Normally we don’t talk about the following year until February [earnings]. Given the sort of open questions that were out there because of all… Source link

The market has been high on Yandex NV (YNDX) stock recently. YNDX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Yandex NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on YNDX! Source link

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link